Bitcoin Price Financial News

Bitcoin (BTC) exchanges have seen trading volume collapse as traders deal with constant macroeconomic uncertainty.

Bitcoin (BTC) hugged $26,000 at the Sep. 24 Wall Street open as a weekly close “nosedive” brought lasting consequences.

MicroStrategy, a business intelligence firm and major Bitcoin (BTC) investor, is sending a bullish signal to the market by announcing the acquisition of another big stash of cryptocurrency.

Crypto investment products registered their sixth consecutive week of outflows for the week ending Sept. 24. According to data from CoinShares, digital asset outflows from crypto investment products reached $9 million last week.

The SEC’s hesitation to approve the first Bitcoin ETF is putting pressure on the Bitcoin price, which is painful for crypto holders. Thanks to TradeSanta’s automated trading tools connected to spot and futures trading platforms, traders can reduce risks and take advantage of downturns.

Bitcoin (BTC) starts the last week of September with a retest of $26,000 as a stubborn range persists.

crypto market displayed a sideways trend, influenced by various industry developments and macroeconomic factors. Bitcoin started trading at the $26,000 mark and briefly surged above $27,000. However, it faced resistance around the $27,500 level, leading to a subsequent downward movement. Presently, BTC is trading at approximately $26,600. If BTC continues its decline, it may retest the support zone at $25,400. Despite experiencing a 60% decline from its all-time high, BTC has posted a 2.34% gain month-to-date and a remarkable 60% increase year-to-date. Additionally, this week the U.S. Federal Reserve convened for a meeting to discuss interest rate hikes. Fed Chair Jerome Powell indicated that the central bank would consider additional rate hikes if the economy continues to outperform expectations. The benchmark interest rate presently remains in the range of 5.25% to 5.50%. Concurrently, market participants are reacting to the U.S. benchmark 10-year note yields reaching 4.490%, the highest level since November 2007. These events have induced a bit of bearish sentiments in the markets. Similarly, Ethereum (ETH) has mirrored BTC's movements. ETH encountered bearish momentum below the $1,600 level. A breakthrough above the $1,620 resistance could propel its price toward $1,650, while a failure to clear immediate support may lead to a decline towards the $1,565 level. In an interesting turn of events, Germany's largest lender, Deutsche Bank, announced a collaboration with Swiss startup Taurus to establish digital asset custody and tokenization services, highlighting the growing involvement of traditional financial institutions in the crypto space.

Meanwhile, benchmark 10-year US Treasury yields touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank's 2% target. At 11 a.m., Bitcoin (BTC) was trading 1.62% lower at $26,620, while Ethereum (ETH) was trading below the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.06 trillion, falling 1.50% in the last 24 hours.

Bitcoin (BTC) has been trading in a tight range for the past three days even as the S&P 500 fell for the last four days of the week. This is a positive sign as it shows that cryptocurrency traders are not panicking and rushing to the exit. 

Bitcoin (BTC) stuck to $26,500 into the Sep. 24 weekly close as exchange trader “accumulation” continued.

Architect Financial Technologies, the startup founded by former FTX US president Brett Harrison, will provide derivatives brokerage services following its Architect Financial Derivatives subsidiary receiving approval from the National Futures Association (NFA) to operate as an independent introducing broker. The company is eyeing both the cryptocurrency derivatives market and the traditional market, Harrison said.

Bitcoin (BTC) circled lower after the Sept. 21 Wall Street open as $20,000 BTC price predictions resurfaced.

Argentina has grappled with hyperinflation for several decades due to failed policies that have led to budget deficits. As time marches on, the likelihood of Argentina — home to 47 million people — facing a full-scale currency collapse looms. But what are the prospects for increased adoption of Bitcoin (BTC), given its outstanding track record when priced in the local Argentine peso currency?

The next crypto bull run will look nothing like the last one and investors should tame their expectations of an imminent rocketing of cryptocurrency prices.

The Bitcoin price experienced an abrupt and unexplained decline of 87% on October 21, 2021, and new information suggests that Sam Bankman-Fried's Alameda Research may have been the culprit. 

Bitcoin (BTC) speculators are in “panic” mode as nearly all of them are in the red, research says.

Ether (ETH) has seen a 36% year-to-date increase in its price in 2023 in U.S. dollar terms. This recovery, however, is modest given that ETH is currently trading 66% below its November 2021 peak of $4,870.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.76% in the last 24 hours. The crypto market has traded sideways with an upward bias in the last 24 hours. It has been another positive day for BTC as it touched $27.4k before pulling back a little. In fact, the last 8 days have been pretty positive for the crypto market with BTC rising around 10% from the local top to bottom, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk. Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Over the past 24 hours, Bitcoin rose above the US$27,000 mark, marking its highest point since August 31st. This surge is in anticipation of the U.S Federal Reserve's upcoming meeting, scheduled for tomorrow, where the market expects the Federal Open Market Committee (FOMC) to momentarily halt interest rate hikes.»

Bitcoin (BTC) slipped from $27,000 on Sep. 21 as the dust settled on the latest United States macroeconomic events.

Bitcoin (BTC) saw snap volatility on Sep. 20 as the United States Federal Reserve maintained interest rates at twenty-year highs.

The ongoing legal battle between the Binance cryptocurrency exchange and the U.S. Securities and Exchange Commission (SEC) took a surprising turn on Sep. 18.