In a surprising turn of events, Bitcoin (BTC) surged past $26,500, marking a 1.15% gain from the previous day's close. This boost brings Bitcoin to its highest point this month, dispelling concerns of a potential September curse that could have dampened its impressive year-to-date performance.
As of now, Bitcoin stands at $26,568, with bulls eyeing the $27,000 mark. However, formidable resistance looms, as indicated by a strong sell wall on Binance’s order book. On the support side, robust buy-side orders are evident at the $26,000 level. Notably, Bitcoin remains unfazed by higher-than-expected US inflation data reported this week, showcasing its resilience in the face of market fluctuations.
In broader crypto news, Genesis, once a titan among trading platforms, has ceased all trading operations globally. This decision comes in the wake of the 2022 collapse of crypto hedge fund Three Arrows Capital. Genesis cites this event and subsequent market turbulence as pivotal factors in their closure.