Bitcoin rises Financial News

Bitcoin, Ethereum, BNB, Solana, and Cardano. The global cryptocurrency market cap rose 2.24% to around $1.74 trillion in the last 24 hours. At 11:50 a.m., Bitcoin was trading 3.8% higher at $46,196, while Ethereum was up 1.15% at $2,450.

cryptocurrency markets were trading higher on Thursday as the US dollar and bond yields hit multi-month lows on mounting bets the Federal Reserve will start cutting interest rates as soon as next March. In Thursday's trade, the global cryptocurrency market cap surged 2.52% to around $1.69 trillion in the last 24 hours. At 12:46 p.m., BTC was trading 1.44% higher at $43,055, while Ethereum was up 6.9% at $2,379. BTC bounced back from the 20 EMA D and is holding above that, signalling a positive trend. Additionally, BTC dominance continues to decline, which is favourable for altcoins. BTC needs to clear the key resistance at $44,500 for further upward movement, said CoinDCX Research Team.

Bitcoin rose on Monday, briefly surpassing $42,000 to reach a 20-month high, in a new surge of momentum fueled by the possibility of U.S. interest rate cuts and traders betting that the U.S. will soon approve exchange-traded spot bitcoin funds. The world's biggest cryptocurrency rose as high as $42,162 on Monday, its highest since April 2022, seemingly casting off the funk that had settled over crypto markets following the collapse of FTX and other crypto-business failures last year. It was up 6.49% at $41,311.26 as of 1605 GMT. Bitcoin's gains lifted the shares of cryptocurrency-related companies, as well as exchange-traded funds (ETFs) listed in the United States. Coinbase jumped 6.5% and Microstrategy gained nearly 6%, while bitcoin miners such as Riot Platforms, Marathon Digital and CleanSpark rose between 8% and 11%. Last week, Microstrategy disclosed it bought an additional $593 million in bitcoin during November.

(Reuters) — Bitcoin rose 5% to $44,083 at 2149 GMT on Tuesday, adding $2,098 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 66.1% from the year's low of $26,533 on Oct.

Dogecoin. Meanwhile, the global cryptocurrency market cap surged 1% to around $1.44 trillion in the last 24 hours. At 11.59 a.m., BTC was trading 0.5% higher at $38,112, while the second most popular token, Ethereum, was up 2.6% at $2,091. Dogecoin also surged over 3.5% to $0.08. «After ending November with gains of 10%, Bitcoin has been trading range bound since yesterday. The buying pressure on BTC continues to surpass the selling pressure, suggesting that investors’ confidence is sustained and optimistic. Additionally, institutional participation continues to rise, with the latest being MicroStrategy's 10% increase of its BTC holding, translating into approx. $600 million worth of BTC,» Parth Chaturvedi, Investments Lead, CoinSwitch Ventures said. While key narratives involving the suspected approval of spot BTC ETF applications in the pipeline are sustaining investor sentiments, any new developments within the space can determine BTC’s future performance, Parth said.

cryptocurrency market cap increased by 2.33% to around $1.42 trillion in the last 24 hours. At 12:52 p.m., BTC was trading 2.4% higher at $37,372. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $730 billion. «The price of Bitcoin has been above the $37,300 level today as market participants anticipate that the recent regulatory activity in the US might lead to positive news about a Bitcoin spot ETF. Market sentiments are presently positive, with the bulls working hard to sustain and keep up the momentum,» said Edul Patel, CEO of Mudrex. Vikram Subburaj, CEO of Giottus Crypto Platform, said, «The crypto market prevailed over concerns regarding global exchange Binance and have bounced strongly post a healthy correction. Bitcoin, having gained 3% daily, is primed to rally towards the $38,000 level post which $40,000 becomes a possibility.»

(Reuters) — Bitcoin rose 5.7 % to $37,802 at 2129 GMT on Wednesday, adding $2,044 to its previous close.

