Bitcoin Price Financial News

cryptocurrency market cap also surged 4.4% to around $2.67 trillion in the last 24 hours. Bitcoin surged past the $70,000 mark on Tuesday in early trade, surpassing the level for the first time in 10 days and gaining nearly 5% over the past 24 hours. Ethereum was up 4.8% during the same period, while tokens for major layer-1 blockchains Solana and Avalanche jumped nearly 4%.

Robert Kiyosaki, best known for his book “Rich Dad, Poor Dad” has voiced his support for Bitcoin once again. On March 26, he described Bitcoin as “the perfect asset at the right time” but noted that it could also be a scam or a Ponzi scheme.

Bitcoin enthusiasts appear to be shrugging off last week's outflows from US exchange-traded funds, with the largest cryptocurrency briefly climbing back above $70,000 again. Most digital assets were higher Monday, with Bitcoin gaining as much as 5.8% to $70,014. That's the first time the token has been above $70,000 in more than a week. Ether was up around 5%, while Solana and Dogecoin were both more than 4% higher.

cryptocurrency markets rebounded strongly on Monday, with Bitcoin, Ethereum, BNB, and Solana leading the charge in trading gains. At 10:54 a.m., Bitcoin was trading 4.8% higher at $67,404, while Ethereum was up 4.7% at $3,485. The global cryptocurrency market cap also surged 4.9% to around $2.57 trillion in the last 24 hours.

Nilam Resources has signed a letter of intent with Xyberdata to buy $1.70 billion worth of bitcoin amid the ongoing crypto market rally.

Bitcoin has shown resilience, rebounding to the $67,000 mark after the Federal Reserve's decision to maintain key interest rates for the fifth consecutive meeting. However, this upward trajectory was short-lived as Bitcoin promptly retreated to the $65,000 level, spurred by a strengthening US dollar possibly catalyzed by the Swiss Central Bank's decision to reduce interest rates by 25 basis points. Additionally, the outflows on Bitcoin spot ETFs especially from Grayscale’s GBTC rose contributing to the downward trend. Despite these temporary setbacks, Bitcoin has managed to sustain itself above the critical $60,000 threshold, showcasing impressive growth of 26% over the past month and a staggering 133% over the past year. The next support level would be around $64,000, with resistance expected at $67,300. Concurrently, Ethereum hovers around the $3,500 mark, with bullish sentiments aiming to reclaim levels above $3,600, potentially triggering an upward trend.

However, over the last 24 hours, Bitcoin experienced a slight decline, with its latest trading price showing a 0.3% decline to $66,190 as of 10:58 am IST. It also touched an intraday low of $64,580.

cryptocurrency, also saw a jump of 13%, rising to $3,468. Fed Chair Jerome Powell said that recent hot inflation readings had not changed the underlying story of slowly easing price pressures and reiterated the central bank's earlier forecast of soft landing for the world's largest economy.

BitMEX is investigating unusual trading activity that led to a flash crash in Bitcoin on its platform yesterday. The price of Bitcoin against Tether’s USDT stablecoin fell to as low as $8,900 on BitMEX late Monday, while the largest cryptocurrency was trading above $66,000 on rival venues. The price of Bitcoin on the exchange quickly recovered and was trading at $64,284 as of 4:10 p.m Singapore time.

crypto market with a bang. Coins linked to AI-focused crypto projects have jumped alongside tech stocks like Nvidia, driven by insatiable investor appetite for applications like machine-learning.

The global cryptocurrency market cap declined 5.35% to around $2.45 trillion in the last 24 hours.

In an interview with CNBC, Kris Marzsalek, CEO of Crypto.com, characterized the recent downturn in Bitcoin price as a “healthy” market correction.

Bitcoin eased to a one-week low in volatile trade on Friday, as investors took profit from its run to a record high and as another upside surprise on U.S. inflation dimmed prospects of early rate cuts there and dented demand for riskier assets. Bitcoin fell more than 5% in the Asian session to bottom at $66,629.96, before paring some of its losses to last trade 3.5% lower.

cryptocurrency by value. Meanwhile, Ethereum, the second largest crypto token, also plunged over 7% to $3,685. The global cryptocurrency market cap declined 6.15% to around $2.6 trillion in the last 24 hours.

The price of the leading cryptocurrency Bitcoin faced a deep correction from its all-time highs during early Asian hours on Friday. Bitcoin is trading below $68,000, nearly 7.5% down in the last 24 hours. The price correction triggered massive liquidations as the entire network saw over $657 million positions liquidated in the last 24 hrs.

cryptocurrency by value, hit a new record high at $73,700 on Thursday, led by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. It was last 0.7% higher at $70,496 at 12:43 pm IST. Meanwhile, the global cryptocurrency market cap surged 0.9% to reach around $2.75 trillion in the last 24 hours.

Bitcoin price growth could continue, a South Korean crypto analyst has predicted, as “crypto fever” slowly takes hold in the nation.

In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 at 12:57 pm IST.

cryptocurrency won further support on greater trading accessibility and dollar weakness. In the last 24 hours, Bitcoin jumped to an intraday peak of $72,850. It was last 5% higher at $71,986 at 11:26 am IST.

Bernstein analysts are doubling down on their $150,000 Bitcoin (BTC) price bet after their $70,000 price call last month came true.

Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price.