Chain News Daily Official TheBitTimes.com

Ripple’s XRP token has had quite a bullish year. The asset breached the $3 mark in January of this year for the first time in seven years. The asset’s price has since fallen to the mid-$2 levels. XRP seems to be making another journey to the $3 mark. The asset’s price has risen 3.4% in the daily charts, 21.1% in the weekly charts, 14.7% in the 14-day charts, 21.3% over the previous month, and 410.1% since May 2024. Also Read: US Blocks Global Use of Huawei AI Chips in Brutal Crackdown: Nvidia Stock Set to Soar Source: CoinGecko Crypto Market Makes Big Moves Source: Watcher Guru The crypto market has been experiencing quite a surge over the last few days. Bitcoin (BTC) tested the $105,000 level but has fallen to the $103,000 price point. BTC’s climb to above $100,000 may have led to a boost in investor confidence. XRP and other assets are likely following BTC’s bullish trajectory. Also Read: BlackRock Seizes $22.8B Panama Ports in Quiet Power Move The bullis...

The Bitcoin market recent surge suggests a potential climb towards $95,000, hinting that it may have already found a solid bottom. On 21 April, the US Dollar Index (DXY) dropped below the 98 mark, reaching its lowest point in three years. This sharp decline helped propel gold to a new record high, while Bitcoin also gained momentum, breaking past the $88,000 threshold. Arthur Hayes, co-founder of BitMEX and chief investment officer at Maelstrom, has suggested that this might be the final opportunity to purchase Bitcoin for under $100,000. Hayes anticipates that the Federal Reserve could introduce US Treasury buybacks, which he believes would significantly boost Bitcoin’s upward movement. Daily cryptocurrency market performance. Source:  Coin360 The whales seem ready for the move higher, as they have been accumulating in March and April. According to Glassnode data, the number of wallets holding more than 1,000 Bitcoin increased from 2,037 in late February to...

Though hardly spared by the most recent cryptocurrency market downturn, XRP has remained stronger than most other prominent cryptocurrencies. While both Bitcoin (BTC) and Ethereum (ETH) have collapsed to lows not seen since Donald Trump’s re-election, XRP remains 325% above its November 1 prices despite falling to $2.16. XRP one-week price chart. Source: Finbold Such relative calm can, most likely, be attributed to an external factor that has been bearing heavily on the token’s performance across multiple years: the legal battle between the SEC and Ripple Labs. Picks for you Is BlackRock dumping Bitcoin? 38 mins ago Pam Bondi’s net worth revealed: How rich is the 87th US Attorney General? 43 mins ago ...

The cryptocurrency industry has witnessed several changes over the past couple of months. Despite its slow start into 2025, Bitcoin (BTC) managed to record an all-time high of $109,114.88. The king coin has clearly raised the expectations of the community. While investors closed January on a good note, BTC holders are hopeful about the asset’s rise in February. But what are the driving forces of the king coin during the coming month? Also Read: SEC Approves Bitcoin-Ethereum ETF—Crypto Jumps 12% with $100M Inflows! Looking Into The Current State of Bitcoin Source: Watcher Guru The world’s largest cryptocurrency has been riding the volatile wave. Bitcoin surged to a high of $106,418.77 earlier today bringing back hope into the market. But the asset failed to latch on to this level as it slipped back down to a low of $103,962.94. During the time of writing, the king coin was trading at $104,670.81 following a 0.48% drop over the past 24 hours. Source: CoinMarketCap Bitcoin...

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 ignition of a new phase of the 2024 cryptocurrency bull market in early November appeared to promise a parabolic Christmas for Bitcoin (BTC) but as more recent trading proved, something might have burned out during the rocketing. Specifically, after surging 56% from $67,811 on November 5 to the all-time high (ATH) above $108,000 on December 17, BTC plunged to its press time price of $97,621, erasing approximately $180 billion from its market capitalization. BTC 7-day market cap price chart. Source: CoinMarketCap Indeed, at its recent high, the total valuation of the world’s premier cryptocurrency exceeded $2.14 trillion. In contrast, on December 24, data from Finbold revealed BTC stood at $1.93 trillion at the time of publication.  Picks for you Solana (SOL) is set for an imminent rally — Here’s why ...

Record Bitcoin buy news emerged as MicroStrategy suggested its first Bitcoin purchase above $100,000. This could push its holdings to $50 billion. Their cryptocurrency investment strategy during Bitcoin market volatility shows their path to becoming the first BTC bank. This move sets new standards and shows strong faith in digital money. https://twitter.com/saylor/status/1868277366226841996?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1868277366226841996%7Ctwgr%5E8b57dda5fb55fa4ad491e2e2917242e8ccd0f2f4%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcoinpaper.com%2F6551%2Fmichael-saylor-teases-record-breaking-bitcoin-buy-for-micro-strategy Also Read: Ripple: How High Will XRP’s Price Be 5 Days From Now? MicroStrategy’s Strategy to Become the First Bitcoin Bank Amid Market Volatility Source: CryptoSlate Historic Six-Figure Bitcoin Purchase https://twitter.com/fgthiel/status/1867948767686885548?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1867962670906851461%7Ctwgr%5E8b57d...

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...

In what has been a monumental show of strength for the leading crypto, Bitcoin (BTC) has officially climbed above $85,000 while setting a new all-time high. The token has continually outperformed landmark records that it began setting in March in what is one of its most impressive bull runs of all time. Yet, many are asking why the asset is up more than 5% in the last 24 hours. The 2024 presidential election of Donald Trump remains a premiere reason for Bitcoin’s overwhelmingly positive sentiment. Indeed, Trump represents what is the most pro-crypto president-elect in the nation’s history. Therefore, the tide is certainly changing on who is investing in the token and its potential entering the new year. BREAKING: #Bitcoin reaches new all-time high of $85,000 pic.twitter.com/6kKMdYVbef — Watcher.Guru (@WatcherGuru) November 11, 2024 Also Read: Bitcoin: Microstrategy’s ROI Hits 100%, Should You Buy MSTR? Bitcoin Keeps Setting Records: Why it Broke an All-Time High Yet Ag...

Crypto Fear and Greed Index is currently in the “fear” zone with a score of 30. This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months. The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin ( BTC ) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years. While BTC has traded lower during the current market cycle and the Crypto Fear & Greed Index has fallen into the “fear” zone, this is the first time it has done so since January last year. Crypto Fear & Greed Index drop to 30 As Bitcoin price slipped below $60,000 on Monday, June 24, the index score nosedived more than 20 points to drop into the “fear” zone. The decline means the Bitcoin Fear & Greed Index is currently trending at levels last seen in January 2023. At the time, Bitcoin price was trading around $17,000 after the market reaction to the industry’s ...

The Federal Reserve decided to leave interest rates unchanged. The U.S. Consumer Price Index [CPI] data revealed that inflation stayed at 0.3% in May. This further exceeded market expectations. Investors were closely awaiting this inflation data to review the state of the U.S. economy. In addition, crypto currency investors were also assessing this data while keeping a close look at Bitcoin [BTC]. With inflation cooling faster than projected, Bitcoin managed to rake in $1,500 in seconds following the news. BTC rose to a high of $69,411.3. This, however, did not last very long as the king coin dipped back to the $67,000 level. Despite this drop, several continue to bet big on BTC. 10x Research affirmed its optimism around BTC and a potential rally. Markus Thielen said, “Our recommendation remains unchanged: to stick with the winners [Bitcoin] and avoid others [such as Ethereum]. Our previous Analysis has shown that a lower CPI number tends to lift Bitcoin prices, and we an...