Bitcoin
Why Bitcoin is up 1.5% today
Analysis
Bitcoin rose about 1.5% over the past 24 hours as ETF-related headlines supported sentiment, including CryptoNews reporting that Trump Media filed for crypto ETFs tied to Bitcoin and Ether. However, upside appeared capped as The Block noted BTC has remained defensive below $70,000 amid shallow demand and limited ETF-driven buying.
Contributing Factors (3)
Is Trump Media Good for Crypto After All? Files for Bitcoin, Ether, and Cronos ETFs
Trump Media Files for Bitcoin, Ether and Cronos ETFs with SEC The post Is Trump Media Good for Crypto After All? Files for Bitcoin, Ether, and Cronos ETFs appeared first on Cryptonews.
Bitcoin stays defensive below $70,000 as shallow demand limits upside, analysts say
Analysts expect bitcoin to continue to range between $60,000 and $72,000 as overhead supply and institutional outflows cap rallies.
Shiba Inu Open Interest Surges Against Bitcoin and XRP
Shiba Inu moves against broad futures market trend that saw Bitcoin, XRP and other leading cryptocurrencies record notable declines in open interest.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.