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Cryptocurrency, Bitcoin prices today, July 4

Today’s cryptocurrency prices gained as Bitcoin crossed the USD19,000 threshold. The biggest and most popular cryptocurrency in the world, Bitcoin, rose by almost 1% and was trading at USD19,234. Even though it had increased slightly in the previous day to USD910 billion, the market capitalization of all cryptocurrencies fell short of USD1 trillion today, according to CoinGecko.

The second-largest cryptocurrency, Ether, which is connected to the Ethereum network, increased more than 1% to USD1,073. Shiba Inu’s price only slightly increased to USD0.000010, whereas Dogecoin’s price increased by 3% to USD0.06 today.

As XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, and Uniswap prices were trading with gains over the last 24 hours, whereas Polygon, Apecoin, and Tether fell, other cryptocurrency values today also performed well.

Cryptocurrencies have suffered this year in the wake of Federal Reserve rate hikes and stubbornly high inflation. When the previous two-year crypto slumber ended in 2020, the sector’s total assets soared to around USD3 trillion before falling to less than USD1 trillion last November. Investors were further alarmed by the collapse of the Terra/Luna ecosystem and the ongoing worry over the hedge fund Three Arrows Capital Ltd.

Industry players on 1 pc TDS on crypto investments in India

EU lawmakers finalize rules for tracing transfers of crypto-assets

Deutsche Bank Predicts Bitcoin Price to return to $28,000 by Year-End

 


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cryptocurrency price today: Top cryptocurrency prices today: Bitcoin, Ethereum, BNB, Tron plunge up to 17%

New Delhi: Bitcoin, along with other major crypto tokens nosedived in the last 24 hours, hurting investors’ portfolios badly.

Bitcoin, akin to other peers, has wiped off about 70 per cent of its value from peak. It plunged to the lowest in about 18 months after the freezing of withdrawals by the Celsius lending platform added to concern that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown.

Apart from this, recession and inflation fears also haunted investors.



Majority of the crypto tokens were in deep red. Bitcoin, Ethereum, BNB and Tron plunge between 10-17 per cent. However, a mild recovery was witnessed in Polkadot and Avalanche after solid hammering.

The global cryptocurrency market cap was trading sharply lower at the $908.51 billion mark, dropping as much as 11 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 64 per cent to $153.34 billion.

Expert take
Bitcoin plunged significantly over the past 24 hours and is trading at $21,000 with increased selling pressure since the weekend, said Edul Patel, CEO and Co-founder of Mudrex. “If sellers are determined, Bitcoin can fall to $20,000.”

The market continued to slip following the rise in inflation in the US, he added.

“There is a sharp carnage in the crypto markets and the community is under severe distress. Bitcoin and other tokens have a little comfort to offer to investors. It’s havoc to be exact,” said Kunal Jagdale, Founder & CEO, BitsAir Exchange.

Bears are in ruckus mode and crypto investors have no refuge now that Bitcoin has taken a big hit, he added. “If it falls below the $20,000 mark, things might get uglier and investors should brace themselves for the worst price action.”

Global updates

  • The Tron network’s stablecoin, USDD, lost its peg to the US dollar, dipping to as low as 91 cents, as crypto markets nosedived as investors grew increasingly concerned about persistently high inflation, tightening financial conditions and a potential recession.

  • Crypto exchange Crypto.com and lending platform BlockFi plan to cut a total of more than 400 jobs, joining an expanding list of crypto companies looking to reduce headcount.

  • Bank of England Governor Andrew Bailey reiterated his stance on cryptocurrencies, stating that the asset class has ‘no intrinsic value.’

  • Michael Saylor’s MicroStrategy (MSTR) is sitting on an unrealized loss of more than $1 billion on its bitcoin (BTC) holdings as the price of the largest crypto by market value touches $22,900 in Monday trading.

  • The world’s largest crypto exchange by trading volume, Binance, resumed withdrawals of bitcoin (BTC) after a pause early Monday, the company said.

