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Bitcoin bears ‘in control but exhausted’ as BTC price retakes $29KBitcoin rebounds from a fit of weakness with 'exhausted' bears facing a potential BTC price breakout. Despite a lack of enduring momentum, market participants are looking for signals of a return to a trend. Still in a tight range, Bitcoin largely followed United States equities during the Aug. 7 Wall Street trading session. Despite a lack of enduring momentum in either direction, market participants looked for signals that a return of some sort of trend could already be here.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Nears 1-Week High, as Paypal Launches USD Stablecoin – Market Updates Bitcoin NewsBitcoin rebounds as Paypal announces the launch of a USD stablecoin on the ethereum blockchain.
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin (BTC) Price Analysis for August 8Traders are eager to know when they can expect a local rise in Bitcoin (BTC) price. This article provides an analysis of the current market situation and offers insights for traders. Please note that the opinions expressed in this article are the writer's own and do not represent the views of U.Today. The provided financial and market information is for informational purposes only and U.Today is not responsible for any financial losses incurred while trading cryptocurrencies.
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin Hits $30.2K August High Amid Warning Longs 'Chasing' BTC PriceBitcoin bulls are trying to turn resistance into support as the BTC price surges above $30,000. However, analysts remain cautious about the long-term strength of BTC price. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $29,800 after a surge during the previous day’s Wall Street trading hours.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Cardano (ADA) Unleashes Major Bitcoin (BTC) Integration on MainnetBitcoin officially comes to Cardano in major mainnet launch via anetaBTC (wBTC), the freshly minted cBTC will now empower users to harness Bitcoin-backed assets within the Cardano ecosystem, an eagerly anticipated development that is poised to contribute significantly to the project's growth. Thanks to our community for being with us every step of the way. BTC is now available to help bolster Cardano DeFi. The work has just begun, next steps will be announced soon.
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin (BTC): Here Are Three Potential Catalysts for BreakoutBitcoin (BTC) might be on the verge of breaking out of an abnormally low volatility period. Potential catalysts for a breakout include the possibility of a spot Bitcoin exchange-traded fund in the United States, which could increase demand.
Source: Utoday_en - 🏆 295. / 63 Read more »