Bitcoin Price Financial News

Bitcoin (BTC) bought on exchanges every year since 2017 is now on average in profit, the latest data confirms.

BNB (6.8%), and Cardano (0.6%) were trading in the green, while XRP (-1.7%), Solana (-6.7%), Dogecoin (-3.8%), Chainlink (-4.4), and Avalanche (-7.5%) were trading in the red. Meanwhile, the global cryptocurrency market cap increased by 0.08% to around $1.42 trillion in the last 24 hours. At 11.23 a.m., BTC was trading 0.6% higher at $37,354. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $730 billion. «Bitcoin is currently trading at the $37,400 level as investors anticipate updates from today's US FOMC meeting. Notably, Bitcoin has achieved a remarkable growth of over 126% since the beginning of the year. Concurrently, Ethereum sustains its position above the $2,000 threshold amidst discussions about the Spot ETH ETF applications in the US,» said Edul Patel, CEO of Mudrex.

Bitcoin (BTC) sought to rematch 18-month highs into Nov. 21 as order book activity gave one analyst a sense of deja-vu.

BNB, XRP, Solana, Cardano, and Dogecoin were up between 1% and 3.70% around 10.15 IST. Bitcoins's gains over the past seven days have been to the tune of 0.80% while for Solana Dogecoin and Cardano, the uptick has been nearly 4%, 2%, and 5% respectively. The laggards on a seven-day basis include XRP (-4.6%), Ethereum (-1.83%), and Tron (-5%). Cryptocurrencies have an inverse relationship with the US dollar. The dollar index was trading at 103.61, down 0.30 or 0.29%. The dollar index (DXY) has tumbled to a two-month low and corrected by 1.9% over the last five sessions, aiding the cause of cryptocurrencies. The weakness has been on account of softer US inflation for the October month which was lower than what the Street was expecting. This has given a fresh impetus to views that were batting for a pause in the interest rate. The lower inflation print may result in the Federal Reserve not doing any further rate hikes. Expert View

Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by digital asset platform Fineqia.

Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip.

cryptocurrency market on Friday gave up the previous day's gains as the global cryptocurrency market cap declined by 2.62% to around $1.4 trillion. At 12:34 p.m., Bitcoin was trading 3.4% lower at $36,338, while the second most popular token, Ethereum, was down 4% at $1,981. «Bitcoin (BTC) faces a sharp decline, falling more than 3% to the $36,300 range after rejecting the $38,000 resistance. The SEC's delay in ruling on Hashdex's bitcoin ETF conversion may have fueled the intraday selloff,» said Sathvik Vishwanath, Co-Founder & CEO of Unocoin. «Macro factors, including a potential US Federal Reserve tapering cycle in 2024, are contributing to cryptocurrency tailwinds. Chart analysis suggests an ascending triangle with bullish growth, with a break above $38,000 potentially leading to a test of $40,000,» Sathvik said.

Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejections of the spot Bitcoin exchange-traded fund applications before they are finally approved.

Bitcoin (BTC) is nearing a key Fibonacci retracement level which could mark the top of its “pre-halving rally.”

Bitcoin (BTC) circled $36,000 after the Nov. 16 Wall Street open as analysis hoped for a deeper BTC price comedown.

Bitcoin (BTC) bull market “FOMO” has yet to appear despite BTC price being up 120% this year.

Data showed US consumer prices were unchanged in October, and the annual rise in underlying inflation was the smallest in two years. In the 12 months through October, the CPI climbed 3.2% — below economists' estimates — after rising 3.7% in September. Meanwhile, the global cryptocurrency market cap fell by 2.3% to around $1.37 trillion in the last 24 hours. At 11:57 a.m., Bitcoin was trading 3.1% lower at $35,562, while the second most popular token, Ethereum, was down 3.9% at $1,980.

Bitcoin (BTC) saw a classic pullback after the Nov. 16 Wall Street open as deja vu BTC price action continued.

Markus Thielen, research head at Matrixport and founder of DeFi Research, expects Bitcoin’s bullish momentum to persist and drive prices toward $40,000 by the end of the year. 

BlackRock, the world’s largest asset manager, officially filed for a spot Ether Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC) on Nov. 15.

Bitcoin (BTC) circled a key level into the Nov. 16 Wall Street open after copycat BTC price action produced a fresh attack on $38,000.

BNB (-2.1%), XRP (-1.8%), Solana (-2.5%), and Chainlink (-5.5%) trading in the red, while Tron (2%), Toncoin (1.6%), Polygon 7.1%), Avalanche (3.5%), and Polkadot were trading in the green. Meanwhile, the global cryptocurrency market cap fell by 0.43% to around $1.41 trillion in the last 24 hours. At 12.12 p.m., BTC was trading 0.9% lower at $36,933. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, declined to $721 billion. Bitcoin's dominance is currently 51.20%, according to CoinMarketCap. BTC volume in the last 24 hours rose 0.6% to $13.04 billion.

On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains, with each chasing after new year-to-date highs. 

As we approach Bitcoin's (BTC) halving in April, a phenomenon that historically triggers significant market shifts, companies within the space are at a critical juncture. This event is surrounded by speculation and strategic planning, and for some, a sense of uncertainty. While it's laden with opportunities, it's vital for businesses to adopt a balanced approach, integrating a long-term perspective rather than catering to market euphoria.

Bitcoin (BTC) tested $35,000 support into the Nov. 14 daily close as sell-side pressure sparked multiday lows.

Frax Share’s recent market surge has positioned it as one of the best cryptos to buy now with a not insignificant 25.55% price increase so far in the month.