Tech View by Giottus Crypto Platform
With the weekend selloff intensifying and the Fed’s declaration of 40-year-high inflation of 8.3 per cent, Bitcoin (BTC) has fallen to its lowest level since December 2020. It’s currently trading just above $20,000, after having witnessed double-digit losses in a single day. It is also down by 70 per cent from its all-time high in November. The market, including the rest of the altcoins, will continue to be impacted by BTC’s lows.

BTCET CONTRIBUTORS

After trapezing for weeks in the $30-32,000 range, Bitcoin has forsaken the parallel descending channel it had been forming for some time, to plunge below its crucial support level of $25,000.

When considering yearly timeframes, BTC’s value has plummeted by 80 per cent twice – once in 2014 and then in 2018. If such a drop ensues, Bitcoin may fall further to $14,000. Interestingly, both these years were the mid-way zone to the next Bitcoin halving event similar to 2022.

To restore the market confidence, BTC needs to reclaim the $25,000 psychological resistance before it sets to pursue the $28,000 level – the crucial .618 retracement level. Investors should wait for the BTC to form its bottom before they deploy new capital.

Major Levels
Resistance: $24,700, $25,000, $27,000

Support: $22,500, $20,000

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


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Bitcoin Price | Ethereum Price: Top Cryptocurrency Prices Today: Bitcoin, BNB, Tron, Ethereum gain up to 6%

New Delhi: Crypto market showed signs of mild recovery on Wednesday. Bitcoin‘s dominance is at a one-year high but traders are looking more interested in other altcoins. However, the markets, overall, remained range bound.

Bitcoin outperformed the majority of the altcoins, holding about $30,000 mark. However, market experts said that Bitcoin is in a danger zone as the sentiment for risky assets have taken off.

Crypto tokens were trading with mixed cues on Wednesday. Tron rallied over 6 per cent, whereas Bitcoin and BNB gained 3 per cent each. Polkadot, Avalanche and Shiba Inu were among the top losers.



The global cryptocurrency market cap was trading higher at the $1.29 trillion mark, increasing more than 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 15 per cent to $71.64 billion.


Expert’s take


Somnium Space is developing a “live forever” mode, which would allow you to have your movements and conversations stored as data, said WazirX Trade Desk.

“This data would then be transferred to an avatar that moves, talks, and sounds just like you. This avatar can then continue to exist and interface with others long after you have died. This could be a step towards immortality,” it added.

Darshan Bathija, Co-Founder and CEO said that the crypto fear and greed index registered its second lowest level in the index’s history, over the past week.

“The bearish sentiment is likely to continue as long as BTC price levels don’t register uptrends above key price levels,” he added. “Over the past few days, altcoins underperformed BTC, indicating lower risk appetite levels amongst traders.”

Global updates

South Korea’s financial authorities are looking to introduce measures to hold crypto exchanges to greater scrutiny in the wake of Terra’s collapse, according to a report by The Korea Times.

After the death spiral of UST and LUNA wiped $40 billion from the books, many conference attendees were naturally preoccupied with where the contagion could spread, and who got rekt.

The World Economic Forum’s annual meeting formally kicked off in Davos, Switzerland. Cryptocurrency advocates opened the parties up on Sunday with bitcoin pizza stalls and blockchain pavilions with flashy banners lining the famed promenade.

Bitcoin (BTC) delivered its eighth straight week of losses for investors for the first time in its history amid weak macroeconomic sentiment, inflation concerns, systemic risk from within the crypto industry, and the lack of immediate catalysts that could drive upside growth.

Flowcarbon said it raised $70 million to develop a protocol that tokenizes carbon credits, with the aim of driving investment in projects that remove carbon dioxide from the atmosphere.

BuyUcoin cryptocurrency exchange
TRON rallies on reaching close to 100 million accounts. TRON (TRX), the 14th largest cryptocurrency by market cap is one of the few cryptocurrencies which has shown a strong upward trend in the past one week after a long spell of a downward trend.

Chart-Tron (2).ETMarkets.com

The main reason behind the TRX rally is key data released by TRON DAO which indicates a healthy and growing network. TRX has witnessed impressive gains of 5.08% in the last 24 hours and almost 16.5% a week before.

