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“# October 2020 Déjà vu? Bitcoin pullback at $38K has traders at odds over next move ” The wider cryptocurrency market entered a period of consolidation on July 27 following Bitcoin’s (BTC) brief spike above $40,000 the day before that helped ignite a rally across the market and brought a renewed sense of optimism to…
“# Inside El Salvador’s Bitcoin experiment: Cointelegraph video report ” Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar. The country’s new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as a currency to purchase goods and services, as well as…
“# GBTC premium matches Bitcoin price crash levels as unlocking fear fades ” The Grayscale Bitcoin Trust (GBTC) is echoing bullish sentiment in Bitcoin (BTC) as its premium over spot price rises to its highest since May. Data from analytics resource Bybt shows that on Tuesday, the so-called Grayscale premium stood at -5.88%. The last…
“# Bitcoin price seeks higher low as trader forecasts $45K breakout within weeks ” Bitcoin (BTC) traded steady on July 27 after a surge above $40,000 resulted in higher levels broadly holding. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on Bitcoin higher lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near…
“# Kazakhstan to reportedly allow banks to process crypto purchases ” The Kazakhstan government is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions. Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure to cryptocurrencies like Bitcoin (BTC), local news channel Khabar…
“# Institutions continue offloading BTC exposure despite price rebound ” Investments in institutional Bitcoin products have continued to decline this past week. In its July 26 Digital Asset Fund Flows report, CoinShares notes institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week ending July…
“# Amazon denies rumored plans for Bitcoin support ” Amazon has refuted recent speculation it may be readying to support Bitcoin payments, asserting it currently has no plans for BTC. According to a Reuters report on July 27 citing a spokesperson from the firm, Amazon remains interested in the crypto industry but has no specific…
“# Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’ ” Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today’s rally to $40,581 was a continuation of the July 25 breakout…
“# Bitcoin hits $40K after a 6-week absence, but on-chain activity is ‘somewhat bearish’ ” Bitcoin (BTC) touched $40,370 on July 26 as a solid day of gains saw the return of a major price milestone. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView BTC price daily gains near 20% Data from Cointelegraph Markets Pro and…
“# Price analysis 7/26: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC ” Bitcoin (BTC) soared from $29,482.61 on July 21 to $40,000 today, its highest level since June 16. This sharp rebound shows a possible change in sentiment. The bulls received a boost on Sunday, following the news from an anonymous source…