• Market Cap: $1,146,097,626,105.28
  • 24h Vol: $29,732,739,884.52
  • BTC Dominance: 44.84%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Bitcoin price clips $23K on Pelosi Taiwan visit as trading range persists

Jon Hartney by Jon Hartney
August 2, 2022
in Bitcoin, Blockchain, Business, Market
0
CoinShares launches staked Algorand ETP on Deutsche Boerse Xetra
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The status quo sees a challenge from U.S.-China tensions as key levels remain in play for bulls.

Bitcoin (BTC) saw volatility after the Aug. 2 Wall Street open amid ongoing market reactions to tensions between the United States and China.

BTC price U-turns as Pelosi lands in Taipei

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking above $23,000 on the day as news came in that Nancy Pelosi, speaker of the U.S. House of Representatives, had landed in Taipei, Taiwan after warnings of retaliation from Beijing.

Related articles

Robinhood will end support for 3 tokens named in SEC lawsuits

Robinhood will end support for 3 tokens named in SEC lawsuits

June 9, 2023
Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

June 9, 2023

The visit, which had raised concerns of a major incident occurring, appeared to go without a hitch — something an analyst at major banking giant JPMorgan had previously said would spark a market rally.

she made it, pump the markets pic.twitter.com/Os09HTGIoc

— Fomocap (@fomocapdao) August 2, 2022

Both the S&P 500 and Nasdaq Composite Index were slightly higher at the time of writing, reversing initial losses. Previously, Asian markets had fared worse on the uncertainty, with both the Shanghai Composite Index and Hong Kong’s Hang Seng losing around 2.3% on the day.

As traders eyed an end to the recent few days’ calm on BTC, it remained to be seen whether important trendlines nearby would continue to hold after seeing retests overnight.

“The next few weeks / months in the Cryptocurrecny space are going to be volatile due to macro events playing a bigger part than ever,” popular trader Crypto Tony forecast.

Crypto Tony added that he would add to his allocation should BTC/USD quit the range between $22,000 and $24,000 for lower levels.

That range was shared by fellow trader Credible Crypto, who nonetheless acknowledged the potential for a trip to $25,000 as well.

No change to this idea- still looking for a move down to GREEN or at least the swing low denoted by the RED X here before continuation to the upside to 25k+ $BTC. https://t.co/P3WKkLRmls pic.twitter.com/u494VRotcd

— CrediBULL Crypto (@CredibleCrypto) August 1, 2022

In a potential headwind for Bitcoin and risk assets, the U.S. dollar index (DXY) capitalized on daily strength as events unfolded to aim for the 106 mark once more.

The Bloomberg dollar index likewise saw gains as Pelosi became the first U.S. speaker to visit Taiwan in 25 years.

U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView

Fib levels cap gains and losses for Bitcoin in Q3

Discussing the broader picture, meanwhile, trading firm QCP Capital confirmed that it did not expect Bitcoin to retest the 2022 lows of $17,600.

Related: Best monthly gains since October 2021 — 5 things to know in Bitcoin this week

“We expect BTC price to drift higher from here for most of Q3, with upside rallies capped, but also dips on choppy price action,” analysts wrote in its market summary released Aug. 1.

Beyond that timeframe, however, QCP did not rule out a move to “break the lows” to officially end the current bear market. In “extreme” circumstances, it said, this could involve prices as low as $10,000.

An interim pivot point, it added, could be a Fibonacci retracement level at $28,700.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Robinhood will end support for 3 tokens named in SEC lawsuits

Robinhood will end support for 3 tokens named in SEC lawsuits

by Jon Hartney
June 9, 2023
0

The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

by Jon Hartney
June 9, 2023
0

Along with the recent wave of lawsuits, this week’s Crypto Biz also explores Apple’s new headset, Brazil’s

US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

by Jon Hartney
June 9, 2023
0

The Justice Department claims Alexey Bilyuchenko and Aleksandr Verner took control of a Mt Gox server and stole 647,000

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

by Jon Hartney
June 9, 2023
0

Traditional finance companies are boosting their engagement with Ethereum-based real-world asset protocols, resulting

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

by Jon Hartney
June 9, 2023
0

The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Robinhood will end support for 3 tokens named in SEC lawsuits

