Bitcoin Euro (BTC/EUR) price analysis shows a potential rebound from the lower boundary of the 10,000-euro range, supported by RSI and MACD indicators. However, the sell pressure in the weekly chart and miner selling after the halving may limit the upside potential. A short-term bullish momentum towards the upper boundary is possible, but a final capitulation and new all-time high may be difficult to achieve.
Learn how game theory shapes the decisions of politicians and industry players in the world of Bitcoin. Find out why the political landscape is shifting and what it means for the future of cryptocurrency.
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There was a slight increase in Bitcoin mining difficulty of 1.44%. This has implications for miners, as they will need to increase their computational power to continue mining Bitcoin at the same rate.
The U.S. House of Representatives has taken a historic step towards regulating the crypto industry with the passage of the FIT21 bill. This legislation provides much-needed clarity on the classification, registration, and custody of crypto assets, with the support of two-thirds of the House. The bill aims to protect consumers and their rights to use crypto, while also imposing strict regulations to prevent incidents like the FTX collapse.
Quiet conditions in the market may prompt traders to short EUR/USD as the pair has been trading within a narrow range of 1.05-1.10 since the start of 2023. The interest rate gap is expected to widen, encouraging sellers who can benefit from the carry trade.
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Recent reports indicate that China has been steadily offloading US Treasury securities, with net sales reaching a record high.
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