Bitcoin consolidates at $65,000 level with increasing liquidations

economictimes.indiatimes.com:

Bitcoin has shown resilience, rebounding to the $67,000 mark after the Federal Reserve's decision to maintain key interest rates for the fifth consecutive meeting. However, this upward trajectory was short-lived as Bitcoin promptly retreated to the $65,000 level, spurred by a strengthening US dollar possibly catalyzed by the Swiss Central Bank's decision to reduce interest rates by 25 basis points. Additionally, the outflows on Bitcoin spot ETFs especially from Grayscale’s GBTC rose contributing to the downward trend.

Despite these temporary setbacks, Bitcoin has managed to sustain itself above the critical $60,000 threshold, showcasing impressive growth of 26% over the past month and a staggering 133% over the past year. The next support level would be around $64,000, with resistance expected at $67,300. Concurrently, Ethereum hovers around the $3,500 mark, with bullish sentiments aiming to reclaim levels above $3,600, potentially triggering an upward trend.

In other developments, Coinbase has unveiled plans to introduce futures trading for Dogecoin, Litecoin, and Bitcoin Cash by April 1st. This announcement has spurred positive momentum for all three cryptocurrencies, driving gains in their respective markets.

Meanwhile,