The key data shared by the network showed that the total number of transactions on TRON reached $3.21 billion while the transaction volume touched $9.2 billion. Adding to the optimism, Fireblocks, a platform to build digital asset businesses, has entered a partnership with TRON supporting its blockchain.


(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)


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Will Quitriam Finance (QTM) Outperform and Produce Greater Returns than Polkadot (DOT) and Binance Smart Chain (BNB)?

A great number of people have made monumental gains and have been able to achieve financial independence as a result of cryptocurrency, but as the market grows in popularity, it becomes more competitive and complex.

Over 17,000 different cryptocurrencies are now in use. In addition, market research and analysis can be time-consuming. Since their presale, Polkadot (DOT) and Binance Smart Chain (BNB) have achieved huge gains. But when is exactly the best moment to buy cryptocurrency? Presales are a great way to boost your profit margins. Quitriam Finance is currently running their presale, do they have the potential to outperform these industry leaders?

Polkadots (DOT)

Polkadot (DOT) is a blockchain connectivity protocol that allows value and data to be seamlessly exchanged between previously incompatible networks like Bitcoin and Ethereum.

The Polkadot protocol is meant to securely connect blockchains so that value or data can travel seamlessly between them without necessitating the need for a middleman. It is also meant to be fast and scalable, thanks largely to the usage of multiple parallel blockchains (parachains) that offload a lot of the processing load from the main blockchain.

The Polkadot token (DOT) has two main functions on the Polkadot network: One, it is a governance token that allows holders to have a vote on the future direction and plans of the protocol, and two, it is used for staking, which is how the Polkadot network verifies transactions and issues fresh DOT. Due to the various parachains handling a lot of the heavy lifting for the main relay chain, Polkadot is therefore able to process all of this data. As a result, the Polkadot network can handle over 1,000 transactions per second, as compared to approximately 7 for Bitcoin and 30 for Ethereum. Polkadot should become increasingly faster as the network expands and more parachains are added, potentially reaching a million transactions per second.

Binance Smart Chain (BNB)

Binance Smart Chain (BNB) is Binance’s cryptocurrency. The BNB token, which provides both a centralized and a decentralized exchange, is the Binance network’s principal utility coin.

Binance Exchange, which supports more than 1.4 million transactions per second, is the world’s largest cryptocurrency exchange as of June 2021. Initially, Binance currency started out as an ERC 20 token on the Ethereum blockchain, but it has since evolved into the Binance chain’s native coin. It was released in July 2017 as part of an initial coin offering (ICO) with a cap of 200 million Binance (BNB) tokens.

It is a launchpad platform with a number of extra features, such as the ability to farm and mine liquidity. Discounts, airdrops from projects on the Binance launchpad, and the chance to profit from Binance’s vault services are all available to BNB currency holders. To reduce the amount of tokens in circulation, Binance Smart Chain burns BNB on a regular basis. Binance Smart Chain is a deflationary token as a result of this.

Quitriam Finance (QTM)

Quitriam Finance (QTM) is a brand new cryptocurrency that is now in its pre-sale. Because of its creative principles, Quitriam Finance (QTM) has emerged as a strong contender for handling a variety of duties. They are working on an aggregator that will bring together a variety of crypto-related firms to create a more vibrant environment.

Quitriam Finance (QTM) is a multichain project that will allow users to use many blockchain technologies simultaneously. They would also be able to complete transactions faster than any other platform project (unichain).

This is a difficult time to shake the crypto world, especially with the recent crash in crypto prices. Values dropped drastically and a lot of people lost money in the crash. Thousands of coins have attempted but failed miserably.

Quitriam Finance (QTM), which strives to expand its community and improve human lives, has the potential to grow and become highly successful. But there is need to imbibe caution in the choice of crypto coins to invest in.

