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Fortune

Marco Quiroz-Gutierrez

Here's why recent Bitcoin rallies can't keep their momentum after cracking $25K

(Credit: Photo Illustration by Fortune)

Over the course of a three-day weekend marked by skittishness over the Fed’s next rate hike, Bitcoin broke above the $25,000 level four times before promptly retreating on each occasion, according to data from CoinMarketCap.

After surpassing that benchmark for the first time in eight months on Feb. 17, Bitcoin did it again on Sunday, twice on Monday, and again around 3:30 a.m. ET on Monday.

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