Bitcoin rallied to $69,482 on Friday, and the rally coincided with data showing steady accumulation from smaller-sized holders in February. Analysts say the breakout may evolve into a broader bullish trend, although other data suggests that a longer period of price consolidation will underlie the emerging bull trend.Key takeaways:BTC broke above the $69,000 resistance and …
Key points:Bitcoin is attempting a comeback, which is expected to face stiff resistance at the breakdown level of $74,508.Several major altcoins are attempting a recovery, signaling that lower levels are attracting buyers.Bitcoin has risen above $68,500, as buyers attempt to form a higher low near $65,000. According to Glassnode, BTC is stuck between the true …
Bitcoin investors are being forced to rethink why they hold the asset as inflation data cools, according to Bitcoin entrepreneur Anthony Pompliano.“I think the challenge for Bitcoin investors, can you hold an asset when there is not high inflation in your face on a day-to-day basis?” Pompliano said during an interview with Fox Business on …
A reversal in memecoins could come sooner than traders expect, even amid choppy conditions across the broader crypto market, if history is any indication, according to crypto sentiment platform Santiment.“There is a growing narrative of "nostalgia" regarding memecoins, with many traders treating the sector as if it is permanently dead,” Santiment said in a report …
Bitcoin will become “more valuable than ever” after deflation stops covering “up the impact" on the US dollar, according to Bitcoin entrepreneur Anthony Pompliano.
Bitcoin’s post-CPI rally above $69,000 could help complete the V-shaped recovery chart pattern and also confirm that $60,000 was the sell-off bottom.
Bitcoin onchain analysis eyed a potential end to the BTC price downtrend as its MVRV ratio returned to levels not seen in three years.
Bitcoin has seen record realized losses in one of the cryptocurrency’s largest-ever capitulation events as short-term holders sold at steep losses amid its decline.
Glassnode analysts said Bitcoin remains stuck between “key cost-basis levels,” adding that a prolonged consolidation period may lie ahead for BTC even if traders are actively buying dips to the range lows.
A mistaken Bitcoin payout revealed how exchange ledgers work and why South Korea is rethinking internal controls for crypto platforms.
