Tag Archives: btcusdt

After an extended period of consolidation, Bitcoin’s price has successfully surpassed the critical $30K resistance level. However, it is important to exercise caution within the market, particularly in the short term. Technical Analysis By: Edris The Daily Chart On the daily timeframe, Bitcoin’s price has experienced a rapid upward movement in the past week, following a strong bounce from the $25K support level. The resistance at $30K has been exceeded, and the price is...

Bitcoin (BTC) blasted back above $31,000 on Friday, resuming a week of bullish gains following BlackRock’s Bitcoin spot ETF application last week. The asset, which touched a high of $31,400 at 16:13 UTC, now trades for $31,117. The milestone puts Bitcoin’s total market cap back above $600 billion, and its market dominance above 51.86%. Data from Coinglass shows that over $108 million in crypto market liquidations have occurred in the past 24 hours, affecting close to 36,000...

What a week! It’s safe to say that being a bear throughout the past seven days must have been rough. The cryptocurrency market exploded above $1.2 trillion on the back of major gains from the majority of coins, including Bitcoin. There’s a lot to unpack, so let’s dive in. First things first, Bitcoin’s price is up a whopping 18% in the past seven days, trading above $30K at the time of this writing. The week started on the right foot as the price was slowly chipping upwards...

Bitcoin’s price has recently taken for the skies lately with an increase of upward of 20% in the past seven days alone. The cryptocurrency is already trading at around $30K, returning the bullish sentiment in the industry following days of a painful chop and downward movements. And while analysts are presenting their technical thesis for the next possible targets of BTC, we decided to talk to ChatGPT and see what needs to happen for it to reach the coveted $40K mark. 7...

Recent survey conducted by TResearch estimated that nearly 93% of Salvadorans approve of the leadership of President Nayib Bukele. This has been the highest level of support for the political leader who stepped into his role in 2019. Bukele is a well-known figure across the cryptocurrency community, mainly due to his pro-Bitcoin stance. Under his rule, El Salvador became the first country to adopt the primary digital asset as a legal tender.  Salvadorans are Satisfied With...

Bitcoin(BTC) has risen back above $30,000 for the first time since April amid optimism that a Bitcoin spot ETF product could soon be approved in the United States.  The asset appears to be outperforming other cryptos, sending Bitcoin dominance to another two-year high above 51%.  Bitcoin traded for roughly $28,300 early on Wednesday, before surging to $30,650 by 16:38 UTC. At press time, the asset trades for $30,250, according to TradingView. The pump puts Bitcoin up 7.00%...

Invesco – an American investment company with over $1.4 trillion of assets under management – reactivated its attempts to launch a Bitcoin Spot exchange-traded fund (ETF) in the United States. WisdomTree – another US finance giant – submitted a similar application to the SEC. The latest efforts come a few days after the world’s largest asset manager filed with the securities regulator to introduce a BTC Spot ETF in the States.  Invesco Rejoins the Race Eric Balchunas –...

The world’s largest asset manager made a massive step towards its involvement in the cryptocurrency industry this week by filing for a Bitcoin Spot ETF with the US Securities and Exchange Commission. With so many previous applications for such a product by other companies failing before, the community wondered whether BlackRock’s attempt seems doomed from the get-go. However, the behemoth’s success rate with the SEC has been rather unmatched so far. History to Repeat But for...

Bitcoin has finally calmed and remained relatively stagnant on a daily scale at around $26,500 after the massive volatility experienced during the business week. Most altcoins are in a similar state with insignificant daily gains or declines, aside from APT, which is up by 6% today. BTC Stalls at $26.5K Last weekend was quite uneventful for the primary cryptocurrency, aside from a brief pump and dump at around $26,000. As such, the asset entered the working week in a calm...

Bitcoin registered two consecutive days of price increases for the first time in a while as it pumped from under $25,000 to just shy of $27,000 within this timeframe. ETH’s performance is rather similar, as the second-largest crypto now sits at $1,750. Most other altcoins are in the green as well. BTC Soars to Weekly High The SEC’s lawsuits against Binance and Coinbase took their toll on the cryptocurrency market, with BTC slumping last week to $25,400, even though it wasn’t...