Bitcoin continued its upward momentum on Friday, holding near record highs set earlier in the week. The cryptocurrency market was buoyed by Donald Trump’s victory in the 2024 presidential election and the Federal Reserve’s decision to cut interest rates, fueling optimism about a more favorable regulatory landscape and continued economic …
Read More »Bitcoin Reaches Record High Amid U.S. Election Developments
Bitcoin surged to an unprecedented high on Wednesday, fueled by early vote counts showing Donald Trump ahead in the 2024 U.S. presidential race. The largest cryptocurrency by market cap rose nearly 10%, reaching $75,071.8, as the prospect of a Trump presidency encouraged hopes for favorable crypto regulations. This rally reflects …
Read More »Crypto Market Pullback Deepens as Bitcoin Dips Below $69,000 Amid Shifting U.S. Election Odds
Bitcoin’s price saw continued losses on Friday, as the cryptocurrency market pulled back for the third day straight. The decline comes amid heightened volatility as Donald Trump’s odds in the U.S. presidential race faced slight dips, which some investors fear may add regulatory uncertainty, especially if Democratic candidate Kamala Harris …
Read More »Is Bitcoin’s Bullish Momentum Continuing Toward Fresh All-time High?
Bitcoin (BTC) has been on a remarkable upward trajectory, flirting with new all-time highs. On Tuesday, it reached a peak of $73,620, fueled by strong institutional demand, particularly from US spot Bitcoin ETFs. These ETFs saw a significant inflow of $827 million, the third-largest single-day inflow since their launch.Analysts believe …
Read More »Bitcoin Nears Record Highs Amid U.S. Election Speculation, Altcoins See Mixed Gains
Bitcoin surged on Wednesday, approaching its all-time high as investors bet on a potential pro-crypto shift in U.S. policy depending on the outcome of the upcoming presidential election. The world’s largest cryptocurrency rose 2% to $72,456.80, close to its record peak of $73,798. Bitcoin Rallies on Trump’s Pro-Crypto PositionBitcoin’s recent …
Read More »Bitcoin Market Analysis: A Sideways Trend with Upward Potential
The Bitcoin market remains in a sideways trading range that began in February. Despite experiencing some volatility recently, the overall trend suggests a gradual upward movement.Key Technical Levels:Resistance: The $70,000 level is a crucial resistance point due to its psychological significance. Breaking above this level could signal a stronger uptrend, …
Read More »Bitcoin Falls Amid U.S. Election Uncertainty and Slower Fed Rate Cut Expectations
Bitcoin prices fell on Tuesday, retreating from recent three-month highs as broader market uncertainty ahead of the U.S. presidential election dampened risk appetite. Bitcoin dropped 2.4% to $67,412.5, pulling back from a recent peak of $69,000, failing to break through the key $70,000 level that many analysts viewed as a …
Read More »Bitcoin Surges to Three-Month High Amid Speculation of Trump 2024 Victory
Bitcoin prices climbed on Monday, briefly reaching a three-month high as speculation grew over Donald Trump’s chances of winning the 2024 U.S. presidential election. The world’s largest cryptocurrency has seen a sharp rally over the past week, spurred by polls and prediction markets indicating a potential Trump victory, though analysts …
Read More »Bitcoin Surges Amid Hopes for U.S. Regulatory Reforms and Increased Inflows
Bitcoin’s price climbed on Wednesday, nearing a 2-½ month high, fueled by optimism that the 2024 U.S. elections could bring more favorable regulations for cryptocurrencies. The digital asset has also benefited from improving capital inflows, adding momentum to its upward trend. The world’s largest cryptocurrency appears to have broken free …
Read More »Is Bitcoin Eying Significant Breakout?
Analysis indicates a lack of demand-side pressure within the current Bitcoin price range. The Binary CDD metric, which measures the expenditure of holding time, reveals that long-term investors remain relatively inactive. This suggests that investor attention and new demand inflows have not seen a significant resurgence year-to-date.The lack of demand …
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