Odaily Planet Daily News: Bitcoin failed to hold above $70,000 after rebounding over the weekend and has declined for the third consecutive day. Amid weakening spot trading volume, the Crypto Fear & Greed Index remains in the “Extreme Fear” zone. On-chain data provider Glassnode states that this correction is still mild compared to historical cycles, with no signs of panic selling typically seen at cycle tops, suggesting it may be a good point for medium- to long-term positioning. Meanwhile, Bitcoin spot ETFs have maintained stable net inflows over the past three days, providing some hedge against market selling pressure. With spot trading volume low, leveraged funds are driving short-term price fluctuations. Previously, Bitcoin’s rebound from lows was affected by crowded short positions, and short-term prices may continue to fluctuate sharply within a range. On the macro front, weaker-than-expected US retail sales data has boosted expectations for rate cuts and suppressed the dollar’s strength. The market will next focus on non-farm employment and inflation data, which could further influence risk asset sentiment. (CoinDesk)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin to Reach Gold’s Market Cap in 15 Years, Scaramucci Predicts; How Much Would BTC Cost Then? - U.Today
Anthony Scaramucci expressed strong confidence in Bitcoin, stating it's his largest investment. He predicts it could reach gold's value, potentially hitting $1.5 million per coin in 10-15 years. Tim Draper also forecasts significant Bitcoin price increases, emphasizing its limited supply.
UToday11m ago
Bitcoin Breaks Through $72,000, Futures Open Interest Reaches $107.6 Billion, Hitting Recent High
Bitcoin rose approximately 2% on March 13, breaking through $72,000 despite strong dollar performance and weakness in US stock futures. Crypto futures open interest across the market increased, with Bitcoin and Ethereum showing particularly strong performance. Meanwhile, the Trump-themed Meme coin TRUMP surged over 30%.
GateNews13m ago
Strategy Buys 4,038 Bitcoin Using STRC Shares
Corporate interest in Bitcoin continues to grow, and few companies demonstrate that commitment like Strategy. The company, led by Michael Saylor, continues to expand its digital asset holdings through innovative financing methods. Recent reports indicate that Strategy completed another significant S
Coinfomania19m ago
Best Crypto to Invest in March: Bitcoin Panic Selling, TRON Pullback and Polkadot ETF News Vs DOG...
Recent market volatility has challenged a long-standing narrative in crypto. When an oil-driven macro panic recently hit global markets, traders sold off Bitcoin rather than treating it as a safe-haven asset, highlighting how capital still flows quickly out of crypto during uncertainty. This shift i
BlockChainReporter30m ago
