"Bitcoin breached the $75,000 mark several times in the last 24 hours as the cryptocurrency continued to hold on to gains initially made on April 13. The price action repeated between 9:30 a.m. and 12:15 p.m., but this time, bitcoin plummeted to an intraday low of $73,309 before a quick surge saw it nearly tap the $75,000 resistance again."
"Reports of possible U.S.-Iran talks seemingly influenced price action, while non-war narratives such as underwhelming U.S. jobless claims and exchange-traded fund inflows were also determinants."
Bitcoin experienced significant volatility on April 16, repeatedly testing the $75,000 resistance level before settling near $74,200. A total of $137 million in liquidations occurred, affecting 8,061 traders. The price fluctuated between $73,309 and $75,000 throughout the day. Market capitalization remained at $1.48 trillion. Influencing factors included potential U.S.-Iran talks and economic indicators like jobless claims and ETF inflows. Analyst Shawn Young predicts a potential rise to $85,000 by the end of April.
Read at news.bitcoin.com
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