"Bitcoin surpassed $70,000 for the first time in a week on Monday, but then returned to its usual levels. 😂 This cryptocurrency is trading around $69,200, up 2% in the last 24 hours. Ethereum's ether is just under $3,800." 📈 didn't change.

Bitcoin and the broader cryptocurrency market have been consolidating for more than two months since BTC broke a record above $73,000 in March. “This correction phase is about to end,” Bitfinex analysts stated. 🎉

According to reports, selling by long-term holders was the main reason for bitcoin's correction from its all-time high, but blockchain data shows that these holders began accumulating BTC for the first time since December 2023. 🚀

The number of new bitcoin and ether deposit addresses has also increased in the last month, indicating the increasing bullish trend despite price stability. Bitfinex analysts cited CryptoQuant data.

Next week "could be interesting to watch," noted Joshua Lim, co-founder of Arbelos Markets. The release of inflation data and the Federal Reserve meeting could trigger volatility in both directions. 💥

What are you thinking? Let's discuss in the comments!#Bitcoin#Crypto#DeFi#Web3"