Bitcoin rate again marks the psychological level of $ 12,000
The main cryptocurrency is again marking time near the intermediate resistance of $ 11 800
The recent collapse of the bitcoin rate could not spoil the mood of market participants
Open interest in bitcoin futures hits all-time high
International consortium of news organizations developing transparency standards.
Bitcoin continues to climb alongside altcoins and looks to be preparing for yet another attempt to break the coveted $ 12,000 level.
Bitcoin (BTC) rose noticeably in trading on August 5, rising from $ 11,090 to $ 11,731, having rolled back slightly below $ 11,700 by the close. Today, the main cryptocurrency is again marking time near the intermediate resistance of $ 11,800, a breakout of which will clear the way to $ 12,000. Earlier, BTC received support around $ 11,500.
Yesterday’s gain of over 6% was a significant push for the coin as quotes returned outside the $ 11,500 level that has held back bulls since the start of the week..
On the 4-hour charts, the price has settled above the 50-SMA, however, for a more confident positive picture, a breakdown of the $ 11 800 resistance mentioned above is required.
The recent collapse of the bitcoin rate, which occurred on August 2, could not spoil the mood of market participants, which is confirmed by the current dynamics of the number one cryptocurrency. Despite an uneven correction, quotes continue to head north, recovering from aggressive sales, during which BTC plummeted by $ 1,500 in a matter of minutes.
At the same time, in early August, open interest in bitcoin futures on major trading floors renewed its all-time high of $ 5.6 billion, breaking the previous record of $ 5.36 billion recorded in February. All this speaks of the growing interest of investors in cryptocurrency and derivatives..
While Bitcoin consolidated at the start of the week, many altcoins gained weight well, and a few coins showed double-digit gains as BTC returned to the $ 11,750 area. For example, Zcash gained almost 8% and Band Protocol jumped more than 39%. The Bitcoin dominance index is currently at around 61%, and the capitalization of the cryptocurrency market is slightly below $ 350 billion.
All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..
Crypto investor predicts bitcoin price at $ 50,000 CONTENT Bitcoin will reach $ 50,000 soon Together with the main…
Bitcoin plummeted to $ 9,300 in just 5 minutes. CONTENT Bitcoin plummeted by nearly 9% in minutes. On BitMEX, the price was sold up to…
MicroStrategy reported on the purchase of bitcoin for $ 650 million CONTENTS MicroStrategy bought bitcoin for another $ 650 million Average price for the purchase of one…
Bitcoin has marked a rising high and headed for $ 8000. CONTENTS Bitcoin is trading within an upward channel. The nearest resistance is located at…
The attack on Twitter is not directed against bitcoin CONTENTS Twitter hacking will not affect the crypto market in any way Donald Trump is not connected with the hacking of the Exchange social network…