Tag Archives: Bitcoin price

Early on Wednesday, Bitcoin and other cryptocurrencies were gaining, recovering some of the losses from the selloff the day before. Over the last 24 hours, Bitcoin has increased by 0.2% to $65,505. The biggest cryptocurrency’s price has fallen since it reached a record high of around $74,000 in mid-March due …

Bitcoin experienced a slight decline on Thursday, remaining within its established trading range as investors awaited crucial U.S. economic data that could influence the outlook for interest rates. While easing concerns about a potential sell-off by defunct exchange Mt Gox provided some relief, the strengthening dollar, driven by anticipation of …

Bitcoin price has rallied to the $70,000 mark, indicating a potential bull market. Analysts believe that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in …

Bitcoin prices dipped slightly on Friday, erasing some of the gains seen in the past two days as caution prevailed following warnings from Federal Reserve officials about the possibility of interest rate cuts this year. The world’s largest cryptocurrency remained firmly within a tight trading range of $60,000 to $70,000 …

On May 15, 2024, Bitcoin was trading at approximately $62,775, up 1.8% in the last 24 hours. The US Consumer Price Index inflation data was the big event on the day, with expectations of a 3.4% year-on-year increase (slower than March’s 3.5%). Analysts speculated that a softer-than-expected CPI reading could …

Bitcoin’s DownturnBitcoin experienced a slight decline on Wednesday, failing to capitalize on a weakened dollar as traders adopted a cautious stance ahead of key U.S. consumer inflation data. The world’s largest cryptocurrency dipped by 0.9% to $61,974.9, signaling subdued market sentiment. Fed’s Cautionary RemarksBitcoin’s lackluster performance persisted despite the dollar’s …

Bitcoin’s price dipped on Monday, once again testing crucial support levels as sentiment towards cryptocurrencies struggled to improve amid anticipation of U.S. inflation data that could influence interest rates. While the dollar stabilized after last week’s losses, it added to the downward pressure on crypto markets. Traders maintained a bias …

The previous few weeks have seen a turbulent ride for cryptocurrencies, with unexpected lows and tremendous highs. Nevertheless, new information indicates that Ethereum and Bitcoin may be quietly making a comeback, even though their ascent may not be as high as initially anticipated. Bitcoin Price Performance in a month to …

Bitcoin price declined on Wednesday, reversing a rebound seen over the weekend due to persistent concerns over more regulatory scrutiny against the cryptocurrency industry. The dollar rebounded from recent losses after Federal Reserve officials signaled that the central bank was more likely to keep rates unchanged in 2024. Bitcoin fell …

Bitcoin saw a marginal rise on Monday, rebounding from bear market territory over the weekend, although uncertainties lingered amidst heightened speculation regarding potential U.S. interest rate cuts. Benefiting from a significant decline in the dollar following weaker-than-expected nonfarm payrolls data, Bitcoin recovered from recent lows, climbing 1.7% in the past …