Bitcoin shrugs off Chinese crackdown as BTC bounces above $44k PlatoBlockchain Data Intelligence. Vertical Search. Ai.

بیت کوین از سرکوب چینی ها کنار می کشد زیرا بیت کوین به بالای 44 هزار دلار می رسد

BTC price regained support above multiple zones amid sustained upside on Monday

قیمت بیت کوین is up 7% in intraday trades on Monday after bulls shrugged off a weekend sell-off catalysed by fresh negative news from China.

The price of the benchmark cryptocurrency rose to highs of $44,338 during the Asian trading session, with the upsurge for the top crypto cascading through major altcoins. 

در بین آلت کوین ها، Ethereum (ETH) is seeing the most gains in the top-10 category by market cap, with ETH/USD up 12% in the past 24 hours. Other coins to post swift recoveries following the Friday sell-off are Solana (SOL) with 9.8%, سکه Binance (BNB) with 9.3% and XRP با 7.6٪.

Overall, the total crypto market capitalisation rose more than 6% to stand at around $2.03 trillion at the time of writing.

BTC price bounces above $44k

Bitcoin’s price had slipped to lows of $40,555 last week as panic hit the market on the back of a new crackdown on Bitcoin and crypto trading in China. The dump threatened to send BTC price below $40,000, but after a weekend of bullish strength, the crypto is back above $44,000 as buyers target more gains this week.

Bitcoin’s rebound comes as some major crypto-linked stocks slumped due to the Chinese crackdown. According to رویترز, the stock prices of Huobi Tech and OKG Technology Holdings dropped 30% and 20% respectively early on Monday.

While crypto-related stocks floundered, BTC registered an uptick.Bitcoin shrugs off Chinese crackdown as BTC bounces above $44k PlatoBlockchain Data Intelligence. Vertical Search. Ai.

نمودار 4 ساعته BTC / USD. منبع: TradingView

Looking at the daily chart, crypto analyst Rekt Capital suggests BTC price is set to see further growth if bulls achieve a daily close above $43,800.

At the time of writing, BTC/USD is trading around $43,850 as some retail investors take profits. However, the technical outlook signals a bullish continuation as prices hold above the 50 moving average on the 4-hour chart at $43,632.

If the positive picture remains relevant over the coming days, buyers can target the 100 4-hour moving average at $45,151 and then horizontal resistance near $46,700.

صفحه نحوه خرید بیت کوین ما را در اینجا بررسی کنید

Source: https://coinjournal.net/news/bitcoin-shrugs-off-chinese-crackdown-as-btc-bounces-above-44k/

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