XRP, BNB, Cardano, Dogecoin, and Polkadot were trading in the red. Bitcoin was up 1.12% at $35,308 as of 12:05 p.m., while Ethereum was below the $1,900 level. Other popular altcoins, including Solana and Toncoin, rose up to 9%. While BNB fell 2.4% and Polkadot dropped 8%. «Bitcoin is currently trading near the $35,300 mark, while altcoins like Solana and Toncoin have surged by more than 6% and 11%, respectively. This recent price action has pushed the total cryptocurrency market's value to a 16-month high of 1.34 trillion dollars. To maintain its momentum, Bitcoin will need to breach the $35,700 threshold; otherwise, it may find support around the $34,200 mark,» said Edul Patel, CEO of Mudrex.

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Meanwhile, the global cryptocurrency market cap surged 0.7% to around $1.27 trillion in the last 24 hours. Bitcoin was up 0.66% at $34,304 as of 12:30 p.m., while its largest peer, Ethereum, surged 0.54% to above the $1,750 level. Broader markets, including crypto, reflected positive gains as investors prepare for the Fed meeting scheduled for Wednesday, and the release of the U.S. jobs report. The crypto fear and greed index also continues to stay in the greed zone despite a four-point drop; currently at 68/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures.

cryptocurrency market cap surged 0.77% to around $1.27 trillion in the last 24 hours. Bitcoin was up 1.47% at $34,626 as of 12:30 p.m., while its largest peer, Ethereum, surged 1.4% to above the $1,800 level. The consistent gains registered by BTC have overshadowed the price action of ETH and other major altcoins. This has led to BTC dominance hitting a new 30-month high of over 54%; the highest since April 2021. However, as investors become comfortable with the risk curve during this market phase, altcoins may see an uptick in investor interest, leading to a correction in BTC dominance, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures. Other popular altcoins, including Dogecoin and Shiba Inu, rose over 6% each. Also, Cardano, Solana, Polygon, Polkadot, Litecoin and Toncoin surged.

cryptocurrency market cap surged 0.77% to around $1.27 trillion in the last 24 hours. Bitcoin was up 1.47% at $34,626 as of 12:30 p.m., while its largest peer, Ethereum, surged 1.4% to above the $1,800 level. The consistent gains registered by BTC have overshadowed the price action of ETH and other major altcoins.

Toncoin and Tron were trading in the green, while Ethereum, XRP, BNB, Cardano, Dogecoin, and Polkadot were trading in the red. The global cryptocurrency market cap surged 0.76% to around $1.09 trillion in the last 24 hours. Bitcoin was up 1.1% at $28,586 as of 12:39 p.m., while Ethereum was below the $1,600 level. «Bitcoin has maintained a trading position above the $28,300 mark in the last 24 hours. This price movement is driven by growing excitement among investors about the potential approval of a Bitcoin Spot ETF in the United States,» said Edul Patel, CEO of Mudrex. «BTC has successfully reclaimed the 200-day Simple Moving Average (SMA) and is currently holding above it.

XRP, Cardano, Dogecoin, Toncoin and Polkadot were trading in the red. Meanwhile, the global cryptocurrency market cap surged 0.64% to around $1.09 trillion in the last 24 hours. Bitcoin was up 1.44% at $28,251 as of 12:35 p.m., while Ethereum was just below the $1,600 level. «Bitcoin’s price touched the $30,000 mark before settling at the $28,000 level following false news published on X (formerly Twitter) about the SEC approving Blackrock’s spot ETF application. The news caused more than $100 million in liquidations,» said Edul Patel, CEO of Mudrex.

Toncoin and Tron were trading in the green, while Ethereum, XRP, BNB, Cardano, Dogecoin, and Polkadot were trading in the red. The global cryptocurrency market cap surged 0.76% to around $1.09 trillion in the last 24 hours. Bitcoin was up 1.1% at $28,586 as of 12:39 p.m., while Ethereum was below the $1,600 level. «Bitcoin has maintained a trading position above the $28,300 mark in the last 24 hours. This price movement is driven by growing excitement among investors about the potential approval of a Bitcoin Spot ETF in the United States,» said Edul Patel, CEO of Mudrex. «BTC has successfully reclaimed the 200-day Simple Moving Average (SMA) and is currently holding above it.

