Bitcoin Remains Stuck Below $96,000: Why Is It Not Moving?
Posted On February 24, 2025
Bitcoin’s (CRYPTO: BTC) sideways movement over the past week has prompted analysts to look at macroeconomic influences and historical patterns for indicators of the next move.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Bitcoin (CRYPTO: BTC) | $95,712.56 | $1.89 trillion | -0.5% | -0.5% |
| Ethereum (CRYPTO: ETH) | $2,687.27 | $324 billion | -4% | -2.1% |
| XRP (CRYPTO: XRP) | $2.47 | $143.5 billion | -3.7% | -7.4% |
Trader Notes: In a podcast from Feb. 21, Cowen noted that Bitcoin is stuck in a broadening wedge, waiting for a strong catalyst. He notes a lag effect between Bitcoin and global money supply, which could explain the lack of major movement.
Regarding altcoins, Cowen remains …
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