Is Bitcoin Out of Its Bear Market? These Analysts Think So
Bitcoin Magazine reports that analysts believe Bitcoin may be out of its bear market, citing behavior that resembles previous cycles in which the cryptocurrency entered a bull market.
Related news
Based on this story’s market and assets
Ethiopia cuts Bitcoin miners’ power by 77% amid hydropower shortage
Ethiopia cut electricity for Bitcoin miners by 77% as lower reservoir inflows created a hydropower shortage. The state-owned utility is prioritizing households and manufacturers, despite miners generating 35% of its revenue last year.
Bitcoin Coinbase Premium Falls to One-Month Low as U.S. Demand Weakens
Bitcoin’s Coinbase premium fell to a one-month low as U.S. demand weakened. CoinDesk cited a setback for the Clarity Act and expectations of a Federal Reserve rate hike as additional pressures on BTC sentiment.
Bitcoin Coinbase Premium Falls to Monthly Low After CLARITY Act Vote
Bitcoin’s Coinbase Premium reached a monthly low after the US Senate voted against the CLARITY Act. Cointelegraph also reported BTC transfers to exchanges at an unrealized loss, indicating weaker US demand.
Bitcoin Faces Renewed Selling Pressure Ahead of Fed
Bitcoin’s Monday rebound was erased as spot and perpetual selling intensified, CryptoSlate reported. Large futures positioning remained in place, potentially magnifying the next market move ahead of the Federal Reserve.
Tonkeeper Rebrands as Keeper With Support for Bitcoin, Ethereum and Tron
Tonkeeper is becoming Keeper as its self-custodial wallet expands beyond The Open Network. The service now supports seven blockchains, including Bitcoin, Ethereum and Tron, with more financial products planned.