Bitcoin Price Financial News

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, BNB, Tron, and Shiba Inu were trading with gains, while XRP, Litecoin, Cardano and Polkadot were trading with cuts. «The crypto market has experienced slight selling pressure in the last 24 hours. The crypto greed and fear index is up by 2 points and is currently in the neutral zone with a score of 54/100. The overall market, especially BTC, seems to be rather immune to many macro developments in its current state. The latest example is the rise of jobless claims and treasury rates, which usually triggers a risk-off sentiment amongst investors,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Bitcoin (BTC) rose 0.55% to $29,180, meanwhile, its largest peer, Ethereum, was also trading higher and stood above the $1,800 level. The total volume in DeFi is currently $2.41 billion, 8.31% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.03 billion, which is 93.14% of the total crypto market 24-hour volume.

Bitcoin (BTC) fell below $28,700 after the Aug. 7 Wall Street open as “endless spot selling” drove BTC price action lower.

Bitcoin (BTC) starts the second week of August with barely a sound as rangebound BTC price behavior continues.

Blockstream CEO Adam Back, one of the crypto’s early pioneers, is pretty confident Bitcoin will hit an all-time high of over $100,000 before Bitcoin's halving in 2024 — and is willing to drop a million wagering on it.

Bitcoin (BTC) continued its boring price action over the weekend, indicating that the bulls and the bears are not waging large bets as they are uncertain about the next directional move. Nevertheless, traders should continue to keep a close watch because a period of consolidation is usually followed by an increase in volatility. 

Bitcoin (BTC) is preparing a “full bull” BTC price phase in classic style, market cyclist Cole Garner believes.

The classic buy and hold, or HODL approach to Bitcoin (BTC) outperformed the majority of crypto funds by 68.8% in the first half (H1) of 2023.

Bitcoin (BTC) inched higher at the Aug. 4 Wall Street open as mixed United States unemployment data rocked dollar strength.

Bitcoin (BTC) has not yet seen the majority of its gains this cycle, one popular trader believes.

Predictions that Bitcoin (BTC) will see a six-figure price by the end of 2024 continue to surface despite the BTC price losing the $30,000 level recently. 

United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new "cringe" video advertising merchandise for his reelection campaign.

Fitch Ratings downgraded the US long-term debt rating on fiscal concerns. Fitch Ratings has downgraded the United States' sovereign credit grade by one level from AAA to AA+ on the basis of 'ballooning fiscal deficits and erosion of governance' that have caused repeated debt limit emergencies over the past two decades. Bitcoin (BTC) surged 2.61% to $29,657, meanwhile, its largest peer, Ethereum, was also trading higher and climbed above the $1,850 level.

On Aug. 1 a significant event occurred within the financial world: Fitch, a reputable credit rating agency, demoted the credit rating of the U.S. government from the pristine AAA to AA+. This downgrade signaled diminished confidence in the U.S. government's ability to handle its fiscal responsibilities effectively.

On the latest episode of Market Talks, host Ray Salmond spoke with Blockware Solutions account executive David Gamble about the future of Bitcoin (BTC) mining, expectations for the cryptocurrency’s price, and his views on how the decentralized finance (DeFi) sector needs to evolve. 

Bitcoin (BTC) dipped below $29,000 on Aug. 3 as market concerns over largest global exchange Binance reignited BTC price downside.

Bitcoin (BTC) spiked above $30,000 on Aug. 2 as a tour of its trading range saw BTC price volatility return.

cryptocurrency markets were trading lower in Wednesday's trade. Bitcoin (BTC) declined 1.72% to $28,895, whereas Ethereum (ETH) was below the $1,850 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.16 trillion, falling 1.74% in the last 24 hours.

United States-based software development company MicroStrategy is planning to raise up to $750 million via a stock sale and says it may use the proceeds to buy more Bitcoin (BTC). 

Business intelligence firm MicroStrategy — one of the largest corporate holders of Bitcoin (BTC) in the United States — managed to return to profitability in the second quarter amid a surge in the price of Bitcoin.

In the latest episode of “The Market Report,” analyst and writer Marcel Pechman discusses the BALD token rug pull and the allegations pointing toward FTX founder Sam “SBF’ Bankman-Fried as the culprit. The token launched on Coinbase’s Base network, which is currently under development, and witnessed incredible gains between July 30 and 31.

Bitcoin (BTC) faces a “breakdown” and distribution despite a new macroeconomic paradigm being around the corner.