Bitcoin price weakens after hitting resistance, remains near multi month highs By Investing.com

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© Reuters. By Samuel Indyk Investing.com – was trading around $45,000 on Thursday morning after bumping into key resistance levels on Wednesday night. The world’s largest cryptocurrency has been ripping higher in recent weeks. Having traded below $30,000 on 21st July, Bitcoin has risen over 50% in that time frame to its current level around $45,000. Elon Musk’s appearance at the B-Word conference appeared to be the catalyst for the latest move higher when he said it was likely that Tesla (NASDAQ:) would start accepting Bitcoin again as payment for vehicles. The latest leg higher came following the passing of the US infrastructure bill on Tuesday. Some have argued that the cryptocurrency language in the bill would lead to declines in Bitcoin and other digital assets, given the requirement for brokers to report customer transactions to the IRS, while others have said that this legitimises cryptocurrencies as a mainstream financial asset. “The tax reporting langua
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