The average realized price of 2024 buyers in bitcoin was $65,901.
ADA’s bump came on no immediate catalyst, but the protocol is set to see several fundamental developments in the coming months.
The candlestick pattern shows sellers are looking to reassert themselves as hawkish Fed rate projections drive the DXY higher.
The most recent batch of 13F reports filed by institutional investors was uneventful alongside bitcoin’s price action during the third quarter.
BTC’s rally has stalled amid hawkish comments from the Fed officials.
The move came as U.S. markets opened for trade, suggesting strong demand from American investors.
BTC rose past the $90,000 resistance early Wednesday, defying the dollar strength.
DOGE’s price has surged 78% since Trump’s election win a week ago.
BTC’s breakout has the market in a state of euphoria, QCP Capital said.
Chart studies reveal that BTC’s price rally appears overstretched and could be primed for a classic “bull market pullback.”