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Cryptos: Bitcoin ticks higher, nearing 2019 high

Bitcoin prices moved higher on Monday, edging the cryptocurrency towards crucial resistance at $4,200.

In early morning trade, bitcoin, BTCUSD, +0.68% the world’s largest digital currency, was changing hands at $4,139.37, up 0.5% since Sunday’s level at 5 p.m. The cryptocurrency has yet to breach $4,200 in 2019.

Read:Stock futures climb on upbeat China data, indicating bullish start to new quarter

What are the experts saying

On Friday, the Securities and Exchange Commission delayed its ruling on two bitcoin-related exchange-traded fund proposals, one by Bitwise Asset Management and the other a joint bid from VanEck and SolidX.

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