coingape.com
- Bitcoin bounces off support at $31,000 as investors look toward $40,000.
- Dogecoin slips to $0.2 amid the hunt for robust support ahead of recovery attempts.
Bitcoin tumbled from June highs above $41,000 and tested support at $31,000. This buyer congestion zone has been tested and held twice within the same month. The freefall is said to have been triggered by a crackdown on Bitcoin and crypto trading activities in China. The People’s Bank of China (PBOC) is determined to purge the nation of other crypto-related activities ahead of its planned digital yuan rollout.