Bitcoin [BTC] traders, before you become exit liquidity, read this

Holders of the largest cryptocurrency, Bitcoin BTC, might have a cause to be joyous in the coming days, blockchain analytics platform, Santiment, recently found. According to it, the just concluded trading session last weekend was marked by a surge in interest in BTC on multiple social platforms.

Timeline of Bitcoin

The Bitcoin price continues to trade in a tight range between the mid area around $18,000 and $19,500. The cryptocurrency has been moving sideways after a rejection from the $20,000 level which has led to a spike in fear and uncertainty across the nascent sector.

Four months on from its SEC rejection, GBTC's discount to NAV hit a new all-time low amid crypto market tumult. The post Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn appeared first on The Block.

Among other investment assets, cryptocurrency is prominent when it comes to volatility in prices, including altcoins such as Chainlink. While an uptrend matters a lot to daily traders, dipping could be favorable for accumulation for long-term investment.

Bitcoin started the week trading below $19,000, as recent economic pressures continued to weigh on cryptocurrency markets. The token fell lower in today's session, as market sentiment remained bearish following last week's rate hikes by the U.S. Federal Reserve. Ethereum was also lower, falling below $1,300.

The global crypto market cap is still hovering below $1 trillion dollar which is led by the world's first cryptocurrency, Bitcoin (BTC). The flagship currency on the other hand is struggling to reclaim its pace above $20,000. At the time of publication, Bitcoin is selling at $18,919 with a drop of 0.

British crypto investors holding bitcoin are better off than U.S. counterparts who denominate their holders in the stronger Dollar. The post Pound hits all-time low versus the dollar, softening pain of bitcoin losses for Brits appeared first on The Block.

The markets appear to be in favor of the bulls as an attempt to rise beyond $19,000 was quickly nullified. The price continues to struggle around these levels as the Bitcoin price is again entering the lower support zone.

Bitcoin adoption has always been the subject of rigorous debates in many countries today. With financial powerhouses such as the U.S. and China still taking a hard stance against cryptocurrencies, it remains to be seen if the adoption of crypto by different nations will reach its peak in the near future.

The Central Bank of Kenya (CBK) governor, Patrick Njoroge, has made his views on Bitcoin clear by describing the calls to convert the country's reserves into the world's leading cryptocurrency as outright “craziness.” The CBK has long made its displeasure toward digital assets in the country known.

The $19,500 resistance area was breached once more by the BTC price. However, it struggled and created a transient top close to the $19,400 mark, the peak it acquired before falling; both the $19,000 price barrier and the 100 hourly SMA were moved down.