The strong price action occurred on below-average volume.
Filecoin Spikes 9% as Downtrend Breaks
The strong price action occurred on below-average volume.
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Following a failed challenge of the $70,000 level during early Monday trading hours in Asia, bitcoin (BTC) fell below $67,000 in U.S. morning action. Recently, bitcoin's price was lower 2.3%
Much will depend on the ability of bitcoin bulls to overcome important resistance levels at $113,500 and $115,000, one analyst said.
“We could see Bitcoin test $130K–$150K by year-end if macro winds cooperate,” one trading desk said.
The crypto exchange said it plans to raise its borrowing cap from $1 million to $5 million.