BTC New Bullish Setup Targets $36,000
Bitcoin price begins recovery at the drawing board as bulls plan another assault eyeing $36,000. A break above $32,000 may trigger massive buy orders in the near term, boosting the bullish effort. Bitcoin price has been underwater for most of this week. However, as the Asian session nears the tail end on Friday, a bullish outlook seems to emerge.
PayPal Increases Weekly Limits for Crypto Purchases to $100,000
PayPal Holding Inc. has increased the purchase limit of Bitcoin and other crypto-assets to $100,000 per week and also removed the annual purchase limit for eligible customers in the US. In February, PayPal customers’ weekly cryptocurrency purchase limit was $20,000.
3 altcoins showing signs of accumulation while Bitcoin price is down
DeFi and NFT-related tokens like GHST, CNS and TLM defied the market’s bearish mood to post double-digit gains in the past 48-hours. Crypto markets faced another day of struggle on July 15 as the price of Bitcoin (BTC) dropped to its “final support zone” near $31,000, which prompted traders to issue dire predictions about the future should bulls fail to hold this level.
After the U.S, Now Japan Calls for Strong Regulations of Stablecoins
In a fresh development, Japanese regulators are now stepping up efforts to regulations of Stablecoins . In exclusive coverage, Reuters reports that the Japanese government is closely watching the sharp growth of the crypto market and remains worried about its impact on the country’s financial system. After the U.S, Now Japan Calls for Strong Regulation of Stablecoins.
Cardano Announces Successful Upgrade To Alonzo White, Teases New Algorithmic Stablecoin
Each upgrade will see Cardano include more features, functionality, and users, with the final Mainnet deployment expected in September. The upgrade will see Cardano increase testers and functionalities significantly, bringing smart contracts to the Proof-of-Stake blockchain, and officially mark the end of Cardano’s Goguen era.