Bitcoin remains under pressure near $68,000 even as panic ebbs
Key derivatives metrics and ETF flows suggest lack of demand, but macro forces offer hope.
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Key derivatives metrics and ETF flows suggest lack of demand, but macro forces offer hope.
Bitcoin payments are directed to a Strategic Bitcoin Reserve, used to fund employee bonuses according to the company.
Bitcoin price today: steady at $68k in holiday-thinned trade
BofA's February survey shows investor positioning in the U.S. dollar has fallen to its most negative level since at least early 2012.
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Metaplanet reported about $40 million in operating profit but still recorded a $619 million net loss amid the Bitcoin price drop.
The company recorded a non-cash bitcoin valuation loss of 102.2 billion yen ($650 million) due to the cryptocurrencyâEUR(TM)s price drop.
Crypto markets remain under pressure despite firmer U.S. equity futures, with ether rebounding toward $2,000 as heavy weekend selling eases as gold leads.
Bitcoin market analysis focused on liquidations and the wick to $59,000 for signs of the next significant BTC price move on lower time frames.