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Bitcoin bears ‘in control but exhausted’ as BTC price retakes $29K

Bitcoin (BTC) recovered above $29,000 into Aug. 8 as one trader eyed a potential breakout already underway.BTC/USD 1-hour chart. Source: TradingViewBTC price teases falling wedge breakout Data from Cointelegraph Markets Pro and TradingView followed a modest BTC price rebound after it set local lows of $28,670.Still in a tight range, Bitcoin

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‘Exhausted all options’ — Unbanked to close after being left hanging by investor

Crypto fintech firm Unbanked, which provides crypto custody and payments services, has become the latest firm to close shop while citing a harsh regulatory environment for crypto in the United States. In a May 26 blog post, Unbanked co-founders Ian Kane and Daniel Gouldman said that when it first opened, it believed

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Bitcoin Selling Pressure Exhausted? This Metric May Hint So

The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren’t many Bitcoin holders selling anymore. Stablecoin Redeem Count Has Remained Low Recently As pointed out by an analyst in a CryptoQuant post, large stablecoin redemptions have usually accompanied major declines in the Bitcoin price during this

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