Bitcoin has surged past $40,000 and the cryptocurrency market is rapidly recovering.
The price of Bitcoin (BTC) has surpassed $40,000 on May 26, breaking above a key sell area for the first time in five days.Traders expect a broader rally to come and a bullish market structure to form if Bitcoin continues to rise above $42,000 and Ether (ETH) reclaims $3,000. BTC/USD (orange) and ETH/USD (blue) 4-hour candle chart Source. TradingView$42,000 and $49,000 are key resistance levelsBitcoin has been recovering over the past week due to three major factors.First, Tesla CEO Elon Musk and MicroStrategy CEO Michael Saylor have been encouraging Bitcoin miners to use cleaner energy.Musk and Saylor have gone further since, speaking with Bitcoin miners in the United States about reliable energy consumption.Spoke with North American Bitcoin miners. They committed to publish current & planned renewable usage & to ask miners WW to d
Sberbank, Russia’s Biggest Lender, To Offer Crypto Asset Trading This Month
The Russian banking giant Sberbank is getting into the cryptocurrency trading business. According to a release, the bank will…