Click these links to learn more:

Presale: http://presale.quitriam.io/

Website:https://quitriam.io/

Instagram: https://www.instagram.com/quitriam_finance

Twitter: https://twitter.com/quitriamfinance

Telegram:https://t.me/QUITRIAMFINANCEOFFICIAL




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Bitcoin Price | Ethereum Price: Top cryptocurrency prices today: Bitcoin, Ethereum, XRP and BNB gain up to 5%

New Delhi: After a solid hammering, crypto tokens were back with decent gains on Friday amid volatility in the markets. However, behemoth tokens outperformed other altcoins. Barring the US dollar-pegged coins, all other tokens were trading with decent gains on Friday. BNB and XRP rose 5 per cent each, followed by a 4 per cent gain in Bitcoin and Ethereum.

The global cryptocurrency market cap was trading higher at the $1.28 trillion mark, jumping more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume added about a per cent to $82.39 billion.

Expert’s take
Edul Patel Co-Founder & CEO of Mudrex said Bitcoin, Ethereum, and most cryptocurrencies rose after witnessing a steep fall. Bitcoin is currently trading above the $30,000 mark as buyers reacted to the oversold conditions, he added.



Patel said that Bitcoin could face resistance above $33,000, while support lies at $27,000. The upward trend could be limited as momentum still appears to be negative on the charts.

Rising inflationary worries and concerns over global economic slowdown is weighing on the sentiments of riskier assets, including cryptos, said said Kunal Jagdale, Founder, BitsAir Exchange.

“Among the crypto markets, Bitcoin has been able to hover around the $30,000 level, surpassing the pessimism. Whether it can continue to swim against the sentiment tide, time will tell,” he added.

Global updates
Tether, the world’s largest stablecoin, said on Thursday it has boosted its holdings of U.S. government debt while cutting exposure to riskier assets, the first look at its reserves since the token was rocked by the crypto sector’s recent sell-off.

Terraform Labs founder Do Kwon on Wednesday morning announced an on-chain governance proposal even as results from a preliminary online poll on a hard fork plan found minimal backing among community members.

Nomura’s new digital-asset subsidiary, announced earlier this week in a move that potentially catapults the Japanese investment bank ahead of US and European rivals, will start by focusing on cryptocurrencies, the unit’s newly appointed CEO Jez Mohideen said.

Blockchain gaming company Azra Games has raised $15 million in a seed funding round led by Andreessen Horowitz, the venture capital firm that is also known as a16z.

The capital will help fund Azra’s first game, a science fiction/fantasy collectibles and mass combat role-playing game code-named Project Arcanas.



Tech view by BuyUcoin cryptocurrency exchange
Kusama rallied on unlock announcement. Kusama (KSM), the native token of Kusama Network, surged by almost 12% after the news broke on the internet that 1.1 million KSM tokens are unlocked by its parent network. The increased supply of the token sparked a massive buying from the investors which resulted in KSM’s best rally in recent times.

Two years ago, KSM was trading at less than a dollar and today its price is hovering around $80, this data suggests that early investors of KSM are sitting on massive gains at the moment.

Kusama is a part of a larger polka dot unit and a lot of projects are using it for live testing of their applications. The future of KSM looks promising and its future success will depend on macroeconomic factors surrounding the financial markets.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)


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cryptocurrency prices today: Top cryptocurrency prices today: Bitcoin, Ethereum, BNB, Shiba Inu drop up to 6%

New Delhi: Crypto markets could not hold gains on Friday as Ukraine and Russia crisis along with the inflationary concerns hurt the sentiments.

The euphoria of Biden’s signature over the executive order fizzled after inflation in the world’s largest economy shot up to new four decade highs.

Barring the dollar-pegged Tether and Avalanche, all of the top digital tokens were trading lower on Friday. Bitcoin and BNB fell 6 per cent each, followed by a 5 per cent fall in Ethereum, Shiba Inu and Cardano each.



The global cryptocurrency market cap today tumbled down to $1.72 trillion, shedding almost 5 per cent in the last 24 hours. Total cryptocurrency trading volume dropped as much as 9 per cent to $88.94 billion.

What’s cooking in India
India, one of the world’s biggest crypto markets by trading volume and users, has seen an exodus of funds from foreign investors.

