Bitcoin price retests $70,000 for the second time in a week, sparking speculations among traders whether BTC is bottoming after a multi-month correction or is it a bear market trap? BTC is currently moving in a narrow $64K-$70K range amid tailwinds including spot Bitcoin ETF inflows, the CLARITY Act progress, and improving on-chain signals. However,
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Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.