Bitcoin News Daily – 087
August 18, 2023
Top Stories
* Bitcoin Taps $25,000 as Market Recovers from Recent Dip
The price of bitcoin has surged to $25,000, its highest level in over six months. The rally comes as the broader cryptocurrency market recovers from a recent dip.
* PayPal Launches Bitcoin and Ethereum Trading in the UK
PayPal has launched its new cryptocurrency trading platform in the UK. The service allows users to buy, sell, and hold bitcoin and ethereum.
* Visa Collaborates with Coinbase to Enable Bitcoin Payments
Visa has announced a new partnership with Coinbase to enable merchants to accept bitcoin payments. The integration will allow consumers to use their existing Visa cards to purchase goods and services with bitcoin.
Market Analysis
The cryptocurrency market has experienced a resurgence in recent weeks. Bitcoin has led the charge, gaining over 20% in value over the past month. Ethereum and other altcoins have also seen significant gains.
Technical analysts say that bitcoin is currently in a bullish trend. The price is above key moving averages and support levels, indicating that buyers are in control.
Upcoming Events
* August 19: Bitcoin Conference 2023 in Miami
* August 20: Ethereum Developers Summit 2023 in San Francisco
* August 21: Coinbase Stockholders’ Meeting in New York City
Conclusion
The cryptocurrency market is looking bullish at the moment. Bitcoin has broken out of a consolidation range and is now trading above $25,000. Other altcoins are also seeing gains. It remains to be seen if this rally can continue, but for now, the outlook is positive.
原创文章，作者：Kevin，如若转载，请注明出处：https://feifeihe.com/3695.html
