Bitcoin price hits $41K, then rejects after sellers defend the 200-MA
A breakout above $41,000 provoked selling near a key moving average but the move could just be a lower support retest. Go to Source Powered by WPeMatico
Bitcoin Price
Auto Added by WPeMatico
Traders look for Bitcoin price daily close at $41K to confirm bullish reversal
Bitcoin’s range breakout boosted sentiment but traders are waiting for a daily close above $41,000 before taking more decisive action. Go to Source Powered by WPeMatico
Bitcoin derivatives data shows pro traders ignored today’s $41K pump
Bitcoin price may have pumped 10% to $41,000 but derivatives indicators show top traders aren’t feeling so bullish. Go to Source Powered by WPeMatico
Following massive BTC purchase announcement, MicroStrategy says it may sell up to $1B in stock
The firm said it intended to use the proceeds from the offering “for general corporate purposes, including the acquisition of Bitcoin.” Go to Source Powered by WPeMatico
‘Bitcoin is not an asset that is designed to be leveraged’ says Caitlin Long
Avanti Financial CEO says Bitcoin shouldn’t be leveraged, while regulations for stablecoins are underway Go to Source Powered by WPeMatico
MicroStrategy could hold more than $4B in Bitcoin after latest private offering and crypto purchase
With the price of Bitcoin moving above $40,000 for the first time in weeks, the company could soon hold more than 100,000 BTC. Go to Source Powered by WPeMatico
Bitcoin price moves toward $40K as on-chain and technical analysis favor bulls
Bitcoin price is still 38% away from its all-time high but a handful of technical indicators suggest bulls are gathering strength. Go to Source Powered by WPeMatico
JPMorgan Warns of Incoming Bitcoin Bear Market Citing ‘Unusual Development’ in Futures
Investment bank JPMorgan Chase has warned of a further bitcoin price decline, expecting an incoming bear market. The bank’s analysts look at the trend in bitcoin futures and see “an unusual development and a reflection of how weak bitcoin demand is at the moment from institutional investors.” However, a number of people disagree with this … Read more
Elon Musks lays out when Tesla will begin accepting Bitcoin payments again
Musk responded to a Cointelegraph tweet about Sygnia CEO Magda Wierzycka calling for the SEC to investigate him over alleged Bitcoin price manipulation. Go to Source Powered by WPeMatico
Canadian Bitcoin ETF adds to its holdings despite steep market correction
The Purpose Bitcoin exchange-traded fund has been reaccumulating BTC since mid-May, a sign that investors are keen to buy the dip. Go to Source Powered by WPeMatico