cryptocurrency market cap rose 2.7% to around $1.07 trillion in the last 24 hours. Bitcoin was up 2.5% at $27,119 as of 1:18 p.m., while Ethereum was above the $1,150 level. «Bitcoin surpassed the $27,000 mark due to several factors, including a rise in stock markets and upcoming options expiring on Friday, coupled with reduced overall economic pressures,» said CoinDCX Research Team. Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Bitcoin's value climbed beyond the $27,200 threshold on Friday before stabilizing above the $26,900 level. This upward shift may be attributed to Valkyrie Funds LLC, an investment management firm, obtaining regulatory clearance from the Securities and Exchange Commission (SEC) to introduce Ethereum futures to its current Bitcoin futures exchange-traded fund.»

Toncoin, and Solana were trading with gains, while XRP, BNB, Cardano, Dogecoin, and Litecoin were trading with cuts. Bitcoin (BTC) rose 0.7% to $26,419, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 0.6% in the last 24 hours. BTC has managed to maintain its position above the $26,000 level, even as the S&P 500 experienced a significant drop to a three-month low and the US dollar index (DXY) reached a new year-to-date high. This relatively stable performance is viewed as a positive sign, indicating a lack of aggressive selling at lower price levels, said ZebPay Trade Desk. In today's trade, Solana, Toncoin, and Ethereum rose up to 3%, while XRP, Litecoin, and Cardano declined up to 1%.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.76% in the last 24 hours. The crypto market has traded sideways with an upward bias in the last 24 hours. It has been another positive day for BTC as it touched $27.4k before pulling back a little. In fact, the last 8 days have been pretty positive for the crypto market with BTC rising around 10% from the local top to bottom, said Shubham Hudda, Senior Manager, CoinSwitch Markets Desk. Meanwhile, Edul Patel, CEO & Co-founder of Mudrex, said, «Over the past 24 hours, Bitcoin rose above the US$27,000 mark, marking its highest point since August 31st. This surge is in anticipation of the U.S Federal Reserve's upcoming meeting, scheduled for tomorrow, where the market expects the Federal Open Market Committee (FOMC) to momentarily halt interest rate hikes.»

BNB, Dogecoin, and Litecoin were trading with cuts. Bitcoin (BTC) rose 0.92% to $27,044, whereas Ethereum (ETH) was above the 1,600 level. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, rising 0.62% in the last 24 hours. «Bitcoin's price has surged beyond the $27,000 threshold, and this upward trajectory could likely be attributed to Nomura, one of Japan's leading investment banks, unveiling a Bitcoin-based fund designed for institutional investors,» said Edul Patel, CEO & Co-founder of Mudrex. Market sentiment currently varies from neutral to bullish as market participants await the Federal Reserve's FOMC decision regarding interest rates, set to be announced later today, Edul said.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.06 trillion, rising 1.5% in the last 24 hours. «Bitcoin is currently trading at the $26,500 mark, and this shift in its price may be attributed to recent developments at the European Central Bank (ECB),» Edul Patel, CEO & Co-founder of Mudrex, said. The ECB has signalled that their recent hike of 0.25% in three key interest rates could potentially mark the conclusion of the rate hikes in the current cycle. In order to sustain its upward momentum, Bitcoin will need to breach the resistance at $27,000, Edul added.

Bitcoin (BTC) rose 1.38% to $26,260, whereas Ethereum (ETH) was above the 1,600 level. The global cryptocurrency market cap was trading higher, around $1.04 trillion, rising 1.38% in the last 24 hours. «Bitcoin and Ethereum are holding steady, with Bitcoin maintaining its position above $26,000 and Ethereum above $1,600. Bitcoin's rapid recovery above the critical $26,000 mark following the CPI report, along with Ethereum's stability, has boosted confidence among traders and analysts who regard these levels as pivotal, said CoinDCX Research Team. Other top crypto tokens were also trading higher on Thursday. XRP, Solana, Polygon, Litecoin, and Shiba Inu gained up to 5%.