JUST IN: 🇺🇸 SEC Chair Paul Atkins says his 'key priority' | BeyOglu - The Analyst on Binance Square

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JUST IN: 🇺🇸 SEC Chair Paul Atkins says his 'key priority' is to establish clear regulatory framework for crypto.

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#Bitcoin Finds strong support near 50-EMA and now consolidating in the range 114k$-115k$. Bitcoin broke below its lower consolidation level at $116,000 on Thursday, declining nearly 3% over the next two days. The drop brought BTC to a retest of its 50-day Exponential Moving Average (EMA) near $112,974, a zone that also aligns closely with the previous all-time high of $111,980—marking a significant support area. After retesting this support, $BTC rebounded 1.48% on Sunday. As of Monday, the recovery continues, with the price trading above $114,500. If this support zone holds, Bitcoin may continue its upward move toward the previously broken $116,000 consolidation level.

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🔥NOW: There are less than 1.1M $BTC left to mine. Only 450 new Bitcoins get mined daily. And there are 8 billion people.🔥NOW: There are less than 1.1M $BTC left to mine. Only 450 new Bitcoins get mined daily. And there are 8 billion people.

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🇺🇸Key Events This Week: 1. July S&P Global Services PMI data - Monday 2. July ISM Non-Manufacturing PMI data - Tuesday 3. 10-Year Note Auction - Wednesday 4. Initial Jobless Claims data - Thursday 5. Total of 5 Fed speaker events this week 6. ~20% of S&P 500 companies report earnings It's going to be a busy August.

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NEW: 🇺🇸 U.S. States are embracing Bitcoin 💪 Every state could have a Strategic Bitcoin Reserve soon.

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What is there for Bitcoin in August? #Bitcoin reached a new all-time high of $123,218 on July 14, making an 8.13% return for the month. According to Bitcoin’s historical data, $BTC generally yielded a positive return for traders in August, with an average gain of 1.60%. If the regulation clarity, ETFs’ demand continues to strengthen, and tariffs and geopolitical uncertainty ease, traders could see positive returns in August.

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