Bitcoin surpasses $ 30,000 on July 21 ;/>Bitcoin-supera-los-30000-el-21-de-julio. jpg »class =» wp-post-image »alt =» »/>

Bitcoin has lost about half of its all-time highest value, reached earlier this year, of around $ 65,000. On the other hand, the price of bitcoin rose more than 7% and broke the resistance of $ 32,000.

At the time of writing, BTC was trading at $ 32,187.71, and the price could accelerate further. However, the next key resistance is near $ 33,000, above which the price may continue to climb.

Bitcoin was unable to show any significant price movement in either direction in the world’s first truly digitized digital currency despite recent breakouts at Grayscale Bitcoin Trust ($ GBTC), the cryptocurrency.

BTC prices fell below the significant wave of instrumental support to ensure its strong bullish bias is intact after the March 2020 cryptocurrency market crashed.

Covid-19 concerns

Bitcoin has recently dropped below $ 30,000 following a global risk-reduction move on Monday as concerns about Covid-19 mounted. incident occurred for the first time since June 22.

collapse also came after news that the New Jersey Attorney General issued a warning letter to cryptocurrency lending company BlockFi, ordering it to stop offering interest-bearing accounts.

BTC / USD has been stuck in a bottleneck for a while, but recently it has taken a slight negative trend.

level is at the 50% Fibonacci level from a rise from $ 16,225 to 42,000 seen in Q3 2020. refore, continued support is expected from the above.

What is the future of Bitcoin?

fall in the price of Bitcoin continued and the $ 30,000 support was broken on Sunday night. However, most cryptocurrencies rallied on Wednesday after a sell-off, with the world’s top digital currency surpassing $ 30,000.

next daily dive will address the possible influencers at play and the possible scenarios for the bitcoin market. At the same time, this letter will take into consideration the latest trends in bitcoin miners in particular.

major altcoins are showing signs of life. Ethereum rose above the $ 1,800 and $ 1,850 resistance levels. XRP also spiked above $ 0.550 and could potentially test $ 0.565.

A couple of altcoins have rallied over 10%, such as RUNE, MATIC, FTT, QNT, AXS, TEL, DASH, ICP, THETA, XEM, TFUEL, COMP, SOL, KSM, and DCR. For example, MATIC gained around 30%, topping $ 0.835.

Regulatory crackdown

Bitcoin’s latest crash came after warnings that continued global crackdowns against cryptocurrency mining operations and trading around the world could continue to hit the market with higher levels of instability.

In China, the authorities have decided to eliminate cryptocurrency mining, which validates transactions and produces new coins. In addition, there is a growing crackdown on the industry by regulators globally.

Binance, the world’s largest cryptocurrency exchange, is under significant pressure from regulators in the UK, Italy, and other areas.

Wayne is a Blockchain enthusiast and cryptocurrency trading expert. Currently, he deals with trending topics in digital currencies.

Also read Bitcoin (BTC) targeting new highs after bullish week

Source link


Related Posts

© 2024 Cryptocoin