Market Wrap: Bitcoin Stalls Near $40K as Buyers Take Profits
Analysts see the cryptocurrency's price as remaining range-bound.
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Bitcoin slipped below $50K and will likely consolidate this week, analysts say.
Market Wrap: Bitcoin Slips as Infrastructure Bill With Crypto Tax Provision Heads to House
Aug 10, 2021
Bitcoin pulled back as traders digest regulatory developments in the U.S.
Analysts expect higher volatility ahead of Friday’s month-end expiry.
Bitcoin dipped below $40K as traders digest proposed crypto taxes.
Bitcoin hits its highest level since mid May and has risen more than 15% over the past week.
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