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news-imageMarch 6, 2025

Bitcoin Price Analysis: Caution Flags as BTC Tests $90K

Bitcoin recently broke below the 100-day moving average at $97K, triggering a sharp sell-off that pushed the price beneath the $80K threshold. However, a strong rebound from the 200-day MA at $80K has brought the price back toward $90K, suggesting a potential sideways consolidation phase in the short term.
Publisher: CryptoPotato
Sentiment: Negative
BTC

More News Articles

Negative
cover-imageBenzinga
March 6, 2025

Vladimir Putin Said 'Nobody Can Ban Bitcoin,' But Russia Isn't Looking To Follow Donald Trump's Push For A Crypto Reserve

Russian Deputy Finance Minister Vladimir Kolychev's statement on Wednesday that Bitcoin (CRYPTO: BTC) will not be included in the National Wealth Fund mirrors President Vladimir Putin's historically cautious approach to cryptocurrency. What Happened: Kolychev, speaking to Interfax on Wednesday, confirmed that the country's national wealth fund will maintain its focus on gold and yuan, with allocations of up to 60% in yuan and 40% in gold, explicitly rejecting Bitcoin due to its volatility.

Positive
cover-imageUToday
March 6, 2025

BlackRock's Bitcoin Holdings Grow as Market Bounces Back

BlackRock's Bitcoin holdings are up as the crypto market extends its recovery in Thursday's trading session. According to blockchain analytics platform Lookonchain, on March 6, the group of 10 Bitcoin ETFs saw a positive net inflow of 80 BTC worth $7.22 million, with BlackRock's iShares Bitcoin ETF leading the charge.

Positive
cover-imageBenzinga
March 6, 2025

Michael Saylor Hints US Will Buy 1 Million Bitcoin For Strategic Reserve

Michael Saylor, executive chairman of Strategy (NASDAQ:MSTR), suggested on Thursday that the United States plans to purchase 1 million Bitcoin (CRYPTO: BTC) to establish a strategic reserve, aligning with a framework outlined in the bill proposed by senator Cynthia Lummis (R-Wyo.) He was speaking in a Fox Business interview, ahead of a White House Crypto Summit scheduled for Friday, where Saylor will participate.

Positive
cover-imageInvezz
March 6, 2025

Brazil's Méliuz joins Bitcoin trend, buys 45.72 BTC

Méliuz, a Brazilian financial technology company, purchased Bitcoin as part of their treasury management procedure, demonstrating the growing interest in digital currencies. Méliuz's board of directors approved a significant investment on Thursday by purchasing 45.72 Bitcoins worth about $4.1 million at an average price of $90,296.11 per unit.

Positive
cover-imageThe Currency Analytics
March 6, 2025

Metaplanet Acquires $43.9M Bitcoin, Stock Surges

Metaplanet, a Japanese firm, has significantly increased its Bitcoin holdings, acquiring an additional $43.9 million worth of Bitcoin amid ongoing market fluctuations. This purchase pushes Metaplanet's total Bitcoin holdings to 2,888 BTC, positioning the company as a major player in the corporate cryptocurrency landscape.

Neutral
cover-imageThe Motley Fool
March 6, 2025

Better Buy: Bitcoin vs. XRP

Bitcoin (BTC 0.80%) and XRP (XRP 4.20%) are very different types of cryptocurrencies. Bitcoin, which has a market cap of $1.7 trillion, is the world's most valuable cryptocurrency.

Negative
cover-imageCrypto Economy
March 6, 2025

Thousands of Seized Bitcoin Miners Released—But Many Still Held by US Customs

TL;DR Partial Release of Seized Equipment: U.S. Customs has started releasing thousands of Chinese-made Bitcoin mining machines, primarily Antminer ASICs, while many units remain held. Regulatory Concerns at Play: The seizures, prompted by FCC concerns over radio frequency emissions and restricted Chinese AI chips, underscore perceived biases against Bitcoin mining.

Positive
cover-imageUToday
March 6, 2025

BlackRock's IBIT Makes First Bitcoin Purchase in 7 Days

After a six-day streak of outflows and one of zero flow, BlackRock, the leading asset manager, has halted the bleeding on the Bitcoin ETF market. In a move expected of BlackRock, it made a significant comeback by purchasing Bitcoin and keeping the exchange-traded fund (ETF) market in the green.

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