Bitcoin for the moment was unable to hold the $90,000 level reached prior to the U.S. market open.
Crypto prices again muted as gold surges to new record, U.S. stocks advance
Bitcoin for the moment was unable to hold the $90,000 level reached prior to the U.S. market open.
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Large clusters of long liquidations can signal capitulation and potential short-term bottoms, while heavy short wipeouts may precede local tops as momentum flips.
The bank's analysts said the GENIUS Act has fueled a 42% jump in stablecoin growth this year, with Circle’s USDC chipping away at Tether’s dominance.
The rebound in crypto prices won't be short-lived as key market metrics show signs of recovery, Arca analysts said in a Monday note.
Bitcoin has surged past the $90,000 mark, buoyed by rising expectations of a December Federal Reserve rate cut.