Bitcoin is on the move! After months of steady consolidation, its price could break out and soar to $80,000
Bitcoin is currently in a short-term bullish trend but is nearing a key resistance level. The largest cryptocurrency has shown signs of being overbought and is starting to cool off, according to analyst Josh of Crypto World.
Bitcoin has officially crossed the significant milestone of $65,000, with its current value hovering around $65,269. This latest surge is a culmination of various economic trends, particularly buoyed by the ongoing rally in the stock market, favorable employment data from the United States, and proactive measures taken by China to stimulate its economy.
Bitcoin (BTC) holds steady at $65K as US BTC-spot ETF inflows surge, boosting demand amid bets on a Fed rate cut and soft US economic landing.
The crypto universe draws another week to a close with attention-nabbing developments unfolding across the industry. Former Binance CEO CZ (Changpeng Zhao) was released from prison, whereas Bitcoin (BTC) and altcoins maintained a bullish stance over the past seven days.
Cardano (ADA) is making waves in the cryptocurrency market after posting significant gains, with a recent 13% increase over the past week. This performance has excitement among investors and analysts alike, with some now predicting that Cardano could outperform Bitcoin (BTC), the largest cryptocurrency by market cap.
BlackRock, ARK 21Shares and Fidelity's Bitcoin products led the way with $499 million, $289.5 million and $206.1 million in inflows, respectively.
Bitcoin (BTC) is gearing up for a period of short-term volatility as a significant options expiry looms by the end of the week. Market analysts are closely monitoring key metrics that could indicate future price movements, particularly focusing on the Market Value to Realized Value (MVRV) metric, which is nearing a critical resistance level.
U.S labor market updates and November Fed rate cut expectations to set next market direction.
Bitcoiner Christian Angermayer claimed the United Kingdom's latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.”
Bitcoin has recorded a sustained surge over the past week, but is there a reason why analysts are optimistic?
Bitcoin's recent price surge past $65,000 has major interest from investors, particularly in Bitcoin ETFs. On Thursday, US-based Bitcoin exchange-traded funds (ETFs) attracted $365 million in new investments, pushing the week's total to over $600 million.
Satoshi Nakamoto, the mysterious creator of Bitcoin, has long held the title of the top Bitcoin holder, with an estimated stash of around 1.1 million BTC. However, recent developments in Bitcoin exchange-traded funds (ETFs) have ignited discussions about whether Nakamoto's dominance is at risk.
The cryptocurrency market is on edge as approximately $7.7 billion worth of Bitcoin and Ethereum options are set to expire today. This substantial expiration event has traders and analysts closely monitoring the situation for any potential price volatility.
As the market enters a critical period in October, staying ahead could mean following some of the best crypto traders who give timely calls and have a deep understanding of emerging trends.
Bitcoin (BTC) dominated the headlines for most of 2024 as its price outperformed most of the top altcoins. However, with October approaching, things have started to change, and the number one cryptocurrency is starting to play second fiddle.
Bitcoin (BTC) has experienced a wave of excitement over the past week, displaying a generally positive trend. However, the cryptocurrency faces critical challenges as it attempts to break through the significant resistance level at $65,000.
Analytics firm Santiment thinks Bitcoin (BTC) looks ripe for a dip as traders begin to feel exuberance over the crypto king's latest surge. The firm notes crowd sentiment has reached greedy levels after BTC's price gains this week. “This typically coincides with upcoming local tops.
Prominent Bitcoin supporter and JAN3 boss Samson Mow has endorsed the world's largest cryptocurrency in his latest tweet, underscoring the feature that ensures Bitcoin's scarcity.
Bitcoin is experiencing renewed momentum, driven by stablecoin liquidity and global economic shifts, with $70K within reach.
In the past few days, the overall cryptocurrency market has recovered nicely. Amid this recovery, asset management giant BlackRock has continued increasing its Bitcoin (BTC) holdings. On September 28, 2024, the asset manager purchased a significant 1,684 BTC worth $110.7 million, as shared by an on-chain analytic firm Lookonchain.
With two days remaining in September, bitcoin's monthly gain stands at 11.11%, setting the stage for the widely anticipated ‘Uptober.' Historically, October has been a strong month for bitcoin, delivering positive returns 81.82% of the time since 2013. ‘Uptober' on the Horizon: Bitcoin Looks to Buck September's Bearish History As of Saturday, Sept.
Bitcoin continues to capture the attention of traders and investors alike, recent technical patterns are suggesting a possible significant price rally on the horizon. The cryptocurrency, which has been relatively stable in recent weeks, has formed an inverse head and shoulders pattern—a signal that often indicates a reversal from a downtrend to an uptrend.