Expert Take
According to market cap, the top cryptocurrencies are also running in the red over the past day, said Edul Patel, CEO and Co-founder of Mudrex

“The situation is due to the ongoing war crisis between Russia and Ukraine affecting the economy, hiking the inflation rates. We could see a lot of high volatility in the crypto market this month due to the war tension,” he added.

Crypto space is showing signs of maturity as the markets are moving in tandem with the global macroeconomic environment, said Kunal Jagdale, Founder, BitsAir Exchange.

“Regulatory buzz, legitimacy and movement according to events are a big booster for the sector, which can not be ignored,” he added. “If the inflation remains elevated, we might see more interest from the institutions. Markets, on the other hand, continued to remain volatile and investors should not jump to take any leverage positions. ”

Global
updates

  • New York-based cryptocurrency trading and custody platform Paxos has received a license from the Monetary Authority of Singapore (MAS), making the firm the first crypto player to snag regulatory approval in both New York and Singapore.

  • Crypto exchange FTX has picked payment infrastructure company Stripe to build onboarding and identify verification features.

  • Also, the HBAR Foundation, which drives the development of the Hedera network by providing grants and resources to developers, launched a $100 million fund for sustainable ventures.

  • In other news, JustCarbon and Likvidi both announced the start of trading platforms for tokenized carbon credits, giving participants the ability to trade greenhouse-gas emissions and lower their carbon footprints.

Tech View from Sahicoin
BTC has been sideways for a month without having a major breakout. It has twice tested the level around $34200-34400, which is a strong demand zone and $45500-45800 level which is a strong supply zone.

We can observe a trendline on a daily timeframe and fibonacci retracement too shows a 61.8% support level at $37900 which indicates that we can expect a short term bounce that can retest the supply zone. It will be interesting to observe the next couple of weeks in anticipation of a major breakout, till then traders will enjoy short term trading opportunities.

Market sentiments have been neutral, the Ukraine-Russia war had an impact on BTC prices. However, a recent executive order by president Joe Biden has given hope to cryptocurrency investors and we may see a good recovery in the market.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)


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cryptocurrency prices today: Top cryptocurrency prices today: Bitcoin, Ethereum, BNB, Shiba Inu drop up to 6%

New Delhi: Crypto markets could not hold gains on Friday as Ukraine and Russia crisis along with the inflationary concerns hurt the sentiments.

The euphoria of Biden’s signature over the executive order fizzled after inflation in the world’s largest economy shot up to new four decade highs.

Barring the dollar-pegged Tether and Avalanche, all of the top digital tokens were trading lower on Friday. Bitcoin and BNB fell 6 per cent each, followed by a 5 per cent fall in Ethereum, Shiba Inu and Cardano each.



The global cryptocurrency market cap today tumbled down to $1.72 trillion, shedding almost 5 per cent in the last 24 hours. Total cryptocurrency trading volume dropped as much as 9 per cent to $88.94 billion.

What’s cooking in India
India, one of the world’s biggest crypto markets by trading volume and users, has seen an exodus of funds from foreign investors.

Expert Take
According to market cap, the top cryptocurrencies are also running in the red over the past day, said Edul Patel, CEO and Co-founder of Mudrex

“The situation is due to the ongoing war crisis between Russia and Ukraine affecting the economy, hiking the inflation rates. We could see a lot of high volatility in the crypto market this month due to the war tension,” he added.

Crypto space is showing signs of maturity as the markets are moving in tandem with the global macroeconomic environment, said Kunal Jagdale, Founder, BitsAir Exchange.

“Regulatory buzz, legitimacy and movement according to events are a big booster for the sector, which can not be ignored,” he added. “If the inflation remains elevated, we might see more interest from the institutions. Markets, on the other hand, continued to remain volatile and investors should not jump to take any leverage positions. ”

Global
updates

  • New York-based cryptocurrency trading and custody platform Paxos has received a license from the Monetary Authority of Singapore (MAS), making the firm the first crypto player to snag regulatory approval in both New York and Singapore.

