Bitcoin Today Financial News

Bitcoin (BTC), Ethereum (ETH), and Solana. The global cryptocurrency market cap decreased by 1.8%, settling around $2.2 trillion over the past 24 hours. As of 12:45 pm IST, Bitcoin was down 1.4%, trading at $62,862, while Ethereum fell 2% to $2,686.

Bitcoin (BTC) fell over 3% and was trading at $62,322.09 around 12:20 pm India time. The other major cryptos such as Ethereum (4.04%), XRP (2.97%), Dogecoin (XRP (2.97%), Avalanche (5.19), Tron (1.12%), Cardano (3.68%), Solana (7.28%), BNB (3.79%), Toncoin (4.89%) and Polygon (4.41%). From the peak of $73,000, the Bitcoin prices have slid by nearly 17%.

Bitcoin, the largest cryptocurrency by market value, fell 1.75% to $61,222, while the second-largest digital token, Ethereum, slipped 5.2% to $2,998.

Bitcoin dropped the most in almost two weeks, weighed down by cooling demand for dedicated US exchange-traded funds and ebbing bets on looser Federal Reserve monetary policy. The digital asset fell as much as 7.4%, the biggest intraday decline since March 19, and traded around $65,400 at 10:09 am in New York. Tokens earlier favored by the meme crowd such as Pepe and dogwifhat also slumped, sending a gauge of smaller digital assets sharply lower. The crypto declines came as equities markets in Europe and the US also dropped.

bitcoin, the cryptocurrency's latest meteoric rally to a record high may have more legs than in 2021, experts say. The world's largest cryptocurrency, notorious for its volatility, touched $69,202 on Tuesday, driven by excitement over new U.S. spot bitcoin exchange-traded funds (ETFs) and expectations the Federal Reserve will begin cutting U.S. interest rates this year.

The world's biggest cryptocurrency reached $52,749, a high since December 2021. Its market capitalisation also went back above $1 trillion this week, according to cryptocurrency data platform CoinGecko.

cryptocurrency, has weathered recent market volatility with resilience, bouncing back 5% to hit the $42,000 mark on Saturday. Despite this recovery, Bitcoin remains 14% below its post-ETF approval highs. On January 24, Bitcoin was at $39,500, down nearly 20% from around $49,000 — the three-year high it hit on January 11 in the wake of the decision by the US SEC to approve spot bitcoin ETFs. Siddhartha Gupta, SVP — Business and Strategic Alliances, CoinDCX said, «Bitcoin's dip below $40,000 post-ETF launch isn't solely due to the event. A prior 15% surge in less than 20 days pushed it into overbought territory. The decline reflects profit booking by major crypto players rather than signalling long-term negativity.» «With the imminent halving and potential ETH ETF approvals, our medium and long-term perspective for Bitcoin is bullish and we can look at newer 1-year highs in a short-term period,» Siddhartha said.

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.

crypto market is witnessing its best performance since April 2022, with Bitcoin crossing the $41,000 mark. Experts say growing confidence in the crypto market is driven by expectations of the US Federal Reserve cutting interest rates in 2024 and the eventual approval of a Bitcoin ETF, which could boost the price of the world's largest cryptocurrency. The digital asset has skyrocketed this year, rising nearly 150%, with expectations growing that US regulators will allow the creation of ETFs. «The sentiment is upbeat because the buzz is that the Bitcoin ETF could be approved as early as by January 15, 2024. The market is buzzing with optimism as it is a catalyst for wider institutional acceptance and integration of Bitcoin into mainstream financial portfolios. This sentiment is intertwined with the upcoming Bitcoin halving, an event historically associated with price increases due to the resulting supply shock,» said Rajagopal Menon, Vice President at WazirX. Bitcoin was trading above $41,600 at around 5:27 pm on Monday.