Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $ 55,338. Over the past 24 hours, Bitcoin’s price has ranged between $ 53,550 and $ 58,673, with a market capitalization of $ 1.08 trillion and a 24-hour …
Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, says bitcoin is “becoming an alternative currency on a global basis,” noting that “The world’s going towards intangible assets and bitcoin is the most significant in cryptos.” However, the strategist warned that as bitcoin’s price approaches $ 70,000, a key test for the cryptocurrency may come “when …