Bitcoin (BTC) Price Analysis for August 5

u.today Bulls keep setting coins to new local peaks, according to CoinMarketCap rankings. BTC/USD The rate of Bitcoin (BTC) has risen by 1.32% over the last 24 hours. On the local chart, Bitcoin (BTC) is stuck between the support level at $22,928 and the resistance at $23,427. The volume has declined, which means that one should …

Here’s How SHIB Army Could Burn 1.3 Billion Per Day: Shib Burner

u.today The founder of the SHIB burn shop, whose burn tools include an Amazon affiliate program, has tweeted that the Shiba Inu army could easily burn 1.3 billion meme coins per day via his platform. 1.3 billion SHIB could be burned per day @shib_superstore account on Twitter, which represents a mobile phone game shop founded by …

Bitcoin Sends Mixed Signals At $23,000, Capped Upside Potential?

www.newsbtc.com Bitcoin keeps on moving sideways as the weekend approaches and, with less trading volume on exchange platforms, the cryptocurrency hints at potential losses. BTC’s price has surrendered the gains from the past week but has been able to hold to its current levels as critical support. Related Reading: TA – Polkadot Price Shows Strength, …

Bitcoin sees minor sell off after US payroll data beats expectations

cryptoslate.com The U.S Bureau of Labor Statistics (BLS) released its nonfarm payroll showing employment had increased by 528,000 in July. This was more than twice Wall Street’s expectations of a 258,000 increase. According to the figures, U.S unemployment now stands at 3.5%, beating analysts’ expectations of a 3.6% unemployment rate. Stocks and Bitcoin initially reacted …

Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate

cointelegraph.com Bitcoin (BTC) saw fresh rejection at $23,500 resistance on Aug. 5 as United States equities failed to embrace surprisingly strong payroll data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Collapsing real wages” poke fun at payroll print Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bears kept the market in its intraday …

Solana (SOL) Whales Continue To Hodl Despite Recent Hack, Here’s Why

coingape.com Even as the Solana Foundation management tries to figure out the exact reasons behind the recent hack, the SOL price has on Friday recovered partially. On Thursday, it was said that the issue originated from Slope mobile wallet applications. But the exploit was confined to just one wallet on Solana, it confirmed. However, the …

SHIB, XRP, ADA Take Hit Due to Blockbuster Jobs Report

u.today The U.S. Labor Department has shocked markets with a blockbuster jobs report showing unexpectedly strong growth. The country’s economy added a staggering 528,000 jobs, which is well above the consensus forecast of 258,000 new positions. Bitcoin fell below the $23,000 level after rising sharply in the run-up to the report. XRP, Shiba Inu (SHIB), …