Bitcoin Price Financial News

Bitcoin (BTC) cooled the volatility into the June 8 Wall Street open as market participants waited for signals

cryptocurrency markets were trading higher on Wednesday. Bitcoin (BTC) surged 5% to $26,936, whereas Ethereum (ETH) was above the $1,850 level. BTC volume stood at approximately $23.77 billion, rising 17% in the last 24 hours. «Crypto markets have showcased resilience by trading in the green over the last 24 hours. The crypto fear and greed index has also regained its position in the neutral zone by climbing 9 points since yesterday. This could be attributed to a strong resilience shown by the industry, despite the SEC serving a lawsuit to Coinbase, similar to Binance from the day before,» said Shubham Hudda, Senior Manager at CoinSwitch Markets Desk. Other top crypto tokens were also trading higher on Wednesday. Dogecoin and Litecoin rose by over 4%. Meanwhile, BNB, XRP, Solana and Polkadot also traded with gains. The global cryptocurrency market cap was trading lower around $1.13 trillion, rising 3.14% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $522 billion. Bitcoin’s dominance is currently 46.38%, an increase of 0.61% over the day, according to CoinMarketCap.

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange.

Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows.

Bitcoin (BTC) swiftly erased its month-to-date losses into June 7 as volatility returned to ultimately favor the bulls. 

cryptocurrency markets were trading higher on Friday ahead of US unemployment and non-farm payroll data. Bitcoin (BTC) rose 1.03% to $27,099, whereas Ethereum (ETH) was just below the $1,900 level. BTC volume stood at approximately $14.58 billion, falling 3.55% in the last 24 hours. «Bitcoin traded close to the US$27,000 level as the market awaits the release of the US non-farm payroll data today. The immediate support level for BTC is now at US$26,500, while resistance is at US$27,200,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Litecoin and Tron surged by over 2%. Meanwhile, BNB, XRP, Cardano, Polygon and Polkadot also traded with gains. The global cryptocurrency market cap was trading higher around $1.14 trillion, rising 1.17% in the last 24 hours.

cryptocurrency markets were trading in the red on Tuesday after the U.S. Securities and Exchange Commission (SEC) filed suit against Binance, accusing the exchange giant of violating securities laws. Bitcoin (BTC) declined 4% to $25,764, whereas Ethereum (ETH) was below the $1,850 level. BTC volume stood at approximately $20.32 billion, rising 76% in the last 24 hours. «The latest development between Binance and SEC has spooked the global crypto market resulting in a bloodbath across digital assets. The market will respond sharply as the Binance-SEC saga unfolds; we should brace ourselves for a choppy market in the coming weeks. Regulatory clarity is the need of the hour for the global crypto ecosystem,» Shivam Thakral, CEO of BuyUcoin, said. The world's biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the US Securities and Exchange Commission (SEC), which alleged in a June 5 court filing that the firm operated a «web of deception» that included artificially inflating its trading volumes and commingling customer funds.

The Crypto Fear and Greed Index — a tool that measures broader market sentiment towards Bitcoin and the broader crypto market — has dipped to a level of “fear” not witnessed since March 11 this year, when Circle’s USD coin (USDC) briefly lost its dollar-peg. 

Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators.

Bitcoin (BTC) fell to multi-day lows at the June 5 Wall Street open as action heated up on exchanges.

Bitcoin (BTC) circled $25,800 on June 6 as the aftermath of fresh panic over largest exchange Binance lingered.

Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance on allegations of violating federal securities laws. Even though the $25,500 support held for Bitcoin, investors are still digesting the potential impacts of the regulatory action, which also involves Binance CEO Changpeng “CZ” Zhao.

cryptocurrency markets were majorly trading mixed on Monday. Bitcoin, Ethereum, and BNB were trading with cuts, while XRP, Solana, and Tron were trading with gains. Bitcoin (BTC) fell 1.20% to $26,797, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $11.57 billion, falling 39.42% in the last 24 hours. «Crypto markets have continued to be tightly range-bound as overall market capitalization remained just below $1.2 trillion over the weekend, without any change in the last 24 hours. Investors are currently displaying a lack of initiation for trend control. It is because of this that we can expect the market to perform sideways till a prominent narrative picks up,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. The total volume in DeFi is currently $2.29 billion, 8.67% of the total crypto market 24-hour volume. The volume of all stablecoins is now $24.44 billion, which is 92.65% of the total crypto market 24-hour volume.

The United States equities markets welcomed the debt ceiling deal and the May nonfarm payrolls data on June 2 with strong rallies. The S&P 500 rose 1.8% during the week while the tech-heavy Nasdaq was up 2%. This was the sixth successive week of gains for the Nasdaq, the first such occasion since January 2020.

Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others.

Bitcoin (BTC) starts the second week of June in familiar territory, but a breakout is coming, investors say.

Bitcoin “consolidation” could end by July, new research predicts as optimism over a BTC price breakout returns.

cryptocurrency markets were majorly trading lower in Thursday's trade amid concerns over the US debt ceiling. Bitcoin (BTC) declined 1.40% to $26,790, whereas Ethereum (ETH) was just above the $1,850 level. BTC volume stood at approximately $15.19 billion, falling 2.45% in the last 24 hours. «Bitcoin was under some selling pressure as the debt ceiling bill goes to the Senate for voting while rapidly changing economic conditions are pushing the investors away from riskier assets. The crypto market is expected to remain choppy in the coming weeks as the world is closely watching the decision on the US debt ceiling bill,» Shivam Thakral, CEO of BuyUcoin, said. The total volume in DeFi is currently at $2.57 billion, 8.06% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.54 billion, which is 92.78% of the total crypto market 24-hour volume.

Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force.

cryptocurrency markets were trading in the red in Wednesday's trade. Bitcoin (BTC) fell 2.44% to $27,154, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $15.30 billion, rising 20.54% in the last 24 hours. «On Tuesday, Bitcoin reached the $28,000 mark but has since experienced a minor decline as investors kept an eye on developments regarding the debt ceiling deal. They also awaited a crucial House vote on the debt limit deal, which is scheduled for today,» Edul Patel, Co-founder and CEO at Mudrex said. «The price of BTC began a corrective downward movement after failing to surpass the resistance zone at $28,500. Presently, the immediate resistance on the upside lies around the $27,850 level, while support is found at $27,500,» Edul added. The total volume in DeFi is currently $2.62 billion, 7.68% of the total crypto market 24-hour volume. The volume of all stablecoins is now $31.64 billion, which is 92.6% of the total crypto market 24-hour volume.

As the summer season arrives, an unexpected heatwave is gripping financial markets