Bitcoin reclaims territory above $67K as banks reach out to BTC miners directly

Bitcoin price has reclaimed ground above the midline of the March market range after extended consolidation below $66,391. A successful retest of the 50% Fibonacci placeholder would confirm the uptrend as $69,000 remains the level to beat. HUT 8 Mining CEO Asher Genoot: Supply shortages on exchanges “are driving the largest banks to reach out about buying.

Billion DWS partners with Galaxy Digital to launch ‘physical’ #Bitcoin ETC in Germany. pic.twitter.com/AxOVHwPmoj — Bitcoin Archive April 4, 2024 These fundamentals have played a part in driving Bitcoin price north, catching the eye of ETF analyst Eric Balchunas. Interesting that btc was down yesterday despite the ETF contrib..

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Bitcoin Price Reclaims Territory Above $67K as Banks Reach Out to BTC Miners DirectlyBitcoin price spent the better part of this week in uncharted territory and devoid of upward momentum as it tested the 200-day Exponential Moving Average (EMA). Pendle Finance's total value locked (TVL) skyrocketed to $3.97 billion on Thursday following significant increases in the protocol's fees and trading volume. Ethereum sustained its consolidating movement for the second day on Thursday, trading above $3,300 after crashing earlier in the week.
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