Bitcoin Plunges to $66K, Altcoins Tumble 10-15% on Ugly Day for Risk Assets
Investors may expect market weakness due to the tax season, Ryze Labs said in a report.
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Investors may expect market weakness due to the tax season, Ryze Labs said in a report.
Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.
Contrasting Bitcoin derivatives with Ethereum’s tells us a story around the potential opportunity for a post-halving rotation.
Bitcoin is showing resilience despite the slip, but the corrective period might continue for a while before a return to growth, one observer noted.
U.S.-listed spot bitcoin ETFs saw over $830 million of outflows so far this week, and are poised for the first negative week since late January.
The market might take a breather this weekend, says Singapore’s QCP Capital.
Bitcoin needs to reclaim the $69,000 level to reignite its uptrend, one trader noted.
Bernstein boosts bitcoin year-end price target ( Hans Eiskonen/Unsplash)
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market risk of a more hawkish stance.
Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.