Bitcoin price today trades near $67,795, down 0.46% after rejecting the $74,000 level earlier this week despite a string of bullish institutional developments. The move demonstrates that macro forces now override crypto-native news as Bitcoin’s correlation with traditional risk assets tightens. Daily Chart Shows $74,000 Rejection And Support Test Bitcoin Daily Price Action (Source: TradingView)
Bitcoin (BTC) may be facing a significant correction after a key bearish technical signal emerged on the three-day chart, raising the possibility of a move toward the $36,000 level. According to insights from TradingShot in a TradingView post on March 6, this outlook stems from the fact that the cryptocurrency has formed a death cross
President Donald Trump’s move to establish what he called a “Strategic Bitcoin Reserve” within the federal government was greeted with crypto-sector celebration at the start of his administration. The industry cheered it as further cementing the arrival of bitcoin $BTC$67,917.55 as a mature asset, but a year has passed, and there’s still no reserve. Trump’s
Circle has begun using its own stablecoin infrastructure to move money between internal entities, settling $68 million in transfers using $USDC, CEO Jeremy Allaire said Saturday. The transactions were executed through Circle Mint, the company’s platform for minting and redeeming $USDC. The firm’s treasury team used the system to carry out intercompany transfer pricing —
Goldman Sachs maintained its expectation regarding Fed interest rate cuts, but stated that the timing of these steps remains uncertain due to global developments and economic data. Goldman Sachs expects the Fed to cut interest rates twice this year. Lindsay Rosner, head of multi-asset fixed income investments at Goldman Sachs, said that emerging signals of
Friday’s U.S. employment report triggered a wave of selling across the cryptocurrency market and Bitcoin, putting downward pressure on its price, which fell below the important psychological level of $70,000. After the data was released, Bitcoin’s price declined about 2.8-3%, reaching intraday lows around $69,000 — specifically near $69,430 — within a few hours. The
Bitcoin’s recent price action has already followed a warning we highlighted earlier. When the asset was trading close to $73,000, we noted that weakening momentum could push the price lower. Since then, Bitcoin has fallen sharply and is currently trading near $68,000 at press time. The move comes during a weekend session when liquidity is
Robinhood took a hit on Friday when Venture Fund I fell 11% in its first day of trading on the New York Stock Exchange. The closed-end fund, which trades under RVI, was pitched as a way for retail investors to get exposure to private companies that usually stay out of reach until very late. Robinhood
Retail investors have been scooping up Bitcoin after it slipped below $70,000, but whale activity suggests the price could still head lower if past patterns repeat, according to crypto sentiment platform Santiment. “The moment Bitcoin hit $74k, these key stakeholders began taking profit,” Santiment said in a report on Friday. Santiment explained that whales —