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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Bitcoin price jumped over 2% in the last 24 hours after Metaplanet announced it bought another 330 BTC and as MicroStrategy executive chair Michael Saylor hints at another Bitcoin purchase. Following the recent gain, the crypto market leader rose from a 24-hour low of $83,976.85 to an intraday peak at $87,679.23. BTC has since retraced to trade at $87,520.03 as of 1:09 a.m. EST. Metaplanet Adds To BTC Stockpile Japan-based investment firm Metaplanet announced earlier today that it has purchased an additional 330 BTC, valued at $28.2 million. This marks the firm’s third Bitcoin purchase this month. In an X post today, the company said it made the purchase at an average price of $85,605 per Bitcoin , pushing the company’s total holdings to 4,855 BTC. Metaplanet CEO Simon Gerovich also shared the news of the latest purchase, adding that the firm has achieved a BTC yield of 119.3% year-to-date. Metaplanet has acquired 330 BTC for ~$28.2 million at ~$85,605 per bitco...

The cryptocurrency market has experienced heightened volatility following President Donald Trump’s announcement regarding creating strategic reserves for digital assets. This volatility has led to accelerated liquidations across exchanges. For instance, on Monday, March 3, the market saw $120 million in liquidations within an hour, coinciding with a brief drop in Bitcoin (BTC) below the $90,000 mark. On a broader scale, over the past 24 hours, total liquidations surged to nearly $1 billion, according to Coinglass data Picks for you 2 cryptocurrencies to reach a $10 billion market cap in March 1 hour ago Is the U.S. govt secretly buying Bitcoin after Trump’s crypto update? 3 hours ago ...

The Bitcoin price jumped 4% in the last 24 hours to trade at $102,949 as of 2.40 a.m. EST on trading volume that skyrocketed 52% to $72.02 billion. The increase in the BTC price is believed to be due to news of MicroStrategy’s latest purchase of Bitcoin, which marks the 12th consecutive week the firm has added to its stockpile. The recent acquisition saw the company purchase $1.1 billion worth of BTC. In response, Bitcoin, which dropped from $105k to $97.9k yesterday, immediately started a recovery. This has brought it to its current level at just under $103k. Bitcoin Price Prediction Bitcoin’s price has seen quite a bit of activity in the last two days. As mentioned, its price dropped from $105k to $97.9k, which was a major move after trading sideways for several days with extremely tight Bollinger Bands. As the price started spiraling down, the bands once again widened, only to narrow down again when the coin reached its bottom at around $98,000. However, following th...

The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $99,215 as of 02:36 a.m. EST on trading volume that plunged 18% to $55.4 billion. This comes as Ethereum co-founder Charles Hoskinson say Bitcoin could soar to $250,000–$500,000 within the next 12–24 months, citing strong investment inflows and growing interest in the cryptocurrency market. “This will translate to an ecosystem whose value is starting to approach that of gold – an asset humans have used as a store of value for over 5,000 years,” Hoskinson said. Bitcoin Price Aims To Sustain Its Bullish Trend The Bitcoin price has been in a sustained bullish rally, after the asset capitalized on the $69,000 level at the beginning of November. According to data from GeckoTerminal , BTC is now recording higher highs and higher lows, trading within the rising channel pattern. BTC price has maintained its position over the 50-day and 200-day Simple Moving Averages (SMAs), w...

The Bitcoin Price soared almost 4% in the last 24 hours to trade at $62,759 as of 11:12 p.m. EST on trading volume that rose 1% to $30 billion. This comes as MicroStrategy co-founder Michael Saylor says that the company aims to become a “Bitcoin bank” with a $1 trillion valuation. Bitcoin Price Aims For A Sustained Bullish Rally According to data from GeckoTerminal , the Bitcoin price has been consolidating since the beginning of September, trading within the $57,000 and $66,000 resistance. BTC has recently bounced from the Fair Value Gap (FVG) around $59,000, which supports the bullish rally, crossing the $62,500 resistance. The price of Bitcoin now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), further supporting the bullish sentiments. Moreover, the Relative Strength Index (RSI) is soaring above the 50-midline level, currently at 57 and moving up, which shows that the bulls have the upper hand. The Moving Average Convergence Divergence (MA...

