Data: Bitcoin price drops below $71,000, indicating a significant decline in the cryptocurrency market. Investors are advised to exercise caution as the market experiences increased volatility.

Reputed Analyst Claims Fake Pump for BTC, Remains Highly Bullish for the Coming Weeks

Reputed analyst confirms fake pump for BTC.  He remains highly bullish for the coming weeks and bearish for the long-term.  He expects BTC to pump to the $78,000 – $88,000 price range before a greater dump. The current crypto market has resulted in a surprising turn of events for

Bitwise 以 ETF 獲利資助比特幣生態，兩年累捐 38 萬美元

加密資產管理公司Bitwise宣布向開源比特幣開發者的第二筆捐款為23.3萬美元，累計捐贈超過38.3萬美元，資金來自BITB管理費毛利的10%。捐款由三家機構分配，確保支持比特幣生態發展。BITB在市場中穩定增長，累計資金流入達22億美元，排名美國比特幣現貨ETF第三。

Gate Research Institute: BTC has not yet decoupled from SaaS technology companies | Palantir criticizes Anthropic's safety restrictions

Cryptocurrency Overview BTC (+7.17% | Current Price 72,443.1 USDT) Bitcoin surged over 7% on Wednesday, driving the total market capitalization of the crypto market back above $2.5 trillion, with a daily increase of approximately 5.5%. This rebound was mainly driven by short squeeze. Previously, influenced by the Iran situation, the market experienced a concentrated sell-off, and the funding rate for Bitcoin perpetual contracts briefly dropped to extremely low levels. As geopolitical risks did not further escalate, funds that had previously taken bearish positions began to close their positions, leading to a rapid price rebound. Vetle Lunde, Head of Research at K33 Research, pointed out that Bitcoin's weekly RSI once dipped to 26.84, marking the third-lowest oversold level in history, providing technical support for the rebound. ETH (+8.36% | Current Price 2,111.66 USDT) On Wednesday, Ethereum

Analyst: Bitcoin's new rally is gaining strong momentum, driven by favorable policies and institutional demand

Analyst Owen Lau pointed out that the cryptocurrency market is experiencing a strong rally, especially with Bitcoin breaking through $73,000, related to improved U.S. regulatory environment and active institutional investors. Increased regulatory transparency attracts institutional investment, and crypto assets are gradually integrating into the mainstream financial system. Despite high market volatility, if the trend continues, it may signal the early stages of a recovery, offering long-term investment opportunities. Investors should pay attention to policy developments and capital inflows.

Analysis: Bitcoin approaches the two-year critical "bull-bear dividing line" range; whether it breaks through or not may determine the future market direction.

Bitcoin rose approximately 10% this week, breaking through $72,000 and approaching the key price range of $73,750 to $74,400. If it successfully breaks through, a new upward trend will begin; if not, the decline since October last year may continue. Traders should pay attention to the subsequent developments.