The Bitcoin funding rate and the 3-month annualized basis rates are reaching levels that suggest to traders that a big change might be on the way. These are two important indicators used by Bitcoin traders. They could mean that the price of Bitcoin is likely to rise soon, as explained by a cryptocurrency analyst. Bitcoin…
The cryptocurrency market is experiencing a notable surge, led by Bitcoin, with Ethereum also showing significant growth. According to crypto expert John Doe, the market is dynamic, with new developments unfolding regularly. Let’s delve into what’s happening in the world of cryptocurrency, particularly the recent surge in Bitcoin and Ethereum. Both of these digital currencies…
Bitcoin’s recovery persists, leaping from under $59,000 to over $63,000, with many altcoins echoing its ascent. Bitcoin’s market cap now stands at $1.240 trillion, asserting dominance over the altcoins at 50.5%. Notably, leading gainers among major altcoins emerge from the volatile meme coin realm, featuring Dogecoin, PEPE, and SHIB. Bitcoin keeps getting better, reaching a…
Bitcoin’s journey towards the elusive $70,000 mark involves navigating key support levels and facing resistance, amidst significant market volatility. Recent performance saw Bitcoin testing support at $56,500, sparking discussions about its potential to reach the $70,000 price target. A pivotal event impacting Bitcoin’s trajectory was the recent bitcoin halving on May 20, marking the third…
Bitcoin’s value has surged by 6.47% due to positive news about the Federal Reserve’s interest rate plans and strong labor market reports. This indicates that investors are feeling more confident about the cryptocurrency. Bitcoin’s recent 6.47% surge is fueled by growing optimism, propelled by positive macroeconomic indicators. The uptick in the U.S. M2 money supply,…
Three well-known crypto analysts have pointed out that there could be a significant increase in the price of XRP compared to Bitcoin. Two of them even call it a “life-changing” opportunity. While Bitcoin is the biggest and most important cryptocurrency, its movements don’t always determine what happens with other cryptocurrencies. Sometimes, alternative coins like XRP…
The Federal Reserve didn’t surprise many by keeping its main interest rate unchanged at the Federal Open Market Committee Meeting (FOMC) on Wednesday. This decision, though, might not be what some investors in cryptocurrencies and stocks were hoping for. Earlier that day, Bitcoin’s price had fallen sharply by 6%. Bitcoin Price Reacts Positively to Fed…
The drop in Bitcoin price to $56K sparked a wider sell-off in the cryptocurrency market as traders decided to take profits. This decision came amid expectations of a hawkish stance from the Federal Reserve and potential delays in rate cuts. Bitcoin’s price has officially entered a bear market, dropping over 20%. This decline resulted in…
The cryptocurrency market took a sharp downturn, falling by over 6 percent in the last 24 hours, bringing the total market value to around $2.24 trillion on Wednesday. This decline occurred during the mid-London session and raised concerns among investors. Particularly significant was Bitcoin’s price dropping below the critical support range of $59,000 to $61,000…
Bitcoin’s price experienced a 5% pullback following the lackluster debut of Bitcoin and Ether ETFs in Hong Kong. Concerns over high leverages liquidation also contributed to the decline. Despite hopes for a relief rally, the ETFs’ launch failed to meet market expectations. The disappointing debut in Hong Kong added to the market’s concerns. Additionally, U.S….