- The lack of an agreement on raising the U.S. debt ceiling continued to put a damper on any rallies in financial markets on Tuesday, with stocks trending down for the day while the cryptocurrency market remains in a sideways holding pattern.
Data provided by TradingView shows that Bitcoin bulls managed to rally its price back above the $27,000 support/resistance level to hit a daily high of $27,511 in the early trading hours on Tuesday. BTC has since drifted down to support at $27,200.The early morning rally for BTC led to “firmer” June Bitcoin futures prices on Tuesday, according to Kitco senior technical analyst Jim Wyckoff.“The price downtrend on the daily chart has now stalled out and turned into sideways trading,” Wyckoff said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin holds at $26,900 as the debt ceiling debate stallsCryptocurrency prices remained in a holding pattern on Monday as a breakdown in U.S. debt ceiling talks has asset managers preparing for the fallout of a debt default.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Bitcoin: Are users losing interest in Ordinals? This data suggests…The transaction fees from Bitcoin Inscriptions started to fall recently.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin’s plateaus near former range low – What’s next?Bitcoin consolidates near key support with a bearish overhead stronghold and neutral futures market.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin: This indicator could dismiss investors’ current dismayThe king coin's price has long-term potential of reaching its peak again. But it depends on a number of factors.
Source: CryptoAmb - 🏆 22. / 68 Read more »
This year’s Bitcoin Pizza Day could make or break BTC- Here’s howAs the crypto community marks the 13th celebration of the event, a notable analyst opined that it might be not the best time for short term gains.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ordinals activity on Bitcoin moderates after Litecoin and Dogecoin integrate the serviceAs Ordinal activity on Bitcoin moderates following the launch of similar services on Litecoin and Dogecoin, airdrop rumors suggest that inscriptions may soon see a revival for BTC.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »