Bitcoin ETF investors contend with price dropping to their aggregate entry level, but a crypto executive claims new institutions are lining up.
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Bitcoin price traded below $90,000 as investors braced for Jerome Powell’s post-FOMC speech that could trigger volatile swings toward key BTC price levels.
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Bitcoin options data shows bearish bets holding the advantage in Friday’s $10.8 billion expiry, unless bulls manage a pre-expiration breakout above $90,000.
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Data shows February tends to be one of BTC’s best performing months, leading Bitcoin network economist Timothy Peterson to dub it the real “Uptober” event. Will history repeat?
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Increasing Ethereum layer-2 activity and a notable bump in network fees may be an early sign that ETH is on the verge of a recovery.
- Altcoin Watch
Traders said Ether was preparing for a breakout to new all-time highs, with $10,000 ETH price target in sight.
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Bitcoin price analysis said that the Wyckoff "spring" event was due before the end of the month, with sub-$80,000 levels on the radar.
- Market Analysis
Bitcoin dropped below levels that historically marked cycle bottoms versus gold and preceded major rallies in dollar terms.
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