In what has been an “unusual” September, Bitcoin (BTC) has now recorded another positive weekly performance. According to data from CoinMarketCap, the maiden cryptocurrency surged by 5.07% in the last seven days, moving its cumulative gain in this month to 11.30%.
Bitcoin may be ready to climb to new levels over the next few months.
The Bitcoin halving, a highly anticipated event in the cryptocurrency world, is both a blessing and a curse for miners. It plays a critical role in controlling Bitcoin's supply by reducing the amount of new Bitcoin miners receive as a reward for validating transactions.
The new records were set shortly after the SEC approved BlackRock's proposal to list and trade options on its spot Bitcoin ETF.
The price of Bitcoin put in another positive performance over the last seven days, looking to end the month and start October on an even stronger footing. Continuing its resurgence over the past few weeks, the premier cryptocurrency climbed as high as $66,000 on Friday, September 27th.
Bitcoin price has done modestly well this week as it soared to $66,000, rising to its highest level since July 31.
After Bitcoin (BTC) claimed its all-time high of above $73,000 in early 2024, most investors have set their target on the $100,000 mark as the next record valuation for the maiden cryptocurrency. Now, a trading expert has come forward, offering a blueprint to push Bitcoin toward this milestone.
On a low-volatility Saturday, Bitcoin experienced a slight dip of 0.13%, attempting to hold steady above the $65,000 mark. This minor pullback appears to be a brief cooling-off period, allowing the price to consolidate above key support after a three-week rally fueled by favorable macroeconomic events and renewed inflows into Bitcoin ETFs.
After less than a year of trading on Wall Street, U.S.-listed spot Bitcoin exchange-traded funds (ETFs) are well on pace to surpass the estimated BTC stack of Satoshi Nakamoto, the mysterious inventor of the flagship cryptocurrency.
Bitcoin has broken a key resistance level and is increasingly moving in sync with U.S. stocks.
On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S.
A widely followed crypto analyst believes Bitcoin (BTC) may hit six figures before the year's end as the top digital asset by market cap reclaims the $65,000 level. Crypto trader Michaël van de Poppe tells his 725,400 followers on the social media platform X that Bitcoin may increase more than 53% from its current value.
Bitcoin, the world's leading cryptocurrency, is showing signs that it may soon attempt to reach its all-time high of around $73,700. Recent analysis suggests that while many traders are optimistic, the dynamics of the market might lead to varying reactions, especially as the U.S. elections approach.
Bitcoin's price has broken post a key level recently and is seemingly targeting a new all-time high in the short term. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has finally broken above the $64K level and the 200-day moving average, which is located around the same mark.
10xResearch analysts who had correctly predicted the Bitcoin price run-up to a new all-time high earlier in the year have turned bullish once again. In a recent report by 10xResearch Head of Research, Markus Thielen, the analysts point out a number of factors that have seen the BTC price turn bullish.
Bitcoin might be due a price correction soon, but will that happen now?
Bitcoin has experienced a bullish week, surging 6% since Wednesday, igniting excitement among analysts and investors who believe this could be the beginning of the next major rally. The last significant rally, from January to March, propelled Bitcoin's price up by 91%, nearing all-time highs.
NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach a total of $79.38 million. According to cryptoslam.io, the number of NFT buyers jumped by 34.13%, while sellers grew by 28.72%.
With a strong bullish reversal, the cryptocurrency market has recorded a significant uptrend over the past few days. Moreover, the Bitcoin price has breached its important resistance of $64k and is on the verge of testing its upper high.
Bitcoin and Ethereum ETFs (exchange-traded funds) recorded the highest multi-week inflows in the session ending Friday, September 27. This comes amid ongoing chatter about the crypto market's recovery.
Bitcoin traders are keeping a close watch on key economic indicators from the United States, as BTC's price bounces back 2% on September 26. After dipping to around $62,700, Bitcoin has shown resilience, suggesting a potential upward momentum as the market awaits significant macroeconomic data, including GDP figures and unemployment statistics.
Bitcoin up 22% in September thanks to the Coinbase Premium. BTC could soon reach unprecedented heights!
Bitcoin has surged past $65,000, boosted by China's stimulus measures and stablecoin inflows.
On-chain data analytics platform Arkham Intelligence recently disclosed the combined Bitcoin holdings owned by Elon Musk's firms, Tesla and SpaceX. The disclosure comes amid rising momentum in the price of Bitcoin (BTC) following the 50 basis points rate cut implemented by the U.S. Federal Reserve earlier this month.