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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.
Bitcoin Rises Above $37K; Resistance at $40K-$43K
A decisive break above $40K is needed to pause the downtrend from November.
Bitcoin's Correction Continues for Now, but Eventually It Could Go 'Parabolic,' Says Peter Brandt
Selling pressure is not over yet, although a confirmed shakeout could give way to new highs, according to the chartist.
Veteran Trader Peter Brandt on Crypto Market Crash: 'Greed Puts in Top, Fear Puts in Bottom'
Veteran futures forex trader Peter Brandt, who correctly predicted bitcoin's steep price correction in 2018, discusses his optimistic take on the latest crypto market crash. "So what that we have a 50% correction? ... Greed puts in tops, fear puts in bottom," Brandt said. "This decline in bitcoin is really nothing to panic about." Plus, short-term price forecasts for BTC, the correlation between BTC and stocks, BTC as a store of value, the outlook for gold, and more.
Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold
Bitcoin's price slide appears overdone on technical charts. Still, demand from whales, or large crypto investors, remains elusive, signaling a low probability of a quick trend reversal higher. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Why Bitcoin’s $30K Level Is ‘Critical’
As bitcoin heads for its worst week in eight months after dipping nearly 50% from its November all-time high, Craig Erlam, senior market analyst at forex services firm Oanda, discusses key psychological thresholds to watch.
Bitcoin Short-Term Bounce Faces Resistance at $40K
Extreme oversold readings preceded an uptick in BTC.
El Salvador President Nayib Bukele’s McDonald Uniform for Twitter Profile Is All the Rage
El Salvador President Nayib Bukele announced Friday the nation bought 410 additional BTC for $15 million, totaling over 1,500 BTC. Bukele has since changed his Twitter icon to a McDonald’s employee after bitcoin shed 20% in the past week, referencing a meme of HODLers in their future career prospects when BTC crashes.
Korea Crypto Survey, China Hunts CBDC Talent
South Korea to include virtual assets in household finance survey. China’s central bank on hunt for CBDC talent. Bitcoin takes a beating amid market uncertainty. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Crypto Market Lost $1.3T Since November, Bitcoin and Ethereum Down 50% From All-Time High
Bitcoin’s price has been down 19% in the past seven days, the cryptocurrency’s worst weekly performance since May 2021. Marc Lopresti, managing director at asset manager The Strategic Funds, discusses his take on the new support and resistance levels to watch, identifying the potential bottom.
Bitcoin, Ether Still Perform Better Than Stock Indexes Since Feb 2020 Despite Sell-Off
Bitcoin continues to remain in sell-off mode descending below the key psychological $40,000 resistance level, and spiraling further still. The key to sustainable bitcoin price recovery is renewed institutional participation, which remains elusive.