Analysts see the possibility of further selling pressure despite short-term relief.
A strangle is essentially a bet that bitcoin’s price won’t break out anytime soon.
Reflation bets are those that benefit from a pickup in economic growth and inflation.
Upside appears to be limited.
The daily chart for bitcoin shows prices have been caught between $36,000 and $31,000 since at least June 21.
The poll, which took the results from 1,233 people between July 1 and July 4, also showed 46% knew "nothing" about bitcoin.
OBTC is filing to become an SEC reporting company in a move that could put it on par with Grayscale's offering.
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
First Midwest Bank Trust Division has $14 billion of assets under management and is the third-largest independent Illinois-headquartered bank.
Progressives should step outside of their comfort zone and explore the possibilities offered by this new technology, says a progressive.
Sellers are in control after bitcoin broke below a series of higher price lows from the June 22 shakeout around $29,000.
Several other risks in the crypto markets were identified by the union's members including shallow liquidity and a lack of legal parameters.
The agency has extended its initial 45-day review period.
Alexander Hoeptner says "discussions need to be had" with regulators.
Ether is attempting to break above the 50-day moving average for the first time since March.