Why bitcoin is lingering around $70,000

    CNBC’s MacKenzie Sigalos reports on trends in bitcoin.

    46 Comments

    1. Trump saved crypto in 2024 when he offered federal support in exchange for the industry's campaign contributions……and amazingly, it worked! Charts show the correlation quite nicely, indicating the run up to $120K was mainly driven by the "Trump Pump." The pump is gone, and the Emperor has no clothes = bear market in crypto but with strong countertrend rallies. We're headed to zero, folks, unless someone finally figures out a reason for this stuff to exist (extremely unlikely).

    2. The most important thing everyone should think about right now is how to invest in different sources of income that are not dependent on the government. Especially given the current economic crisis around the world 🌍 . This is still a good time to invest in various stocks such as gold, silver and digital currencies. All thanks to Hedwig Kay. for coaching me.✊

    3. Reports suggest JP Morgan is moving into the XA70B market. They likely want to accumulate at these levels while others panic sell. I’ve already moved 25K USDC into XA70B myself after reading the data.

    4. I took a hit during the October 11 crash, but I’ve already bounced back 20x after putting $10K into XA70B. Elon’s projects never disappoint. 😂😂

    5. I do have a question. For someone with less than $100,000 to invest, How would you recommend we enter the market. I'm looking to study some traders and copy their strategy rather than investing myself and losing money emotionally. What's your take on this approach???

    6. Bitcoin isn’t “stuck” at $70K — it’s consolidating after a liquidity shock that hit every risk asset. When macro flows stabilize, assets with a structural bid don’t stay range‑bound for long.

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