Bitcoin Price Financial News

Bitcoin (BTC) hit its highest in almost a week on Feb. 15 as "extremely positive" economic data boosted risk asset sentiment.

Bitcoin (BTC) is headed to either $28,000 or $19,000 and this week could decide all, fresh analysis says.

cryptocurrency market was trading in the red on Tuesday. Bitcoin (BTC) fell 0.47% to $21,745, whereas Ethereum (ETH) was below the $1,500 level. BTC volume in the last 24 hours stood at approximately $22.24 billion, rising 14.9% in the last 24 hours. «The crypto market is feeling the pressure of regulatory concerns in the US as BTC continues to trade below the $22,000 mark while Ether slipped below the $1500 mark. Most of the digital assets are in the red as investors are parking their funds in less volatile assets for better times. The latest regulatory developments in the US will strengthen Asia’s position as a global hub for the digital asset industry,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading lower on Tuesday. BNB fell 6.6% while Dogecoin, Polygon, Shiba Inu and XRP were also trading with cuts. The volume of all stablecoins is now $56.69 billion, which is 102.11% of the total crypto market 24-hour volume.

The price of Ether (ETH) declined 10.2% between Jan. 8 and Jan. 10, and has since been range trading near the $1,500 level. More importantly, on a broader time frame, Ether is down 52.5% in twelve months, which partially explains why derivatives metrics were somewhat neutral after Ether’s failed attempt to break $1,700 on Feb. 8.

Cointelegraph’s Crypto Trading Secrets podcast has released its fifth episode, featuring Filbfilb, a cryptocurrency analyst and trader popular on Crypto Twitter. The crypto space has seen several bull and bear markets since the industry began with the launch of Bitcoin (BTC) in 2009. Each overarching crypto bull and bear market has primarily hinged on the price action and market cycles of Bitcoin, which makes sense, given that BTC is the largest, most established crypto asset. Filbfilb thinks the crypto industry may have another sizable bull market left, according to his interview with host Benjamin Pirus, recorded on Jan. 26.

Bitcoin (BTC) ticked above $22,000 after the Feb. 14 Wall Street open as crucial United States inflation data delivered “mixed” results.

Bitcoin’s average block size has hit all-time highs above 2.5MB for the first time since its inception in 2009, driven by the launch of nonfungible tokens (NFTs) protocol Ordinals in January 2023.

Bitcoin (BTC) saw ongoing rejection below $22,000 into Feb. 14 as markets braced for macroeconomic data impact.

Bitcoin (BTC) miners have earned nearly $600,000 in two months from a new controversial NFT protocol called Ordinals that has triggered a surge in user activity.

cryptocurrency market was trading mixed on Monday. Ethereum, XRP, Cardano and Polygon were trading with cuts, while Bitcoin, BNB, Dogecoin and Tron were trading with gains. Bitcoin (BTC) rose 0.10% to $21,840, whereas Ethereum (ETH) was below the $1,550 level. BTC volume in the last 24 hours stood at approximately $19.34 billion, rising 27.24% in the last 24 hours. The market cap of BTC was around $421.47 billion, with a dominance of about 41.52%, according to CoinMarketCap. «Bitcoin traded below the US$22,000 level over the weekend after the U.S-based Kraken exchange halting its staking service and paying a penalty of US$30 million to the SEC for not registering the service. Currently, BTC appears bearish and is trading close to its support level of US$21,770. If the situation persists, it is possible for BTC to continue declining towards US$21,500 by the end of the week,» Edul Patel, Co-founder and CEO at Mudrex, said.

cryptocurrency market was trading lower on Tuesday, ahead of the Union Budget 2023 and the Fed decision on interest rates tomorrow. Bitcoin (BTC) fell 4% to $22,788, whereas Ethereum (ETH) was below the $1,600 level. BTC volume in the last 24 hours stood at approximately $26.77 billion, rising 4.12% in the last 24 hours. «Bitcoin, Ethereum, and most cryptocurrencies fell in the past 24 hours ahead of the first US Fed meeting of 2023, which is to be held on Wednesday. Bitcoin was below the $23,000 mark, dropping by 4%. Ethereum also fell below the $1,600 level, down by 3%. The support for BTC now lies at the $22,700 level, while the resistance is at $23,000,» Edul Patel, CEO and Co-Founder of Mudrex, said. «However, on the other hand, Dogecoin gained by 5% after Elon Musk wanted the Twitter payments system to accommodate crypto. Volatility may persist ahead of the Fed meeting and the Indian Union Budget release,» Edul added.

