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Bingbon Chart

Source: TradingView& Bingbon

Bitcoin appears to have built a solid base around $40,000. The price of bitcoin has fallen from a $64,000 all-time high to near $30,000 before recovering. BTC has been testing $40,000 several times since then. The crypto market is trading mixed today, with Bitcoin trading at $40,900. Ethereum, on the other hand, was trading above $2,700 after the latest hard fork update. After a few months of consolidation, Ether is outperforming Bitcoin now. In the past week, ETH has risen over 10 percent, while Bitcoin is relatively stable. Bitcoin will have to find its footing at $42,000 this week if it is to further stoke the market’s enthusiasm. Let’s wait and see.

Today’s Headline

Mi Store Portugal, Xiaomi’s official retailer in Portugal, has announced the start of accepting cryptocurrency payments through a partnership with Utrust, a cryptocurrency payment service provider. Users can now use Bitcoin, Ethereum, Tether and Dash to buy Xiaomi devices such as smartphones, vacuum cleaners, and smartwatches.