Bitcoin

<ul><li>Bitcoin&#39;s resilience is evident as it absorbs asks in the $36K zone, hinting at a strong market base.</li><li>The slight dip in funding rates suggests the recent OI hike may not just be from new longs entering the market.</li><li>Bitcoin at a pivotal point with potential triple bearish divergence looming; market direction hangs in balance.</li></ul>The cryptocurrency market has once again showcased its dynamic nature, with<a href="https://cryptotale.org/?s&#61;Bitcoin" rel="noopener noreferrer nofollow"> Bitcoin </a>(BTC) taking center stage in the recent trading frenzy. Amidst the market&#39;s constant ebb and flow, BTC has demonstrated remarkable resilience, with significant passive asks being absorbed in the $36,000 range.Consequently, the price of Bitcoin has seen a notable increase to <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">$36,590.41 </a>currently. This uptick is not a standalone event but rather a part of a 3.73% increase over the past week, pushing the market capitalization to a staggering $714.87 billion.As highlighted by CrediBULL Crypto, an analytic platform, the market&#39;s mechanics have been particularly intriguing. Open interest (OI) has held high despite the pressures, and a consistent bid from Coinbase has underpinned the asset&#39;s climb.Read full article <a href="https://cryptotale.org/coinbase-bid-influences-bitcoins-market-strength-report/" rel="noopener noreferrer nofollow">at CryptoTale.</a>

Coinbase Bid Influences Bitcoin's Market Strength: Report

CryptoTale

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