Bitcoin Price Financial News

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman explains what’s behind Bitcoin (BTC) reaching 50% crypto market dominance for the first time in two years amid Blackrock’s spot exchange-traded fund (ETF) filing, and the United States Securities and Exchange Commission’s crackdown on altcoins.

The government of China has tried hard to make people believe that Bitcoin (BTC) would become worthless, but its predictions to date have been far off the mark. The original cryptocurrency has gained around 36% since the Chinese government stated it would become worthless in 2022.

Bitcoin (BTC) hit $29,000 on June 21 as largescale buying fueled a fresh sentiment boost.

cryptocurrency markets were trading mixed in Tuesday's trade. Bitcoin, Solana, and Polygon were trading with gains, while BNB, XRP, and Cardano were trading with cuts. Bitcoin (BTC) rose 1% to $26,796, whereas Ethereum (ETH) was above the $1,700 level. BTC volume stood at approximately $14.7 billion, rising nearly 57% in the last 24 hours. «Bitcoin’s price consolidated above the US$26,600 level in the past 24 hours. BTC even spiked above the US$27,000 forming a high near the US$27,184 and the price is now correcting gains. However, there is a back of bullish momentum and currently, BTC is trading at the US$26,900 level,» Edul Patel, Co-founder and CEO at Mudrex, said. BTC’s current resistance now lies at the US$27,200 and support at the US$26,700 level, Edul added.

cryptocurrency markets were trading mixed in Monday's trade. Bitcoin, Ethereum, and BNB traded with cuts, while XRP, Dogecoin, and Shiba Inu traded with gains. Bitcoin (BTC) fell 0.43% to $26,431, whereas Ethereum (ETH) was above the $1,700 level. BTC volume stood at approximately $9.3 billion, falling 1.91% in the last 24 hours. «Crypto markets traded in a tight range over the weekend, and in the last 24 hours. The crypto fear and index continues to stand below 50 for the last 10 days; currently at 47, down 2 points from yesterday. The fact that market capitalization and BTC prices remain above $1.1 trillion and $25k, respectively, hints towards slight resilience building amongst investors after last week,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. The global cryptocurrency market cap was trading around $1.07 trillion, falling 0.35% in the last 24 hours.

At least two investment firms have made new filings for spot Bitcoin exchange-traded funds (ETF) following investment colossus BlackRock’s move to lodge a similar application for its own spot Bitcoin ETF on June 15. 

Bitcoin (BTC) achieved new highs for the month after the June 20 Wall Street open as observers stayed cautious on market strength.

Bitcoin (BTC) has dropped nearly 15% from its yearly high of around $31,000, with the recent regulatory crackdowns on Coinbase and Binance crypto exchanges and the Federal Reserve's hawkish forward guidance accelerating its selloff.

Bitcoin (BTC) faces up to one-and-a-half years of “boredom” as the bull market gathers steam, a new prediction says.

Bitcoin (BTC) dominance, the measure of how much Bitcoin makes up of the total crypto market cap, has breached the 50% mark.

Bitcoin (BTC) emerges from a hectic macro week to circle some classic trend lines near $26,000 — what could happen next?

The bears lost an opportunity when they failed to sustain Bitcoin (BTC) below the $25,000 level this week. That may have attracted buying from the bulls who are attempting to start a recovery in Bitcoin and select altcoins. 

Bitcoin (BTC) plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle.

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, Ethereum, and Litecoin were trading with gains, while XRP, Polygon, and Polkadot were trading with cuts. Bitcoin (BTC) rose 2% to $25,472, whereas Ethereum (ETH) was above the $1,650 level. BTC volume stood at approximately $15.42 billion, rising 4% in the last 24 hours. «The crypto market recovered from yesterday’s dip as selling pressure showed signs of cooling down. The rate hike pause announced by the Fed failed to cheer the market as the Fed made it clear that it will not refrain from taking tough steps in the coming months to tackle inflation. We can expect the market to remain choppy if the hawkish stance on monetary policy continues,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading around $1.04 trillion, rising 1.22% in the last 24 hours.

Bitcoin (BTC) headed toward a “crucial area” after the June 16 Wall Street open as a recovery from three-month lows continued.

Bitcoin (BTC) recovered some lost ground on June 16 as markets shook off mixed United States macro signals.

Enforcement actions on cryptocurrency firms by regulators in the United States could result in a Bitcoin (BTC)-focused industry that will push its price over $250,000, according to MicroStrategy co-founder Michael Saylor.

cryptocurrency markets were trading mixed on Wednesday ahead of the Federal Reserve policy meeting which concludes later on in the day. Bitcoin, XRP, and Solana were trading with cuts, while BNB, Polygon, and Shiba Inu were trading with cuts. Bitcoin (BTC) fell 0.88% to $25,881, whereas Ethereum (ETH) was below the $1,750 level. BTC volume stood at approximately $13.02 billion, rising 12.48% in the last 24 hours. «The crypto market remained upbeat as a crypto community is anticipating a breather from continuous rate hikes in today’s FOMC meeting. The crypto market may react sharply to the outcome of the FOMC meeting today as any relaxation in monetary policies will prove beneficial for the financial markets in the long term,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading lower around $1.06 trillion, falling 0.49% in the last 24 hours.

Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets.

cryptocurrency markets were trading in the red on Thursday after the US Federal Reserve left rates unchanged as anticipated but hinted at the possibility of more hikes later this year. Bitcoin (BTC) fell 3.7% to $24,918, whereas Ethereum (ETH) was below the $1,650 level. BTC volume stood at approximately $15.28 billion, rising 17.54% in the last 24 hours. «Bitcoin experienced a drop to $24,990, marking its first time hitting this level since March. This decline came in the midst of a turbulent week, triggered by a hawkish announcement from the Federal Reserve,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower. XRP and Litecoin fell by over 6%. Meanwhile, BNB, Dogecoin, Polygon and Polkadot traded with cuts.

While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise.