The price is finding it difficult to settle above the 67,000 resistance. Bitcoin is now moving in a narrow range and may head towards the support area at $63,400. As the price of Bitcoin began a sharp decline from a new historical high, reaching $69,218. Bitcoin fell to $59,150 before trimming its losses. It rose … Read more
A new high record was recorded by bitcoin, which reached $69,202, surpassing the all-time high of November 2021 at $68,999.99. It then traded lower and last settled at $68,440. Its rise is being fueled by investors pouring money into US exchange-traded spot crypto products and the prospect that global interest rates may fall. In an … Read more
crypto coins After its spectacular fall in 2022, bitcoin started a remarkable recovery in the autumn of last year. — © getty After a remarkable comeback, bitcoin became worth more than $69,000 on Tuesday. This set a new record. The price of bitcoin, the first and largest cryptocurrency, rose to $69,191.95 in New York on … Read more
Analysts at Bernstein say Bitcoin may hit $150,000 in the next 18 months as it is boosted by institutional investor capital. He made his prediction after the price of Bitcoin surged past $60,000 for the first time since November 2021. The surge in Bitcoin prices has been driven by the launch of several Bitcoin ETFs … Read more
The largest cryptocurrency by market capitalization, Bitcoin, is on track for its biggest monthly gain in more than three years, driven by a rush of cash flowing into exchange-traded funds. According to Reutersthe approval and launch of spot bitcoin exchange-traded funds in the US this year opened up the asset class to new investors and … Read more
Bitcoin Surges Past $57,000 Mark, Hitting New Milestones in Major Rally Bitcoin Reaches $57,000, the Highest Price Since November 2021 On the heels of significant gains in the U.S. market on Monday, the price of bitcoin (BTC) skyrocketed further during the early hours of Tuesday morning in Asia, surpassing several key round number milestones. Notably, … Read more
Liquidity in the cryptocurrency market has already been improving since the launch of spot Bitcoin ETFs in the US, despite speculation that increased demand from these ETFs will lead to a supply crunch. Bitcoin advocates, such as Michael Saylor, president of MicroStrategy, and Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, see demand from newly launched … Read more
Grayscale Fund Redemptions Traders said that while spot Bitcoin ETFs have attracted billions of dollars, a large proportion of inflows likely came from redemptions moving from the Grayscale Bitcoin Trust to lower-cost competitors. About $7 billion in investments have exited the $24 billion investment fund since it was transferred from a trust. Bankrupt cryptocurrency companies … Read more
Investors’ willingness to put money into bitcoin was also supported last month by US regulatory authorities’ approval of exchange-traded funds (ETFs) to track its price. At around 18:30 CET, according to the specialized CoinDesk server, bitcoin had increased by over five percent to $50,196 in the past 24 hours. It was the highest since December … Read more
The price of the most popular cryptocurrency in the world, Bitcoin, increased by 10% compared to quotes on Friday, February 9. As of Monday evening, February 12, it is more than 50 thousand dollars. This data is provided by the crypto exchange Coindesk. Experts attribute the growth to the easing of China’s monetary policy. This … Read more