- The bitcoin price briefly surged above $61,000 on Tuesday.
- The climb surfaced as a part of an upside weekly session, as traders' appetite for safe-havens surged ahead of key US inflation data.
- Technically, the cryptocurrency shied away from confirming a price breakout to the upside.
Bitcoin rallied above $61,000 on Tuesday.
The flagship cryptocurrency's upside move was brief but left traders more confident about extended gains. Changpeng Zhao, the CEO of Binance, noted that the traffic volume peaked on their trading platform following Bitcoin's spike. That indicated that more traders rushed to online exchanges to buy Bitcoin or sell it to secure short-term profits.
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