Still, bitcoin will need to make a decisive break above the $40,000 psychological barrier to trigger an increase in buying activity. So far, volatility hasn’t been particularly high “taking into account a barrage of largely negative news over the past few days with COVID-19 cases rising and China’s Shenzhen province going into lockdown,” Mikkel Mørch, executive director of ARK36, a crypto investment fund, wrote in an email.
Related posts
-
Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’
With two days remaining in September, bitcoin’s monthly gain stands at 11.11%, setting the stage for... -
Analyst Backs Bitcoin Hitting $290,000 In Bull Run – Here’s Why
In what has been an “unusual” September, Bitcoin (BTC) has now recorded another positive weekly performance. ... -
Bitcoin poised for surge, analysts expect new all-time high
Bitcoin price has done modestly well this week as it soared to $66,000, rising to its...