Risk assets recover from oil-driven selloff as rising yields pressure Fed rate-cut bets.
Social media mentions of “altseason” have dropped to their lowest level in two years, according to Santiment data, a contrarian signal that has preceded previous rallies in speculative crypto assets.
Traders are watching $1.40 support after high-volume selling confirmed continued bearish structure.
BTC surged nearly 12% from Saturday’s lows before stalling, with Asia’s benchmark equities index headed for its worst week since March 2020.
The cryptocurrency traders near key price zone that has marked major turning points over the past two years.
Ether surged 7.5%, dogecoin jumped 7.5%, and solana added 5.3% as global equities rebounded and $700 million flowed into U.S. spot bitcoin ETFs since the start of March.
The strategy aims to build upside exposure in March and April while minimizing upfront cost.
U.S. spot bitcoin ETFs added another $155 Million on Wednesday, continuing a two week run of institutional inflows even as Glassnode warns underlying demand remains fragile.
The protocol has repurchased about 1.83 Billion SKY tokens with USDS while a March 2 governance proposal reduced staking emissions and expanded credit infrastructure around its USDS stablecoin.
The Bridgewater founder dismissed bitcoin’s safe-haven credentials on the same day gold dropped 3% while bitcoin fell less than 1%.
Bitfinex analyst argue that ETF inflows can be misread as immediate spot demand.
The largest cryptocurrency briefly reclaimed the top of its range on Tuesday before sellers pushed it back to $67,000, while South Korean stocks posted their worst two-day drop since 2008.