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JUST IN: $1,000,000,000 $USDT minted at Tether Treasury on Ethereum.
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Market Update As mentioned on Monday, the $96.1k level was a key area to watch for a potential retest, and Bitcoin has responded with a 3% move since. The $97.7k level, which aligns with the Weekly Open, has acted as a point of resistance with each 4-hour candle close, and this is something to monitor closely for further direction. Currently, Bitcoin is trading in the middle of the range on both lower and higher time frames. The best approach right now is to wait for a definitive break of support or resistance to gain more clarity on the next move. If BTC can break above $97.7k, a push toward the $102k area could be on the horizon.
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Market Update Bitcoin showed a solid recovery yesterday, posting a massive Monday range. The $102.2k level, aligned with the Monthly Open, proved to be a potential short zone, with a 4% correction playing out exactly from there. The orange trendline support continues to hold, but there's still a possibility of a retest around $96k. On the flip side, if Bitcoin can secure acceptance above $102.2k, a push towards $105k could be next. Eyes will also be on David Sacks, the US Crypto Czar, who is set to deliver a speech today from the White House on digital assets—potentially sparking volatility in the market. This week’s Monday range sits between $91.1k and $102.3k, a crucial zone to monitor for direction.
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Market Update Over the past 24 hours, we've seen a significant liquidation across the crypto market, with Bitcoin testing $91k. This move is largely driven by the uncertainty surrounding US trade tariffs, which begin today, and it's affecting all financial markets. For now, it's crucial to monitor how the US stock market reacts, especially with it being a Monday. Bitcoin is still range-bound between $90k and $110k, but altcoins have been hit hard, with Bitcoin Dominance reaching a 4-year high. The key will be whether BTC can hold above the orange support trendline by the daily close. Stay tuned for further developments as the day progresses—today could be a pivotal one for both BTC and the broader market.
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