Bitcoin has made a significant move upwards, approaching $27,000 after days of stagnation, although other cryptocurrencies such as SOL, ADA, TON, and MKR have outperformed it.
Bitcoin pulled back from its all-time high above $28,000 as investors analyzed the implications of Grayscale's court victory against the SEC, with the cryptocurrency dropping 2% to $27,240, while Ether decreased 1.7% to just above $1,700, leading to a decline in the broader crypto market.
Despite the current market conditions, a crypto strategist believes that Bitcoin (BTC) could experience a significant upward movement, potentially forming a bullish higher-low setup after a possible drop to around $23,600.
Bitcoin continues to trade below $26,000, with the crypto market experiencing a sideways trend, while Deribit's options segment saw increased trading volume in August.
Bitcoin has experienced a significant decline of nearly 20% since Standard Chartered's prediction of reaching $120,000, with the cryptocurrency falling for a second consecutive month amid a broader sell-off in financial markets.
The price of bitcoin briefly rose above $25,900 after the FASB approved favorable accounting treatment for companies holding crypto on their balance sheets and ARK Invest submitted paperwork for a spot ether ETF, but quickly returned to its previous level.
Bitcoin trades at $25,933, up 0.66% as U.S. CPI data is anticipated to show a small increase in August, driven by rising oil prices, while digital assets remain stable due to short covering and liquidity crunch, although a sustained bullish momentum is yet to be seen; meanwhile, the price of CRV token falls by 3.3% following negative events and selling pressure.
Bitcoin (BTC) reached new September highs as markets reacted positively to macroeconomic and crypto industry news, with the cryptocurrency trading at around $26,300, up 5.5% from its September lows; traders have expressed optimism about Bitcoin's recent performance and potential future breakout if a Bitcoin spot price ETF is approved by U.S. regulators in the coming months, while some remain cautious and predict a potential relief rally before a further decline in on-chain volume.
Bitcoin may be heading for a further price decline according to a top trader who previously predicted the cryptocurrency's 2018 bear market bottom, citing a bearish lower-high setup and an ABC corrective move that could push Bitcoin down to $23,800.
Crypto analyst Nicholas Merten predicts a significant contraction in the total market capitalization of Bitcoin and other digital currencies, with Bitcoin potentially facing a plunge of over 43% and stabilizing between $15,000 and $16,000 as the market potentially finds a foothold around the $650 billion cap.
Bitcoin (BTC) starts Uptober with a bullish move past $28,000, marking its best weekly close since mid-August and sparking excitement about potential price gains in October. Meanwhile, Bitcoin network fundamentals are not reflecting the bullish sentiment, as mining difficulty is set to decrease at its next readjustment on October 2.
Bitcoin surged over $28,000, experiencing a sudden spike and potentially driven by a short squeeze in the futures market, while Ethereum also rose above $1,700 for the first time in five weeks, contributing to a positive overall sentiment in the crypto market.
Bitcoin (BTC) experienced a slight increase in price before the daily close after previously giving up $1,300 in gains, with traders hoping for a slow and steady climb back to highs rather than a sudden spike.
Bitcoin (BTC) holds steady at $27,500 as attention shifts to the volatile U.S. dollar, with market observers identifying $27,000 as a key support level for BTC price.
Bitcoin experienced a brief rally above $28,000 but quickly dropped to $27,300, remaining relatively flat compared to the wider crypto market; however, it is still defying the market rout in equity and U.S. Treasury bond trading, signaling a bull market, according to ByteTree's chief investment officer.
Bitcoin's market share in the crypto market has risen to 48.5% as investors turn to the original cryptocurrency amid rising geopolitical risks, while Ether's market dominance has declined to 17%.
Bitcoin price is predicted to reach $750,000 to $1 million by 2026, according to Arthur Hayes, who highlights a major financial crisis and mounting debt as catalysts for the cryptocurrency's surge.
Bitcoin slipped 1.2% to trade just over $27,000 as worsening scenarios in the Hamas-Israel conflict shattered investor confidence in riskier assets.
Bitcoin slipped just under 1% in the past 24 hours as bearish calls among analysts, including Jim Cramer, grew, while overall market capitalization lost 0.3%.
Bitcoin's current price, which is below $30,000, presents an opportunity for investors to add it to their portfolios due to potential near-term catalysts like the upcoming halving, the possibility of approved Bitcoin exchange-traded funds, and a more accommodative Federal Reserve policy that could boost the cryptocurrency's price in the long term.
