Bitcoin’s brief rally to $76K may have been a bull trap: Here’s the data

Bitcoin’s brief rally to $76K may have been a bull trap: Here’s the data

0.35%TRX$0.3235 0.84%BCH$436.46 1.54%DOGE$0.09315 0.36%XLM$0.1548 0.96%ETH$2,323 2.61%BNB$616.11 1.23%SOL$83.76 0.32%HYPE$43.32 0.52%XMR$345.15 0.25%XRP$1.36 0.64%ADA$0.2406 0.13%BTC$74,229 1.32%USD Written by Marcel Pechman,Staff WriterReviewed by Ray Salmond,Staff EditorBitcoin’s brief rally to $76K may have been a bull trap: Here’s the data46 minutes agoBitcoin rallied alongside stocks and investors’ hope for interest rate cuts, but is the rejection at $76,000 a sign of a bull trap? The US Federal Reserve's shift toward balance sheet expansion may provide the liquidity needed to boost Bitcoin and broader risk markets. The war in Iran and high oil prices might be driving investors toward scarce assets to hedge against rising inflation. On Tuesday, Bitcoin (BTC) price surpassed $76,000 for the first time in over two months, triggering $285 million in leveraged short liquidations. The ra

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