BTC has retested its immediate resistance as it reached the 12k level yesterday. Today, price took the hit at the immediate resistance and reverted back within the range - currently trading above 11,700. It is also worth noting that price is sitting above the 10 EMA which could be a potential trail support again. Otherwise, we could be seeing a potential retest of key support level if price doesn't hold above 11,500 - 11,400. Key levels remain intact with 12,400 as key resistance and 11,000 - 10,900 as key support.
Global market cap is at $383B, while BTC's market cap is at $216B.
Bithumb, South Korea's largest cryptocurrency exchange, is reportedly being investigated by Seoul police due to an investigation involving Lee Jung Hoon, Bithumb Korea and Bithumb Holdings' chairman of the board. According to local publication Seoul Shinmun's report, a search and seizure investigation has been conducted at Bithumb's office in Gangnam District on Tuesday, Sept. 2. The executive has been under investigation for alleged economic fraud relating to the token "BXA". The token was promoted as Bithumb's native token which turned out to be involved in a massive fraud causing damages worth 30 billion ($25 million) to investors.
Bithumb is the largest cryptocurrency exchange in South Korea and is the 9th largest crypto exchange in global rankings by average daily trading volume.
The Vienna Stock Exchange, or Wiener Börse, has become the third "official regulated market" in the world to list a Bitcoin product. The exchange listed 21 Shares AG's Bitcoin and Ethereum exchange-traded products (ETPs), 'ABTC' and 'AETH' on September 1. The listings allows local investors to access the benefits that a stock market can offer to crypto traders, including "monitored, regulated, and transparent trading with real-time information and secure settlement via their regular brokers" according to the stock exchange's head of development, Thomas Rainer. 21Shares' CEO Hany Rashwan highlighted that the listings mean that the Bitcoin ETPs are now available to all three 'DACH' nations - Germany, Austria, and Switzerland.
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