#Bitcoin finally accepts refunds of over 27,000 USD after 4 days of testing. Overnight reports of a potential banking crisis in China saw Bitcoin surge 4%. DM VAH at $28,000 appears to be the first major resistance level. No need for FOMO here as we have the US stock open in a few hours and of course the development of the Monday Range. After a big move like this, I think it's best to let some price action develop rather than consider placing a limit on the order.
JUST IN: Eric Trump recently advised investors to capitalize on the current price drops in Bitcoin and Ethereum, urging them to buy the dip.
He expressed optimism about the long-term potential of these cryptocurrencies, suggesting that the current market correction presents a strategic opportunity for investors to acquire assets at lower prices.
This statement comes amid heightened market volatility, with Bitcoin and Ethereum experiencing significant price fluctuations in recent weeks.
Eric Trump's comments align with a broader sentiment among some investors who view dips as buying opportunities in the crypto space, though he did not provide specific reasons or market analysis to support his recommendation.
As always, investors are advised to conduct their own research due to the high-risk nature of cryptocurrency investments.
JUST IN: The SEC has approved crypto ETFs to directly use Bitcoin and Ethereum for creating and redeeming shares, moving away from cash-based transactions.
JUST IN: El Salvador's President Nayib Bukele held a meeting with Pakistan's Crypto Minister to discuss Bitcoin mining and energy resources, creating strategic Bitcoin reserves, and advancing Bitcoin education initiatives.