Tag Archives: Bitcoin

Bitcoin experienced a significant uptick, surpassing the $52,000 barrier after swiftly recovering from Saturday’s decline. Monday witnessed vigorous buying activity, propelling the price to its highest levels in the past five days, marking a notable resurgence to levels unseen since November 2021. Technically, Bitcoin faces minimal resistance levels until it …

Bitcoin has surged to $50,000 for the first time in over two years, marking a remarkable comeback from a series of crypto industry scandals and bankruptcies. The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64% plunge in 2022. Bitcoin last traded …

Bitcoin has surged over $44,000 for the first time since January 12, the day after spot ETF debuts, marking a new all-time high in US equity indices. The largest and oldest crypto by market value rose from $42,700 earlier in the day to as much as $44,300, its highest price …

While cryptocurrencies, like Bitcoin, saw a slight increase on Friday, they continued to trade at relatively low levels ahead of the weekend. A significant event for the stock market that may also affect cryptocurrencies will unfold next week.After swinging back and forth in recent days between the psychologically significant $40,000 …

JPMorgan has downgraded Coinbase to underweight, citing the disappointing performance of Bitcoin ETFs. The launch of spot bitcoin ETFs last year was expected to lead to a new era for cryptocurrencies, with mainstream money expected to flood the space. However, the bank cut its rating to underweight from neutral, with …

Due to the persistent threat of a deflationary economic downturn and the concerns of the real estate market, foreign investors are seen withdrawing their cash from China, which has resulted in continued currency devaluation. The most recent steps Beijing has taken to address the problem pose a downside risk to …

Bitcoin (BTC) faced heightened volatility on Tuesday, slipping below the crucial $39,000 threshold and registering a 4.33% decline over the past 24 hours. As of the latest update, the primary cryptocurrency was exchanging hands at $38,955. This market movement prompted a significant liquidation event, affecting 124,153 traders and resulting in …

Bitcoin (BTC-USD) is a type of cryptocurrency that does nothing, said JPMorgan Chase CEO Jamie Dimon who said he would advise his clients not to get involved in Bitcoin (BTC-USD), or in any of the new ETFs that were approved last week.Those include Grayscale Bitcoin Trust (GBTC), Blackrock’s iShares Bitcoin …

A drop in producer prices caused Treasury two-year yields to drop to their lowest level since May, suggesting that the Fed may cut rates this year. This comes after a higher-than-expected figure on consumer prices, which highlights how difficult it is to meet inflation targets.Wall Street analyzed bank results and …

Following the introduction of eleven bitcoin exchange-traded funds (ETFs) in the United States, the cryptocurrency saw a notable decline on Friday, capping a week of positive growth. The majority of the cryptocurrency market was down as the price of bitcoin fell by about 6% to $44,022.22. But on Thursday, it …