Gate News bot message, Bitcoin’s 200-day moving average is deteriorating at the fastest pace since 2022. This type of momentum collapse has not been observed during healthy market conditions, according to historical data. The last time such a signal appeared was during the 2022 bear market.
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Related Articles
Bitcoin Price Prediction: Wall Street Funds Flow Back into BTC, ETF Attracts $167 Million in a Single Day, Altcoin Funds Continue to Withdraw
Institutional funds are flowing back into the Bitcoin market, with the US stock spot Bitcoin ETF recording a net inflow of $167 million, while investments in Ethereum and others are continuously withdrawing. The current price of Bitcoin is approximately $71,000. Analysts believe that under the influence of the macro environment and geopolitical factors, institutions prefer Bitcoin. Long-term institutional holdings are still increasing, with future target prices possibly ranging from $110,000 to $170,000. On the technical side, $72,000 is an important resistance level, and a drop below $65,000 could trigger a correction.
GateNews10m ago
French Cryptocurrency Robbery Reappears: Couple Threatened with Knife by Impersonators Claiming to Be Police, Forced to Transfer Nearly $1 Million in Bitcoin
On March 11, a violent robbery occurred in western Paris, France, where three assailants posing as police officers forced a couple to transfer approximately 900,000 euros worth of Bitcoin. The incident exposed the risks of "wrench attack," making France a high-risk area for such crimes. Law enforcement agencies have launched an investigation, and security experts warn cryptocurrency holders to prioritize personal safety and information protection.
GateNews13m ago
Bitcoin drops below $70,000: Iran conflict and US CPI ahead trigger risk aversion, market closely watches the $80,000 key level
Bitcoin price drops below $70,000 again due to geopolitical risks and market caution. Trump's warning to Iran has increased market uncertainty, and high oil prices are affecting investor confidence, despite institutional continued buying of Bitcoin. Market sentiment remains cautious, with investors paying attention to U.S. CPI data and the progress of the CLARITY Act.
GateNews21m ago
Manufacturing industry is also accumulating Bitcoin: GIGA holdings surpass 1,250 coins, and corporate Bitcoin reserves continue to expand.
GIGA Inc. has increased its Bitcoin holdings by 38.03 BTC again, bringing the total to 1252 BTC. This indicates that corporate Bitcoin reserve strategies are expanding from the tech sector to traditional manufacturing industries, as companies begin to incorporate Bitcoin due to inflation and financial diversification needs. This trend has strengthened investor confidence in Bitcoin.
GateNews34m ago