Bitcoin’s price is soaring in 2024. Investors are watching closely as the U.S. presidential election nears, and many wonder how it will affect the crypto market. Also Read: Bitcoin Experts Bullish On Shiba Inu’s (SHIB) $0.05 Price Target Bitcoin’s Meteoric Rise: Unpacking Crypto Market Trends and Election Impacts Source: Statista Experts Predict High Bitcoin Prices Experts think Bitcoin will do well no matter who wins the election. Steven Lubka from Swan Bitcoin says: “Do I think we’ll be in the six figures by 2025? Almost certainly. Do I think we’ll be in the six figures regardless of who wins? Almost certainly.” Global Factors Matter More Bitcoin’s value depends more on world economics than U.S. politics. Lubka explain: “Bitcoin has always been an investment that is rooted more in the fiscal and monetary profile of countries, sovereigns and the United States. Neither candidate changes that.” Short-Term Changes vs. Long-Term Growth ...

The Bitcoin price soared 2% in the last 24 hours to trade at $59,133 as of 03:42 a.m. EST on trading volume that surged 23% to $34 billion. This comes as Marathon Digital Holdings, Inc., one of the world’s largest Bitcoin mining firms, announced its plans to privately offer $250 million in convertible senior notes due 2031. The private offering is targeted at qualified institutional buyers. The firm aims to use the proceeds to acquire Bitcoin as well as corporate growth. Marathon Digitals also has the option to increase the offering by an additional $37.5 million. Depending on market conditions. These notes are set to mature in 2031, with interest payments starting in 2025. Bitcoin Price Could Sustain Its Rally The Bitcoin price has been in a sustained rally in the last week, soaring 7%, according to data from GeckoTerminal . BTC has been trading within the rising channel pattern, with the price surging over the channel once as it rose to the $62,500 resistance. The bulls ...

Bitcoin heads into November to tackle Fed rate decision day after BTC price cements its second best month of 2023. Bitcoin (BTC) has seen its highest monthly close since May 2022 after “Uptober” delivered near 30% BTC price gains . BTC/USD 1-month chart. Source: TradingView Monthly close boosts Bitcoin bull market hopes Data from Cointelegraph Markets Pro and TradingView confirms Bitcoin bulls successfully held on to upside into Nov. 1. After navigating a choppy mid-month trading environment, hodlers were treated to a finale similar in character to October’s initial breakout. Monitoring resource CoinGlass thus put October as the second best-performing month of 2023. Bitcoin gained 28.5%, trailing only January’s 39.6%. BTC/USD monthly returns (screenshot). Source: CoinGlass Reacting, popular trader Bluntz cautioned over discounting what amounts to a “high timeframe weekly range breakout.” “I believe this current one will be akin to the oct 2020 ones and the april 2019 one,” he wrote i...

Bitcoin miners and "smart money" are the investor cohorts to watch when it comes to late 2023 BTC price action, says Filbfilb. Bitcoin (BTC) is “much more likely” to stay rangebound until at least Q4, 2023, according to longtime market participant Filbfilb. In an X thread on Aug. 25, the popular analyst and co-founder of trading suite Decentrader told readers to expect flat BTC price action into year end. Filbfilb: BTC price approaching "critical time" Bitcoin may be disappointing bulls after its 70% Q1 gains, but for Filbfilb, there is little about BTC price action this halving cycle that is different to its previous ones. “Bitcoin is 1200 days since the previous halving. During this period, Bitcoin has historically consolidated,” he explained. Uploading various comparative charts, Filbfilb predicted that miners should begin to bid price higher into the Bitcoin halving — with this occurring around 1,276 days after each prior halving . “Miners are incentivized to ...

Even altcoins slumped, with only Ripple and Cardano registering inflows. Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares.  Optimism surrounding what was previously thought to be the impending approval of a spot-based Bitcoin exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone. This week in Fund Flows by @CoinSharesCo Head of Research @jbutterfill: Digital asset investment products saw outflows totalling US$55m — we believe this is in reaction to recent media highlighting that a decision by the US Securities & Exchange Commission to authorise a US… pic.twitter.com/Ecxx3GeZkR — CoinShares (@CoinSharesCo) August 21, 2023 Ethereum products didn’t fare much better given its market share. Ether funds saw $9 million in outflows, while Polygon, Litecoin and Polkadot also saw outflows totaling a combined $2 million. The only crypto currencies to exp...