Bitcoin Price Financial News

Bitcoin (BTC) bulls face a tough task to bring BTC price action past $35,000, fresh analysis predicts.

Recent weeks have seen a surge in interest from traditional finance for crypto-based exchange-traded funds (ETFs). After the Securities and Exchange Commission took issue with its initial filing, BlackRock submitted a fresh application for a Bitcoin ETF on July 3. A week earlier, Fidelity led a crop of investment firms in lodging applications with the SEC for Bitcoin-based ETFs. Meanwhile, HSBC has become the first bank to offer Bitcoin (BTC) and Ether (ETH) ETFs to customers in Hong Kong.

Bitcoin (BTC) bulls fought for $31,000 on July 4 as a United States market closure offered the chance for volatility.

cryptocurrency markets were majorly trading higher in Monday's trade. Bitcoin (BTC) rose 0.65% to $30,688, whereas Ethereum (ETH) was above the $1,900 level. BTC volume stood at approximately $10.92 billion, rising 26.43% in the last 24 hours. «Bitcoin began the new week trading above the US$30,700 mark but struggled to surpass the US$31,000 level, indicating a lack of urgency among bulls to secure profits at this time,» Edul Patel, Co-founder, and CEO at Mudrex, said. «The price has remained relatively stagnant between US$31,431 and US$29,500 for a while now. If BTC manages to break through the US$31,000 threshold, there is potential for an upward trend; otherwise, support is currently situated at US$29,500,» Edul added.

Bitcoin (BTC) lingered below $31,000 at the July 3 Wall Street open with bulls still in need of a catalyst.

Bitcoin (BTC) starts the first week of July with a sigh of relief for traders as $30,000 support holds. 

Bitcoin (BTC) has been trading in a narrow range for the past few days but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows.

Bitcoin (BTC) gained 12% in June, but one forecast sees the good times soon fading for bulls.

cryptocurrency markets were trading higher in Friday's trade amid robust economic data from the US, which eased fears of a slowdown, and amid news that Fidelity Investments has refiled for spot Bitcoin ETF. Bitcoin (BTC) surged 1% to $30,657, whereas Ethereum (ETH) was above the $1,850 level. BTC volume stood at approximately $17.3 billion, rising 28.5% in the last 24 hours. «Bitcoin traded over the US$30,600 level gaining nearly 2% in the past 24 hours as the market reacted to Fidelity Investments refiles for spot Bitcoin ETF. Market sentiment was also influenced by the news of Microstrategy buying an additional $374 million worth of Bitcoin,» Edul Patel, Co-founder and CEO at Mudrex, said. BTC's immediate resistance is at the US$30,750 level, and support is at the US$30,420 level, Edul added.

Bitcoin (BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs).

Traditional financial firms finally believe that digital assets are here to stay. Or so one might conclude from the slew of announcements last week from some of the world’s premiere financial players.

Bitcoin (BTC) spiked through $31,000 on June 30 as a near $6 billion open interest expiry loomed.

cryptocurrency markets were trading mixed in Wednesday's trade. Bitcoin, XRP, and Polkadot were trading with gains, while BNB, Polygon, and Solana were trading with cuts. Bitcoin (BTC) rose 0.02% to $30,405, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $16.68 billion, rising 9% in the last 24 hours. «Most cryptocurrencies traded flat with minimal fluctuations, fueled by the positive sentiment surrounding the possibility of a Bitcoin ETF and encouraging economic indicators from the US Bitcoin, in particular, maintained its position above the US$30,000 threshold for the fifth consecutive day,» Edul Patel, Co-founder, and CEO at Mudrex, said. «The bears seem to be active near the US$31,000 zone. BTC currently faces immediate resistance at the US$30,680 and US$30,950 levels, while the support level rests at US$30,000,» Edul added.

Bitcoin (BTC) aborted a fresh attempt to reach $31,000 on June 29 while traders waited for bulls to succeed.

Bitcoin (BTC) short-term holders are feeling the need to sell BTC at $30,000, data shows.

In the latest episode of The Market Report, analyst and writer Marcel Pechman analyzes some data to conclude whether Bitcoin (BTC) will ever trade at $27,000. Some analysts attribute Bitcoin’s recent 21.5% gains to BlackRock’s spot Bitcoin exchange-traded fund (ETF) filing, but other events might have also fueled the cryptocurrency gains.

Bitcoin (BTC) staged another retest of $30,000 support on June 28 as the United States Federal Reserve stayed hawkish on inflation.

cryptocurrency markets were majorly trading in the red on Monday. Bitcoin (BTC) fell 2% to $30,221, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $13.19 billion, rising 5.23% in the last 24 hours. «Bitcoin soared to a one-year high, surpassing the US$31,000 mark on Friday. However, it has since entered a consolidation phase, stabilizing around the US$30,000 level within the past 24 hours,» Edul Patel, Co-founder, and CEO at Mudrex, said. «With a notable increase of over 14% in the last seven days, Bitcoin has garnered positive investor sentiment. The key challenge for Bitcoin is to maintain its position above the crucial US$30,000 level, which could potentially trigger further upward movement. BTC's support level is currently set at US$29,500,» Edul added. Other top crypto tokens were also trading in the red. Cardano, Litecoin, and Polygon declined over 3% each. The global cryptocurrency market cap was trading lower, around $1.18 trillion, falling 2% in the last 24 hours.

cryptocurrency markets were trading mixed in Tuesday's trade. Bitcoin, Tron, BNB, and Litecoin were trading with gains, while Ethereum, XRP, Dogecoin, and Cardano were trading with cuts. Bitcoin (BTC) rose 0.32% to $30,360, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $15.25 billion, rising 14.39% in the last 24 hours. «Bitcoin continues to show strength above $30,000 with its market dominance above 50%. It is likely to consolidate around this level in the upcoming week. If it can break the $32,400 resistance in the upcoming days, a strong rally towards $35,000 levels is possible,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. The global cryptocurrency market cap was trading around $1.18 trillion, rising 0.27% in the last 24 hours.

While an approved BlackRock spot Bitcoin (BTC) exchange-traded fund (ETF) will funnel new institutional money to Bitcoin, it's going to be the retail investors that ultimately drive any significant price surges, according to Michael Shaulov, the CEO and co-founder of institutional custody platform Fireblocks.

Cointelegraph’s Crypto Trading Secrets podcast has published its 10th episode, featuring an interview with trader Michaël van de Poppe, who caters to an audience of more than 650,000 on Twitter under the handle @CryptoMichNL. During the June 14 interview recording, host Benjamin Pirus discussed several topics with van de Poppe, such as his opinions on what might drive Bitcoin’s (BTC) price over the rest of 2023. His answer, in part, references United States regulations.