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Daily Crypto Signals: Bitcoin Holds $70,000, Tether Moves to Restore Trust With First Major Audit
As macroeconomic factors came together to stifle bullish momentum, the cryptocurrency market experienced a period of turbulence. Investors moved away from riskier assets due to rising US Treasury yields, an intensifying conflict in Iran, and a widespread flight to cash. Major companies like Google, Meta, and IBM lost 10% or more over the course of six weeks as tech markets plummeted. A conservative market sentiment that provided limited opportunity for cryptocurrency advances was reinforced when the S&P 500 hit a six-month low. Positively, Bitmine Immersion Technologies chairman Tom Lee said that the ... (full story)
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