Bitcoin eyes $80k after weekly rally pushes BTC above key moving averages

Key takeaways Bitcoin, Ethereum, and XRP have gained nearly 20%, over 25%, and almost 30%, respectively, this week. Expanded U.S. Treasury debt buybacks have improved liquidity expectations and boosted demand for risk assets. Bitcoin trades around $76,800 after breaking above its 50-day, 100-day, and 200-day exponential moving averages. Bitcoin, Ethereum, and XRP extended their rallies […] The post Bitcoin eyes $80k after weekly rally pushes BTC above key moving averages appeared first on CoinJournal.