Bitcoin is mimicking the price action witnessed in early April, which indicates the corrective rally could gather pace in the next few days.
Bitcoin’s corrective rally from the recent low of $5,859 would resume on bull pennant breakout.
The technical charts continue to call a rally to $7K despite bitcoin showing signs of exhaustion around $6,500.
The legal woes of biotech company-turned-crypto miner Riot Blockchain don’t appear to be slowing down.
Prime Trust, a Nevada trust company, says it can handle custody for bitcoin, ether and any token issued on ethereum under the ERC-20 standard.
While the market didn’t like the SEC’s bitcoin ETF delay decision, observers on social media weren’t surprised at all.
Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization.
Bitcoin’s price rose above $6,500 today, offering some respite for the badly battered bulls.
Cryptocurrency investors continue to turn risk averse as the total cryptocurrency market capitalization sinks to a new annual low.
The U.S. SEC has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month.