Auto Added by WPeMatico
Bitcoin has lost the $50,000 level but derivatives data lays out a few good reasons why bulls might march on the resistance level ahead of Friday’s $2 billion BTC options…
Bitcoin correcting after a big announcement of Michael Saylor and facing crucial resistance at $51K.
MicroStrategy’s Bitcoin holdings are now worth more than $5.3 billion at the current BTC price.
Bitcoin is “back in bull market territory” but traders warn that a retest of underlying support levels is bound to occur soon.
GNO, WAX and IOST lead altcoins higher as Bitcoin’s rally to $50,000 signals that the bull market is back on track.
Since plunging to the $29,000 range in late June, Bitcoin’s price has recovered more than 72%.
As Bitcoin garners more mainstream attention, crypto-centric startups are also scoring funding from VC firms to become crypto unicorns.
Jayson Stewart hinted Cool Valley residents could be required to HODL the funds for five years.
Bitcoin price reliably bounced off the 20-day moving average, which catalyzed an explosive rally from VGX, CHSB and EWT.
The benchmark cryptocurrency retreated alongside risk-on markets as investors shifted their exposure to the U.S. dollar.