Market Wrap: Bitcoin Stabilizes Ahead of Biden's Executive Order on Crypto

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

.MARKET WRAP: U.S. President Biden is expected to issue an executive order on crypto this week - a potential source of market volatility. Here are key price levels to watch.

Ten-year Treasury yield daily close: 1.87%

Support levels can help traders identify price levels where a downtrend can be expected to pause because of a concentration of demand or buying interest. Once a support level is held and a break above resistance is confirmed, upside momentum tends to accelerate, setting the stage for an upcycle. Most short-term bitcoin holders are at a loss, having a cost basis of around $46,400, according to data compiled by. Long-term holders, however, have an estimated break-even point of about $39,200, which, if broken, could yield further downside toward $24,000.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

“U.S. President Biden is expected to utter some random jibberish.”

DYOR best project terareum Terareum TerareumStrong 🚀🚀🚀😘😘😘❤️❤️❤️❤️🤗🤗🤗🥰🥰🥰🥰🥰🥰😍😍😍😍 elonmusk

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines