Fed takes on stablecoins: 5 things to watch in Bitcoin this week

Cointelegraph

Published Jul 19, 2021 04:51AM ET

Updated Jul 19, 2021 06:40AM ET

Bitcoin (BTC) emerges into a new week with middling price action and optimistic fundamentals — what could the coming days have in store?

Still holding $30,000 support, there’s little about Bitcoin to truly excite traders, but volatility has already reminded them of its presence over the past week.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BTC/USD scenario with support and resistance zones. Source: Rekt Capital/ Twitter
Bitcoin difficulty chart. Source: Blockchain
Crypto futures open interest and volume chart. Source: Bybt
BTC/USD shorts 1-day candle chart (Bitfinex). Source: TradingView

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