Market Wrap: Bitcoin Expected to Hold Support Above $45K
Analysts expect bitcoin to remain above its 200-day moving average.
Cryptos gain alongside stocks.
“The fear is gone for now, and the market is optimistic,” Arcane Research wrote in a Tuesday newsletter. But not enough to keep bitcoin's price above $50K.
Analysts expect higher volatility ahead of Friday’s month-end expiry.
Bitcoin slipped below $50K and will likely consolidate this week, analysts say.
Bitcoin rallied after Coinbase announced it will add crypto to its balance sheet.