bullish

Bitcoin

Daily

<ul> 
 <li>Bitcoin price showed a 4.41% decline in the last 24 hours amid the US Authorities BTC movements.&nbsp;&nbsp;</li> 
 <li>The token showed a 82.86% surge in daily trading volume according to CMC data.</li> 
</ul> 
The US Authorities sparked attention by transferring Bitcoin worth over $2 billion in the last 24 hours. The tokens were seized from a dark web marketplace, the Silk Road. Meanwhile, the Bitcoin price witnessed a slight dip in the past day, sliding back to the $66K level. The overall crypto market also mirrored the largest cryptocurrency by showing a 2.80% decline.&nbsp; 
According to CMC <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">data</a>, Bitcoin exhibited a 4.41% decline in market price over the last 24 hours. At the beginning of July 29, BTC was trading at a high of $69,769 before downward movements were initiated. As the token sparked bearish candles prices slid down to current trading levels. At the time of writing, the token was trading at $66,639.&nbsp; 
Zooming out over the past month, Bitcoin’s price exhibits a performance of 9.37% increase. Notably, the token witnessed several bull-bear combats and crucial incidents during the course of the last 30 days. At the beginning of July, BTC was confronting a consolidation phase between the ranges of&nbsp; $61K to $63K.&nbsp; 
Moreover, the month witnessed two whale movements by prominent personalities. Firstly, the <a href="https://thenewscrypto.com/has-the-german-government-ended-its-bitcoin-selling-spree/" target="_blank" rel="noreferrer noopener">German government</a> initiated a major BTC sell-off consisting of 50,000 tokens being sold during the span of three weeks. Secondly, US-based exchange <a href="https://thenewscrypto.com/defunct-crypto-exchange-mt-gox-transfers-47500-bitcoin-worth-3-2b/" target="_blank" rel="noreferrer noopener">Mt.Gox</a> began transferring Bitcoin tokens to creditors who suffered losses during the exchange’s hack, a decade ago.&nbsp; 
<h3 class="wp-block-heading" id="h-bitcoin-price-weekly-overview-nbsp">Bitcoin Price Weekly Overview&nbsp;</h3> 
In the last seven days, Bitcoin has exhibited mixed signals as bulls and bears attempted to take over the price. Presently, the token shows a weekly performance of 1.25% decline influenced by the recent price dip. However, the market sentiment leans towards a buying stage as indicated by the RSI standing at 57.55 according to TradingView <a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">data</a>.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfBBnhMN6KTFuF6vnNqxUIbXiDefa9bZr0eBOm7m_w2t1qNsXc4RxCkCFHBHQmUWBtC_1SDLK6BmUQW06WlJQJWNQRzyHKwuALA0X77jgVv1XZd7t5OwsLf0mkn9rAAc3iDUS43aCfD12ASaL1JS2yClN0?key=zEMGNeHjIAiodADaD-mrNg" alt="">
 <figcaption class="wp-element-caption">
 BTC/USD Daily Price Chart (Source: <a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
Furthermore, its short-term 9-day MA stands above the long-term 21-day MA highlighting the token’s bullish trajectory. Notably, in the past week, the token witnessed a bullish trend fueling prices to inch closer to the $70K level. Bitcoin hit a weekly high of $69,987 on July 29, after which the current dip occurred.&nbsp; 
Additionally, according to market analysts, Bitcoin is anticipating bullish price breakouts in the coming months. TheNewsCrypto analysts have predicted a bullish price of $81,013.11 for Bitcoin in 2024.&nbsp; 
Highlighted Crypto News Today:&nbsp; 
<a href="https://thenewscrypto.com/artists-file-lawsuit-against-sec-over-uncertain-nft-regulations/" target="_blank" rel="noreferrer noopener">Artists File Lawsuit Against SEC Over Uncertain NFT Regulations</a>

Bitcoin Price Shows Mixed Signals Amid US Authorities BTC Moves

Table of Contents

TheNewsCrypto

Autres articles publiés le 30 juil. 2024

‘Tone deaf’ — US moves $2B Silk Road BTC after Trump’s stockpile pledge

Is Pepe Coin Ready for a 40% Climb to ATH? Reversal Pattern Offers Insights

HashKey Global Introduces New Perpetual Futures Contracts for Solana, Dogecoin, and Avalanche

Bitcoin Miners Recover as Market Stabilizes, Achieving Net Accumulation of 7,000 BTC

Russia Greenlights Crypto For Cross-Border Payments, Tightens Mining Rules

Hamilton Lane With $900B AUM Unveils SCOPE Fund on Solana

Join our free newsletter for daily crypto updates!