Bitcoin | CoinDesk

Bitcoin Price Rebounds After Testing Lower Support Near $44K as Ether Booms

Bitcoin continues to cool on multiple attempts at $50,000, though that may be less of a concern given demand from bigger players.

Some analysts are optimistic about the long-term recovery in crypto prices, although the pace of the upside will likely slow over the short term.

BTC is trading around the 200-day moving average and will need to break out of a short-term range to resume the uptrend.

Low levels of daily trading volume persist as bitcoin struggles to edge higher while short positions build.

Analysts expect traders to take a breather after the crypto's recent rally.

The outflow was partly because of low investor participation due to seasonal effects, also seen in other asset classes.

By Frances YueAug 16, 2021

Bitcoin's uptrend is improving despite brief pullbacks.

Bitcoin is joined by ether and cardano, which have surged 11% and 53% in the last seven days respectively.

By Jamie CrawleyAug 16, 2021

The largest cryptocurrency by market value was trading close to its highest level in more than two months

Insurance companies and investment houses might be required to detail and justify any investments linked to bitcoin.

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