Bitcoin News: Bitcoin Price Stalls at $87,000; Traders Indecisive as GameStop Eyes Bitcoin Strategy

Bitcoin Price Hovering Around $87,000 Amid Trader Indecisiveness

Bitcoin price hovers around $87,000 on Thursday, as RSI indicator suggests indecisiveness among traders. Glassnode reports that BTC trades in a range-bound market, highlighting a weaker demand profile and less sell-side pressure. Meanwhile, US Senator Elizabeth Warren has raised concerns that a stablecoin bill could allow certain individuals to gain control over people’s money.

GameStop to Follow Strategy’s Bitcoin Playbook: Will GME Stock Skyrocket or Crash?

GameStop’s Bitcoin strategy has shocked investors as the gaming retailer announces plans to follow Strategy’s Bitcoin reserves approach. The move has sparked debates about GME price forecast amid crypto market volatility. Analysts are divided on whether this strategy will boost or sink GameStop stock. On March 25, 2025, GameStop’s board approved adding Bitcoin as a treasury reserve asset, potentially utilizing portions of its $4.6 billion cash reserves.

Strategy and Metaplanet Double Down on Bitcoin; Meme Coins Expected to Benefit

Bitcoin ($BTC) continues to be a popular cryptocurrency despite recent market fluctuations. As it slowly climbs back towards $90K, two prominent Bitcoin treasuries, Strategy and Metaplanet, have shown stronger long-term commitment to $BTC. Strategy has doubled down on its $BTC holdings, increasing its holding to over 500K coins, and has launched its preferred stock Strife ($STRF), which is designed to work as a bond and direct most of its funds into acquiring more $BTC. Meme coins are also expected to benefit from this trend.

Crypto Market Stalls Below 200-day MA; BTC Shows Positive Sentiment Shift

The crypto market gained about 1.8% last week to reach a valuation of $2.86 trillion. After a strong rally on Sunday and Monday, the market stalled just below the 200-day moving average, which serves as a long-term trend reference for large funds. Bears are resistant to giving up last month’s gains, preventing the market from moving higher. Bitcoin has been hovering around its 200-day MA for three weeks but has been trading steadily higher in recent days. This signals a potential change in long-term market sentiment, and Bitcoin seems less affected by negative news from the stock market. However, accelerated growth should not be expected for the first cryptocurrency.

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Over the past two months, macroeconomic uncertainty has heightened crypto market volatility. Bitcoin (BTC) has retracted from its $109K high, while altcoins have faced even steeper declines. Investor sentiment has shifted from greed to fear, sparking debate over whether this is merely a dip or the onset of a bear market. As trading risks increase, more investors are seeking stable and reliable passive income solutions. Centralized exchanges are competing to expand their wealth management offerings, and HTX Earn is leading the charge by delivering top-tier yields, an expansive range of supported assets, and constant product upgrades. Together, these features create a seamless and automated earning experience for crypto holders.