Emily Nicole
👤 SpeakerAppearances Over Time
Podcast Appearances
Yeah, it just keeps going, doesn't it?
I mean, weekends are traditionally a very low liquidity time for Bitcoin, especially.
It's a market that trades 24-7, so it never switches off.
And that does mean that we tend to get these outsized price moves, particularly over weekends.
And that's what we saw earlier on in the Asia trading day on Monday, or I guess overnight for all of us over on the Western side.
And that's what we've been looking at today as well.
It's kind of gone back above that 65,000 mark, but really can't edge much higher.
I mean, Bitcoin's not impervious to what's going on with tariffs, right?
It's a high risk asset.
So when things like Donald Trump's tariffs post happen, that is going to impact Bitcoin negatively, just as it did quite a lot of other asset classes over the weekend.
There is, however, this kind of support level that we've been talking about, whether that's 60,000, 65,000.
We're now really starting to see traders consolidate around that mark.
Traders really don't want Bitcoin to go below 60,000 because that does mean that kind of we're heading even further lower and could that, you know, when all bets can be off.
So we're really kind of seeing consolidation around that point.
But as you said, it's been a rocky few months and there's no telling whether it's going to continue to go down or up at the moment.
We're definitely seeing a bit of recovery.
I mean, it went as low as 80,500 odd on Friday.
So going back up to about 87,000 today, that seems like a pretty good recovery for Bitcoin.
On the ETF front, we're not really going to know the data until the end of the day.
That's where we might see more of the institutional activity coming in.