Bitcoin Tops $40K, Correlation to Global Markets on Edge: The Weekly Recap

Bitcoin's price is up above $40K following a massive surge in just a few hours. The correlation with global markets is also put to the test.

Bitcoin’s price is up above $40K following a massive surge in just a few hours. The correlation with global markets is also put to the test.

Bitcoin’s price recovered over 8% in the past seven days, but let’s break it down. This time last week, things were looking quite depressing, and BTC was failing to break out and dipped on Monday. It spiked towards $39K in the following days, but this was also halted by the bears, who once again pushed the price below $37K.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

Crypto_Potato /  🏆 568. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

SF considers taxing vacant apartments to help with housing crisis; new report shows 40K empty unitsIn a city suffering from one of the worst housing crises in the country, a new report shows there are more that 40,000 units sitting vacant. Legislators hope a 'vacancy tax' could change that.
Les mer »

BTC/USD Forecast: Pullback After Previous Move HigherThe Bitcoin market pulled back significantly on Wednesday as the market has run out of steam.
Les mer »

Bitcoin, Ethereum Technical Analysis: Ethereum Down 6%, Crypto Red Wave Returns – Market Updates Bitcoin NewsBitcoin and ethereum saw recent losses extended on Thursday, as global cryptocurrency markets declined during today’s session.
Les mer »

Bitcoin, Ethereum Technical Analysis: ETH up Nearly 10%, Crypto Markets Rally – Market Updates Bitcoin NewsFollowing two consecutive sessions of declines, cryptocurrencies rebounded on Friday, as markets prepared for the first NFP of the year.
Les mer »

Solana and Avalanche Log Big Gains as Bitcoin Reclaims $40,000The cryptocurrency market is on a tear, with Bitcoin finally reclaiming the $40,000 level
Les mer »

Bitcoin Purpose ETF Faces Record-Breaking Inflows Despite Bitcoin's Drop to $36,900Bitcoin-related exchange-traded products are facing sudden inflows despite current conditions on crypto market
Les mer »