Bitcoin at $30K amid hopes of US trading boosting its price.

On June 26th, at the opening of Wall Street, Bitcoin (BTC) was priced at around $30,500 and was supported by bullish investors. Bitcoin’s price remained stable around $30,000 at the weekly close, according to data from Cointelegraph Markets Pro and TradingView. The US stock market open hours saw the most action and buying pressure, according to popular trader Daan Crypto Trades. Fellow trader Skew agreed, calling the June 26th US trading session “important.” Glassnode, an on-chain analytics firm, confirmed this trend and suggested that it could be part of a more long-term shift due to the US exchange-traded fund (ETF) filings. Meanwhile, Decentrader flagged a key resistance level overhead at just above $32,800. However, shorter timeframes showed a lack of interest in shorting BTC at current levels, increasing hopes of a resumption of the uptrend. Overall, trader and analyst Rekt Capital believes that the picture for Bitcoin remains one of strength, with any potential retracements set to be shallow in nature.

Magazine: This article covers various news stories including the potential job insecurity of Gary Gensler, the launch of BlackRock’s first Bitcoin ETF, and other news. The source of this information is Hodler’s Digest, with the articles published between June 11th and June 17th.