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Bitcoin Price
Bitcoin Price refers to the current value of Bitcoin (BTC) in the global cryptocurrency market. As the first and most prominent digital currency, Bitcoin's price is a significant indicator of the overall health of the cryptocurrency market. It is determined by supply and demand dynamics, influenced by factors such as market sentiment, regulatory news, technological advancements, and macroeconomic trends. Bitcoin's price is also closely watched by traditional finance professionals, given its potential as a digital asset and a hedge against inflation. It's traded on various cryptocurrency exchanges, including Coinbase, Binance, and Kraken.
US Inflation Hits New 4-Decade High of 7.5% in January
The Consumer Price Index (CPI) data for January released Thursday revealed prices have climbed 7.5% over the past year, the fastest pace since 1982. "The Hash" panel discusses the report and what this means for bitcoin as a potential hedge against inflation.
Bitcoin Reverses Earlier Dip, Resistance Stands at $46K
BTC is approaching overbought levels, although pullbacks could stabilize at between $40K and $43K.
Miners Offloading Holdings Could Have Contributed to Bitcoin’s Fall to $33K
Data from multiple sources show bitcoin miners sold part of their holdings over the past 30 days after months of accumulation. The weekend’s sale was the first for 2022 after a previous selling period in November, which could have contributed to a decline in bitcoin prices near $32,000. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Price Recovering to $44K Level After Slight Pullback
Bitcoin is recovering from a slight pullback Wednesday and is up 3% over the past 24 hours at around $44,500, which some say is an indicator of a bullish shift. Why is this happening? CoinDesk Director of Professional Content Galen Moore reviews the day's top stories potentially moving the markets.
Bitcoin Recovering Between $40K Support and $46K Resistance
BTC trading volume is ticking higher as buyers defend intraday support levels.
Is BTC in a Bear Market Rally?
TheoTrade co-founder Don Kaufman shares his view on the crypto markets. He explained that the decoupling of bitcoin from other major asset classes could've contributed to moving price action. "What I think we saw over the last couple of days ... this is like a quintessential bear market rally," Kaufman said.
Bitcoin Miners Offloaded Holdings as Prices Dropped to $33K
The selling likely contributed to the crypto's decline in price in January.
BTC Breaks Through 2022 VWAP Over the Weekend
Bitcoin broke key resistance levels related to the “volume weighted average price,” or VWAP, a tool that calculates the average price a security has traded at throughout the day using both price and volume. Could bitcoin have room for further gains? “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Retail Investors Staying the Course Despite BTC’s Price Decline
Morning Consult Financial Services Analyst Charlotte Principato shares insights into the latest data revealing bitcoin owners and likely investors predict BTC’s price could recover to 2021 highs. Plus, breaking down the risk profiles of US adults vs. bitcoin owners.
Bitcoin Stalls Near Resistance; Lower Support at $40K
Overbought signals on intraday charts preceded the current pullback.
