Crypto News

Bitcoin's Struggle to Break Through Resistance Levels Despite several attempts to break through the $40,000 resistance level, Bitcoin has faced significant selling pressure in recent weeks. The digital asset's price has been unable to sustain above this key level, leading to multiple failed attempts at a breakout. This has caused concern among investors and traders, who are closely monitoring Bitcoin's performance as a potential indicator for the broader crypto market. The Role of Institutional Investors One factor that could potentially impact Bitcoin's price is the involvement of institutional investors. Over the past year, there has been a surge in interest from traditional financial institutions, with major players like MicroStrategy, Square, and PayPal investing in the cryptocurrency. This influx of institutional capital has been a driving force behind Bitcoin's rally, and their continued involvement could help stabilize and push the price higher. Th...