Bitcoin
Why Bitcoin is up 1.7% today
Analysis
Bitcoin rose 1.7% over the past 24 hours as market focus shifted toward signs of stabilization and a potential recovery following the recent sharp selloff tied to ETF-flow-driven risk-off sentiment. AMBCrypto pointed to BTC approaching a “final downside test” before a rebound, while CoinDesk highlighted that the prior drop below $70,000 was exacerbated by heavy selling after post-election gains were erased—setting the stage for a relief move as that pressure eased.
Contributing Factors (3)
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.
All about Bitcoin and its final downside test before price recovery
Everyone in the Bitcoin market is hedging their bets right now.
Bitcoin falls below $70,000 after erasing post-election gains during 'sell at any price' rout
Crypto sentiment was hit as Gemini plans to close operations in several regions and cut staff, while spot bitcoin ETF flows turned negative.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.