Betting on tax bill FUD: 5 things to watch in Bitcoin this week

Cointelegraph

Published Aug 02, 2021 04:27AM ET

Updated Aug 03, 2021 06:20AM ET

Bitcoin (BTC) is at a crossroads as it starts a new week, hovering around $40,000 but with serious headwinds keeping it from bouncing higher.

After an impressive weekend that saw highs above $42,500, a comedown saw BTC/USD lose the $40,000 mark.

U.S. dollar currency index (DXY) 1-day candle chart. Source: TradingView
Bitcoin All Exchanges Fund Flow Ratio chart. Source: CryptoQuant
Bitcoin difficulty chart. Source: Blockchain.com
GBTC premium chart. Source: Bybt
Crypto Fear & Greed Index. Source: Alternative.me

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