Bitcoin price is up today, but the bull’s ability to hold the 200-day SMA support could determine where BTC goes next.
Author: Crypto 30s
Bitcoin analysts have become optimistic about the asset’s price amid its surge beyond $64,000, with some believing the “summer lull is behind us.”
According to CoinShares, last week’s increase in crypto investment products was influenced by the upcoming US elections rather than monetary policy outlooks.
The liquidity management app’s team had previously stated that some strategies would be “delisted,” but the new deposit block affects all strategies.
Despite the concerns, the SUI token staged an over 120% rally in the past month.
User acquisition remains a challenge for Web3 brands. This platform helps brands attract users with engaging tasks.
Decentralized prediction markets could offer more accurate predictions for the US elections than traditional polling systems, according to Elon Musk.
Bitcoin starts the week with a push toward BTC price resistance as $65,000 becomes the key level to flip.
Samara Asset Group CEO Patrick Lowry said “it would be a dream” to stack as much Bitcoin as MicroStrategy co-founder Michael Saylor.
MicroStrategy stock trades at a premium to its Bitcoin holdings mainly due to its leveraged strategy and cash flows from its software business.