Robinhood will end support for 3 tokens named in SEC lawsuits

June 9, 2023
Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

June 9, 2023
US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

June 9, 2023
Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

June 9, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Robinhood will end support for 3 tokens named in SEC lawsuits June 9, 2023
  • Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up June 9, 2023
  • US Justice Department charges two men in Mt. Gox Hack June 9, 2023
  • Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave June 9, 2023
  • DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined June 9, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,491.00-0.38%
  • ethereumEthereum(ETH)$1,837.26-0.81%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$261.77-0.67%
  • usd-coinUSD Coin(USDC)$1.000.03%
  • rippleXRP(XRP)$0.542.20%
  • staked-etherLido Staked Ether(STETH)$1,836.00-0.83%
  • cardanoCardano(ADA)$0.300412-7.31%
  • dogecoinDogecoin(DOGE)$0.0694092.11%
  • solanaSolana(SOL)$17.54-7.58%
  • matic-networkPolygon(MATIC)$0.73-6.25%
  • litecoinLitecoin(LTC)$89.130.52%
  • tronTRON(TRX)$0.072116-7.13%
  • polkadotPolkadot(DOT)$4.99-0.88%
  • binance-usdBinance USD(BUSD)$1.00-0.03%
  • avalanche-2Avalanche(AVAX)$13.82-1.09%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.77%
  • daiDai(DAI)$1.000.04%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,467.00-0.58%
  • uniswapUniswap(UNI)$4.58-1.30%
  • leo-tokenLEO Token(LEO)$3.53-0.31%
  • chainlinkChainlink(LINK)$5.99-0.42%
  • cosmosCosmos Hub(ATOM)$9.20-2.83%
  • okbOKB(OKB)$44.860.36%
  • moneroMonero(XMR)$142.82-0.66%
  • ToncoinToncoin(TON)$1.722.24%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ethereum-classicEthereum Classic(ETC)$16.98-0.14%
  • stellarStellar(XLM)$0.0886351.62%
  • bitcoin-cashBitcoin Cash(BCH)$111.02-0.51%
  • true-usdTrueUSD(TUSD)$1.00-0.02%
  • lido-daoLido DAO(LDO)$2.170.15%
  • internet-computerInternet Computer(ICP)$4.231.12%
  • filecoinFilecoin(FIL)$4.04-1.38%
  • quant-networkQuant(QNT)$107.94-2.93%
  • hedera-hashgraphHedera(HBAR)$0.048573-0.27%
  • crypto-com-chainCronos(CRO)$0.057825-1.94%
  • AptosAptos(APT)$7.41-3.49%
  • ArbitrumArbitrum(ARB)$1.130.12%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • nearNEAR Protocol(NEAR)$1.39-1.92%
  • vechainVeChain(VET)$0.017160-4.25%
  • apecoinApeCoin(APE)$2.83-3.03%
  • paxos-standardPax Dollar(USDP)$1.00-0.01%
  • fraxFrax(FRAX)$1.00-0.05%
  • the-graphThe Graph(GRT)$0.111137-2.39%
  • BSCEXBSCEX(BSCX)$262.4583.19%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.890.11%
  • rocket-poolRocket Pool(RPL)$47.460.06%
  • algorandAlgorand(ALGO)$0.1253801.20%
  • elrond-erd-2MultiversX(EGLD)$34.81-0.73%
  • blockstackStacks(STX)$0.64-2.05%
  • the-sandboxThe Sandbox(SAND)$0.472064-3.42%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,973.04-0.89%
  • aaveAave(AAVE)$60.030.10%
  • optimismOptimism(OP)$1.33-3.43%
  • render-tokenRender(RNDR)$2.301.23%
  • fantomFantom(FTM)$0.287778-3.16%
  • tezosTezos(XTZ)$0.83-1.03%
  • theta-tokenTheta Network(THETA)$0.75-1.12%
  • usddUSDD(USDD)$1.00-0.06%
  • decentralandDecentraland(MANA)$0.408334-2.75%
  • immutable-xImmutableX(IMX)$0.730.45%
  • Bitget TokenBitget Token(BGB)$0.504.48%
  • axie-infinityAxie Infinity(AXS)$6.06-3.23%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.820.14%
  • BitDAOBitDAO(BIT)$0.477068-0.84%
  • radixRadix(XRD)$0.066928-1.59%
  • havvenSynthetix Network(SNX)$2.05-0.69%
  • kucoin-sharesKuCoin(KCS)$6.70-1.54%
  • flowFlow(FLOW)$0.62-2.06%
  • neoNEO(NEO)$9.04-0.39%
  • curve-dao-tokenCurve DAO(CRV)$0.76-0.50%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • galaGALA(GALA)$0.025574-2.17%
  • terra-lunaTerra Luna Classic(LUNC)$0.000100-0.31%
  • bitcoin-cash-svBitcoin SV(BSV)$30.09-0.85%
  • gatechain-tokenGate(GT)$4.162.12%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.18%
  • makerMaker(MKR)$626.33-0.20%
  • injective-protocolInjective(INJ)$6.91-1.60%
  • kavaKava(KAVA)$0.94-4.35%
  • klay-tokenKlaytn(KLAY)$0.1648171.00%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • bittorrentBitTorrent(BTT)$0.000001-0.71%
  • pax-goldPAX Gold(PAXG)$1,918.79-0.36%
  • xdce-crowd-saleXDC Network(XDC)$0.0359963.18%
  • iotaIOTA(MIOTA)$0.177540-1.34%
  • Tokenize XchangeTokenize Xchange(TKX)$6.160.11%
  • PepePepe(PEPE)$0.0000016.12%
  • tether-goldTether Gold(XAUT)$1,961.75-0.16%
  • compound-ethercETH(CETH)$36.90-0.77%
  • casper-networkCasper Network(CSPR)$0.043226-1.08%
  • conflux-tokenConflux(CFX)$0.228247-1.79%
  • huobi-tokenHuobi(HT)$2.932.18%
  • chilizChiliz(CHZ)$0.087509-0.24%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • gmxGMX(GMX)$51.33-0.45%