Bitcoin Retakes $20,000 Territory<\/h2>\n
TradingView data indicated that the BTC\/USD pair rose to $20,085 on Tuesday, its strongest gain since June 30. The pair spent the majority of the weekend near $19,000 as the\u00a0bulls attempted to push BTC’s price to $20K.<\/p>\n
After a turbulent second quarter, Bitcoin’s price has entered the third quarter with sluggish movement as it continues to consolidate around the $20,000 mark.<\/p>\n
Since the start of 2022, increased geopolitical concerns and a change in sentiment (induced by rate increases, the conflict in Ukraine, and a dismal economic prospects) have inflicted a blow to crypto assets, causing Bitcoin to return to levels last seen in December 2020.<\/p>\n
BTC\u00a0continues to trade at less than a third of its all-time high of\u00a0$69,000, attained\u00a0in November last year, but has maintained its position above $18,000, the bottom it touched during mid-June liquidations.<\/p>\n
<\/p>\n
BTC total market cap at $376 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\nBTC Needed To Break Past $19K<\/h2>\n
Despite the negative trends, Bitcoin managed to recover and surpass the $19,000 threshold.<\/p>\n
According to popular analyst Matthew Hyland, Bitcoin has successfully “created Bullish divergence on the daily time frame for the first time since breaking below $20,000.”<\/p>\n
On-chain analytics resource Whalemap\u00a0verified\u00a0that whales purchasing tokens\u00a0at the price of $19,200 had given\u00a0a sigh of comfort and market support.<\/p>\n
Suggested Reading |\u00a0Ethereum (ETH) Hammered Down To $950 As Crypto Selloff Deepens<\/a><\/strong><\/em><\/p>\n
According to Santiment statistics, a large number of Bitcoin long positions were opened on cryptocurrency exchanges on July 4th, boosting trader optimism.<\/p>\n
US traders, one of the largest markets, are now placing substantial bets on Bitcoin’s continued ascent.<\/p>\n
Meanwhile, some crypto\u00a0investors who are still long-term Bitcoin bulls expect that the leading cryptocurrency will require a one- or two-year buildup cycle until the next BTC\u00a0halving before the leading crypto\u00a0can truly rebound and register\u00a0new highs.<\/p>\n
Featured image from 123RF, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"Bitcoin (BTC) inched up 5% to reclaim the $20,000 territory as the 4th of July hype provided surprise gains. Tuesday saw a comeback on the cryptocurrency market, with the majority of tokens trading in the green. Bitcoin’s Tuesday rally was the first for the coin in five days, with the 4th of July daily candle about to close, and providing some dose of optimism in the dreary bear market. Bitcoin and other cryptocurrencies remained virtually unchanged on Monday, with crypto\u00a0assets trading at downcast\u00a0prices after a huge selloff in recent months. The worldwide cryptocurrency market capitalization was trading at $909\u00a0billion, an increase of more than 6 percent in the last\u00a024\u00a0hours. However, the total trading volume of cryptocurrencies increased by nearly 37 percent to $55\u00a0billion. Suggested Reading | Bitcoin Slides Under $20K \u2013 Another Collapse In The Offing? Bitcoin Retakes $20,000 Territory TradingView data indicated that the BTC\/USD pair rose to $20,085 on Tuesday, its strongest gain since June 30. The pair spent the majority of the weekend near $19,000 as the\u00a0bulls attempted to push BTC’s price to $20K. After a turbulent second quarter, Bitcoin’s price has entered the third quarter with sluggish movement as it continues to consolidate around the $20,000 mark. Since the start of 2022, increased geopolitical concerns and a change in sentiment (induced by rate increases, the conflict in Ukraine, and a dismal economic prospects) have inflicted a blow to crypto assets, causing Bitcoin to return to levels last seen in December 2020. BTC\u00a0continues to trade at less than a third of its all-time high of\u00a0$69,000, attained\u00a0in November last year, but has maintained its position above $18,000, the bottom it touched during mid-June liquidations. BTC total market cap at $376 billion on the daily chart | Source: TradingView.com BTC Needed To Break Past $19K Despite the negative trends, Bitcoin managed to recover and surpass the $19,000 threshold. According to popular analyst Matthew Hyland, Bitcoin has successfully “created Bullish divergence on the daily time frame for the first time since breaking below $20,000.” On-chain analytics resource Whalemap\u00a0verified\u00a0that whales purchasing tokens\u00a0at the price of $19,200 had given\u00a0a sigh of comfort and market support. Suggested Reading |\u00a0Ethereum (ETH) Hammered Down To $950 As Crypto Selloff Deepens According to Santiment statistics, a large number of Bitcoin long positions were opened on cryptocurrency exchanges on July 4th, boosting trader optimism. US traders, one of the largest markets, are now placing substantial bets on Bitcoin’s continued ascent. Meanwhile, some crypto\u00a0investors who are still long-term Bitcoin bulls expect that the leading cryptocurrency will require a one- or two-year buildup cycle until the next BTC\u00a0halving before the leading crypto\u00a0can truly rebound and register\u00a0new highs. Featured image from 123RF, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":494944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[5687,428,1119,6664,15877,4925],"class_list":["post-494938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bear-market","tag-bitcoin","tag-btc","tag-crypto","tag-crypto-winter","tag-digital-assets"],"acf":[],"yoast_head":"\n
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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin (BTC) Claws Back To $20,000, First Time In 5 Days","url":"http:\/\/ktsl888.com\/news\/bitcoin-btc-claws-back-to-20000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-btc-claws-back-to-20000\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Bitcoin-3.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Bitcoin-3.png?fit=751%2C503"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bear market","bitcoin","btc","crypto","crypto winter","digital assets"],"dateCreated":"2022-07-05T10:10:30Z","datePublished":"2022-07-05T10:10:30Z","dateModified":"2022-07-05T10:10:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin (BTC) Claws Back To $20,000, First Time In 5 Days\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-btc-claws-back-to-20000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-btc-claws-back-to-20000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Bitcoin-3.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Bitcoin-3.png?fit=751%2C503\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bear market\",\"bitcoin\",\"btc\",\"crypto\",\"crypto winter\",\"digital assets\"],\"dateCreated\":\"2022-07-05T10:10:30Z\",\"datePublished\":\"2022-07-05T10:10:30Z\",\"dateModified\":\"2022-07-05T10:10:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/07\/Bitcoin-3.png?fit=751%2C503","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/494938"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=494938"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/494938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/494944"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=494938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=494938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=494938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}