Bitcoin buyers respond to oversold conditions.
Bitcoin broke below $30K. Some analysts see value opportunities while others expect further downside.
If $30,000 is broken, the next level of support is seen around $27,000.
Plus: Correcting misconceptions about institutional interest in crypto, and why Circle going public may bring greater regulatory clarity in the U.S. for stablecoins.
Crypto analysts are looking at the FOX token's price gain and asking whether it's the latest promotion or the start of a new trend.
A U.S. judge ordered William H. Hinman, the former chief of the commission's corporate finance division, to sit for questioning.
Customs authorities say the alleged money laundering syndicate charged criminal clients a commission of 3% to 5%.
Fink said he has been asked about crypto and bitcoin in the past, but not in the last two weeks.
The High Court of Delhi is seeking responses and has scheduled the matter for discussion in August.
Analysts see the possibility of further selling pressure despite short-term relief.
Upside appears to be limited.
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
There’s a troubling cultural trend around cryptocurrency, one that encourages retail investors to “ape into” the market in search of riches.
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.