Bitcoin Slips to $65K Amid Stronger Dollar, But Analyst Says the ‘Pullback Is Over’
Bitcoin needs to reclaim the $69,000 level to reignite its uptrend, one trader noted.
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Bitcoin needs to reclaim the $69,000 level to reignite its uptrend, one trader noted.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The cryptocurrency does not operate in a vacuum, and its price is also affected by non-crypto influences, such as macro factors, the report said.
Crypto markets dumped, then jumped, as regulatory headwinds and macroeconomic decisions played their hand in a rollercoaster 24 hours.
Speculative frenzy characterised by irrational exuberance and greed is an infamous sign of an impending market top.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 21-26.
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market risk of a more hawkish stance.
There’s no slowdown in blockchain news, with Ethereum’s Dencun upgrade in the rear view mirror and Bitcoin’s halving now just over three weeks away. We spoke with Solana’s Anatoly Yakovenko about the meme coin frenzy stressing the suddenly-active blockchain.
Policymakers forecasted Wednesday they would lower interest rates to 4.6% by year-end, similarly to their December projection.
Several months ago, the halving was expected to take place on April 28; now it’s on track to land on April 18. Blame the surge in bitcoin’s price, which has attracted more mining power and sped up the network.