Bitcoin is currently down 8% in February and is less than a week away from registering its first negative monthly returns since February 2020. With the average return sitting at around 14%, the likelihood of Bitcoin hitting a new all-time high is relatively low based on current sentiments.
The Bitcoin-Dollar pair dove 2.0% in the last session. The ROC is giving a negative signal.
Support: 90896 | Resistance: 98789
British stocks ended flat on Friday as investors reacted to mixed economic data this week that left the Bank of England uncertain about the UK’s economic and monetary policy outlook. The benchmark FTSE 100 dipped 0.04%, in the red for a fourth straight session.
Stocks finished lower on Wall Street but edged higher in Europe on Friday amid uncertainty about U.S. President Donald Trump’s rapid policy initiatives, including spending cuts and tariffs, and Germany’s upcoming elections. Oil prices settled down more than 2% while gold eased from record highs.
The Oil-Dollar pair dove 3.4% in the last session. The Stochastic-RSI is giving a negative signal.
Support: 66.776 | Resistance: 74.455
The market share of BlackRock’s Bitcoin exchange-traded fund has grown to over 50%, even as Bitcoin ETF issuers experience a broader sell-off. BlackRock, the world’s largest asset manager, now holds over $56.8 billion worth of Bitcoin, accounting for 50.4% of the holdings of all US ETF issuers.
The U.S. dollar advanced against major currencies, with losses led by the euro, garnering safe-haven bids amid tariff concerns and peace negotiations on the Russia-Ukraine conflict that are fraught with tension and miscommunication.
The last session saw the Euro fall 0.4% against the Dollar. According to the CCI, we are in an overbought market.
Support: 1.0414 | Resistance: 1.0506
Ether reserves across centralized exchanges hit an almost nine-year low, reinforcing investor optimism for a potential market bottom that may start a recovery toward the $3,000 psychological mark.
