The price of Bitcoin may hover around the $66,000 zone until September, and if so, will provide investors with ample opportunities to accumulate, according to a crypto trader. “We will spend considerable time here and accumulate,” pseudonymous crypto trader Emperor wrote in a July 23 X post after explaining that the $66,000 price level has been “broken […]
Cryptocurrency
Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors
Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors took profits following the cryptocurrency’s best week since March. The price of bitcoin was last lower by 3% at $65,891.50 according to Coin Metrics. Ether, was down less than 1% […]
Bitcoin Traders Brace for ‘Fat Tails’ as Focus Shifts to Trump’s Nashville Bitcoin Conference Speech
Donald Trump’s impending appearance at the Nashville Bitcoin conference has traders preparing for fat-tails – extreme or unusual price movements in the leading cryptocurrency. Activity in the options market listed on Deribit and tracked by Amberdata shows a noticeable increase in the “butterfly index,” which measures the volatility of the out-of-the-money (OTM) 25-delta (∆25) call […]
Crypto surges on political respect as Donald Trump courts bitcoin enthusiasts
Crypto is surging again on a new wave of political respect as former President Donald Trump prepares to speak this week at a bitcoin conference in Nashville. The price of bitcoin (BTC-USD) is up more than 13% over the past month and surged above $68,000 in the last 24 hours, putting the world’s largest […]
Ether ETFs appear set to launch on Tuesday, six months after massive debut for bitcoin funds
The U.S. Securities and Exchange Commission appears to have given the green light for exchange-traded funds that hold ether, the world’s second-largest cryptocurrency. Trading is expected to begin as soon as Tuesday. Several fund issuers submitted additional registration statements Monday afternoon, and exchanges have given notice that the funds will trade on Tuesday, indicating that […]
Bitcoin price ‘explosive move’ puts old $69K all-time high in sight
Bitcoin circled $67,000 into the July 21 weekly close as an “extremely explosive move” set the stage for 10% gains. BTC/USD 1-day chart. Source: TradingView Bitcoin price continues “phenomenal retest” Data from Cointelegraph Markets Pro and TradingView showed BTC price action spiking to new July highs over the weekend. The largest cryptocurrency held onto its recovery in out-of-hours trading, this equaling […]
Biden withdrawal sends Bitcoin lower as Harris-themed memecoin surges 131%
US President Joe Biden sent shockwaves through markets as he announced he will not run again for another four years in the White House. “It is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of […]
Is Bitcoin on Track to Hit $100,000 by 2025?
Investors are focused on this important price target. Bitcoin (BTC 1.07%) has had an interesting year. From the start of 2024 to its all-time high on March 14, Bitcoin jumped 73%. But it’s been a pretty choppy four months since then. Bitcoin has had a nice run in the past couple of weeks, but it’s currently 12% off […]
Crypto Analyst Says ‘Think Bigger’, Bitcoin Price Is Headed To $100,000
A crypto analyst has maintained a strong bullish stance for Bitcoin (BTC), predicting that the pioneer cryptocurrency is heading towards a fresh all-time high of $100,000. The analyst has shared several factors that could propel Bitcoin to this lofty price target. Bitcoin To Hit $100,000 In 2024 On July 19, crypto analyst Scott Melker, also […]
Bitcoin and Ethereum Year-End Predictions: $100,000 and $10,000 Targets Appear Feasible Amid ETF Excitement
Over the past few weeks, important events have impacted Bitcoin, including those related to Mt. Gox. Despite the challenges, the Bitcoin chart is now approaching a potential breakthrough at the $70,000 mark. Analyst Tim Warren, Host of Investing Broz, predicts a possible rally to $82,000 and then towards $100,000. Key resistance is around $66,500, but […]