Bitcoin (BTC) Might Finally Be Out Of The Woods As Price Bounces Off Weekly 200 EMA – Crypto Daily™

The long-term trend is starting to align with the short-term one, making room for nice longs. Bitcoin dominance still holds above 50% and will probably hit 60% by mid autumn, when alt-season should start. “Bitcoin (BTC) might finally be out of the woods this time as its price finds support at the 200 EMA on … More Bitcoin (BTC) Might Finally Be Out Of The Woods As Price Bounces Off Weekly 200 EMA – Crypto Daily™

Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume

Despite the bearish look, Bitcoin still holds a place as a medium of exchange. Nic Carter, a well respected cryptocurrency researcher, has said that Bitcoin has surpassed the OTC gold market in settlement volumes, even amidst a 70 percent drop in its price. Bitcoin as a Better Medium of Exchange According to the clearing statistics … More Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume