Bitcoin Touches $74,400 Multiweek High as Altcoins Rally

Bitcoin climbed to around $74,400 before easing to roughly $73,700, a multiweek peak, TradingView data show. BlackRock's IBIT BTC ETF recorded $600 million of net purchases over five consecutive days last week, while Strategy bought an additional $1.57 billion of BTC at an average of $70,194 per bitcoin, bringing its holdings to 761,068 BTC valued at $57.61 billion. The rally triggered more than $300 million in short liquidations and lifted many altcoins, with analysts suggesting Bitcoin's test of resistance near $74,000 could lead to either consolidation or a breakout. Against this backdrop, the PlayNance ecosystem's G Coin token has sold nearly 14 billion tokens ahead of its token generation event in less than 36 hours and reports a market cap of about $40 million with over 200,000 holders, according to its official site; the project's smart contract has been audited by CertiK, and this article is sponsored content that does not constitute financial advice.