{"id":31050,"date":"2024-05-20T18:18:56","date_gmt":"2024-05-20T18:18:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/injective-fantom-soar-as-bitcoin-price-surges-past-68k\/"},"modified":"2024-05-20T18:18:56","modified_gmt":"2024-05-20T18:18:56","slug":"injective-fantom-soar-as-bitcoin-price-surges-past-68k","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/injective-fantom-soar-as-bitcoin-price-surges-past-68k\/","title":{"rendered":"Injective, Fantom soar as Bitcoin price surges past $68k"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-bull-run-on-etf-news-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-bull-run-on-etf-news-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-bull-run-on-etf-news-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-bull-run-on-etf-news-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Injective price rose 10% to above $27.26, while Fantom hit $0.96 after surging 12%.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Gains for the altcoins came as Bitcoin price crossed the $68,000 mark to hit its highest level since April 12.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin (BTC)<\/a> price rose more than 2% in afternoon trading on Monday as bulls broke above $68,000. <\/span><\/p>\n<p><span style=\"font-weight: 400\">This is the first time that the flagship crypto asset has reached these levels since April 12 \u2013 when BTC fell from highs of $69,100.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Injective, Fantom prices surge<\/span><\/h2>\n<p><span style=\"font-weight: 400\">As the benchmark cryptocurrency looked towards the $69k mark, a host of altcoins mirrored the upside. Ethereum broke above $3,150, BNB hit $580 and Solana price rose to above $181, notching a 24-hour uptick of nearly 6%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, some of the biggest gainers on the day were <a href=\"https:\/\/coinjournal.net\/injective\/\">Injective (INJ)<\/a> and <a href=\"https:\/\/coinjournal.net\/fantom\/\">Fantom (FTM)<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from CoinGecko, Injective price was up 10% to $27.26 at the time of writing. Meanwhile, Fantom continued its recent upward momentum with a 12% spike that saw FTM price hit highs of $0.96.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Injective\u2019s 24-hour trading volume rose more than 113% to $121 million, while Fantom\u2019s was up 11% to over $385 million.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Bitcoin price hits highest level in over a month<\/span><\/h2>\n<p><span style=\"font-weight: 400\">BTC\u2019s jump to $68,679 on Coinbase saw the leading cryptocurrency reach its highest price level in more than a month.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/x\/QNit7UJO\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-205071 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/05\/btc-usd-price-surge.png\" alt=\"\" width=\"1074\" height=\"545\"\/><\/a><\/p>\n<p><span style=\"font-weight: 400\">The sudden spike in the price of Bitcoin comes after the benchmark cryptocurrency bounced sharply following last week\u2019s release of the US Consumer Price Index (CPI) data.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On May 15, BTC price rose more than 8% from lows of $61,539 to highs of $66,480 as stocks rallied amid the softer-than-expected CPI data for April. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Today\u2019s gains come as the spot Bitcoin ETFs resume sharp inflows after the past few weeks recorded unimpressive numbers.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analysts at QCP noted last week that the slowing inflation, institutional adoption of Bitcoin and the upcoming US election could provide catalysts for <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-price-heres-why-qcp-capital-expects-btc-run-to-74k\/\">new momentum that takes BTC to above $74k<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As Bitcoin extends gains above the $66k support level, it\u2019s likely a breakout above the $70k area will open a path for bulls to target a new all-time high. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Before then, crypto analyst Rekt Capital <a href=\"https:\/\/x.com\/rektcapital\/status\/1792608227512954907\">expects<\/a> a run to the $71,500 area.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/injective-fantom-soar-as-bitcoin-price-surges-past-68k\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Injective price rose 10% to above $27.26, while Fantom hit $0.96 after surging 12%. Gains for the altcoins came as Bitcoin price crossed the $68,000 mark to hit its highest level since April 12. Bitcoin (BTC) price rose more than 2% [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31050"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31050"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31050\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31051"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}