Bitcoin Price Financial News

Bitcoin (BTC) returned to a key focal point on June 1 as the monthly close delivered disappointment.

Blackrock CEO Laurence Fink believes the recent "drama" around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC).

Bitcoin (BTC) is in a “transition," which should pave the way to the next bull market top, new research has concluded.

cryptocurrency markets were trading mixed on Tuesday. XRP, Solana, and Litecoin were trading with gains, while Bitcoin, Ethereum, and BNB were trading with cuts. Bitcoin (BTC) fell 0.71% to $27,805, whereas Ethereum (ETH) was just above the $1,900 level. BTC volume stood at approximately $12.73 billion, falling 20.53% in the last 24 hours. "Bitcoin price started a decent increase above the US$28,000 resistance zone on Monday. However, it has since declined by over 1% and is trading at the US$27,700 level. An upside break above US$28,000 might send the price toward BTC's next resistance at US$28,500. If BTC's price fails to clear the US$28,000 renaissance, it could continue to move downwards towards US$27,580," Edul Patel, Co-founder and CEO at Mudrex, said. The total volume in DeFi is currently $2.24 billion, 8.05% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.50 billion, which is 91.76% of the total crypto market 24-hour volume.

Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close.

Bitcoin’s (BTC) volatility has dropped toward historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data alludes to incoming volatility in June.

After a long period of unusually low volatility, Bitcoin's next major price move is likely imminent and could drive BTC to $32,000, according to James Check, the lead on-chain analyst at Glassnode. That price level is where Bitcoin’s “true cost basis is sitting,” Check explained in an exclusive interview with Cointelegraph. 

Bitcoin (BTC) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance.

Bitcoin (BTC) traded near $28,000 on May 28, with traders still wary of a full correction of weekend upside.

cryptocurrency markets were trading higher on Monday amid optimism over the US debt ceiling deal. Bitcoin (BTC) rose 2.55% to $27,927, while Ethereum (ETH) was above the $1,900 level. «Most cryptocurrencies traded in green over the weekend after markets reacted to the White House announcing that a deal to avert a debt ceiling crisis has been reached on one side and the release of higher-than-expected latest personal consumption data from the US on the other side,» Edul Patel, Co-founder and CEO at Mudrex, said. «Currently, Bitcoin is seen trading above the US$28,000 level gaining over 3% in the past 24 hours and erasing its weekly losses. If BTC can clear the US$28,500 resistance zone, it might continue higher soon,» Edul added. The total volume in DeFi stood at 2.30 billion, 6.83% of the total crypto market 24-hour volume. The volume of all stablecoins is now $30.6 billion, which is 91.07% of the total crypto market 24-hour volume.

Bitcoin climbed to the highest level in more than two weeks amid a boost to investor sentiment from a deal on raising the US debt limit. The largest digital token added as much 3.2% on Monday and was trading at $28,182 as of 9:32 a.m. in Singapore, oscillating around its 50-day moving average. Smaller tokens ranging from Ether to Binance Coin also posted gains. The debt-ceiling deal between President Joe Biden and House Speaker Kevin McCarthy has helped risk appetite in global markets. But the agreement still has to clear Congress quickly to avert a US default. A recent jump in Treasury yields and bets on more US monetary tightening are other potential headwinds. “This morning’s positive risk sentiment directly relates to the resolution of the debt-ceiling impasse,” said John Toro, head of trading at digital-asset exchange Independent Reserve. “Front-end funding costs remain highly elevated relative to crypto returns, resulting in negative carry for long holders. This will continue to prove a headwind for risk assets and the crypto complex.”

Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.

cryptocurrency markets were majorly trading higher on Friday amid positive weekly unemployment data in the US. Bitcoin (BTC) rose 0.93% to $26,450 whereas Ethereum (ETH) was above the $1,800 level. BTC volume in the last 24 hours stood at approximately $12.66 billion, down 20.62%. «Crypto markets have traded sideways in the last 24 hours. The slight increase could be attributed to positive weekly unemployment data in the US,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Crypto markets seem to be in a holding phase currently wherein investors are awaiting a clear resolution on US’ debt ceiling conversations, Parth added. Other top crypto tokens were also trading higher on Friday. Litecoin surged nearly 2%. Ethereum, Polygon, and XRP were also trading higher.

Former Bitmex CEO Arthur Hayes is expecting to see significant Bitcoin volatility in the latter half of the year, caused by a “powder keg” explosion from the United States banking crisis and soaring national debt. 

Bitcoin (BTC) held its most recent gains into May 27 as traders called for a change in “bearish” market sentiment.

Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.

Bitcoin (BTC) made snap gains at the May 26 Wall Street open as United States macroeconomic data delivered a nasty surprise.

Bitcoin (BTC) has reached a “decision point” for price action, but speculators are in charge, says a new analysis.

cryptocurrency markets were trading in the red on Thursday amid concerns over US debt ceiling talks as a critical deadline nears without an agreement. Bitcoin (BTC) fell 1.88% to $26,241, whereas Ethereum (ETH) was below the $1,800 level. BTC volume in the last 24 hours stood at approximately $16.19 billion, rising 30.23% in the last 24 hours. «Most cryptocurrencies traded in red as investors worried over rising concerns over the U.K. inflation on one side and the U.S. debt ceiling stalemate developments on the other. The release of the most recent FOMC minutes later in the day, showing U.S. central bankers divided on a continuation of interest rate hikes, did little to boost market confidence,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Thursday. Litecoin declined nearly 4%. Cardano, BNB, Polkadot and Shiba Inu were also trading lower. The total volume in DeFi is currently 2.45 billion, 6.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now $33.26 billion, which is 93.22% of the total crypto market 24-hour volume.

bitcoin blockchain. Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak in 2017. Bitcoin's dominance, or its share of the overall $1.16 trillion cryptocurrency market, has swelled to 44% from 38% at the start of the year. What's going on? Enter BRC-20, the first class of crypto tokens to be built on the bitcoin blockchain, besides bitcoin itself. Nearly 25,000 of the experimental coins have already been minted this year, sending transactions through the roof.

On May 23’s episode of The Market Report, analyst and writer Marcel Pechman discusses why Bitcoin (BTC) is stuck near $27,000 and how the macroeconomic scenario has become more critical than ever for an eventual breakout. Plus, the show dissects what United States President Joe Biden has been saying about crypto traders being wealthy tax cheaters.