cryptocurrency market was trading mixed on Friday. Bitcoin, Ethereum, BNB and Polygon were trading with cuts, while Polkadot, Shiba Inu and Tron witnessed gains. Bitcoin (BTC) fell 1.35% to $23,546, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $29.49 billion, falling 2.03% in the last 24 hours. «Bitcoin jumped above the $24,000 level in the past 24 hours as markets continued to react to the latest Federal Reserve's policy. BTC briefly hit this level for the first time since August but quickly dropped back to $23,500 due to volatility. Ethereum also rose, with prices nearly reaching $1,700, its highest since September. The immediate resistance for Ethereum is near $1,700, with the next major resistance at $1,720. If it doesn't clear the $1,700 resistance, a correction may occur,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading lower around $1.08 trillion, falling 1.16% in the last 24 hours.

cryptocurrency market was trading in the red on Monday. Bitcoin (BTC) fell 2.7% to $22,753, whereas Ethereum (ETH) was just below the $1,650 level. BTC volume in the last 24 hours stood at approximately $20.29 billion, rising 30.19% in the last 24 hours. «BTC slipped below the $23,000 level but stabilized on Sunday while Ether is exchanging hands at the $1627 level. The investors are still in a wait-and-watch mode as they are looking forward to the Fed chief’s comments this week. Fed chief has indicated that the war against inflation is not over and aggressive policy action is expected to continue,» Shivam Thakral, CEO of BuyUcoin said. The global cryptocurrency market cap was trading lower around $1.06 trillion, falling 2.39% in the last 24 hours. The total volume in DeFi is currently $5.31 billion, 10.86% of the total crypto market 24-hour volume. The volume of all stablecoins is now $42.41 billion, which is 86.72% of the total crypto market 24-hour volume.

Bitcoin (BTC) drifted toward major liquidity around the Feb. 13 Wall Street open as the dust settled on United States regulatory news.

BTC volume in the last 24 hours rose 6.97% to $30.86 billion. Its market cap was around $421.65 billion, with a dominance of about 41.46%, according to CoinMarketCap. «The crypto market cap slipped by almost 3% after fresh regulatory concerns spooked investors across the globe. The latest developments at Kraken and SEC had an immediate impact on the digital assets as BTC dropped below the $22,000 level and Ethereum lost its key support level at $1,600,» Shivam Thakral, CEO of BuyUcoin, said. Top crypto tokens traded lower. Solana fell 8%. Shiba Inu, Polkadot, Dogecoin and Cardano were also trading with cuts.

BTC volume in the last 24 hours stood at approximately $24.05 billion, rising 16.78% in the last 24 hours. «In the past 24 hours, Bitcoin has been fluctuating between $22,800 and $23,000. Despite a small dip, the token remained within its recent trading range and close to its new year high. BTC has risen by a good amount this year due to investor confidence. However, a surprisingly strong employment report on Friday has caused some concern among market participants,» said Edul Patel, CEO and Co-Founder of Mudrex. The global cryptocurrency m-cap was trading around $1.07 trillion, rising 0.8% in the last 24 hours.

Bitcoin has resumed one of its old habits: it’s back to posting big moves on weekends, a phenomenon that’s become an intriguing characteristic of the cryptocurrency market. Take last Sunday, when it gained 3.4%, a similar amount to what it notched the Saturday on the weekend prior. And the Saturday before that, the coin advanced 5.5%. That Bitcoin posts large moves is nothing new. But the token, like all other cryptocurrencies, trades around the clock, every day of the week, counter to most other assets, which tend to trade Monday through Friday on regulated exchanges. And it’s been seen in crypto markets in the past, with Bitcoin shooting higher — or posting big down days — while other assets are taking a rest from work. The most compelling theory on the strong weekend moves might be that liquidity is thinner, meaning that price swings on large orders can be more pronounced, says Noelle Acheson, author of the “Crypto Is Macro Now” newsletter. Liquidity has been thinner for Bitcoin recently, with traders and investors staying on the sidelines and hodlers hodling, she says. “Since the beginning of the year, volatility has picked up — still not at ‘normal’ levels, but getting there,” Acheson said. “This should herald the return of the weekend phenomenon, with lower weekend liquidity leading to stronger moves as traders and investors tentatively come back into the market.”

Bitcoin (BTC) starts a new week just under $22,000 as bulls fail to reclaim lost ground in February.

Blockstream CEO Adam Back believes the price of Bitcoin (BTC) could reach $10 million by the end of the sixth halvening in 2032, as long as Bitcoin layer-2 technology and wallet infrastructure improves.

Bitcoin (BTC) price is trying to recover over the weekend but the current bounce lacks conviction. This suggests that dip buyers are nervous to load up before the release of January’s consumer price index data on Feb. 14 as that could boost short-term volatility. 

Bitcoin (BTC) edged closer to $22,000 over the weekend as traders and analysts urged caution on overly bearish sentiment.