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News / Crypto / Bitcoin requires a catalyst to break above $70,000
Bitcoin requires a catalyst to break above $70,000
Published: 11.03.2024
Short: BTC rose 0.90% to $69,061 on Sunday. A catalyst is awaited for a breakout above the March 8 high of $70,066. Investor attention on BTC-spot ETF flows is crucial by Monday's end.
On Sunday, BTC's winning streak hit five sessions with a 9.38% gain driven by BTC-spot ETF market flows.
The ETF market shifts, notably GBTC and IBIT, underscored BTC's rising prominence. The focus now turns to demand post-impressive inflows.
Michael Saylor highlighted BTC interest. Monday, March 11, awaits a catalyst for BTC and the broader crypto market, influenced by ETF market flows. BTC dipped 0.89% to $68,449, with investor caution impacting meme coins like SHIB, DOGE, and FLOKI. Interest in an ETH-spot ETF market also surfaced.
On Sunday, BTC's winning streak hit five sessions with a 9.38% gain driven by BTC-spot ETF market flows.
The ETF market shifts, notably GBTC and IBIT, underscored BTC's rising prominence. The focus now turns to demand post-impressive inflows.
Michael Saylor highlighted BTC interest. Monday, March 11, awaits a catalyst for BTC and the broader crypto market, influenced by ETF market flows. BTC dipped 0.89% to $68,449, with investor caution impacting meme coins like SHIB, DOGE, and FLOKI. Interest in an ETH-spot ETF market also surfaced.
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