At the same time, reports of a potential 90-day pause in the tariffs going live, against a background of negotiations with over 50 US trading partners, helped pare losses in futures markets ahead of the open and allowed the S&P 500 and Nasdaq Composite Index to avert a ”Black Monday” 1987-style implosion.“Nasdaq futures were down nearly -7% at their lowest point last night,” trading resource The Kobeissi Letter noted in part of ongoing coverage on X.
BTC price safety net extends to $69,000Bitcoin meanwhile attempted to solidify support in the mid-$70,000 range, having come within spitting distance of old all-time highs from March 2024.Related: Black Monday 2.0? 5 things to know in Bitcoin this weekIn its latest observations, onchain analytics firm Glassnode revealed the lows coinciding with the realized price of large tranches of the BTC supply.“For now, $BTC seems to have found support at $74K.
This aligns with the first major supply cluster below $80K - over 50K $BTC at $74.2K,” it reported on X. “This level is mostly held by investors who had been active for five months, steadily raising their cost basis until 10 March, after which they’ve remained dormant.”Bitcoin supply cost basis data.
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Author / Journalist: Cointelegraph by William Suberg
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