Buyers have finally made something significant as the whole crypto market rose Saturday. There was a kind of correction phase Sunday, but there are signs of further growth that may happen Monday.
We think that the main reason for such a growth is the fact that Facebook has almost totally changed their minds towards cryptos. We have already mentioned in our previous reviews that Facebook administration is going to accept crypto ads.
Additionally, Facebook is going to acquire Coinbase and issue its own cryptocurrency. This U-turn may be the beginning of huge changes within the community.
As for news, Russia has delayed crypto law adoption putting it off until the end of summer. Russian policymakers asked for more time to make their decisions.
Bitcoin (BTC/USD) Price analysis, July 2
Bitcoin has added less than one percent in the past 24 hours, but the most important events happened on Saturday, when BTC price made a huge upside burst breaking through a couple of resistance areas. BTC/USD seems to finally find its support and thanks to news from Facebook the whole crypto market is positive currently.