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Cryptocurrency markets are trading relatively flat on Tuesday as GameStop announced the acquisition of Bitcoin for its treasury.
Cryptocurrency | Price | Gains +/- |
Bitcoin (CRYPTO: BTC) | $88,471.10 | +0.03% |
Ethereum (CRYPTO: ETH) | $2,079.34 | -0.6% |
Solana (CRYPTO: SOL) | $145.94 | +2% |
XRP (CRYPTO: XRP) | $2.46 | -0.3% |
Dogecoin (CRYPTO: DOGE) | $0.1910 | +1.6% |
Shiba Inu (CRYPTO: SHIB) | $0.00001376 | +0.7% |
Notable Statistics:
Notable Developments:
Top Gainers:
Cryptocurrency | Price | Gains +/- |
Cronos (CRYPTO: CRO) | $0.1063 | +29.2% |
Movement (CRYPTO: MOVE) | $0.5414 | +23.9% |
Zcash (CRYPTO: ZEC) | $36.68 | +14.2% |
Trader Notes: Crypto trader Altcoin Sherpa predicts a breakout into the low $90,000s, signaling "we're so back," but warns of a potential dump afterward.
Daan Crypto Trades attributes Bitcoin's recent volatility to stock market movements, noting BTC's strong correlation with the S&P 500 (SPX).
CrypNuevo highlights Bitcoin's bounce from the 1W 50 EMA, calling it the likely bottom. A full recovery hinges on reclaiming $91,500, though a revisit to $82,000-$81,000 remains possible.
Santiment data shows Bitcoin having surged to around $88,350 after bottoming at around $77,500 two weeks ago. A key factor in the recovery has been whale accumulation, with wallets holding 100–10,000 BTC increasing. As usual, the market improves when whales step back in.
Stockmoney Lizards sees Bitcoin corrections as temporary, calling any price below $80,000 an accumulation opportunity, regardless of how long the recovery takes.
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