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Bitcoin (BTC) Is Getting Closer to $40,000
While signs begin to suggest a shift in attitude, authorities may put the crypto majors to the test after the weekend is through.
Saturday was Bitcoin’s (BTC) third consecutive day in the green. Following a 1.54 percent increase on Friday due to the NASDAQ, Bitcoin gained 1.11 percent on Saturday to close at $38,180.
Bitcoin has increased six days in a row for Bitcoin bulls, as the rebound from last Monday’s dip to sub-$33,000 continues.
However, it was a reasonably rangebound day, with resistance near $39,000 holding Bitcoin back from a day-high of $40,000.
In the wake of new outage news, Solana (SOL) finds support
Elsewhere, Ethereum (ETH) maintained its solid support, climbing 2.23 percent as it nears $3,000. However, Solana (SOL) led the charge, rising 5.29 percent.
Outages have dragged on Solana, who was hailed as the next great thing in crypto, during the last crypto market slump. The recent outage was blamed on market volatility, which is a dangerous mix for crypto traders. Outages at times of market stress expose traders, which can result in severe losses.
We looked at Solana and the market reaction to a third distributed denial-of-service (DDoS) assault in less than six…
