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Crypto

Bitcoin rebounds on strong U.S. big tech earnings but near-term pressure persists

Bitcoin rose to the $78,000 range on strong earnings from major U.S. technology companies that eased market unease and lifted risk assets. Apple helped improve sentiment, while Alphabet, Microsoft, Meta and Amazon posted double-digit revenue growth. Even so, an assessment said the move looked more like relief buying than the start of a new upcycle. Near-term pressure persists amid weaker rate-cut expectations, ETF outflows, geopolitical risks and higher oil prices.

Crypto

Bitcoin nears bottom against gold as bottom calls gain traction

Analysts say bitcoin may be nearing a market bottom as its value against gold approaches a low. Mercado Bitcoin research head Roni Suster said weakness versus gold could signal a bottom, with cycle analysis suggesting a February low and a rebound from March. Jan3 CEO Samson Mow said bitcoin is undervalued versus gold market value and global money supply. The view comes amid global uncertainty, rising gold prices and bitcoin ETF outflows, though large investors increased spot bitcoin ETF exposure in mid-February.