Digital assets like livepeer, helium and bittorent have soared in value this year despite the recent slump in cryptocurrencies.
Bulls returned to defend short-term support in bitcoin and ether.
Bitcoin buyers could maintain support above $36K.
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Enactment of the bill, if it is passed and signed into law, is still far off.
Bitcoin is under pressure, although buyers could return for a brief bounce.
Put-call open interest ratio measures the number of open positions in put options relative to calls.
The weekly chart is holding support and could signal a return of positive momentum this month.
Investors are again HODLing for the long-term, taking liquidity out of the market.
The pullback from Saturday's top to current prices is likely to do with uncertainty around the U.S. infrastructure bill, one expert said.
Cash App's bitcoin gross profit rose to $55 million, Square said in its second-quarter letter to shareholders.
The credit-focused firm also considering hiring experts in cryptocurrency investments, the report said.
Stiff price resistance is still seen in the low $40,000 range, but analysts are wondering aloud if the worst of the recent bear market might have passed.
Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.
Michael Saylor defended his company’s debt-fueled, bitcoin buying spree over the last year by saying it continued to be a great investment.