Bitcoin is poised for another meteoric rise due to the return of money printing by the US government, according to a trader who accurately predicted the end of the crypto's bull market in 2021, with Bitcoin potentially reaching a new all-time high of $180,000.
Bitcoin (BTC) surpasses $28,400 amid positive sentiment and the signing of a crypto licensing bill in California, while remaining resilient to fake reports of BlackRock's spot bitcoin ETF approval and experiencing a 2.1% gain in the past 24 hours.
Bitcoin (BTC) is predicted to reach $128,000 or more by the end of 2025, according to multiple analytics models, with one analyst projecting a two-year target of around $130,000 and suggesting that the area around this price is becoming a magnet due to the long-term bullish outlook.
Bitcoin outperformed the cryptocurrency market as Ethereum and DeFi tokens slid, with BTC rising to near $28,500 and its market share reaching over 52%, the highest since April 2021.
Bitcoin (BTC) has experienced a 70% increase in 2023 and could continue to climb, potentially reaching price targets of $45,000-$50,000 by the end of the year, but faces headwinds from the tightening policies of the United States Federal Reserve; Standard Chartered also predicts a year-end price of $50,000 due to reduced BTC supply from miners.
Bitcoin reached a three-month high of $31,087, rising 3.62%, amid investor optimism about the potential approval of a spot bitcoin exchange-traded fund (ETF), leading to gains in cryptocurrency-related companies; this surge also coincides with broader market concerns regarding the risk of Israel's conflict with Hamas escalating into a regional war.
The price of Bitcoin surged to $34,000 as excitement grew over developments in the Bitcoin ETF space, marking a 14% gain in the past 24 hours.
Bitcoin surpasses $34,000, reaching a record high for 2023, as anticipation over the approval of Bitcoin spot ETF applications by the SEC grows, leading to significant liquidation and bullish market sentiment.
Bitcoin's price surged past $35,000 as the mood in the cryptocurrency market has improved, driven by the potential launch of bitcoin exchange-traded funds (ETFs) and growing interest from institutional investors like BlackRock.
Bitcoin surged 14% to reach a 2-1/2 year high of $34,283 amid speculation that the U.S. may approve a bitcoin exchange-traded fund.
Bitcoin surged by 11.5% to top $35,000, as anticipation grows for the launch of the first spot bitcoin ETF in the U.S. led by asset management giants BlackRock and Fidelity, which could potentially open the floodgates for a new era of bitcoin investment options.
Bitcoin is predicted to continue its rally and potentially reach $48,000 by the end of the year, as it surpasses resistance levels and experiences increased trading volume and market dominance.
Bitcoin has surged past $35,000, driven by excitement over the possibility of bitcoin funds trading on stock exchanges and the potential launch of a BlackRock bitcoin ETF, although regulatory concerns and uncertainty still loom.
Bitcoin's price is predicted to increase by 74.1% in the first year after the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States, according to Galaxy Digital, with the potential for even greater growth due to "second-order effects."
The price of bitcoin has surged 25% in the past month, primarily during U.S. trading hours, signaling increased interest from U.S. institutions and investors due to the anticipated approval of a U.S.-listed spot bitcoin exchange-traded fund (ETF), according to crypto services provider Matrixport.
Bitcoin surged past $34,000 this week, up 106% so far this year, driven by factors such as constrained supply, underinvested market participants, and its attractiveness as a safe haven from troubled traditional markets and geopolitical turmoil.
The bitcoin price has surged past $35,000, reaching its highest level in over a year due to excitement over BlackRock's bitcoin spot ETF application and speculation that the U.S. wealth management industry could gain access to the crypto market.
Bitcoin has surged past $35,000, reaching its highest price since May 2022, amid a bullish week for the cryptocurrency market fueled by hopes of a Bitcoin ETF approval and significant gains in other major cryptocurrencies like Ethereum, XRP, Solana, Cardano, and Dogecoin.
Bitcoin slipped 2% to $34,000 as the crypto market cooled off, while meme coins DOGE and PEPE outperformed, and Matrixport predicts Bitcoin could reach $125,000 by the end of 2024.
Bitcoin (BTC) slipped 2% to $34,000 as the crypto market cooled off after a rally, with meme coins like DOGE and PEPE outperforming, while LINK and AGLD dropped; however, BTC is still in its fifth bull market driven by institutional adoption and could reach $125,000 by the end of 2024, according to Matrixport.
Summary: Bitcoin surged by over 14% in the past week, reaching a high of $35,000 and maintaining a 30% increase over the last two weeks.
