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Crypto

Bitcoin retreats after 12-week high, fails again near $79,000

Bitcoin briefly reclaimed a 12-week high of $79,399 but fell back in Asian trading and failed to retake $80,000. It was last down 2.09 percent over 24 hours at about $77,700. Analysts flagged $80,000 as a level where selling often emerges as underwater positions are closed. Major altcoins also weakened. Funding rates in perpetual futures remained negative, leaving room for a short squeeze if spot prices hold above breakeven levels.

Crypto

Bitcoin April return nears best since 2020

Bitcoin has gained 13.71 percent so far in April, nearing its strongest April return since 2020. It would need about another 0.5 percent rise by month-end to beat last April’s 14.08 percent and post its best April performance in the past five years. April has historically been a strong month for bitcoin, but recent years have been mixed. Despite the rebound, sentiment remains in fear territory and geopolitical risks persist.

Crypto

Bitcoin futures long bias deepens, $77,000 defence key

Long positions in the bitcoin futures market are increasingly outweighing shorts, with the long-to-short ratio above 3 to 1, according to CoinGlass data cited by BeInCrypto. Traders are watching whether bitcoin can regain direction around $77,500 after failing to break above $80,000 earlier last week. Liquidations have been heavier on long positions, while open interest in perpetual futures fell about 6 percent to 744,300 BTC over 24 hours.