Tag Archives: Bitcoin (BTC) Price

For its more speculative enthusiasts, Bitcoin is delivering an early Christmas by racing beyond the $40,000 threshold and showing strong upward momentum. The rally has helped the market to distance itself from the challenges of the crypto winter in 2022. Yet, it’s essential to note that Bitcoin began the year with a precarious start, initially trading at a modest level of $16,500. Experts now believe the premier crypto asset is sitting at a crucial level, which might serve as...

TL;DR Adam Back, CEO of Blockstream, predicts Bitcoin (BTC) could flip physical gold’s market cap and potentially reach a price of $700,000, possibly during the next halving cycle in 2024. BTC’s current market cap stands at over $800 billion, far from gold’s $14 trillion, but it had previously surpassed $1.2 trillion at its peak in 2021. Other bullish forecasts for BTC come from notable figures like Robert Kiyosaki, Michael Saylor, and Cathie Wood, with predictions ranging...

Although most weekends tend to go relatively quiet for the volatile cryptocurrency industry, this one saw a more impressive price surge for BTC and several assets. This resulted in tapping a new 19-month peak for the primary digital asset and millions of dollars liquidated, mostly for short positions. As CryptoPotato reported earlier today, BTC had soared to a multi-month peak at $39,000 on Friday evening for the first time in over a year and a half. The asset failed to...

TL;DR Bitcoin’s 2023 Surge: Bitcoin has risen over 130% this year, with upcoming factors including the December 13 FOMC meeting and the December 12 US inflation rate announcement potentially influencing further price movements. Interest Rate Impact: The Federal Reserve’s upcoming decision on interest rates, which might remain stable or decrease, is expected to affect Bitcoin’s value. Lower interest rates could encourage investment in BTC. Spot BTC ETF Prospects: The potential...

The cryptocurrency market increased throughout the past seven days, tapping over $1.5 trillion in terms of total capitalization. A lot of the gains are coming on the back of Bitcoin, which tested $39K for the first time in quite a while. With many analysts firmly bullish, let’s dive into what happened over the past week. Bitcoin’s bullish foothold continues, with traders setting their sights at $40K. The cryptocurrency was able to increase by a modest 1.4% throughout the past...

TL;DR Bitcoin (BTC) has risen above $38,000 as BTC’s supply on exchanges drops to 5.38%, the lowest since December 2017, amid declining trust in exchanges following events like FTX’s collapse and Binance’s legal troubles. The trend towards BTC self-custody is seen as bullish, contributing to Bitcoin’s significant rally of 130% since the year’s start. Analyst PlanB forecasts Bitcoin reaching $65,000 after the 2024 halving and soaring to $524,000 by 2027, anticipating a more...

By Shayan Bitcoin’s recent consolidation phase has expanded, with the price exhibiting a slight uptrend accompanied by exceptionally low volatility. Despite this, it remains within a narrow price range, emphasizing the necessity of a breakout to determine the cryptocurrency’s next direction. The Daily Chart A detailed examination of the daily chart reveals a prolonged consolidation near the critical resistance region of $38K, where the price lacks a discernible direction....

After a meteoric rise from $26,750 on Oct. 12 to close the month at $34,667 on Oct. 31, Bitcoin price (BTC) is still rising in November. BTC pumped from the $36,500 handle to multi-day support at $37,400 the day Grayscale Investments met with the SEC over its Bitcoin ETF application. But its gains have seen more volatility this month, whipsawing on a course for $38,000 as Bitcoin ETF bulls hold their breath. That could be a sign that bears are gaining confidence. Meanwhile,...

While BTC’s price has been on a roll in the past few months, certain stocks with strong relation to the asset or the industry have been flying as well. Such is the case with MicroStrategy, whose stock price is up by more than 250% since the start of the year, and Coinbase (COIN), which has seen a surge of 240% in the same timeframe. COIN and MSTR Up by Triple Digits YTD After the atrocious 2022, which saw market prices decline by more than 50% in months amid geo-political...

The Bitcoin spot ETF narrative has numerous analysts and famous figures in the crypto space debating how much BTC will be worth if the ETF gets approved. The recent developments in the cryptocurrency market — the aftermath of the DOJ settling with Binance in $4.3 billion deal and the removal of CEO Changpeng Zhao — have sparked a re-evaluation of the bullish narrative surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). The Binance drama initially led...