Analysis, Today in Markets

What Will Push Bitcoin Even Higher?

A new all-time high was short-lived; what will push BTC higher?
Jack Inabinet Jack Inabinet Mar 5, 20242 min read
market analysis What Will Push Bitcoin Even Higher?
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📊 All-time high moment. As if lifted towards the heavens by inflows to spot BTC ETFs themselves, Bitcoin’s price ascended upwards by 2% on the US open to hit all-time highs on many exchanges, including Coinbase, where price reached $69,324 per coin!

While celebratory tweets cataloged the moment across Crypto Twitter, elation was short-lived, with BTC unable to hold above all-time highs for even a minute before plunging nearly 10% over the next few hours. What catalysts can push BTC back above all-time highs?

🧐 The Alpha

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Jack Inabinet

Written by Jack Inabinet

207 Articles View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial apartment development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business and remains based out of the Seattle area.

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