Bitcoin News Update
*Price Volatility*
Bitcoin's price has been on a rollercoaster, dropping from $99,500 to $91,231 due to concerns over US tariffs. However, it has since rebounded to around $96,780 .
*Market Sentiment*
Traders are feeling fearful for the first time since October, which could be a buying signal. The Bitcoin Miners' Position Index (MPI) has also formed a crossover, indicating a potential bullish trend .
*Regulatory Updates*
The European Central Bank (ECB) President Lagarde has stated that Bitcoin won't be considered a reserve asset. On the other hand, Bitcoin might be included in a newly approved sovereign wealth fund in the US
*Technical Analysis*
Bitcoin's price is expected to rebound after a bearish divergence. The Relative Strength Index (RSI) has hit the oversold zone, indicating a potential rebound .
*Adoption News*
MicroStrategy has invested an additional $1 billion in Bitcoin, bringing its total holdings to over 140,000 BTC. Bitcoin Depot Inc has also expanded its services to include Bitcoin ATMs.