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Bitcoin stalls near record highs amid derivative pressures but breakout potential remains

Published 1 day ago2 minute read

Bitcoin remains locked in a tight range near its record highs, with derivatives market pressures keeping the price between $100,000 and $105,000 despite strong on-chain fundamentals and historically low volatility compared to gold. Meanwhile, Moody's historic downgrade of the US credit system is reinforcing Bitcoin's appeal as a safe-haven asset, helping it hold steady at the $100,000 mark amid growing fiscal uncertainty. In corporate moves, Basel Medical Group is bucking the trend by adding $1 billion in Bitcoin to its treasury even as its share prices fall, highlighting the complex dynamics at play in the crypto market today.

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The global crypto market cap is , with a 24-hour volume of . The price of Bitcoin is , and BTC market dominance is . The price of Ethereum is , and ETH market dominance is . The best-performing sector is , which gained 1%. The Crypto Fear & Greed Index is currently Greed (74).

Bitcoin stalls near record highs amid derivative pressures but breakout potential remains

Bitcoin reaches all-time low in volatility compared to gold as derivatives keep the price between $100k and $105k.

Bitcoin maintains its $100,000 perch as a hedge against US fiscal instability in wake of Moody’s downgrade.

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