Japan's 'invest locally' plan likely to spur demand for assets like bitcoin, gold
COINDESK ·
Newest version of crypto Clarity Act may drop as soon as next week, sources say (CoinDesk): The U.S. Senate may release a draft of the legislation that would regulate the crypto industry by July 13, and Senate floor action could take place before the end of the month. Bitcoin's $60,000-$70,000 range becomes third longest consolidation in history (CoinDesk): Bitcoin is trading around $64,000, marking 307 days within the $60,000- $70,000 range. That's the third-longest time in any $10,000 price band in its history. World shares mostly climb and oil prices slip as traders monitor Iran war developments (AP): World shares mostly advanced on Friday, helped by gains in technology-related shares, while oil prices slipped as traders watched for developments in the Iran war. Treasury yields little changed as investors track Middle East developments (CNBC): Treasury yields held steady after the U.S. said it will continue “technical talks” with Iran despite the recent flare-up. The chart shows bitcoin's price swings in candlestick format along with its 50-day and 200-day simple moving averages. As the upswing gathers pace, the 50-day average at $65,440 is the first resistance level to watch for. A break higher would shift focus to the June high of around $67,300, from where the market turned lower.
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