Bitcoin hit $74k — but losing $70k could send it back toward $60kBitcoin rebounded from $63k to nearly $74k in days, but on-chain data shows the rally only holds if $70k flips from resistance into support.
Happy Thursday!Bitcoin rockets from $63k to a peak of $74k before pulling back, but holding $70k as support is crucial to avoid a drop toward $60k, while reclaiming $72k signals a brewing massive short squeeze amid ETF inflows and geopolitical sparks. In a game-changer for crypto infrastructure, Kraken bypasses TradFi delays by securing its own Fed master account, opening doors for stablecoin firms to tap payment rails directly. Explore the full stories below. The global crypto market cap is $2.42 trillion, with a 24-hour volume of $127.29 billion. The price of Bitcoin is $71,372.04, and BTC market dominance is 59.0%. The price of Ethereum is $2,080.40, and ETH market dominance is 10.4%. The best-performing sector is Gambling, which gained 9%. The Crypto Fear & Greed Index is currently Extreme Fear (22). 📰 Top News
Bitcoin hit $74k — but losing $70k could send it back toward $60kBitcoin rebounded from $63k to nearly $74k in days, but on-chain data shows the rally only holds if $70k flips from resistance into support. Bitcoin reclaims $72k and a massive short squeeze could be brewingBitcoin surges as high as $72,000 amid geopolitical tension, flipping market sentiment and testing key resistance levels amid significant ETF inflows. Kraken got fed up of waiting on TradFi so it built its own bank to access the Fed — and it just workedKraken’s master account could redefine pathways for crypto firms seeking direct access to the Federal Reserve’s payment rails. $BANK Sale Begins on Solana, Targeting Poker Staking MarketWith no KYC and an open public sale, $BANK invites crypto investors to participate in high-stakes poker action on Solana’s Metaplex.
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About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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