The cryptocurrency trend was positive over the past 24 hours, though Bitcoin traded unchanged around $65,840, trading 4 percent below its all-time high reached on Tuesday. The price of Bitcoin has risen 54 percent over the past month.Â
“From a technical perspective, we're close to the end of the pre-halving rally for #Bitcoin. Macroeconomic data is likely going to have an impact this month + the pre-halving rally finishing off. What's next? We'll sweep to $70K and take liquidity as a scenario,” said the founder and CEO of MN Trading, Michaël van de Poppe.
BlackRock held 183,345 Bitcoins on March 5, its fund prospectus shows. The world’s largest asset manager will soon overtake that of MicroStrategy, 193,000 Bitcoins. Yesterday, the latter announced it will issue a bond due 2030, with a coupon of 0.625 percent, to raise $700 million. This is $100 million more than announced earlier this week. The proceeds will be used to buy additional Bitcoin and for general corporate purposes, MicroStrategy said.
A bullish sun shines over the global crypto market in the next 24 hours and week, signaling upside potential for Bitcoin, Ether and most other altcoins covered by ATTMO. Dogecoin and Uniswap buck this positive trend and will face bearish clouds – downside risks both in the short and medium term.
As for Binance Coin, Cardano, Avalanche and Polkadot, they have bearish clouds lingering over them in the next 24 hours but should profit from the sun, bullish trading conditions over a one-week horizon.
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“From a technical perspective, we're close to the end of the pre-halving rally for #Bitcoin. Macroeconomic data is likely going to have an impact this month + the pre-halving rally finishing off. What's next? We'll sweep to $70K and take liquidity as a scenario,” said the founder and CEO of MN Trading, Michaël van de Poppe.
BlackRock held 183,345 Bitcoins on March 5, its fund prospectus shows. The world’s largest asset manager will soon overtake that of MicroStrategy, 193,000 Bitcoins. Yesterday, the latter announced it will issue a bond due 2030, with a coupon of 0.625 percent, to raise $700 million. This is $100 million more than announced earlier this week. The proceeds will be used to buy additional Bitcoin and for general corporate purposes, MicroStrategy said.
A bullish sun shines over the global crypto market in the next 24 hours and week, signaling upside potential for Bitcoin, Ether and most other altcoins covered by ATTMO. Dogecoin and Uniswap buck this positive trend and will face bearish clouds – downside risks both in the short and medium term.
As for Binance Coin, Cardano, Avalanche and Polkadot, they have bearish clouds lingering over them in the next 24 hours but should profit from the sun, bullish trading conditions over a one-week horizon.
Follow us for more crypto weather reports!
Find out more detailed forecasts at www.attmo.ai/