Bitcoin Price Financial News

The difficulty of trying to crack $100,000 for the first time «could convince traders that the top is in, and profits should be locked in now,» wrote Noelle Acheson, author of the Crypto Is Macro Now newsletter. However, any such episode should be «fleeting,» she added.

The world's largest cryptocurrency was trading between $98,000 and $99,000 in late afternoon trading in the U.S. on Thursday, after briefly touching $99,073. Bitcoin has more than doubled in value this year and is up about 40% in the two weeks since Trump was voted in as the next U.S. president and a slew of pro-crypto lawmakers were elected to Congress.

Bitcoin rose to a record high above $94,000 as a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt added to hopes of a cryptocurrency-friendly regime under the incoming Trump administration. Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $92,104 in Asian hours on Wednesday, having touched a record high $94,078 just toward the end of the previous session.

Bitcoin experienced minor selling pressure over the weekend, dropping to $88,700 before quickly recovering to its current level of $91,000. While Bitcoin ETFs saw another week of inflows exceeding $1 billion, Ethereum ETFs also gained momentum, attracting $515 million in inflows over the past week As of 11:54 am IST, Bitcoin was up 0.5%, trading at $90,986, while Ethereum gained 0.65% to $3,130 in the last 24 hours.

The latest, according to a post on X from blockchain analytics platform Spot On Chain, happened on 15 November, when a «Satoshi-era Bitcoin wallet holding 2,000 BTC ($178 million) woke up after 14 years of dormancy.»

The digital asset rose nearly 6% in the US to a record $93,462 but failed to hold the climb, falling back to $89,974 as of 10:28 a.m. on Thursday in Singapore. The wider crypto market swung between gains and losses amid choppy trading.

Bitcoin broke through the $90,000 level on Wednesday, as its rally showed no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies. The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs. It was last up 5.49% at $93,158, marking a 32% rise since the Nov. 5 election.

Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday.

Bitcoin surged to $73,577 in early Asian trade on Wednesday, just $173 shy of its all-time high of $73,750, as investors closely monitored the upcoming US presidential election. However, by 10:40 AM, the leading cryptocurrency was trading 2.2% higher around $72,333.

US elections, Bitcoin prices have climbed over the $71,000 mark for the first time since June. The digital currency increased by more than 2%, reaching $71,310 while other cryptocurrencies, such as Ether and Dogecoin, also saw gains of about 4%. Bitcoin is often linked to Donald Trump’s campaign because he has been vocal about supporting digital assets and even vowed to make the US the crypto capital of the planet while Kamala Harris has called for a regulatory framework for digital assets.

cryptocurrency market cap, now standing at approximately $2.31 trillion over the past 24 hours. As of 1:21 pm IST, Bitcoin had fallen 1%, trading at Rs 66,790, while Ethereum dropped 1.8% to Rs 2,602.

cryptocurrency market cap, which now stands at approximately $2.34 trillion over the past 24 hours. As of 12:04 pm IST, Bitcoin was down 2%, trading at $67,731, while Ethereum fell 3.2% to $2,654.

Cryptocurrency prices showed mixed trends on Wednesday. Bitcoin (BTC) remained volatile but managed to stay above the $62,000 level, while Ethereum (ETH) continued to hover around $2,400. Solana (SOL) and XRP saw slight dips in the past 24 hours. As of 1:34 pm IST, Bitcoin was down 0.06%, trading at $62,240, while Ethereum gained 0.36% to reach $2,435.

cryptocurrency market cap, which now stands at approximately $2.17 trillion over the past 24 hours. As of 1:34 pm IST, Bitcoin was down 2.1%, trading at $62,264, while Ethereum fell 2.5% to $2,426.

Dogecoin, Tron, Toncoin, Cardano, Shiba Inu, and Chainlink recorded gains of up to 2.5%. The global cryptocurrency market cap declined by 0.23%, reaching approximately $2.13 trillion over the last 24 hours.

The release of the core personal consumption expenditures (PCE) price index — the Fed's preferred measure of inflation — is also due on Friday.

«Bitcoin has been rejected above $64,000 and has dropped to its previous consolidation range at $63,000. The asset remains range-bound, even as spot ETFs experienced outflows yesterday. Looking ahead, a decisive weekly close above $64,000 could trigger a rally towards $65,000. However, if this level fails to hold during a retest, a pullback to $62,000 may occur,» said Vikram Subburaj, CEO of Giottus.

crypto assets. In a typically positive/green month, Bitcoin was down 8.6%. As we head into September, a strong bearish outlook prevails in the market. Given September is usually a red month, traders are cautious about taking long positions in the current scenario. However, new opportunities arise when the market is bearish. Crypto should emerge out of macroeconomic and inflation-related fears in September with the possibility of US interest rate cuts. Currently, Bitcoin is trading below $57,000 and looks to consolidate into a strong position before bullish action ensues. The good news is that additional pain will be short-lived as the October-December quarter is usually exceptional for the asset class. If you have spare cash to deploy, consider cost-averaging your buys into some of the promising assets.

Data from the Institute for Supply Management (ISM) revealed that U.S. manufacturing remained subdued in August, signaling ongoing weakness in the sector.

cryptocurrency market cap dropped by 1% to approximately $2.08 trillion in the last 24 hours. As of 1:14 pm IST, Bitcoin was trading at $59,390, down nearly 0.5%, while Ethereum declined by 1% to $2,525.

As of 12:15 pm IST, Bitcoin was down 2.3%, trading at $59,656, while Ethereum fell 2.8% to $2,602. The global cryptocurrency market cap also dropped by 1.9%, settling at around $2.11 trillion over the last 24 hours.