On July 7, Visa said that cryptocurrency users spent more than $1 billion on different goods and services through their crypto-linked cards in the first half of the year. That is a signal that the integration of cryptocurrencies in global trade is on the way.Because cryptocurrencies are becoming an integral part of the global financial system, Bank of America has created a new research team dedicated to blockchain and digital assets, Bloomberg reports. The main goal of the newly created bank team is to take advantage of one of the fastest-growing emerging technology ecosystems and capitalize on it.On July 9, Tesla CEO and well-known Dogecoin bull, Elon Musk criticized Bitcoin and Ethereum once again. This time Musk claimed that both cryptocurrencies are slow and with high transaction fees:Source: TwitterInterestingly, this time the prices of Bitcoin and Ethereum did not react to Musk\u2019s tweet. They remained unaffected \u2014 an indicator that the \u2018Musk Effect\u2019 is starting to fade away and the self-proclaimed \u2018Dogefather\u2019 is losing his influence over the market.And although some famous billionaires like Musk have recently become skeptical about Bitcoin, others are becoming more optimistic. Apple co-founder Steve Wozniak shared his admiration for BTC by calling the cryptocurrency \u201cthe most amazing mathematical miracle\u201d:Source: TwitterAfter another week in which the cryptocurrencies were trading in a very tight range, the Monday market starts on a positive footing. According to Coin360.com, one Bitcoin costs \u20ac28,960.38 (+2.77%), one Ethereum \u2014 \u20ac1,818.08 (+3.15%), one DOGE \u2014 \u20ac0.1826 (+2.62%), and one UNI \u2014 \u20ac17.87 (+5.48%):Source: Coin360.com (Daily crypto market performance)Now let us analyze the price charts of the leading cryptocurrencies against the euro in the most noteworthy time frames.BTC\/EURIn the daily chart (1W), the price of Bitcoin keeps on moving sideways within the consolidation range:The 360-day Moving Average (MA 360) is already very close to\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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