Bitcoin And Altcoins Show Strength, But US Macro, Iran War...
Bitcoin and altcoins rally toward critical resistance levels despite investors’ concern over a weakening US economy and soaring oil prices.
Bitcoin and altcoins rally toward critical resistance levels despite investors’ concern over a weakening US economy and soaring oil prices.
The Bitcoin community reacts to reports that the Iranian government is now accepting Bitcoin for tolls from oil tankers passing through the Strait of Hormuz.
France urges stronger MiCA rules to curb USD stablecoin risks as lawmakers move to mandate reporting of self-custody crypto holdings above 5,000 euros.
Although Tether has previously made statements regarding its reserves, it reported the accounting firm will conduct a ”full independent financial statement audit.”
FSB said that US dollar-denominated stablecoins pose financial stability risks and the potential of external macro shocks for emerging economies.
Bitcoin and altcoins are nearly 20% up from their February sell-off lows. Are bulls taking control of the crypto market?
Bitcoin and altcoins rallied toward their respective range highs as investors piled into crypto despite the war in Iran and record-high oil prices.
Markets turned green on Monday, and technical charts hint that a break above longer-term overhead resistance levels could kickstart a strong bull trend.
US trade policy and stock market weakness spilt over to crypto markets, where Bitcoin and altcoins are at risk of falling to new year-to-date lows.
Technical charts suggest Bitcoin bulls must hold BTC price above $70,000 to avoid a pattern confirmation to new lows under $60,000. Will altcoins also hold up?
Negative investor sentiment and the risk of selling near the range highs may continue to put pressure on Bitcoin and altcoins, invalidating the view that the market bottom is in.
Bitcoin bounced off the critical $74,500 level, and ETH followed, but data fails to confirm whether a market bottom is in.
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