Bitcoin (BTC) buyers remained active over the weekend, although upside was limited around the $60,000 resistance level. The cryptocurrency continues to consolidate with pullbacks limited toward $53,000 support.Intraday chart signals are neutral, suggesting the current loss of momentum could continue into the Asian trading session. Buyers will need to defend immediate support … [Read more...] about Bitcoin Struggles at $60K Resistance; Support Above $53K
Struggles
Kazakhstan struggles to accommodate new Bitcoin miners amid energy crisis
Following a harsh clampdown imposed by China on Bitcoin-related transactions, the exiled miners from China found refuge in Kazakhstan to mine Bitcoin without excessive government intervention. The country’s cheap electricity supply has made Kazakhstan a popular choice for miners to mine Bitcoin, however, the recent development has propelled the country to reconsider its newly … [Read more...] about Kazakhstan struggles to accommodate new Bitcoin miners amid energy crisis
Amazon rumored to be accepting Bitcoin, MicoStrategy pledges to buy more BTC, Bitcoin struggles at $40K: Hodler’s Digest, July 25-31
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week Amazon plans to accept Bitcoin payments this year, claims insiderThe crypto community was going … [Read more...] about Amazon rumored to be accepting Bitcoin, MicoStrategy pledges to buy more BTC, Bitcoin struggles at $40K: Hodler’s Digest, July 25-31
Institutional demand for Bitcoin evaporates as BTC struggles below $31K
The rocky road that Bitcoin (BTC) has been on for the past two months continues as a widely predicted move downward materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro and TradingView shows that a wave of mid-day selling pushed the price of BTC to a low of $30,400 before bulls arrived to provide support and … [Read more...] about Institutional demand for Bitcoin evaporates as BTC struggles below $31K
Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000
Price action for Bitcoin (BTC) and the wider cryptocurrency market was relatively subdued on May 27 as nervous traders remain unsure of what comes next following last week’s market plunge that saw leveraged traders wiped out as BTC dipped as low as $30,000 before its price rebounded. Data from Cointelegraph Markets Pro and TradingView shows that while Bitcoin's price has … [Read more...] about Market enters a ‘wait-and-see phase’ as Bitcoin struggles below $40,000