Crypto

Bitcoin at a crossroads; reclaiming $69,000 could determine rebound

Bitcoin is testing direction around $69,000, the recent buyers\' average entry level, with $52,891.91 cited as a key downside risk zone if demand does not recover. It trades near $64,700, requiring a 6.69 percent rise to reach $69,000 and leaving 18.22 percent downside to $52,891.91. Selling pressure has eased, but buying has not confirmed a rebound. Mixed institutional and spot signals add to uncertainty.

Crypto

Bitcoin shows signs of rebound as it builds a base, Glassnode says inverse correlation with U.S. dollar strengthens

Bitcoin is showing signs of a rebound while still building a base, according to on-chain analytics firm Glassnode. It said bitcoin reacted more than other major assets after U.S. inflation data came in below expectations, suggesting selling pressure has largely been exhausted. Glassnode said bitcoin’s correlation with U.S. stocks has weakened since winter while its inverse correlation with the U.S. dollar has strengthened. It highlighted key on-chain price levels and noted easing selling pressure, while cautioning conditions are not yet sufficient to confirm a sustained uptrend.