Bitcoin – Daily Chart
2/2
Investing.com – The cryptocurrency spent yesterday rallying, managing to hit an evening high of $40,365, but the cryptocurrency then once again fell below the key $40,000 threshold.
The rise in the US stock markets yesterday, and in particular the which ended the day up more than 3%, testified to an appetite for risk which also benefited Bitcoin, but not enough to confirm a break above 40,000 $.
Among the headwinds that prevent Bitcoin from rising durably, we will highlight the strength of the Dollar, which is on track to record its best month since 2012 in April.
From a technical point of view, the daily chart therefore continues to depict a clearly bearish trend. In particular, we can clearly identify a downward trend line since the beginning of the month.
Additionally, the 100-day moving average, currently just below the $41,000 level, is also a significant upside hurdle.
If the decline continues, the $37-38,000 zone can be considered the first major support.
Goldman Sachs (NYSE:) becomes first bank to offer secured Bitcoin loan
Regarding the latest important information about Bitcoin, it should be noted that according to information reported by Bloomberg last night, Goldman Sachs has set up a loan backed by bitcoins for the first time.
Goldman’s secured lending facility allowed a borrower to use bitcoin (BTC) as collateral for a cash loan.
Recall that Goldman Sachs, which has a dedicated digital assets team, was the first major bank to trade bitcoin options over-the-counter at Galaxy Digital last month.
Also read: