• Bitcoin stopped just shy of the 10K mark.
  • Users are holding $220 million more Bitcoin since the halving.
  • BitGo is to provide custody services to Indian Crypto Exchange CoinDCX.


Bitcoin stopped just shy of the 10K mark.

Bitcoin has been trading higher as the sentiment continues to be strong following the recent halving event. The price hit a high of 9943.93 and currently trades 2.31% lower at 9713.04. There is lots of technical resistance at the 10K level and this includes the 50% Fibonacci resistance zone. 

Above the current price level, if the 10K resistance breaks, there is another resistance zone to keep an eye on at 10522.51. This level has been used more than three times and is the mean value area of the previous consolidation between 9K and 13868.44. 

Bitcoin fails to hit 10K


Users are holding $220 million more Bitcoin since the halving

In an article written by the Cointelegraph team, it was highlighted that there are a large amount of traders/investors holding Bitcoin. In the article, it was pointed out:
"Almost 24,000 Bitcoin (BTC) have been withdrawn from exchanges since Bitcoin’s halving on May 11, according to Bitcoin Exchange Net-Flow data from on-chain market analysis platform  The trend of Bitcoin flowing out of exchanges started in mid-April and has continued with only a short reprieve in the hours before and after the halving."

This trend could signify two new developments – that current users are taking more responsibility for their own funds rather than trusting exchanges, or that a large portion of new users are looking at Bitcoin as a store of value rather than as a trading asset.


BitGo is to provide custody services to Indian Crypto Exchange CoinDCX.

Cryptocurrency custodian BitGo has announced it will provide their services to Indian exchange CoinDCX. They will be offering secure storage and partial insurance for assets traded on the BitGo platform. The company is a United States-based firm that claims to process over 20% of all Bitcoin (BTC) transactions. The company also provides an insurance policy covering up to USD 100 million in value through a syndicate of Insurers in the Lloyd’s of London and European Marketplace.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Biden's win of the US presidential election could have different effects on Bitcoin and DeFi

The presidential elections in the United States are just around the corner. While it is still hard to tell for sure who will secure the place in an Oval Cabinet, the most recent poll results show that Joe Biden, the Democratic presidential nominee, is leading the race. 

More Cryptocurrencies News

XTZ aiming for a 10% price jump if key support is defended

The past week for Tezos hasn’t been great, the digital asset lost around $300 million in market capitalization as Bitcoin continues gaining dominance over the market.

More Tezos News

TRX ready for a major price explosion according to indicators

Tron has been trading inside a tight range from $0.028 to $0.0239 for the past three weeks without a clear direction. Several indicators show that TRX is on the verge of a massive breakout, but in which direction?

More Tron News

Bitcoin leads the pack aiming for new yearly highs

The cryptocurrency market is slugging in recovery, accept for Bitcoin. Intense pressure continues to build on critical levels for major cryptocurrencies. 

More Bitcoin News


Bitcoin: BTC ready to escape from the range; bulls have $12,000 in mind

Bitcoin has been gaining ground amid positive fundamental developments. The flagship cryptocurrency is ready to break free from its current range and proceed with the recovery towards $12,000. 

Read the weekly forecast