Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst
Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
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Above the all-time high of $73.7k these could be the new resistance levels to watch
After nine months of trading within consistent price channels, Bitcoin is threatening to break out above a new all-time high and enter true price discovery. My price channels have been noted for their correlation with key Bitcoin movements through 2024.
Bhutan moves $66M to Binance, cashes in on Bitcoin’s climb above $70k
Blockchain data shows that Bhutan’s government recently transferred over $66 million in Bitcoin to Binance.
Data from the blockchain analytical platform Arkham Intelligence showed that the Bhutan government-labelled address initiated three transfers out of its balance within four hours.
Is BlackRock Propping Up Bitcoin Price? Market Analyst Shares Details | Bitcoinist.com
Bitcoin has faced a turbulent week, with price swings ranging from a local high of $69,500 to a low of $65,000, cooling off after weeks of bullish excitement. Now, BTC is consolidating just below the crucial $70,000 level, a price point seen as a key threshold for the next major move.