Technical traders see a compression setup, with $1.39 as key support and $1.44 as near-term resistance that could open a move toward $1.50 to $1.62 if reclaimed.
The derivatives exchange giant's switch to around-the-clock crypto trading will have a visible impact on liquidity and volatility on weekends, analysts said.
Korean exchanges Upbit and Bithumb both added local currency pairs for the privacy-focused layer-2 token, triggering a sharp move in a thinly traded market.
Bitcoin rebounded above $68,000 as ETF outflows hit $6.8 billion and funding flips positive. A break above $72,000 is needed to confirm a bullish shift.
Geopolitical tensions and a cautious tone in U.S. stocks are keeping risk appetite in check, and some strategists warn of a potential retest of 2024 lows before a more sustained recovery.
Sources familiar with the talks on stablecoin yields say the White House urged bankers to get on board with a deal that lets the market structure bill advance.
The average bitcoin ETF investor now sits on a 20% paper loss, leaving the market vulnerable to capitulation selling if prices slide further, a Wintermute trader said.
In the latest of a series of meetings hosted at the White House, bankers and crypto policy experts met to break down the wall halting the market structure bill.
U.S. President Donald Trump’s son Eric Trump acknowledged bitcoin’s volatility but said its upside potential outweighs the risks as prices hover below $70,000.