Bitcoin tapped $70,000 on Thursday as cryptocurrencies reversed most of their gains from earlier in the week.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $70,475.44 |
| Ethereum | (CRYPTO: ETH) | $2,146.93 |
| Solana | (CRYPTO: SOL) | $88.86 |
| XRP | (CRYPTO: XRP) | $1.44 |
| Dogecoin | (CRYPTO: DOGE) | $0.09350 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055729 |
Notable Statistics:
- Coinglass data shows 124,449 traders were liquidated in the past 24 hours for $437.34 million.
- SoSoValue data shows net outflows of $163.5 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net outflows of $55.7 million.
- In the past 24 hours, top losers include Worldcoin, Bittensor and Artificial Superintelligence Alliance.
Notable Developments:
- Bitcoin Crashes 4%, Loses $70,000: Why Is BTC Going Down?
- Strive Surpasses CleanSpark In Top 10 Bitcoin Treasury Rankings After Adding 317 BTC
- Strategy Could Own 1 Million Bitcoin By September—Here’s The Math
- Why Is Bitcoin Outperforming Gold After The Fed Stayed Hawkish?
- Nasdaq Secures SEC Approval To List Blockchain Version Of Stocks, Including S&P 500-Tracking ETFs
- Michael Saylor Changed Tactics To Buy More Bitcoin: What It Means For MSTR
- Ripple-Backed Evernorth Files For Nasdaq IPO With $1 Billion XRP Treasury
- Forward Borrows Against Solana Stack At 3.4% To Repurchase 6 Million Shares
Trader Notes: Ted Pillows said Bitcoin has yet to fully sweep downside liquidity, suggesting another move lower could occur to trigger stop-losses and collect orders.
At the same time, he noted liquidity is building above $75,000, pointing to a potential upside target. His base case calls for a short-term dip followed by a stronger move higher.
Rekt Fencer said Bitcoin is closely tracking its 2022 price pattern, implying a similar trajectory could push BTC toward $80,000 by early April.
He described the setup as “almost predictable,” reinforcing a bullish outlook despite near-term volatility.
Image: Shutterstock
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