Bitcoin sees dramatic slide below $65K over four hours
Bitcoin had only slightly recovered above the $65,000 mark as of press time, with downward pressure remaining in the market.
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Bitcoin had only slightly recovered above the $65,000 mark as of press time, with downward pressure remaining in the market.
Mike Dalton 3 min read
The central bank also reaffirmed its intention to cut rates during 2024, driving the odds of a June cut to 70%.
The strategy is seen as a savvy maneuver to capitalize on the crypto market's positive momentum while safeguarding shareholder value.
Saylor said Bitcoin is a far superior when compared to any other conventional asset, including gold, real estate and equities.
Bitcoin set a new all-time high for the second time this week after US unemployment data increased expectations of rate cuts in the coming months.
The asset manager has filed an amendment to include Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX).
On-chain data shows the stability is a result of strong investor confidence, evidenced by over 1 million addresses accumulating over 671,000 BTC.
Back said that Bitcoin typically surges in condensed timeframes during bull markets, and the roughly 20% climb this month indicates building momentum.
The Pepe and wider memecoin rally was driven by market momentum from Bitcoin's climb to $57,000 on Feb. 26.