Tue, June 18, 2024

Bitcoin

Bitcoin

Bitcoin Retreats to Mid-$57K Post-Fed Rate Decision

Quick Look: Bitcoin price currently consolidates around $57,000, down by 5%; Fed maintains high interest rates, reduces balance sheet contraction; Volatility spiked after the Fed announcement, impacting Bitcoin and stocks. The price of Bitcoin has experienced notable fluctuations, currently consolidating in the mid-$57,000s, reflecting a drop of roughly 5% on the day. This volatility comes …

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Largest cryptocurrency exchange and crypto data site, binance

Crypto Market Slumps as SEC Files Lawsuit Against Binance

Cryptocurrency prices experienced a significant decline on Monday following the US Securities and Exchange Commission’s (SEC) charges against Binance, the world’s largest crypto exchange, for violating securities laws. Bitcoin, the leading cryptocurrency, fell by 5.5% to $25,662.50, marking its lowest level since March, as reported by Coin Metrics. Ether, the second-largest cryptocurrency, also slid by …

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crypto, jasmycoin

Bitcoin and Ethereum markets awaiting the FRS decision

According to Coinglass statistics, the futures market has a fairly balanced spread of long and short orders. Besides, the buyer-side edge remains pretty insignificant. At the same time, the Binance BTC/USDT order database displays a strong resistance level to selling at US$29,000. It could easily serve as a target for Bitcoin bulls to beat. The …

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Bitcoin

Bitcoin price failed to maintain $30k volatility zone

Last week, the Bitcoin market consolidated. While putting the bulls in a difficult position, it brought great joy to the bears. Crypto investors expressed concerns about how Bitcoin’s swings may impact the market. Bitcoin attempted to re-escape from the present $30,000 resistance level. However, the bear’s readiness prevented the price from moving higher. As a result …

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Bitcoin

Standard Chartered: Bitcoin might rise 268% to $100,000

The crypto winter has passed. Therefore, Bitcoin is on its way to thriving, according to a Standard Chartered paper issued on Monday. According to the bank, the world’s largest digital currency by market cap might reach $100,000 by the end of 2024. It will mark a 268% rise from current levels. Standard Chartered’s Geoff Kendrick …

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Top Things to Check in Bitcoin This Week

A week of crypto turmoil: Bitcoin rises, Ethereum falls

A week of concerns about additional US bank failures and a potential recession is almost over. Remarkably, Bitcoin increased in Friday morning trade in Asia to hover above US$29,500. Therefore, some observers claim that new interest in the world’s largest cryptocurrency as a safe haven asset is emerging. Simultaneously, Ethereum dipped slightly but remained above …

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Bitcoin peaks

Fed inflation anticipation: Bitcoin’s major fall

Bitcoin dropped 3.8 percent in the previous 24 hours to trade at $28,958. The asset lately enjoyed a terrific run, posting a small rally to $30k. According to Coinglass, most BTC liquidated positions were long, surprising most investors. Ethereum is now trading below $2000 for the first time in weeks, with a 5.57 percent drop …

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crypto, jasmycoin

Prior to Ethereum Shanghai Upgrade, BTC ruled the crypto market

Ethereum’s much-awaited Shanghai upgrade, also known as the Shanghai-Capella hard fork, will present itself on Wednesday. Following this, users will have access to the $31 billion worth of ether (ETH) that has been placed in the blockchain since December 2020. The investors highly praised the upgrade as being long-term positive for the native token of …

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Bitcoin

Bitcoin price is weakening, yet major uptrend support is still there

Bitcoin price is weakening, yet major uptrend support is still there The bitcoin price surged past $29,000 but then made a smaller correction and is now stabilizing above the pivot mark of $28,000. The world’s largest crypto has accelerated its upward movement above the $28,500 obstacle, albeit only slightly, and is currently trading above both …

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Bitcoin, bch

$30k For Bitcoin? Fed Introduces New Weapon To Save Foreign Banks

$30k For Bitcoin? Fed Introduces New Weapon To Save Foreign Banks     The price of bitcoin is once again trading above $28,000, displaying an extraordinarily strong trend that points to future gains as the American banking crisis intensifies into a global banking crisis. The US Federal Reserve has restarted the money printer, which is …

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bitcoin

Bitcoin addresses demonstrate significant divergence

Momentum of Bitcoin addresses demonstrates significant divergence According to CryptoSlate’s analysis of Glassnode data, new address momentum measures for both the Bitcoin (BTC) and Ethereum (ETH) networks reveal that the BTC network is expanding while the ETH network is experiencing the opposite trend. A rise in the number of daily active users, higher transaction throughput, …

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