BTC, ETH, DOGE price news: Bitcoin at $68,000 as majors see strongest bounce in weeks
Bitcoin briefly touched $70,000 before pulling back, while altcoins like Ether and Cardano led a strong market bounce.Summary
Bitcoin approached $70,000 on Wednesday but retreated to around $68,300, marking the strongest attempt to reclaim that level since the February 5 crash. More significantly, altcoins strongly outperformed Bitcoin, with Ether up 8.5%, Cardano surging 10.8%, and Dogecoin gaining 8.3%, suggesting a rotation back into higher-risk assets as forced selling from the February crash subsides. Experts view this altcoin outperformance as a sign of returning risk appetite. This bounce occurred despite a muted reaction to Nvidia's earnings and ongoing macro fragility, with concerns about stablecoin supply stagnation and expectations for broader liquidity recovery taking six months or more. While selling pressure on Binance has slowed, the market faces a risk: a break below $60,000 could lead to a drop toward $50,000-$55,000.
(Source：CoinDesk)