Bitcoin briefly touched $38,000 on Friday morning for the primary time since Could 2022 amid quiet buying and selling in conventional markets on the day after the U.S. Thanksgiving vacation. The cryptocurrency has since retreated barely, however stays 1.5% up on the day, with some observers predicting it’ll climb greater within the brief time period. Dealer Michael Van Pope mentioned in a tweet that the following value level for bitcoin is $40,000. “Slowly grinding upwards to a brand new resistance level and a break above $38K instantly means $40K is subsequent,” he wrote. Ether added nearly 2% on the day to commerce at round $2,100.
![[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?](https://cimg.co/wp-content/uploads/2024/02/26205235/btc.svg "[LIVE] July 31 Crypto Updates – Bitcoin Holds $118K as Powell Freezes Rates Despite Trump’s Pressure: Best Crypto to Buy Now?")
