Bitcoin (BTC) is down nearly 2% on Wednesday, trading below $76,000, and testing the 200-day Exponential Moving Average (EMA) baseline near $76,501. Bitcoin’s pullback aligns with the weakness in the US Dollar (DXY), which typically provides tailwinds for risk-sensitive assets.
Bitcoin (BTC) trades around $82,000 on Thursday, leading a broader cryptocurrency market correction. Early-week attempts to sustain recovery after testing support near $80,000 failed to breach the $84,000 hurdle, triggering the ongoing pullback amid buyer exhaustion.
Cryptocurrency prices are broadly rising on Wednesday, with Bitcoin (BTC) trading above $83,000. Altcoins uphold a similar outlook, led by majors Ethereum (ETH) and Ripple (XRP).