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Bitcoin struggles to reach $70,000 as it heads for worst Q1 since 2018
Bitcoin is struggling to stay above $70,000, a level it briefly broke over the weekend, as a lack of catalysts coupled with macro-driven factors are keeping the price stagnant in the mid- to high $60,000s. Bitcoin is down over 14% in February, and if it closes the month in the red, that will be its fifth consecutive monthly loss and its worst Q1 since 2018, CoinGlass data shows. “Market cap compression has matured; volatility has declined; participation has thinned. This is a grinding phase. The next impulse will likely be violent, whichever direction it resolves,” Timothy Misir, head of research at Blockhead ... (full story)
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