Bitcoin pullback could be set up for $370k bull run price target
Bitcoin’s 27% slide raises prospects for rebound, aligns with historical cycle patterns.
Happy Friday!
In today's CryptoSlate newsletter, we highlight key developments shaping the cryptocurrency landscape. Bitcoin’s recent 27% pullback has sparked speculation of a historic rally, with analysts eyeing a $370,000 bull run target based on past cycle patterns. In Texas, lawmakers are advancing a bill to establish a Bitcoin reserve, signaling growing state-level adoption of crypto assets. Meanwhile, Bitcoin’s steep decline is being driven by short-term holders and high-frequency traders, adding to market volatility. Lastly, the SEC has clarified that memecoins are not securities but cautions against fraud risks. Stay informed with today’s top crypto stories!
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The global crypto market cap is $2.77 trillion, with a 24-hour volume of $184.13 billion. The price of Bitcoin is $83,614.33, and BTC market dominance is 59.9%. The price of Ethereum is $2,208.04, and ETH market dominance is 9.6%. The best-performing sector is Art, which gained 14%. The Crypto Fear & Greed Index is currently Extreme Fear (16).
Bitcoin pullback could be set up for $370k bull run price target
Bitcoin’s 27% slide raises prospects for rebound, aligns with historical cycle patterns.
📰 Top News
Texas Senate Banking Committee greenlights Bitcoin reserve bill for floor voting
Texas moves closer to establishing a cryptocurrency reserve, joining a growing list of states seeking to diversify financial assets.
Bitcoin’s steep decline fueled by short-term holders
High-frequency traders and day traders rile Bitcoin market as prices plummet.
SEC declares memecoins are not securities in landmark staff statement
SEC's clarification links memecoins to entertainment, not securities but warns against potential fraud.
🗞️ More News
Bitcoin’s dip below $80k and crypto market turmoil as $1 trillion in unrealized profit vanishes
Thorchain faces developer exodus amid North Korean money laundering scandal
US Congressman pushes MEME Act to ban officials potentially profiting from memecoins
Revolut faces investor pressure for share sale before $1B profit report