Bitcoin news Financial News

The world's biggest and best-known cryptocurrency has more than doubled from the year's low of $38,505 and was last at $87,079, up nearly 9% from late on Sunday, having earlier touched a record high of $87,460.

Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin, extended their losses on Tuesday as concerns over U.S. economic growth intensified. Investors worried that escalating trade tensions could slow down the U.S. economy and push it into recession. Market sentiment weakened further after former U.S. President Donald Trump, in a Fox News interview, spoke about a «period of transition» but avoided predicting whether his tariff policies could lead to a recession. His comments added to investor uncertainty, triggering declines across cryptocurrencies, stocks, and the U.S. dollar, while Treasury yields also fell.

As of 10:39 AM IST, Bitcoin was up 6% at $92,168, while Ethereum surged 5.5% to $2,294. The global crypto market cap gained 5% to $3 trillion in the past 24 hours. Altcoins also saw gains, with Cardano rising 3.3%, Solana up 4.7%, Dogecoin jumping 8%, and XRP gaining 3%.

Trump said Sunday on Truth Social that the XRP, SOL and ADA tokens will be included in the reserve, along with Bitcoin and Ether. The news ignited an immediate crypto rally, offering relief to an asset class fresh off its worst month since 2022.

US President Donald Trump added uncertainty to looming tariffs on Canada and Mexico by suggesting they could take effect on April 2, extending the deadline by a month. However, a White House official later clarified that the previous March 2 deadline remained in place «as of this moment,» adding to market volatility.

Ethereum, XRP, and Solana, tumbled on Tuesday amid concerns over U.S. investment restrictions on China. As of 1:04 PM IST, Bitcoin fell 5.4% to $89,626. Ethereum dropped 7.7% to $2,498. The global crypto market cap declined 4.7% to $2.98 trillion in the past 24 hours.

DeepSeek, a selloff that raises questions about the crypto outlook after last year’s boom. Bitcoin churned at $101,800 as of 10:21 a.m. Tuesday in Singapore, holding most of a 3% drop from the prior session. Tokens such as Ether and Solana shouldered bigger hits in the slipstream of a plunge in the Nasdaq 100 Index of US tech stocks.

BTC touched an all-time high of $107,780 and was trading 1.9% higher at $106,482 in the past 24 hours as of 10:16 AM IST. Ethereum, the second-largest cryptocurrency, also gained 1.4%, trading at $4,006 during the same period.

crypto as the optimism sparked by President-elect Donald Trump’s embrace of the sector begins to cool. Bitcoin fell below $95,000 at one point on Tuesday, while an index of smaller digital assets slid as much as 15%, one of its biggest intraday drops of 2024.

Bitcoin surged to a new all-time high on Wednesday, crossing the $75,000 mark as Donald Trump has sealed the race to White House after breaching the 270-majority mark of electoral votes. The leading cryptocurrency surpassed its previous high of $73,750, reflecting a strong positive response from the market. Donald Trump clinched the White House after securing Wisconsin’s swing state and reaching a majority of 277 electoral votes, setting him up as the USA’s 47th President. The Republican also captured Pennsylvania, along with North Carolina and Georgia, and leads in Michigan.

Bitcoin reached its all-time high of $73,780 in March 2024, right before the halving event occurred. However, despite all expectations of a bull run symmetrical to previous halving events, the world's largest cryptocurrency has disappointed investors so far registering a 15% fall in the next six months. At the time of writing this opinion on September 9, Bitcoin has been unable to sustain its upward momentum and is trading at $55,081. Institutional investors have already provided a sale indicator, and coupled with whales and retail investors booking profits and the upcoming Federal rate cut announcement in September, experts suggest its valuation will slump over 20% in the near future. However, predictions have often worked little to understand the dynamics of the crypto markets in the long-term, but the looming rate cut and the outcome of the US Presidential Election have everything to shape Bitcoin’s future.

Bitcoin (BTC) has ended its losing streak and surged above the $57,000 mark for the first time this week on Thursday. This rebound comes as market participants seized the opportunity to buy the dip.

Bitcoin (BTC), the world's largest cryptocurrency by market value, plunged to multi-month lows on Monday as concerns over a potential US recession, fueled by disappointing economic data, spurred a rush to safe-haven assets. As of 12:57 pm IST, Bitcoin was trading 13.3% lower at $52,586, having briefly dropped to $49,121 in early Asian trading hours.

In the face of economic uncertainty and Japan’s sustained low-interest rate environment, Bitcoin is drawing increased attention from investors seeking higher returns.

Following a tumultuous Crypto Black Monday, the Bitcoin price has shown signs of recovery, rebounding from a dramatic 18% fall over the last five days.

Bitcoin’s price recently rebounded to around $55,126 after dipping below $50,000, reaching an intraday high of $56,245. This recovery comes amid a series of economic pressures, including the U.S. Federal Reserve’s decision to maintain high interest rates, which has heightened recession fears.

Bitcoin (BTC) began the week with a sharp decline, dropping below $50,000 and reaching an intraday low of $49,513. This fall was primarily triggered by widespread sell-offs in financial markets, spurred by fears of a global recession and escalating Middle East tensions.

Amid escalating Middle Eastern tensions and recession fears, Bitcoin’s price prediction remains uncertain as BTC falls sharply.

Bitcoin price prediction has become increasingly challenging amid ongoing market turbulence. MicroStrategy’s $15 billion Bitcoin holdings, coupled with shifting U.S. election odds and economic uncertainties, have kept Bitcoin under pressure around $64,350.

Amidst a tumultuous market, Bitcoin (BTC) has shown both resilience and volatility, recently failing to breach the coveted $70,000 mark.

Bitcoin (BTC) has recently faced downward pressure, slipping below the $64,000 mark and reaching an intra-day low of $63,580. Market volatility is driven by escalating tensions between Iran and Israel and a dovish Federal Reserve outlook that has kept interest rates unchanged while hinting at potential cuts in September.