Bitcoin Recovery, Uniswap L2, and Key Weekend Crypto News
FBI creates its own cryptocurrency. US to sell $4.4B in Bitcoin. Plus, Bitcoin's price action and more.
Weekend Headlines:
Bitcoin is showing signs of recovery after a recent dip, with the price currently testing resistance near $61,970 USDT.
While the short-term trend hints at a bullish outlook, Bitcoin needs to break above the 50-period moving average to sustain upward momentum.
Key support sits around $60,900.
Meanwhile, ETH is trading at $2,431.
In other news:
- Bitcoin briefly dips under $59K, triggering $160M in liquidations.
- Uniswap eyes an L2 solution to revolutionize decentralized finance (DeFi).
- MicroStrategy considers transforming into a Bitcoin bank.
- Ethena invests $46M in real-world asset (RWA) funds.
- FBI creates its own cryptocurrency to target cybercriminals.
- The US government prepares to sell $4.4B worth of Bitcoin from the Silk Road seizure.
- The National Bank of Bahrain launches a Bitcoin fund.
- BlackRock highlights how crypto adoption is outpacing the growth of past technologies.
- Leading Gainers: WIF, POPCAT, SEI, TIA, SUI, OM.
Stay tuned as the crypto world continues to evolve rapidly!
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