The overall market sentiment is neutral with a slight bearish tilt, primarily due to reports of a major hack at the Bitget exchange. However, positive news regarding the potential start of a new bull market and the adoption of tokenization offers some optimism.
Bitcoin is showing signs of stabilization around the $84,000 mark, with analysts highlighting its move above key long-term moving averages as a positive indicator. Attention is also on Bitcoin's production cost, estimated around $85,000, which could alleviate miner selling pressure. Meanwhile, ONDO is experiencing a notable rally, partly influenced by rising US Treasury yields.
What is moving the market
The overall market sentiment is neutral with a slight bearish tilt, primarily due to reports of a major hack at the Bitget exchange. However, positive news regarding the potential start of a new bull market and the adoption of tokenization offers some optimism.
Biggest risk
Bitcoin is showing signs of stabilization around the $84,000 mark, with analysts highlighting its move above key long-term moving averages as a positive indicator. Attention is also on Bitcoin's production cost, estimated around $85,000, which could alleviate miner selling pressure. Meanwhile, ONDO is experiencing a notable rally, partly influenced by rising US Treasury yields.
Coins in focus
News sources
Bearish
Bearish
