Bitcoin’s price appears to be sluggish as we move into this week. Last week, prices faced another rejection at the $94,000 resistance level. The bulls struggled to find any momentum as the price continued to decline into Sunday, ultimately closing at $88,170. This week, the bears are aiming to breach the $84,000 support level, potentially … Read more
Michael Saylor indicated that his firm might increase its Bitcoin holdings as the market experienced another downturn on Sunday, a development that left traders anxious and sparked renewed discussions about the factors behind the declines. In a recent post on X, Saylor unveiled a chart featuring the phrase “Back to More Orange Dots,” which investors … Read more
Bitcoin price skyrocketed past $94,000 yesterday after the Federal Reserve implemented a 25-basis-point rate cut. The Federal Reserve has reduced its benchmark interest rate to a range of 3.50%–3.75%. This move aims to bolster maximum employment while managing inflation, which remains somewhat elevated, all against the backdrop of moderate economic growth and a slowdown in … Read more
Bitcoin is demonstrating a recovery trend, currently stabilizing around $91,000 after bouncing back from the mid-$80,000 range, as highlighted in an analysis. This resurgence establishes a cautiously optimistic sentiment after last week’s decline, as buyers are stepping in at reduced price points. Nonetheless, the overall market sentiment continues to show inconsistency across multiple indicators, including … Read more
Bitcoin price experienced a significant drop, falling into the $88,000s yesterday, marking a decline of over 4%. The cryptocurrency is currently hovering close to its seven-day low of $88,091, sitting approximately 4% beneath its seven-day high of $92,805. Bitcoin’s global market capitalization currently sits at $1.77 trillion, accompanied by a 24-hour trading volume of $48 … Read more
Bitcoin is currently trading around $93,000, with approximately $81 billion in transactions occurring over the last 24 hours. The price has increased by 3% today, currently sitting just 1% shy of the day’s peak at $93,929 and approximately 3% above the weekly low around $90,837. Nearly 19.96 million BTC are currently in circulation, approaching the … Read more
The bitcoin price entered December with notable volatility, dropping 8% early Monday to the mid-$84,000s before recovering to around $85,456 at the time of writing. The world’s largest digital asset is currently hovering around a crucial $85,000 mark — a price range that analysts suggest could dictate whether bitcoin’s value stabilizes or descends towards a … Read more
Bitcoin and the broader cryptocurrency market witnessed a notable decline on 1 December as fresh selling pressure emerged. Bitcoin dropped 4.3%, falling below $88,000 in early Asian trading, while Ether declined 6%, slipping under $2,900, according to the reports. Data shows that the 24-hour fall contributed to a 30-day decline of 19.85%, worsened by leveraged … Read more
Bitcoin has regained price levels above $90,000, recovering after remaining under this important threshold for the majority of the past two weeks. During this timeframe, the leading cryptocurrency experienced a drop to a low of $80,600, representing a decline of over 10% from the previously mentioned support level. With the price hovering around 90,000, indications … Read more
Elon Musk’s SpaceX has discreetly moved 1,163 BTC, valued at approximately $105.23 million, into new wallets this week, prompting speculation about whether the aerospace company is gearing up for a sale or merely restructuring its reserves. On November 27, sources identified the transaction, highlighting that the bitcoins were transferred from a long-dormant treasury wallet to … Read more