Bitcoin buyers are cashing out fast after short-lived jump to $74,000
The sharp move higher triggered heavy profit-taking from short-term holders, data shows.
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The sharp move higher triggered heavy profit-taking from short-term holders, data shows.
The outlook for the Fed grew cloudier on Friday, as the employment market weakened appreciably even as inflation could be worsening.
Bitcoin remained under pressure even as the data likely puts back in play the chances of Fed rate cuts in the first half of 2026.
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Social media mentions of “altseason” have dropped to their lowest level in two years, according to Santiment data, a contrarian signal that has preceded previous rallies in speculative crypto assets.
Traders are watching $1.40 support after high-volume selling confirmed continued bearish structure.
BTC surged nearly 12% from Saturday’s lows before stalling, with Asia’s benchmark equities index headed for its worst week since March 2020.
The cash flow generated will support the bitcoin miner’s expansion into AI and high-performance computing data centers.
Ether surged 7.5%, dogecoin jumped 7.5%, and solana added 5.3% as global equities rebounded and $700 million flowed into U.S. spot bitcoin ETFs since the start of March.