Fun

News Feed - 2023-06-30 05:06:12

William Suberg42 minutes agoBitcoin price briefly clears $31K as monthly, quarterly close nearsBitcoin tries to cement higher support as an important day for markets arrives.318 Total viewsListen to article 0:00Market UpdateJoin us on social networksBitcoin (BTC) spiked through $31,000 on June 30 as a nearly $6 billion open interest expiry loomed.BTC/USD 1-hour chart. Source: TradingViewOptions expiry precedes day of BTC price triggers


Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $31,268 on Bitstamp before returning lower.


BTC price performance improved into a key quarterly options expiry event, the second largest in Bitcoin’s history, with analysts keen to see its effect on markets.


“Will be interesting to see how much is rolled over to future expirations and whether that OI is call or put dominant --> as that will impact how dealers hedge (buy or sell BTC),” financial commentator Tedtalksmacro wrote in part of associated commentary.


June 30 represents a key date for BTC traders all around, with the options expiry forming just one in a series of key events.


Macroeconomic data from the United States in the form of the Personal Consumption Expenditures (PCE) print is also due, leading up to the monthly and quarterly candle closes.


For popular trader and analyst Rekt Capital, a close above $29,255 would confirm a breakout on monthly timeframes.#BTC is positioning itself for a Monthly Close above a resistance that had rejected price for the past three months

And now $BTC is holding comfortably above that same level (black)#Crypto #bitcoin pic.twitter.com/b42XYWfcLi— Rekt Capital (@rektcapital) June 29, 2023


Likewise, quarterly resistance at $28,872 was a focus, withRekt Capital noting that the same level had formed both resistance in Q1 2023 and 2020, as well as support in 2021.BTC/USD annotated chart. Source: Rekt Capital/Twitter


Data from monitoring resource CoinGlass put Bitcoin’s current Q2 gains at 8% — still far behind Q1 performance  over 70%.Hoping for Bitcoin upside continuation


Others hoped that regardless of the potential volatility, Bitcoin would still be able to reach new local highs.


Related: Bitcoin speculators send 35K BTC to exchanges in new ‘elation inflow’


Among them was trader Crypto Tony, whose primary target was $32,000.$BTC / $USD - Update #Bitcoin once again looking to work some magic and climb above that supply zone. Would be a Friday treat if we can manage to do that today .. pic.twitter.com/vBzeMvgXE4— Crypto Tony (@CryptoTony__) June 30, 2023


Fellow trader Jelle acknowledged that BTC price was having trouble sustaining higher levels beyond brief spurts higher, with these always met with a retracement.


"The upside wicks in this consolidation may look scary, but we saw similar price action in the areas circled in red," he reasoned, looking back on a chart of BTC/USD over the past year."Bitcoin looks eager for upside, sometime next week."BTC/USD annotated chart. Source: Jelle/Twitter


Magazine: How smart people invest in dumb memecoins: 3-point plan for success


This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.# Bitcoin# Bitcoin Price# Markets# Bitcoin OptionsAdd reactionAdd reactionRelated NewsHow to buy NFTs without owning cryptoHow to use Solana Saga to buy and sell cryptoBitcoin breaks $30,000 and is the center of attention again!Bitcoin rebound falters amid SEC crackdown on exchanges, raising chance of a BTC price capitulationBitcoin price races toward $27K, but a swift recovery is not confirmed by market dataWhy Bitcoin’s resistance to retesting the $25K support could be futile

News Feed

G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards The G20 finance ministers and central bank governors had their first 2020 meeting th
Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000
Este artículo también está disponible en español. The Bitcoin price actionis showing strong bullish signals, as a rare Inverse Head and Shoulder pattern has just broken o
Biggest Movers:  XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday
Biggest Movers:  XRP up by Nearly 15%, as AVAX Climbs to 12-Day High on Friday XRP rose by nearly 15% during today’s session, climbing to its highest point in over a week i
Derek Andersen4 hours agoSwirlLend rugs on new Coinbase layer 2 Base as large number of scammers reportedThe SwirlLend scam is the second in as many days, and losses on the platform have already mounted into the millions
Huge ‘Bitcoin Tram’ Ad Campaign and 20 Billboards Flood Hong Kong’s Financial District
Huge "Bitcoin Tram" Ad Campaign and 20 Billboards Flood Hong Kong"s Financial DistrictA massive Bitcoin ad campaign has launched in the heart of Hong Kong’s financial district
Australia joins 1,000+ Bitcoin ATM club alongside US, Canada
Arijit Sarkar14 hours agoAustralia joins 1,000+ Bitcoin ATM club alongside US, CanadaThe United States hosted its first 1,000 crypto ATMs in November 2017, while Canada achieved the same in January 2021.2155 Total views1
Starknet explains reasons for 4-hour block outage
Gareth Jenkinson11 hours agoStarknet explains reasons for 4-hour block outageBlockchain data from Starkscan indicates that Starknet’s system stopped producing blocks for four hours on April 5.882 Total views1 Total sha
Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence
Major Swedish Bank Fined $386 Million for Hiding Money-Laundering Evidence Sweden’s Financial Supervisory Authority (FSA), ’Finansinspektionen’, has fined Swedb
US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response
US Worried Crypto Could Undermine Dollar as World Reserve Currency, Hiring Researchers to Prepare Response The U.S. Office of the Director of National Intelligence has admitted t
NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales
NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in
FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games
FBI Warns About Cryptocurrency Theft Scams Using Play-to-Earn Games The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part
Zhiyuan Sun9 hours agoWhat is the ZK industry up to? Rollups, multichain bridges and VCsAs an emerging technology, how can zero-knowledge proofs remedy many issues across the crypto space?3332 Total views4 Total sharesLi