Bitcoin Price Financial News

cryptocurrency market was trading in the red on Monday. Bitcoin (BTC) fell 0.65% to $30,069, while Ethereum was just above the $1850 level. Meanwhile, BTC volumes in the last 24 hours stood at approximately $8.8 billion, rising 17.78% in the last 24 hours. Bitcoin started the new week trading sideways above the US$30,000 level as the market continued to digest the latest nonfarm payroll report, Edul Patel, Co-founder and CEO at Mudrex, said. «BTC has been trading between the levels of US$30,000 and US$31,400 since the past few days. This suggests both bulls and bears are active in the market and that bulls are continuing to defend the level aggressively,» Edul added.

The upcoming Bitcoin (BTC) halving is set to blow fresh wind in the sails of Bitcoin-focused stocks such as Michael Saylor founded tech firm MicroStrategy.

The weighted average cost of purchased Bitcoin recently reached a level signifying that all investors who have consistently dollar-cost averaged into the leading cryptocurrency are now in the black, regardless of how long they have been holding.

Bitcoin (BTC) is in line to hit $50,000 this year and crack all-time highs in 2024, says Standard Chartered.

Bitcoin (BTC) begins a new week barely clinging to $30,000 as a “bearish divergence” sets the tone.

The world's largest cryptocurrency has recently found support due to plans by fund managers, including BlackRock — the world's largest asset manager — to launch a U.S.-listed spot bitcoin exchange-traded fund(ETF). Nasdaq refiled its application to list BlackRocks's ETF according to a filing made public on Monday after the U.S.

Nonfarm payrolls rose by 209,000 in June, below economists’ expectations of an addition of 240,000 jobs. Although the figures show a cooling labor market, market observers remained concerned as the average hourly earnings growth held steady at 0.4% from May and 4.4% from a year ago. 

Bitcoin (BTC) will suck in “all prosperity gains” in future and leave behind those who have no exposure as a result, a new prediction says.

Bitcoin (BTC) price gave back some of its recent gains this week, but multiple data points suggest that $30,000 should hold as support going forward.

Bitcoin (BTC) will be the currency of artificial intelligence (AI) and could reach a price per coin of $760,000 in the process, Arthur Hayes says.

Bitcoin (BTC) teased more rangebound moves on July 7 as traders recovered from a day of volatility.

Bitcoin mining companies outperformed BTC price by a huge margin amid the recent bullish price action in the top cryptocurrency.

The start of June saw negative price action across the cryptocurrency market after the U.S. Securities and Exchange Commission brought fresh lawsuits against the world’s largest exchanges, Binance and Coinbase.

Bitcoin (BTC) continued snap volatility after the July 6 Wall Street open as yearly highs gave way to a comedown.

Bitcoin (BTC) reached new 2023 highs on July 6 as a fresh bounce off key support buoyed bulls.

cryptocurrency markets were majorly trading in the red on Wednesday ahead of the FOMC meeting minutes. Bitcoin (BTC) fell 0.61% to $30,800, whereas Ethereum (ETH) was below the $1,950 level. BTC volume stood at approximately $10.9 billion, falling 32% in the last 24 hours. «Bitcoin, after surpassing the US$31,000 mark yesterday, is currently consolidating around the US$30,800 level as investors eagerly anticipate the release of the FOMC minutes today,» Edul Patel, Co-founder, and CEO at Mudrex, said. «Presently, neither the bulls nor the bears have a clear upper hand as Bitcoin trades within the middle range between the support and resistance levels. If the price closes above the US$31,000 zone in the coming days, there is a possibility of Bitcoin climbing above the US$32,000 mark in the near future,» Edul added.

Bitcoin consolidated at $30,000 throughout the past week. It currently remains near the strong resistance level of $31,000, with neither bulls or bears taking control in the larger time frame. To gain momentum, buyers must restore the rate to the $31,200 zone, potentially leading to a breakout above the $31,458 resistance level. This indicates that the bulls are not rushing to secure profits, as they expect further upward movement. Bulls have shown increased interest in Bitcoin recently, driven by the positive investor sentiment, which has been fueled by notable financial institutions such as BlockRock, Fidelity, Invesco, and WisdomTree filing for Bitcoin ETFs. However, the US Securities and Exchange Commission (SEC) said these filings were inadequate last Friday, citing a lack of clarity and the need for additional information before reconsidering approval. Despite this news, BTC has maintained a positive stance well above the $30,000 level. BTC's support level currently stands at $29,500. This week will feature significant economic events in the US, including the release of the FOMC minutes for June on Wednesday, the job openings report on Thursday, and new employment numbers on Friday, which may introduce some market volatility. Meanwhile, Ethereum is trading in close proximity to the $2,000 level. Its price has gained momentum above $1,920, with immediate resistance found near $1,960 and then $2,000. Failing to surpass these resistance levels could initiate a downward correction. The current support level for Ethereum rests at $1,930.

Binance CEO Changpeng Zhao has delivered his prediction for the next Bitcoin (BTC) bull market.

There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the Dollar Strength Index (DXY), the impact on Bitcoin (BTC) is positive, and vice versa.

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses the latest change to the BlackRock spot Bitcoin exchange-traded fund (ETF) filing, which adds Coinbase as a “surveillance-sharing partner.“ Some analysts have signaled that the filings by BlackRock, Fidelity and others are responsible for the recent Bitcoin (BTC) rally toward $31,000, but according to Pechman, they’re only partially correct because it doesn’t indicate the United States Securities and Exchange Commission (SEC) will accept any of the ETF filings.

Bitcoin (BTC) headed lower into the July 5 Wall Street open as a risk-off mood entered United States equities.