Senin, 17 Maret 2025

Bitcoin shows weakness below $80,000 prompting potential bearish timeline

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Bitcoin shows weakness below $80,000 prompting potential bearish timeline

Thin supply between $70,000 and $80,000 hints at limited Bitcoin buying activity.

CryptoSlate

Mar 17

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Happy Monday!

Welcome to today's CryptoSlate newsletter! Bitcoin faces uncertainty as it struggles below $80,000, with thin supply between $70,000 and $80,000 hinting at limited buying activity. Meanwhile, France's central bank governor warns of financial upheaval as Trump backs crypto, and XRP defies the sector's record $6.4 billion ETP outflows by reaching $1.2 billion AuM. Adding to the drama, a Bitcoin whale tests market resilience with a $450 million short position on Hyperliquid. Dive into these stories and more below.

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The global crypto market cap is $2.74 trillion, with a 24-hour volume of $74.62 billion. The price of Bitcoin is $83,580.16, and BTC market dominance is 60.7%. The price of Ethereum is $1,922.01, and ETH market dominance is 8.5%. The best-performing sector is Storage, which gained 12%. The Crypto Fear & Greed Index is currently Extreme Fear (32).