Shaun khot
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Shaun khot
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Can Trump Nationalize BITCOIN ? Here's What Crypto Pros says.
Several bitcoin mining executives late Tuesday met with former President Donald Trump, according to various online posts. Trump commented on social media Tuesday night that he wants the remaining bitcoin to be made in the U.S.
“Bitcoin mining may be our last line of defense against a CBDC [Central Bank Digital Currency]," Trump wrote online after the event. "Biden's hatred of bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining bitcoin to be MADE IN THE USA!!! It will help ups (sic) be ENERGY DOMINANT!!!"
Bitcoin Price
Bitcoin traded around $68,000 Wednesday after spiking in the morning on the cooler-than-expected CPI inflation report. BTC traded around $67,750 prior to the release, rising slightly from Tuesday's lows near $66,177. Tuesday's slide marked bitcoin's first fall below $67,000 in June and its lowest level since mid-May.
Still, bitcoin rallied nearly 62% so far this year.
Spot bitcoin ETFs, including the iShares Bitcoin Trust (IBIT) and ARK 21Shares Bitcoin ETF (ARKB), collectively pared gains, rising a fraction Wednesday. The ETFs swung about 3% higher in early trade.
Coinbase (COIN) jumped 4.4% Wednesday. COIN stock is trading in a cup base with a 283.48 buy point.
Marathon Digital stock climbed 2.4%. Fellow bitcoin miner stocks RIOT jumped 6.5% while CLSK shares spiked 8.2%.
Information from:
Investors business daily.
$BTC
Several bitcoin mining executives late Tuesday met with former President Donald Trump, according to various online posts. Trump commented on social media Tuesday night that he wants the remaining bitcoin to be made in the U.S.
“Bitcoin mining may be our last line of defense against a CBDC [Central Bank Digital Currency]," Trump wrote online after the event. "Biden's hatred of bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining bitcoin to be MADE IN THE USA!!! It will help ups (sic) be ENERGY DOMINANT!!!"
Bitcoin Price
Bitcoin traded around $68,000 Wednesday after spiking in the morning on the cooler-than-expected CPI inflation report. BTC traded around $67,750 prior to the release, rising slightly from Tuesday's lows near $66,177. Tuesday's slide marked bitcoin's first fall below $67,000 in June and its lowest level since mid-May.
Still, bitcoin rallied nearly 62% so far this year.
Spot bitcoin ETFs, including the iShares Bitcoin Trust (IBIT) and ARK 21Shares Bitcoin ETF (ARKB), collectively pared gains, rising a fraction Wednesday. The ETFs swung about 3% higher in early trade.
Coinbase (COIN) jumped 4.4% Wednesday. COIN stock is trading in a cup base with a 283.48 buy point.
Marathon Digital stock climbed 2.4%. Fellow bitcoin miner stocks RIOT jumped 6.5% while CLSK shares spiked 8.2%.
Information from:
Investors business daily.
$BTC
BITCOIN POTENTIAL TO $85k 📈📉
Bitcoin Wyckoff Pattern Points to Potential $85K Price Target, But a Crucial Weekly Close is Needed. $BTC
Bitcoin (BTC) looks poised to reach a new all-time high if the crypto leader can close the week above a key level.
According to a key technical chart pattern “Wyckoff,” Bitcoin could rally to a new all-time high of $85,000 if it can close the week above $71,300. Notably, the Wyckoff pattern is named after Richard Wyckoff, a technical analysis pioneer in the first half who broke down the market cycle into four distinct phases.
This pattern was highlighted by crypto analyst Mikybull who explained the current market cycle. “Bitcoin Wyckoff’s playbook is still in play. SOS will soon bring it to $85k,” noted the analyst. Confirming this outlook, crypto analyst Rekt Capital, in a YouTube video stated that to confirm more upward momentum, BTC needed to close above 71,300.
Information: crypto adventure
Bitcoin Wyckoff Pattern Points to Potential $85K Price Target, But a Crucial Weekly Close is Needed. $BTC
Bitcoin (BTC) looks poised to reach a new all-time high if the crypto leader can close the week above a key level.
According to a key technical chart pattern “Wyckoff,” Bitcoin could rally to a new all-time high of $85,000 if it can close the week above $71,300. Notably, the Wyckoff pattern is named after Richard Wyckoff, a technical analysis pioneer in the first half who broke down the market cycle into four distinct phases.
This pattern was highlighted by crypto analyst Mikybull who explained the current market cycle. “Bitcoin Wyckoff’s playbook is still in play. SOS will soon bring it to $85k,” noted the analyst. Confirming this outlook, crypto analyst Rekt Capital, in a YouTube video stated that to confirm more upward momentum, BTC needed to close above 71,300.
Information: crypto adventure
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