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Market Update The wider cryptocurrency market entered a period of consolidation on July 27 following Bitcoin’s (BTC) brief spike above $40,000 the day before that helped ignite a rally across the market and brought a renewed sense of optimism to the market.  Data from Cointelegraph Markets Pro and TradingView shows that a mid-day attempt by bulls to lift the price of BTC back above the $40,000 level was rejected resulting in a price pullback to $37,500. BTC/USDT 4-hour chart. Source: While Tuesday s price pullback may suggest that Monday s rally was simply a short squeeze, others point to the rising Grayscale Bitcoin Trust (GBTC) premium, which is now at the highest levels in months at -5.88%, suggesting that institutions are once again betting on more BTC price upside. 

Ben lillyGrayscale bitcoin trustCointelegraph markets proRekt capitalJarvis labsBear wolfCat bounceShort squeezeTreasury secretary yellenAxie infinityபென் லில்லிகிரேஸ்கேல் பிட்காயின் நம்பிக்கைஜார்விஸ் ஆய்வகங்கள்தாங்க ஓநாய்பூனை பவுன்ஸ்குறுகிய கசக்கி