  • Crypto exchange FTX has picked payment infrastructure company Stripe to build onboarding and identify verification features.

  • Also, the HBAR Foundation, which drives the development of the Hedera network by providing grants and resources to developers, launched a $100 million fund for sustainable ventures.

  • In other news, JustCarbon and Likvidi both announced the start of trading platforms for tokenized carbon credits, giving participants the ability to trade greenhouse-gas emissions and lower their carbon footprints.

Tech View from Sahicoin
BTC has been sideways for a month without having a major breakout. It has twice tested the level around $34200-34400, which is a strong demand zone and $45500-45800 level which is a strong supply zone.

We can observe a trendline on a daily timeframe and fibonacci retracement too shows a 61.8% support level at $37900 which indicates that we can expect a short term bounce that can retest the supply zone. It will be interesting to observe the next couple of weeks in anticipation of a major breakout, till then traders will enjoy short term trading opportunities.

Market sentiments have been neutral, the Ukraine-Russia war had an impact on BTC prices. However, a recent executive order by president Joe Biden has given hope to cryptocurrency investors and we may see a good recovery in the market.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)


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Top cryptocurrency prices today: Bitcoin gets breather; BNB, Polkadot zoom up to 7%

New Delhi: The cryptocurrency market got a breather on Wednesday as major tokens got their mojo back. Federal Reserve chair Jerome Powell did not surprise traders in his testimony, which led to a relief rally in the crypto market.

Barring Bitcoin and the dollar-pegged USD Coin, all other nine out of top 10 digital tokens were trading higher at 8.30 am IST. BNB rose 7 per cent and Polkadot zoomed 6 per cent, whereas XRP and Cardano added 4 per cent each.

The global crypto market cap was up by almost 3 per cent to $2.01 trillion mark compared to the last day. However, the total crypto market volume dropped over 13 per cent to $88.53 billion.



Bitcoin led a broad crypto recovery ahead of the US CPI release. Bitcoin and the broader crypto market have behaved strongly like a risk asset recently.

What’s cooking in India?
The government has sought opinion from senior tax advisors on whether the income earned from trading or investing in cryptocurrencies could be treated as business income as against capital gains from this year onwards, ET reported.

The move could substantially increase the tax burden of crypto investors. The government is looking to fine-tune the definition of income and gains specifically for crypto assets in the upcoming budget.

Expert’s take
Buyers rushed in to take advantage of Bitcoin’s drop below $39,650, but there are indicators that the market-wide slump isn’t done yet, said WazirX Trade Desk.

“Bitcoin fell below $40,000 for the first time since September 2021. The crypto markets weren’t the only ones to see heavy selling as traders decided to decrease risk by piling into the 10-year Treasury yield,” it added.

Quant researcher Benjamin Cowen gave investors some comfort when he claimed that levels of ‘severe fear’ on the Crypto Fear & Greed Index had only happened four times since 2018, with positive reversals.

“This means that the bull and bear market have an elastic effect, the more rigorously the market goes down the more aggressively it comes back up giving remarkable returns. We should see a huge correction in the market very soon,” it added further.

Global updates
Major US crypto exchange Coinbase will be giving its employees one week off each quarter in 2022 to recharge after ‘long days and long weeks’ of intense work.

Employees from Microsoft and Apple are jumping ship to join Meta Platforms as the company sets its sights on creating the Metaverse.

Brokerage firm eToro introduced MetaverseLife, a new smart portfolio covering stocks and crypto-assets from within the growing metaverse industry. It stated that its goal is to offer a wide range of investments made for a long-term view.

Tech View from BuyUcoin
Bitcoin was below the $40,000 support level, reaching almost near to its Death Cross. Bulls still hold power and have pushed Bitcoin above $42,000. It is still in a downtrend, below the $45,000 resistance level.

BTC needs a little bit more recovery as RSI is still below 50, indicating that it is oversold. If Bitcoin missteps then a setback can be seen near the $38,000 – $36,000 zone.

btcAgencies

If bulls try to make an upside move, then the price may soar to around the $45000 level.


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