Bitcoin Price Financial News

There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador and the Central African Republic (CAR), which have already done so — declare Bitcoin (BTC) an official national currency?

Bitcoin (BTC) starts a new week with consolidation in the air amid some of the least volatile conditions ever.

The United States equities markets made a strong recovery this week but Bitcoin (BTC) failed to follow suit. This means that cryptocurrency investors stayed away and could be worried by the ongoing problems at Silvergate bank. These fears could be what is behind the total crypto market capitalization dropping to nearly $1 trillion.

Bitcoin (BTC) stayed near key support on March 5 as the weekly candle close brought fresh fears of a breakdown.

Bitcoin (BTC) stayed lower into the weekend as ongoing problems at Silvergate bank pressured markets.

cryptocurrency markets were trading in the red on Friday, with a decline of 4% in the global crypto market cap. Bitcoin (BTC) fell 4.5% to $22,386, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $26.01 billion, rising 12.56% in the last 24 hours. «In the past 24 hours, Bitcoin, Ethereum, and other cryptocurrencies dropped in value due to the release of US manufacturing data and uncertainties concerning access to banking services for crypto companies in the US. Furthermore, the fallout of Silvergate has also played a role in the decline. Bitcoin is at its lowest point in about two weeks and is trading below $23,000 at $22,300,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top tokens were also trading lower on Friday. Litecoin declined by 8%. Dogecoin, Solana, Cardano, and BNB were also trading with cuts. The global cryptocurrency m-cap was trading lower around $1.03 trillion, falling 4.01% in the last 24 hours. The total volume in DeFi is currently 5.39 billion, 9.78% of the total crypto market 24-hour volume. The volume of all stablecoins is now $50.24 billion, which is 91.11% of the total crypto market 24-hour volume.

Bitcoin (BTC) traded around $22,400 at the March 3 Wall Street open as analysts stayed divided over the odds of a recovery.

Bitcoin (BTC) investors reeling from the shock of recent cryptocurrency company failures and banking issues may face another potential problem: a recovering U.S. dollar.

cryptocurrency markets were trading in the red on Thursday. Bitcoin (BTC) fell 1.03% to $23,551, while Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $23.49 billion, rising 4% in the last 24 hours. «Bitcoin dropped toward US$24,000 early Wednesday following the U.S Consumer Confidence data. However, it again rebounded to the US$23,500 level. BTC has increased by more than 1% in the past 24 hours. But BTC still seems to be a little weak and will need to recover to make a sharp move in the coming days,» Edul Patel, Co-founder and CEO at Mudrex, said. The immediate support of ETH is at the US$1,600 and US$1,550 levels, while the resistance holds at the US$1,670 level, Edul added. Other top crypto tokens were also trading lower. Shiba Inu declined by 2.3%. Solana, Polkadot, Cardano and BNB were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.73% in the last 24 hours.

cryptocurrency markets were trading mixed on Wednesday. Bitcoin, Ethereum and XRP were trading with gains, while BNB, Shiba Inu and Cardano were trading with cuts. Bitcoin (BTC) rose 0.17% to $23,471, while Ethereum (ETH) was above the $1,600 level. BTC volume stood at approximately $21.84 billion, falling 1.92% in the last 24 hours. «As the cryptocurrency market continues to face downward pressure, Ethereum has shown potential for an upward move, with technical indicators suggesting that a sustained uptrend is likely. However, Bitcoin struggled to gain momentum, hovering around the $23,500 level as investors seek safer investments amid growing macroeconomic uncertainty,» Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.06% in the last 24 hours.

The price of Bitcoin (BTC) has fallen over 5% from $23,500 to $22,240 in just over 60 minutes, amid a wave of uncertainty concerning crypto-friendly bank Silvergate Capital. 

In this week’s episode of Market Talks, Cointelegraph welcomes Adrian Zduńczyk, or as he is known on Twitter, CryptoBirb. He is the founder and CEO of The Birb Nest, a trading community platform. He is also a chartered market technician, chemical engineer, entrepreneur, mentor and influencer with over 655,000 followers on Twitter.

Bitcoin (BTC) erased early-month gains on March 2 as fresh market uncertainty erupted over solvency of crypto bank Silvergate.

Bitcoin (BTC) is up 42% since the start of 2023, but short term, the outlook may now favor the bears.

Bitcoin (BTC) bulls laid most of their options at $24,500 and higher for the March 3 options expiry, and given the recent bullishness seen from BTC, who can blame them? On Feb. 21, Bitcoin’s price briefly traded above $25,200, reflecting an 18% gain in eight days. Unfortunately, regulatory pressure on the crypto sector increased, and despite no effective measures being announced, investors are still wary and reactive to remarks from policymakers.

Bitcoin (BTC) moved just 0.03% last month in U.S. dollar terms, making February 2023 likely its least volatile in history. 

Bitcoin (BTC) millionaires are made when the BTC price crosses $20,000, data reveals.

cryptocurrency markets were trading lower on Tuesday. Bitcoin (BTC) fell 0.31% to $23,435, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $22.28 billion, rising 29.46% in the last 24 hours. «On Monday, most cryptocurrencies declined after the release of the US Durable Goods Orders data for January. The data showed a 4.5% drop, causing concern among investors and traders about the possibility of inflation and interest rate hikes, despite strong economic data for the same period,» Edul Patel, Co-founder and CEO of Mudrex, said. Other top crypto tokens were also trading lower on Tuesday. Polygon declined by 3.5%. Solana, Polkadot, Shiba Inu, and Litecoin were also trading lower. The global cryptocurrency market cap was trading lower around $1.07 trillion, falling 0.45% in the last 24 hours. The total volume in DeFi is currently 5.06 billion, 11.17% of the total crypto market 24-hour volume. The volume of all stablecoins is now $40.53 billion, which is 89.48% of the total crypto market 24-hour volume.

The recent weakness in the crypto market has not invalidated the six-week-long ascending trend, even after a failed test of the channel's upper band on Feb. 21. The total crypto market capitalization remains above the psychological $1 trillion mark and, more importantly, cautiously optimistic after a new round of negative remarks from regulators.

Cointelegraph’s Crypto Trading Secrets podcast has published Episode 6, covering an array of content that should pique the interest of cryptocurrency traders. This episode’s guest is Brian Krogsgard, also known as Ledgerstatus on Twitter. Krogsgard is a trader and one of the co-founders of Flip.xyz, a nonfungible token (NFT) platform. He is also a podcaster in the crypto space. 

Bitcoin (BTC) faced a showdown with a key trend line on Feb. 28 as the monthly close finally arrived.