Bitcoin: $130B Market Cap Added in Four Days
Bitcoin adds $130B market cap in four days despite Fed and BOJ hikes plus failed CLARITY Act, with 124k traders liquidated for $650M.
SourceAnalysis
Despite Fed and BOJ rate hikes plus the CLARITY Act failing in the US Senate, Bitcoin added $130 billion to its market cap in four days while Ethereum posted even sharper gains.
BTC rose 9% over the period and 6% in a single day, ETH climbed 11.5% and 8.3% respectively, triggering 124,345 liquidations worth $650.14 million with $577.16 million hitting shorts.
Price action on the 4h chart shows BTC at $81178.92 pressing the upper Bollinger Band at $81295.9 with RSI(14) at 76.74 already overbought and MACD confirming a golden cross at 941.05, so a measured pullback toward the EMA50 support at $77766.49 looks probable before the next leg higher in this BTC price prediction cycle.
Kashif Raza
@simplykashifThis personal account shares perspectives on technology startups and digital innovation, with content spanning AI advancements, software development trends, and entrepreneurial strategies for building tech-focused businesses.
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