Bitcoin
Why Bitcoin is up 2.0% today
Analysis
Bitcoin rose about 2% over the past 24 hours as ETF-related headlines helped support sentiment, even while price action remained capped below $70,000 due to still-shallow demand. The Block noted BTC has been “defensive” under $70,000 with limited upside tied to modest ETF flow dynamics, which fits a grind higher rather than a breakout.
Contributing Factors (3)
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.
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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.