Bitcoin Eyes Best Session In Nearly 2 Months: Bulls Regain $28,000 Mark, Surpass 200-Day Average

Bitcoin (CRYPTO: BTC) is poised to deliver its strongest daily performance since the end of August, surging by more than 5% as of 04:30 p.m. ET on Monday.

The day’s price action has been marked by significant fluctuations, which didn’t prevent bulls from regaining control by as the day unfolded.

Earlier Monday morning, Bitcoin soared to a peak of $30,000 on the back of misleading reports from the crypto news outlet Cointelegraph, which had erroneously stated that the U.S. Securities and Exchange Commission (SEC) had given the green light to a spot Bitcoin exchange-traded fund (ETF) application submitted by the major asset manager …

Full story available on Benzinga.com

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