Bitcoin extended gains after breaking above the $30,000 mark that some cryptocurrency traders view as a key support level. “The fear in the market was that if Bitcoin breaks below the $30,000 mark, the price will move lower violently," said Naeem Aslam, chief market analyst with Ava Trade Ltd. “In reality, that is not what we have seen. The Bitcoin price has been stable, and we have not seen any panic selling." Bitcoin and other cryptocurrencies have tumbled since mid-May, wiping some $1.3 trillion off their market value. Bitcoin may still test the $25,000 support level in the coming weeks, Ava Trade’s Aslam said.

Source: Mint July 21, 2021 11:37 UTC