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16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. Whatโ€™s next?

Bitcoin failed 3 times in the past few weeks in breaking the big resistance at $42,000, but finally it overcame the heavy resistance zone.

16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. Whatโ€™s next?

Cover art/illustration via CryptoSlate

Bitcoin, the largest cryptocurrency by market cap, finally broke above the crucial resistance of $42,000 while Ethereum prices jumped by almost 15% after the EIP-1559 update.

Bitcoin failed 3 times in the past few weeks in breaking the big resistance at $42,000, but finally, it overcame the heavy resistance zone.

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