Bitcoin’s price was up 3% after constant drawdowns since the end of January. The top cryptocurrency managed to rebound above $80,000 after a brief decline below the range on March 11. Bitcoin weekly chart. Source: Cointelegraph/TradingView After the US core Consumer Price Index (CPI) came in lower than expected at 3.1% on March 12, Bitcoin’s…
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Bitcoin (BTC) registered a daily and weekly close at $80,688 on March 9, the lowest close since Nov. 11, 2024. Bitcoin also dropped below its key 200-day exponential moving average (200-D EMA) for the second time in two weeks, indicating further high time frame (HTF) weakness in the charts. Bitcoin 1-day chart. Source: Cointelegraph/TradingView While…
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Bitcoin has struggled to trade above $90,000 since falling below $95,000 on Feb. 24. The crypto asset has been subjected to severe price fluctuations over the past week, with Bitcoin’s (BTC) realized volatility, reaching its highest level since Q3 2024, according to Glassnode. BTC annualized realized volatility. Source: Glassnode While the market braced for further…
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The total crypto market capitalization reached a new all-time high of $3.73 trillion on Dec. 14, 2024, but since then, the metric has dropped 21% to $2.91 trillion. Despite the current drawdown, one analyst believes the metric could reach new highs in Q2 2025. Total market cap and global liquidity index are correlated Mark Quant,…
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Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart. Source: Cointelegraph/TradingView Despite February’s monthly candle closing at $84,299, BTC’s (BTC) weekly close formed a doji candle,…
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Bitcoin’s (BTC) price dropped to a new yearly low of $78,258 on Feb. 27, leading some analysts to suggest that the cryptocurrency is now in an optimal purchasing zone. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Bitcoin’s 60-day RCV hints at low-risk accumulation Crazzyblock, a Bitcoin trader and verified analyst on CryptoQuant said that Bitcoin’s 60-day RCV…
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Bitcoin’s (BTC) daily chart registered a bearish three-blind mice pattern over the past three days, taking BTC’s value outside the long-term established range between $110,000 and $90,000. Bitcoin 1-day chart. Source: Cointelegraph/TradingView Over the past 24 hours, Bitcoin tested the fair value gap, but BTC has struggled to establish bullish momentum from the $82,000 range…
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Bitcoin whales move 26,430 BTC to known accumulation addresses as nearly $2 billion is liquidated from the total crypto market. Source link
Bitcoin’s $860 billion realized market cap indicates fresh capital inflows even as prices continue to weaken under $95,000. Source link
Reduced inflows to the spot BTC ETFs align with Bitcoin recent low volatility but a price reversal could be in the making. Source link