Bitcoin brushed off its all-time high of $69,000 on Monday, March 4, coming within just $150 of it before a reversal and flash volatility started. A lot happened behind the scenes, from the psychological reasons to another Coinbase outage. So, let’s start with breaking down what happened, what the indicators show for the near future, and why MicroStrategy stock spiked over 20% before looking at Solana’s chances of flipping Ethereum in this cycle.

Further reading:

• Bitcoin traders dismiss ‘triple top’ as BTC price stops $150 from $69K — William Suberg
• Bitcoin just hit a record in open interest — Lucas Kiely
• Solana needs Firedancer, ‘ChatGPT moment’ to rival ETH, proponents say — Tom Mitchelhill
• MicroStrategy stock spikes over 20% as BTC price continues skyward — Derek Andersen
• MicroStrategy set to raise $600M via convertible notes to buy more Bitcoin — Brayden Lindrea

References:

• CoinGecko Crypto Fear and Greed Index post on X

So, grab yourself a coffee, and let’s get into it!

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