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Bitcoin and altcoins perked up today, but is this rally nothing more than an oversold bounce?
Rising interest rates, delayed Bitcoin ETFs, global financial turmoil and other regulatory pressures are contributing to the crypto market’s underperformance.
Memecoins reflect a higher beta to the entire crypto sector, but does their recent 25% price drop signal a deepening bear market for BTC, ETH and large caps?
The argument that BlackRock gains from cheaper Bitcoin for its ETF launch isn’t straightforward, and neither is the idea that the government is suppressing BTC’s price.
Even altcoins slumped, with only Ripple and Cardano registering inflows.
BTC futures and options data show pro traders’ sentiment was not impacted despite last week’s 11.4% correction.
Bitcoin and select altcoins are starting to recover, but selling at the top of each price breakout suggests that bears remain in control.
Bitcoin is searching for stability in the $25,000 zone. Meanwhile, HBAR, OP, INJ and RUNE price looked primed for further upside.
Gryphon Digital is requesting dismissal from a suit filed by its former partner Sphere 3D over a scam-related Bitcoin transfer. According to Gryphon, the incident was caused by Sphere’s security failures.
SEC files motion for appeal on Ripple’s case, Bitcoin and Ether prices plunge and Europe welcomes first spot Bitcoin ETF.
