Bitcoin Price Financial News

Much has been made of Bitcoin’s (BTC) poor price action as of late, with many analysts making the case for further bearish momentum in the weeks ahead.

Bitcoin’s spirit animal is the honey badger. Bitcoin evangelist turned Bitcoin Cash promoter Roger Ver first popularized the meme in 2013 when he paid $1,500 a month for a billboard in California to display “Bitcoin is the Honey Badger of Money.” 

Bitcoin (BTC) attempted to flip and hold $26,000 at the Sep. 12 Wall Street open as a swift BTC price rebound excited traders.

Bitcoin (BTC) rebounded off three-month lows on Sept. 12 as traders voiced suspicion over BTC price behavior.

Bitcoin stands at the edge of a bearish breakdown, with a small possibility that the $25,000 support level could hold.

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (BTC), now trades at just 17% below BTC price parity.

Bitcoin (BTC) begins a key macro week in a weak place as 2023 BTC action begins to look like a “double top.”

Bitcoin (BTC) traded in a narrow range this week and is on target to form the third consecutive Doji candlestick pattern on the weekly chart. The cryptocurrency markets did not receive any support from the United States equities markets, which ended the week on a negative note. The S&P 500 Index dropped 1.3% while the Nasdaq closed down 1.9%. 

Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests.

BNB, Cardano and Tron were trading with gains, while XRP, Dogecoin, Solana and Shiba Inu were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 0.22% in the last 24 hours. «BTC’s price remained within a narrow range for another day, although for a very brief duration, BTC did trade below $25.5k and above $26k. The small dump and pump happened around the same time as the news broke out that a major tech investor Cathie Wood's ARK Invest applied for a spot Ethereum ETF in the US,» Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said. The total volume in DeFi is currently $2.07 billion, 7.87% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.1 billion, which is 95.46% of the total crypto market 24-hour volume.

Bitcoin’s price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that the asset could take.

Bitcoin (BTC) extended volatility into the Sep. 8 Wall Street open as a classic “short squeeze” sparked new September highs.

Bitcoin (BTC) is about to test hodlers with a “mid cycle lull” before starting a bull run in late 2024, a new BTC price model states.

Bitcoin (BTC) hugged a key long-term trendline on Sept. 7 as U.S. dollar strength hit its highest in six months. 

Bitcoin (BTC) has a chance to end 2023 at $35,000 despite heading lower in between, veteran analyst Filbfilb believes.

The Financial Accounting Standards Board (FASB) has unanimously approved rules for accounting for the fair value of companies’ cryptocurrency holdings, according to media reports. The rules will go into effect in 2025.

Bitcoin (BTC) price action suggests that the asset remains in a precarious position and a recent report from ARK Invest said that short-term Bitcoin investors had no choice but to capitulate in August as the percentage of Bitcoin supply in profit fell by 14 percentage points. 

Bitcoin is up against increasing bearish sentiments this week, just days after attempting to push past $30,000. Crucial technical markers are signaling further downside potential for the cryptocurrency over the near and medium terms.

Bitcoin’s (BTC) bullish momentum is “fading” as liquidity shifts preempt a volatile move, a new analysis warns.

The global cryptocurrency market cap was trading lower, around $1.04 trillion, declining 0.79% in the last 24 hours. «Bitcoin has been trading around the $25,600 level. This may be because of the uncertainty around a Bitcoin spot ETF in the US. This price movement suggests that the bears are actively trying to control the market,» Edul Patel, CEO & Co-Founder of Mudrex, said. Meanwhile, other top crypto tokens were also trading lower. Litecoin, Solana, and Shiba Inu fell over 2-3%, while Cardano, XRP, and BNB also declined.

XRP, Cardano, and Solana were trading with gains, while Dogecoin, Polkadot, Litecoin, and Shiba Inu were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.05 trillion, rising 0.18% in the last 24 hours. The crypto market was range-bound over the weekend and continues to trade sideways. The crypto fear and greed index, too, remained steady over the weekend. The index is currently in the fear zone with a score of 40/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures. «All major cryptos by market capitalization are trading marginally in the green. BTC and ETH continue to trade in a narrow range around their respective anchor levels of $26k and $1.6k. However, recent whale activity pertaining to BTC underlines optimism among investors,» Parth said.