Bitcoin Financial News

The latest banking crisis could lead to “the first-ever extended duration bull market” for Bitcoin (BTC), according to Swan Bitcoin CEO Cory Klippsten.

Disclaimer: The text below is a press release that is not part of  Cryptonews.com  editorial content.

Reacting to market movements correctly is the key to making big gains in crypto. But it is not easy - the market is in a constant state of flux, bullish signals often end up being invalidated and flipping bearish or vice versa. Traders often seek out tools that can help them react to market changes quickly so that they don’t miss anything, the latest of which is Immediate Granimator

As one of the top digital currencies in the market, Ripple’s [XRP] recent surge in popularity and performance has caught the attention of investors and traders alike, based on the CoinShares’ 3 April report . According to the digital asset investment and trading group, the payment token registered the most input in last week’s fund flow activity. 

BitGPTApp is a relatively new and unknown trading platform that claims to use AI (artificial intelligence) algorithms capable of quickly scanning the market and making predictions. 

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

Bitcoin (BTC) hit new month-to-date lows overnight into April 4 as fresh rumors over biggest exchange Binance spooked fragile markets.

The cryptocurrency market has experienced many ups and downs lately, but things are looking positive now. This trend may be attributed to the improving global economy and lower inflation rates. 

bitcoin soared above $25,000, reaching a threshold the digital currency hadn’t touched since June. This week, bitcoin reached nearly $30,000, up 70% for the year. Bitcoin proponents seized on the price rise to argue that the banking crisis was prompting investors to convert traditional currencies into digital coins. One crypto executive hailed the bank failures as “the end of the USD and the dawn of hyperbitcoinization.” A company that markets bitcoin to investors started putting references to the bank runs in its promotional materials. But despite the fanfare, there is little evidence that the recent banking collapse has generated widespread support for bitcoin as a financial alternative. Instead, the surge in bitcoin’s price was driven by a range of financial trends that have little to do with the technology’s philosophical underpinnings, analysts said. The reasons for the surge include growing optimism that the Federal Reserve may pause interest rate increases, as well as increasing concerns about the safety of so-called stablecoins, a type of cryptocurrency intended to maintain a price of $1.

Bitcoin's surprising fast exit from its «crypto winter» has once again put the notoriously volatile digital currency atop the leader-board in the first quarter for being the best-performing asset class by a wide margin. With a roughly 70% gain, Bitcoin is closing out its best quarter since the three months ended March 2021, when it surged some 103%, Bloomberg data show. That vastly outstrips the S&P 500's 5.5% year-to-date advance, the Nasdaq 100's 19% uptick and the iShares 20+ Year Treasury Bond ETF's 5.3% jump. Long-time participants note that volatility is expected — and is even part of the attraction to investors in the relatively embryonic asset class. Bitcoin burst onto the mainstream consciousness with a more-than 1,000% annual gain in 2017, only to post a 74% drop the following year in what became known as a crypto winter. Then after three consecutive annual increases, it tumbled 64% last year amid a series of industry scandals and bankruptcies. «For many crypto market observers, it's not at all a surprise,» said Noelle Acheson, author of the «Crypto Is Macro Now» newsletter, of this year's rally. «All the signs were pointing to a strong price floor starting last November, and it was just a matter of time before either the liquidity narrative changed (which it did in early January) or longer-term investors saw a store-of-value opportunity (which seems to have also happened).»

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Bitcoin (BTC) is "untouchable" despite ongoing regulatory pressures in the crypto sector and those who don't have some crypto exposure are "seriously silly" according to Bloomberg's senior commodity strategist Mike McGlone. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

In recent weeks, Bitcoin [BTC] embarked on an exhilarating price run, reigniting hopes that the king coin would surge into the illustrious $30,000 range. Alas, the weekend brought with it some necessary corrections that subdued the bullish mood. 

As a new week begins, assets that were deprived of attention in the last seven days have been getting noticed by investors. Stacks [STX], the Bitcoin [BTC] layer for smart contracts, was one such token, as revealed by LunarCrush .

Over the past few months, there has been increasing interest in BTC.b, which is a wrapped version of Bitcoin that runs on the Avalanche network.

Cryptocurrency markets have been trading within an unusually tight 5% range since March 17 as conflicting forces continue to pressure the sector. Consequently, in the past 7 days, the total market capitalization gained 3.8%, which was driven mainly by Bitcoin's (BTC) 3.6% price increase and Ether's (ETH) 5% gain.

Bitcoin’s (BTC) price initially dipped, but then recovered on April 3. The volatility happened after several OPEC+ members announced plans to cut oil production totaling 1.65 million barrels per day until the end of the year. Some analysts expect this move to tighten supply, resulting in higher prices at the pump. That may in turn boost inflation, warranting a continued hawkish stance from central banks.

In recent weeks, Bitcoin has experienced a significant rally, surging 19% in just one month, leading many to question whether the bear market is finally over. This update delves into Bitcoin price predictions and analyzes various factors contributing to the cryptocurrency's recent gains, while also assessing the likelihood of a sustained upward trend.

The latest week was good one for the cryptocurrency market, all things considered. Bitcoin managed to stay close to $28,000, which bodes well for support levels. Investors are hopeful this momentum will carry forward into the new quarter and help propel crypto to its higher prices of a few years ago. Some tokens, in particular, look as if they may gain momentum along with Bitcoin.

The United States Federal Reserve began its most aggressive quantitative tightening efforts in March 2022, raising benchmark interest rates in the year since from near-zero to 4.75% to 5% annually. While the central bank has successfully brought down inflation to some degree, the increasing interest rates are starting to cause cracks in the global banking industry.