Crypto Daily | Bitcoin Tops $75K; Ethereum Reclaims $2,300; BitMine Soars 14%; Saylor's Strategy Ramps Up Sales of Preferred in Latest Bitcoin Purchase
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Touches a Six-Week High as Investors Pour Into...
0224 GMT - Bitcoin investors are watching whether this week marks an inflection point or merely a temporary bounce in a broader risk-off environment, with recent data suggesting the former, says Rachael Lucas, crypto analyst at BTC Markets. She notes bitcoin has risen about 10% over the past week, showing signs of decoupling from the S&P 500 and gold. A five-day ETF inflow streak totaling $767 million, whale holdings reaching a six-year high and a stablecoin market at record capitalization all support a structural case for bitcoin and the broader digital asset market. "Bitcoin's behavior during last week's macro stress event looked less like a speculative asset and more like a non-correlated store of value," Lucas adds. BTC Markets says investors should watch ETF inflows, whether bitcoin reaches $73,000, and whether the decoupling trend persists.
I need to buy more to average my previous high priced portfolio.
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All prices are too high. I'll buy Bitcoin, Gold and Silver only.
The Stock Market Now Drives the Economy. How Long Can It Last?
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