Bitcoin
Why Bitcoin is up 2.5% today
Analysis
Bitcoin rose about 2.5% over the past 24 hours as it rebounded toward the $71.5K area following a sharp sell-off, with spot buying helping drive the recovery even as derivatives indicators stayed relatively soft. Reports focusing on Bitcoin ETF flow dynamics also framed the move as a potential “final downside test” giving way to a bounce, supporting near-term upside momentum.
Contributing Factors (3)
All about Bitcoin and its final downside test before price recovery
Everyone in the Bitcoin market is hedging their bets right now.
Ripple Invited to White House, Peter Brandt Calls Out Bitcoin Manipulation, Musk Endorses Dogecoin, Vitalik Buterin Dumps Ethereum — Top Weekly Crypto News
This week's top stories: Ripple joins White House crypto summit; Musk promises DOGE to the Moon; Brandt flags BTC market manipulation, CZ denies it; Buterin is selling his ETH holdings.
Bitcoin rallies to $71.5K after historic sell-off, but derivatives metrics remain soft
Bitcoin price soared back above $71,000 but BTC options data shows pro traders are still extremely cautious about the sustainability of the rebound rally. Is the sell-off really over?
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.