Bitcoin Price In A Standstill: Is An Upward Trend Coming Next Week?
The Bitcoin price is at a standstill, trading around $59,039 and meeting resistance at $59,420 within a sustained downward range.
Despite several attempts, the price has struggled to break above this critical level, signalling a continued bearish sentiment.
Traders are closely watching this key resistance, as a failure to overcome it could lead to further declines toward $57,724.
Ledn CEO Adam Reeds highlighted how Bitcoin-backed loans can enhance the velocity of money in an economy. Traditional banks often don’t accept Bitcoin as collateral, leaving long-term holders with limited borrowing options.
To solve this, Ledn allows people to borrow money against their Bitcoin holdings. This provides quick access to cash, especially for small companies that might otherwise face long wait times with regular banks. Reeds argues that Bitcoin is a superior form of collateral compared to real estate or stocks, as it doesn’t depreciate over time.
Ledn CEO：比特币抵押贷款可加速资本流动
Ledn 的 CEO Adam Reeds 表示，比特币抵押贷款可以显著加速货币和资本的流动。Reeds 解释说，许多比特币持有者不愿出售 BTC 以获取流动性，且传统金融机构通常不接受比特币作为抵押品，这导致比特币资产未能有效利用。
Key Benefits:
This increased integration of Bitcoin in finance could be contributing to the recent rise in BTC prices.
U.S. cryptocurrency executives are organizing a fundraiser for Vice President Kamala Harris on September 13, aiming to raise over $100,000. The event, hosted by the Drua Fund, seeks to influence Harris’s stance on crypto, particularly in light of the current administration’s restrictive policies.
Key Details:
US crypto executives to throw Washington fundraiser for Harris https://t.co/30L1LvJKKr
Organizers, including leaders from the Blockchain Foundation and lawyer WilmerHale, hope Harris will advocate for crypto innovation and broader
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