Bitcoin edges higher as investors digest Fed's inflation concerns

Market intelligence firm Santiment has identified three key metrics suggesting a potential bullish move for Bitcoin BTC/USD. What Happened: The analytics platform highlights that the average returns of wallets, the dormancy period of coins, and Bitcoin’s supply on exchanges all indicate a possible upward swing for the leading cryptocurrency by market cap. Santiment notes that historically, accumulating BTC when wallets’ average…

Bitcoin is showing technical indications of a price recovery as longer-term moving averages are slowly moving forward. The weekly moving average chart is showing that the asset is moving above WMAs, with the 50-week SMA sitting at $74,890 and the 20-week SMA at around $91,070. In the past, BTC has indicated a strong bullish phase when…

By Francisco Rodrigues (All times ET unless indicated otherwise) Crypto traders are deleveraging after Wednesday’s FOMC minutes showed the Fed is looking to hold rates steady until inflation improves and discussed pausing or slowing the balance sheet runoff. Still, the yield on the 10-year Treasury dropped and the dollar weakened. Cryptocurrencies are higher, with the…

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Cryptocurrencies slid further as fears over a selloff in US equities eclipsed President Donald Trump’s recent efforts to buttress the industry. [og_img] 2025-03-11 01:51:34