Traders identify $40,000 as the pivotal level Bitcoin price needs to trade above in order to avoid a revisit of July’s swing low. In addition to the reversal from this week’s local low at $37,500, Gary Gensler, the chair of the United States Securities and Exchange Commission issued positive comments about the crypto industry and reaffirmed the goal of ironing out fraud in the ecosystem.
Market capitalization: $1.68T (+4.94%)
The BTC dominance: 44.07% (-1.08%)
Fear & Greed Index: 50 (Neutral)
Aggregated Volume — $43.6B
Aggregated Open Interest — $11.43B