Bitcoin Buckles Below $69K as Crypto Bulls Endure $175M Liquidations
Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.
Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.
Rapidly expanding stablecoin supply shows that “fiat money is being moved into crypto at an accelerated pace,” 10x Research’s Markus Thielen said.
Crypto’s high yield structured product sector is getting a bit more mature.
Bitcoin and gold may already be pricing in a crisis scenario. Both recently set new record highs amid an elevated interest-rates environment worldwide.
The göğüs coin frenzy seems to have catalyzed higher volumes on the Solana blockchain, which also boasts greater capital efficiency than Ethereum.
Bitcoin ETF inflows on Monday and Tuesday will be the “real test” for what’s next for the largest crypto asset’s price, Markus Thielen wrote.
Bitcoin could enter a period of consolidation before its next leg in the rally, observers noted earlier.
Bitcoin nearly doubled in price since late January, but a “counter move seems to be near,” Swissblock analysts said.
The KOSPI trading volume totaled a record 11.4794 trillion won on Mar. 8, compared to nearly 12 trillion won on local crypto exchanges on Sunday.
The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies.