July 20 BTCUSD BingX Chart Analysis and Today's Headline
BTC has been fluctuating around the $30,000 level recently, indicating strong support below. Presently, BTC remains below the midline area, with substantial support seen near $29,500. The current market exhibits a consolidation pattern with lower levels of volatility. We should monitor the first support level at $29,500 and the resistance around $30,500 for intraday developments.
Tesla Hasn’t Bought or Sold Any Bitcoin for Four Consecutive Quarters
According to CoinDesk's report, Tesla's Q2 2023 financial results revealed that the company did not engage in any Bitcoin buying or selling activities, marking the fourth consecutive quarter with no transactions. The net value of the company's digital assets remained at $184 million, unchanged from the previous three quarters. At the end of Q2, Bitcoin's price was approximately $30,400, higher than the Q1 closing price of about $28,500. However, current accounting standards do not allow an increase in the valuation of digital assets based on price appreciation unless they are sold, while assets can be impaired even if not sold during price declines.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Tesla Hasn’t Bought or Sold Any Bitcoin for Four Consecutive Quarters
According to CoinDesk's report, Tesla's Q2 2023 financial results revealed that the company did not engage in any Bitcoin buying or selling activities, marking the fourth consecutive quarter with no transactions. The net value of the company's digital assets remained at $184 million, unchanged from the previous three quarters. At the end of Q2, Bitcoin's price was approximately $30,400, higher than the Q1 closing price of about $28,500. However, current accounting standards do not allow an increase in the valuation of digital assets based on price appreciation unless they are sold, while assets can be impaired even if not sold during price declines.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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