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BTC is heading to $30k and positive metrics fuel optimism, though there is still uncertainty surrounding two key events this week.
After a strong rally in the first quarter of the year, BTC is trading sideways at the upper end of its recent range.
This headline is hitting at just the right time for an expected near-term correction following BTC’s 60% rally over the past three months.
Bitcoin has kept its bullish streak from last week. Now the question is whether it’ll keep going or give altcoins a moment in the spotlight.
The chaos caused by bank failures last week continues, but Bitcoin hasn’t let that faze it.
Silvergate’s struggles continue making ripples through the market, highlighting the difficulty in maintaining crypto-friendly banking services.
This week will hopefully provide more clarity for how the market will react to several near-term factors.
There are a few narratives that are setting this week up to be an eventful one.
The broad market is down due to the regulatory crackdown on BUSD
Select altcoins are supporting broad momentum right now, as BTC’s momentum waivers following a DXY bounce and ahead of the latest earnings report.