Bitcoin revives gold correlation as BTC price nears $117K
Bitcoin pushed higher toward $117,000 on Wednesday as bulls ignored downside liquidity to follow gold as it hit fresh all-time highs.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin pushed higher toward $117,000 on Wednesday as bulls ignored downside liquidity to follow gold as it hit fresh all-time highs.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Gold holds decline as US strikes on Iran drive energy prices higher, crypto markets feel the heat
Rising energy costs from geopolitical tensions may lead to tighter monetary policies, impacting non-yielding assets and crypto mar...
Cardano Price Prediction: ADA Pulls Back to $0.17 After a Strong Weekly Rally as Bulls Watch $0.20 and $0.22 Reclaim
Cardano price is trading near $0.17 after a weaker 24-hour session, according to Brave New Coin data. ADA is down around 4.84% on...
Bitcoin’s ETF comeback is relying on a $79B futures market betting the rebound holds
Bitcoin’s rebound above $63,000 is being helped by renewed ETF inflows, but the harder test will now be whether the liquidity bene...
Ethereum Price Stabilizes as Tether Burns $2.5 Billion USDT Stablecoins
Ethereum is slipping by more than 2% as massive $2.5 billion USDT burn on Ethereum dragged its price prediction down. Although ETH...
Lyn Alden: No Cavalry Is Coming for Bitcoin
Lyn Alden built her reputation by refusing to tell Bitcoiners what they want to hear, and her latest appearance on Natalie Brunell...
Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher
Bitcoin Magazine Bitcoin Slips to $62,000, Paring Rebound as CryptoQuant Sees Room Higher Bitcoin traded near $62,000 today, surre...