Bitcoin Price Financial News

"Volatility" is the word of the month and that is exactly what cryptocurrency investors saw today as Bitcoin rallied after concerns over the Biden administration's executive order on crypto turned out to be a 'nothingburger'.

Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed. 

Bitcoin (BTC) hit $42,000 on March 9 as an impressive overnight candle saw bulls reclaim support levels.

Bitcoin (BTC) recovered from one-week lows on March 8 after a lack of progress in Russia-Ukraine talks sent markets tumbling.

Bitcoin inflows across all exchanges have been net negative since last July, but four major exchanges have been running contrary to this trend with nearly an equal amount of net positive inflows.

Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 and news that United States President Joe Biden plans to sign an executive order later this week that will outline the government's strategy for cryptocurrencies was added to the list of factors weighing down crypto prices. 

Inflows into cryptocurrency investment funds rose sharply last week, offering cautious optimism that investors are broadening their exposure to digital assets despite geopolitical uncertainty and monetary tightening from central banks.

February saw a noticeable shift between inflation and U.S. Federal Reserve news, followed by news of a conflict in Eastern Europe that completely overshadowed the earlier concerns of economic health. What’s transpiring in Ukraine is causing an immediate marketwide price drop. Bitcoin (BTC) had a notable decline of 11% over a 16-hour time period, while the majority of altcoins plummeted 20% or more.

Bitcoin (BTC) stayed near one-week lows on March 7 as a flight to safety among investors did crypto markets no favors.

Bitcoin (BTC) price struggled to overcome $40,000 resistance over the weekend and currently trading just above $38,000. At a time when BTC is hovering at a 40% discount from all-time highs, whales have started accumulating more stablecoins.

Bitcoin (BTC) headed lower into the weekly close on March 6 with geopolitical tensions and associated macro weakness firmly in focus.

Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark.

March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a majority of the world’s financial markets. 

Bitcoin (BTC) bulls saw no relief at the Wall Street open on March 4 as $40,000 support appeared on the horizon.

Bitcoin (BTC) bended to new macro pressures on March 4 after bulls failed to hold $42,000 for long.

Bitcoin (BTC) broke through $43,000 after the March 3 Wall Street open with U.S. equities trending down.

Bitcoin (BTC) corrected from highs above $45,000 on March 3 as traders' optimism over continued upside remained in the driving seat.

Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country's financial institutions. After initially falling to around $34,000 following Russia's advance into Ukraine last week, bitcoin pushed about 10% higher on Monday and is now up more than 25% in the past week, to $43,900 Wednesday afternoon. Other cryptocurrencies have also soared. Russians are exchanging their rapidly devalued rubles for bitcoin to try and mitigate the impact of the economic sanctions imposed by the international communities for their country's attack on Ukraine. The Ukrainian government has limited its citizens' ability to conduct electronic fund transactions, so Ukrainians are also turning to bitcoin and other cryptocurrencies. They're also buying stablecoins whose values are pegged to the U.S. dollar.

Bitcoin is moving towards the $45,000 mark after a sharp rise on Tuesday. The largest cryptocurrency in terms of market capitalisation is among the second best performers among the digital tokens, rising as much as 17 per cent in the last one week. Only Terra (LUNA) is ahead of Bitcoin, rallying over 70 per cent. The total marketcap of Bitcoin is inching towards the $900 billion mark. However, the volumes of crypto assets have dropped more than 12 per cent as Bitcoins worth $33.5 billion exchanged hands in the last 24 hours, the data suggest.

Bitcoin (BTC) hit daily lows, then bounced strongly on March 2 as fresh comments by the United States Federal Reserve added to macro volatility.

Bitcoin (BTC) is "looking pretty good" as the week progresses as bulls line up challenges for several significant resistance levels.