Bitcoin Price Financial News

In today’s The Market Report episode, analyst and writer Marcel Pechman discusses why crypto prices are going down after Bitcoin (BTC) failed to break above $29,000, plus whether or not Jerome Powell is lying about keeping interest rates above 5%, and lastly, what Warren Buffett meant by the “incredible period” coming to an end. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

Bitcoin (BTC) ticked higher around the May 10 Wall Street open as United States inflation data beat expectations.

Bitcoin (BTC) tracked $27,500 on May 10 as markets geared up for what should be a positive United States inflation print.

Bitcoin (BTC) treaded water below $28,000 on May 9 as markets prepared for macroeconomic data releases.

Warren Buffett moving into cash suggests that he's bracing for a possible collapse in risk-on asset prices. With Bitcoin (BTC) up 70% year-to-date and correlated with equities, should BTC investors also prepare for a potential stock market crash? 

cryptocurrency markets were trading in the red on Monday after a better-than-expected April US jobs data. Bitcoin (BTC) fell 2.81% to $28,171, whereas Ethereum (ETH) was below the $1,900 level. BTC volume in the last 24 hours stood at approximately $13.28 billion, falling 11.59% in the last 24 hours. «After the US Job growth remained strong in April, Bitcoin rose to US$29,800 on Saturday. However, Bitcoin and Ethereum fell in the past 24 hours following Binance halting Bitcoin withdrawals for the second time in a day, citing large volumes,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.16 trillion, falling 2.53% in the last 24 hours. The total volume in DeFi is currently 2.82 billion, 8.45% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.28 billion, which is 87.74% of the total crypto market 24-hour volume.

For the past 17 days, Bitcoin (BTC) price has been trading within a narrow 8.5% range from $27,250 to $29,550, causing the 40-day volatility metric to drop below 40%. This wasn't restricted to cryptocurrencies as the S&P500 index's historical volatility has reached 17%, its lowest level since December 2021.

Bitcoin (BTC) starts a new week at the center of new crypto industry drama as the highest fees in two years pressure price action.

cryptocurrency markets were trading flat in Friday's trade. Bitcoin (BTC), Ethereum (ETH) and XRP were trading with gains, while BNB, Dogecoin and Solana were trading with cuts. BTC rose 0.29% to $29,230, while ETH was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $16.57 billion, falling 14.90% in the last 24 hours. «BTC is holding strong above the $29,000 mark while Ether is almost touching the $1900 level. The crypto market is witnessing restricted growth due to high inflation and other macroeconomic factors and the Jobs data on Friday will act as a key stimulant for the market momentum,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading flat at around $1.20 trillion, falling 0.02% in the last 24 hours.

Bitcoin’s (BTC) volatility has shrunk further this week and it is on track to form an inside-bar pattern on the weekly chart. Although the bulls are finding it difficult to clear the overhead hurdle in the $30,000 to $31,000 zone, a positive sign is that they have not ceded ground to the bears.

Bitcoin (BTC) saw fresh volatility on May 6 as low-liquidity weekend trading tested the mettle of its trading range.

Bitcoin (BTC) could be set for historic gains thanks to a simple trend line breakout, a popular trader hopes.

Bitcoin (BTC) eyed a reclaim of further lost ground on May 5 as $30,000 remained in play. 

cryptocurrency markets were trading higher in Thursday's trade after the US Fed raised its benchmark lending rate by 25 bps again to cool inflation. Bitcoin (BTC) rose 2.44% to $29,152, whereas Ethereum (ETH) was above the $1,900 level. BTC volume in the last 24 hours stood at approximately $19.5 billion, rising 20.54% in the last 24 hours. «Following the Federal Reserve's decision to raise interest rates by 25 basis points, Bitcoin is regaining its strength. The Fed indicated that this week's increase could be the last for the time being. At present, Bitcoin is being traded at the US$29,000 level and is gradually approaching its resistance levels of US$29,420 and US$30,000,» Edul Patel, Co-founder and CEO at Mudrex, said. “As the upcoming US employment figures are scheduled to be released on Friday, investors and traders are keeping a watchful eye on them,” Edul added. The global cryptocurrency market cap was trading higher around $1.20 trillion, rising 2% in the last 24 hours.

cryptocurrency markets were trading higher in Wednesday's trade. Bitcoin (BTC) rose 1.96% to $28,526, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $16.17 billion, rising 1.78% in the last 24 hours. “Bitcoin rose nearly 2% in the past 24 hours following the Job Openings and Labor Turnover Survey (JOLTS) data. The data showed that job openings in the US declined to 9.6 million in March, below expectations of 9.775 million and their lowest since April 2021,” Edul Patel, Co-founder and CEO at Mudrex, said. «Additionally, investors and traders may be making early moves in anticipation of the US Federal Reserve's decision on interest rate hikes. Similarly, Ethereum traded at the US$1,850 level and made movements following BTC,» Edul added. The global cryptocurrency market cap was trading higher around $1.17 trillion, rising 1% in the last 24 hours.

Bitcoin (BTC) slid below $29,000 around the May 4 Wall Street open as United States equities showed jitters over the resurgent banking crisis.

cryptocurrency markets were trading in the red on Tuesday ahead of the FOMC meeting on Wednesday. Bitcoin (BTC) fell 2.04% to $28,056, whereas Ethereum (ETH) was below the $1,850 level. BTC volume in the last 24 hours stood at approximately $15.74 billion, falling 13.55% in the last 24 hours. «Bitcoin started the new week trading in the red, as markets prepare for an important week of the U.S economic events. Currently, BTC is being traded at the US$28,000 level, having reached a weekend high of US$29,900. Investors are closely monitoring the Federal Reserve's announcement regarding interest rate hikes on Wednesday,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading higher around $1.16 trillion, rising 1.51% in the last 24 hours. The total volume in DeFi is currently 2.50 billion, 7.18% of the total crypto market 24-hour volume. The volume of all stablecoins is now $32.31 billion, which is 92.87% of the total crypto market 24-hour volume.

Bitcoin (BTC) reclaimed $29,000 overnight into May 4 as the United States banking crisis risked spawning new victims.

The Bitcoin price successfully defended the $28,000 support on May 2, but it has yet to prove the strength needed to reclaim the $29,200 level from April 30.

Bitcoin (BTC) hit daily lows at the May 3 Wall Street open as markets counted down the hours to the Federal Reserve interest rate decision.

Litecoin (LTC) can make some big gains versus Bitcoin (BTC), particularly as the August halving event gets closer, according to Litecoin's creator Charlie Lee.