Tag: 31K

LTC, XMR, AAVE and MKR turn bullish as Bitcoin stalls under $31K

coiner

Bitcoin (BTC) has been trading in a narrow range for the past few days, but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows. As the second half of the year begins, the central question on every investor’s mind is: Will the rally continue? CoinGlass data shows that July has seen only three negative monthly closes since 2013, with the most significant decline being 9.69% in…

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‘$31K was not the end’ — 5 things to know in Bitcoin this week

coiner

Bitcoin (BTC) starts the second week of June in familiar territory, but a breakout is coming, investors say. After a calm weekly close, BTC/USD is firmly in its established trading range, while under the hood, market participants are preparing for some dramatic shifts. It has been a long time coming, and for seasoned traders, the signs are increasingly pointing to volatility making a comeback. There is little by way of macroeconomic triggers due this week, making the focus shift elsewhere for cues as to what BTC price action might do…

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