Tag Archives: btcusd

CoinspeakerBlackrock’s IBIT among Top 3 US ETFs by Flows, Hit $10B in AUM IBIT saw over $500M in inflows between February 27 and 29. Blackrock’s IBIT among Top 3 US ETFs by Flows, Hit $10B in AUM

Bitcoin’s price has been making higher highs and lows consistently over the past few months. However, the market is currently consolidating around a key resistance level, failing to continue higher. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been breaking through several resistance levels since rebounding from the $40K support zone. Yet, the market is currently hovering around the $52K resistance level. While there are no serious...

Bitcoin’s price has entered a sideways consolidation phase following a notable surge toward the $52K resistance level, leaving market participants uncertain about its next direction. However, a short-term correction seems likely. Technical Analysis By Shayan The Daily Chart Analysis of the daily chart reveals a prolonged bull market for Bitcoin, characterized by its upward movement within a clearly defined ascending channel. This pattern indicates strong buyer dominance,...

This week saw quite a bit of action, which ultimately failed to result in any substantial gains or losses in the total cryptocurrency market capitalization. The figure stands at $2.057 trillion, according to CoinGecko – up ever so slightly compared to this day last week. Bitcoin’s price charted a decline of 2.8% in the past seven days, as the bulls were unable to remain above the important technical level at $52K. And it wasn’t for the lack of trying. In fact, BTC was trading...

CoinspeakerBlackRock’s Latest Investor-Friendly Spot BTC ETF Ad Presents Bitcoin as ‘Progress’ Marketing for Bitcoin ETFs has taken some interesting turns since Bitwise released the first ad in mid-December 2023, close to a month before spot Bitcoin ETFs were approved. BlackRock’s Latest Investor-Friendly Spot BTC ETF Ad Presents Bitcoin as ‘Progress’

CoinspeakerUnprecedented Weekly Inflow of $2.5 Billion for Bitcoin ETFs The rising inflows coincide with an increase in the price of Bitcoin, which has surged nearly 25% year-to-date. Unprecedented Weekly Inflow of $2.5 Billion for Bitcoin ETFs

Bitcoin’s price has been rallying consistently over the last few weeks, breaking past several resistance levels. Yet, some worrying signs are starting to emerge. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has rallied toward the $52K resistance level after a rebound from $40K earlier in January. While the market is testing the $52K level, the Relative Strength Index is demonstrating a clear overbought signal. This could point to a...

The weekend isn’t treating Bitcoin’s price right as it has tumbled below $51K, erasing some of the gains achieved during the rally in the past few days. As seen in the chart below, the price took a turn for the worse in the past few hours. Source: TradingViewData from CoinGlass reveals that this has also sent ripples through the derivatives market, liquidating a total of $122 million in the past 24 hours. As it’s expected, the volume of these moves is significantly lower...

Bitcoin’s (BTC) uptick by more than 15% this week has caused the asset to hit new all-time highs (ATHs) against several depreciating fiat currencies. With the leading cryptocurrency recording new highs against the Argentine peso (ARS), the Japanese yen (JPY), the Turkish lira (TRY), and the Nigerian naira (NGN), anticipation is rising about when it will register an ATH against the United States Dollar (USD). BTC Records New Highs As reported by CryptoPotato earlier this week,...

The past seven days in the cryptocurrency market have been absolutely blasting. The total capitalization soared above $2 trillion for the first time in a long while, as the entirety of the market charts considerable gains. Bitcoin seems to be ahead of the pack for the most part, charting an increase of more than 10% in the last week. At the time of this writing, the price hovers right around $52K, but it went above it on numerous occasions in the past 24 hours. The massive...