Bitcoin Breaks $61K as Japanese Firm Secures ¥1 Billion Loan for BTC
- Bitcoin surges past $61,000, recording a 10.67% increase in a single day.
- CME Gap (~$59,400 – $62,550) is halfway filled.
- MetaPlanet, a Japanese public company, acquires a ¥1 billion loan to buy more Bitcoin.
- Analysts believe Bitcoin’s bottom is confirmed, setting the stage for further gains.
Bitcoin continues its bullish momentum, soaring past $61,000 with a 10.67% rise today. This rally follows the successful partial filling of the CME Gap, which lies between $59,400 and $62,550.
The CME Gap’s Significance
The CME (Chicago Mercantile Exchange) Gap refers to the price difference between Bitcoin’s closing price on Friday and its opening price on Sunday. Traders often pay close attention to these gaps as they tend to get filled, meaning Bitcoin’s price usually revisits these levels. Currently, Bitcoin has already filled the gap halfway, indicating strong upward momentum.
MetaPlanet’s Bold Bitcoin Move
Adding to the bullish sentiment, Japanese public company MetaPlanet has secured a ¥1 billion loan to increase its Bitcoin holdings. This significant investment reflects growing institutional interest and confidence in Bitcoin as a long-term asset. MetaPlanet’s decision could inspire other firms to follow suit, potentially driving Bitcoin’s price even higher.
As Bitcoin continues its ascent, with analysts predicting that the bottom is in, the next few days could be crucial for the cryptocurrency market.
