Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation.

Bitcoin faces a battle for key BTC price support to start the week, while market participants stay optimistic about trend continuation.
Bitcoin (BTC) starts a new week under $30,000 as analysts’ predictions of a short-term support retest come true.
The largest cryptocurrency saw a classic dive following its latest weekly close as the latest gains evaporated, but will they return?
Ahead of a fairly innocuous week for macro data releases, catalysts are likely to come elsewhere as BTC price action decides on a key support zone.
Much is at stake for traders, as the week prior offered the opportunity to reinvestigate altcoins as Bitcoin itself cooled its upside. With a retracement now in effect, attention will be on whether those altcoins can hold at their own higher levels.
Under the hood, it appears to be business as usual for Bitcoin, with network fundamentals already at or near all-time highs, showing no definitive signs of a comedown this week.

Bittrex already started winding down operations by the time it received a notice on potential action from the SEC, the general counsel said.
Bittrex had already started winding down operations by the time it received a notice of potential action from the SEC, the general counsel said.
A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority.
A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority.
Since the Shapella hard fork on April 12, Ether has seen a price gain of nearly 10%.
Blockchain technology needs a benchmark communications standard that can be easily integrated by every network in order for a complete transition from Web2 to Web3 to occur, industry commentators say.
Many expect there will be multiple blockchains and such an ecosystem requires communication protocols similar to the Transmission Control Protocol/Internet Protocol (TCP/IP) used on the internet.
Ryan Lovell, director of capital markets at crypto price oracle solutions firm Chainlink Labs told Cointelegraph that blockchains without interoperability are like what computers are without the internet — isolated machines which cannot transfer data and value across networks.
“To realize a fully interoperable blockchain ecosystem at scale, there needs to be an open communication standard analogous to the TCP/IP, which currently serves as the internet's defacto connection protocol.”
Lovell believed a similar standard for blockchain networks would “pave the way for a seamless, internet-like experience” for the platform and their applications.
Blockchains without interoperability are like computers without an internet connection — incapable of transferring data and value, a Chainlink Labs executive says.
The crypto advocacy group wants clarity on recent regulatory action against digital asset-friendly banks.
A U.S. Representative has declared he will introduce legislation to have SEC boss Gary Gensler removed from his role.
A U.S. Representative has declared he will introduce legislation to have SEC boss Gary Gensler removed from his role.
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty.
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty.
Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty.
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The Financial Services Committee issued a memorandum to announce an upcoming hearing titled “Understanding Stablecoins’ Role in Payments and the Need for Legislation.”
After taking diversity concerns into account, Sotheby’s has revamped its Glitch digital art sale. Meanwhile, a newcomer to the online game Illuvium: Beyond has struck gold by discovering the rarest Illuvitar yet.
After taking diversity concerns into account, Sotheby’s has revamped its Glitch digital art sale. Meanwhile, a newcomer to the online game Illuvium: Beyond has struck gold by discovering the rarest Illuvitar yet.
The Moskowitz law firm has been standing outside NBA superstar Shaquille O'Neal's studio all week to "hand deliver" their legal complaint with no success, according to a recent statement.
