Source: CryptoPanic
Coinbase supports buying bitcoin with Apple Pay
Trading platforms are always an important role to facilitate trading transactions.
Coinbase, one of the largest cryptocurrency exchanges, recently announced to allow its users to buy cryptocurrencies with Apple Pay and instantly cash out up to $100,000, making the transactions easier and faster.
“Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction available 24/7,” said a Coinbase blog post on Thursday.
Supply-Demand Imbalance
The nonstop Bitcoin accumulation this year, especially after the all-time high of $65,000 in April, has already resulted in a supply shock.
A notable on-chain analyst, Willy Woo tweeted:
“Just a matter of patience and time before $42k breaks. Strong HOLDers, the Rick Astleys of this world, have been taking this opportunity to scoop large amounts of coinage while we’re under the resistance ceiling.”
Source: Willy Woo
And he updated today that the exact value is $53,200 today according to the bitcoin supply shock.
Source: Willy Woo
Now both news and data in the market are optimistic, suggesting a bullish August and even Q4. No matter if you are a long-term or short-term trader, longing Bitcoin is a wiser choice.
With cryptocurrency getting commonplace, more and more cryptocurrency trading platforms are emerging. If it is hard for you to pick a cryptocurrency trading platform out of thousands of ones, Bexplus may impress you with its features.
How To Invest In The Downside?
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