Bitcoin (BTC) hovers around key psychological support at $60,000 on August 18, at the time of writing.
Bitcoin noted sustained demand from institutional investors with nearly $13 million inflows in a week, per IntoTheBlock data. The US government moved $600 million in Bitcoin , not for intent to sell, but for custody through a partnership with Coinbase Prime. Bitcoin hovers around $60,000 on Sunday, erasing nearly 2% value in the last seven days. BTC could extend gains by 12% and rally to $67,000, a key resistance for the asset.
BTC/USDT daily chart Looking down, Bitcoin could sweep liquidity at the Fair Value Gap between $50,368 and $51,300. Bitcoin, altcoins, stablecoins FAQs What is Bitcoin? Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
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