Bitcoin (BTC) failed to hold short-term support at $40,000 as sellers maintained the two-month long downtrend.Intraday oversold signals were not enough to sustain bids, which means longer-term indicators are more reliable to determine bitcoin’s price direction.BTC was trading around $38,000 at press time and is down about 10% over the past 24 hours.The slowdown in upside … [Read more...] about Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
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BlockFills raises $37 million to support global expansion
BlockFills, a digital asset electronic market making, trading and prime brokerage, has announced the completion of a $37 million Series A funding round.Institutional investors, including Susquehanna Private Equity Investments LLLP, CME Ventures, Simplex Ventures, C6 Ventures, and Nexo Inc., led the round. Since its inception in 2018, the firm has received a total of $44 million … [Read more...] about BlockFills raises $37 million to support global expansion
Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K
Bitcoin (BTC) continues to hold support above $40,000 as momentum improves on intraday charts.The cryptocurrency is down about 4% over the past week, although multiple oversold readings suggest buyers could remain active into the Asia trading day. As of press time Wednesday, bitcoin was changing hands at $41,822.Still, upside appears to be limited toward the $43,000-$45,000 … [Read more...] about Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K
Bitcoin Stalls Near Resistance; Support Around $40K-$42K
The relative strength index (RSI) on the four-hour chart declined near overbought levels, similar to what occurred in late December, which preceded a pullback in price. Buyers will likely remain on the sidelines until oversold conditions materialize, most likely over the next few days. Source link … [Read more...] about Bitcoin Stalls Near Resistance; Support Around $40K-$42K
Bitcoin Holding Support Above $42K; Resistance at $45K-$47K
Bitcoin (BTC) buyers are attempting to reverse a two month-long downtrend. The cryptocurrency declined by roughly 30% from an all-time high near $69,000 in November, and now technical indicators suggest the sell-off is starting to stabilize.BTC was trading around $43,000 at the time of writing, and is up about 3% over the past week.Support is seen around the $40,000 price … [Read more...] about Bitcoin Holding Support Above $42K; Resistance at $45K-$47K