Market Wrap: Bitcoin Slides as US Lawmakers Wrangle Over Crypto Tax Proposal
Analysts said the market doesn't have much of an appetite now for bitcoin above $46,000 or for a massive selloff.
THE Updated Crypto News
Analysts said the market doesn't have much of an appetite now for bitcoin above $46,000 or for a massive selloff.
A clean break above the 200-day moving average could accelerate prices, according to digital asset firm Zerocap.
Bitcoin pulled back as traders digest regulatory developments in the U.S.
Some analysts are optimistic about the broad crypto rally and see further upside, especially for ether.
Ether is up 3% over the past 24 hours.
Bulls returned to defend short-term support in bitcoin and ether.
Brainard said without a digital dollar the proliferation of stablecoins could fragment the payment system.
Bitcoin is declining as regulatory concerns rise; ether is holding support.
Bitcoin dipped below $40K as traders digest proposed crypto taxes.
Bitcoin is in pullback mode heading into the weekend as bulls take a breather.