Bitcoin Price Update
Key Points:
- Price: The current bitcoin price of $88,400 indicates a 0.3% increase in the last 24 hours.
- Resistance Level: Bitcoin is struggling with the $89,000 resistance level, and sellers are restricting gains beyond $90,000.
U.S. Sell Pattern:
“bitcoin bulls are struggling to break the consistent pattern of sell pressure during U.S. hours.”
Market Performance:
- Altcoin Rebound: ETH, SOL, and SUI topped the list of cryptocurrencies that rebounded, with SOL and SUI increasing more than 5% since Thursday's lows.
- U.S. Equities: Positive trading in U.S. stocks, with Nasdaq up 1%, and leading AI stocks such as Nvidia, Oracle, and AMD up 3-6%.
- Crypto-Related Stocks:
The stocks that had major movements in this sector include:
BitMine which jumped nearly 8%,
Galaxy Digital and Circle which recorded an increase of Other News: It is up 10% as it reported a 10-year, 40MW colocation deal with Nscale, which is worth around $865 million.
