Bitcoin Financial News

The BTC/USD is trading at 27,908, up by 2.50% in 24 hours. The US bank crisis fueled a weekend surge and Bitcoin momentarily reached $28,000 for the first time in nine months on Monday. However, the price dropped before the US Fed decided on interest rates.

According to technical analysts looking at the Bitcoin market on a short-term time horizon, the world’s largest cryptocurrency by market capitalization looks like it could be on the verge of a breakout towards the psychologically important $30,000 level and perhaps on towards the next major resistance zone around $32,500-$33,000.

Yesterday, the cryptocurrency market saw a decline as the price of Bitcoin dropped 0.87% to $27,806. This came after the leading digital asset reached its highest point since June of the previous year.

Bitcoin’s (BTC) price broke above the February 2023 highs of $25,200 after U.S. inflation data was in consensus with the market expectation. The potential fallout of the global banking system further promoted Bitcoin investment as a non-correlated global hedging instrument similar to gold in March. The correlation between gold and BTC has been rising since the start of the month.

The recent bull run in the crypto space has brought all eyes to Bitcoin [BTC], with its soaring prices generating profits for both long-term and short-term investors.

Bitcoin (BTC) headed to new nine-month highs after the March 21 Wall Street open as a crucial Federal Reserve interest rate decision loomed.

Outflows from investment funds backed by bitcoin (BTC) rose sharply last week, despite a massive increase in the spot price of the cryptocurrency.

This week on The Market Report, our beloved host, Joe Hall, and insightful expert, Sam Bourgi, unfortunately, could not make it, but don’t worry because Marcel Pechman is here to discuss why he thinks Bitcoin’s (BTC) price is rising amid collapsing banks.

According to a new report by CoinShares digital asset investment products recorded six consecutive weeks of outflows totaling $95 million. Over the last five weeks, there has been $406 million in outflows from investment products, with a notable portion of those outflows being related to Bitcoin [BTC].

Stacks (STX), the cryptocurrency that powers the smart-contract enabled Bitcoin layer-2 scaling blockchain called Stacks, saw the 13th highest trading volume of all cryptocurrencies over the last 24 hours, as per data presented by CoinGecko on Tuesday. Price predictions subsequently remain bullish.  

Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, provided subscribers the opportunity to trade three coins that embarked on momentum-fueled price moves. 

A top South Korean financial regulator has denied reports claiming it is set to cooperate with the United States on efforts to classify certain cryptoassets as securities.

In the early days of Bitcoin, Mt. Gox was by far the most prominent Bitcoin (BTC) exchange in the world. The Tokyo-based company was responsible for more than 70% of all Bitcoin transactions in 2013. However, by early 2014, it had collapsed spectacularly, leaving investors and traders with losses amounting to hundreds of millions of dollars. 

Bitcoin’s [BTC] Year-To-Date (YTD) performance of over 70% has been one of the best in its history, considering the number of months it took to reach the landmark . But unbeknownst to many, the price rise also impacted the mining industry, which faced a lot of challenges in the past year.

The Crypto Fear and Greed Index has reached its highest level in 2023, surpassing levels not seen since Bitcoin’s [BTC] all-time high (ATH) in November 2021.

Near-disasters at Credit Suisse and Silicon Valley Bank have been good news for one corner of the market at least: bitcoin is soaring.

Australia’s prudential regulator has reportedly asked local banks to report on cryptocurrency transactions amid the ongoing contagion of Silicon Valley Bank’s (SVB) collapse.

A Spanish lawmaker has turned his back on parliament and his political career – and plans to become a Bitcoin (BTC), altcoins, and blockchain guru instead.

On 20 March, Euler Finance’s hacker sent a message to an Ethereum [ETH] address related to the DeFi platform. After Euler issued an on-chain ultimatum demanding the funds’ return, the hacker offered to start a dialogue.

Of the 4,593 days of Bitcoin’s existence as a tradable asset, BTC hodlers experienced 4,065 profitable days — challenging the historical narrative of depreciating volatility in crypto. As a result, holding Bitcoin (BTC) is provably profitable in the long run. 

cryptocurrency conference in Denver this month, a group of singers clad in bright orange onesies took the stage to perform what one industry website later described as an anthem for the crypto faithful, a “blockchain ‘Blowin’ in the Wind.’” The chorus was a list of crypto’s most notorious villains, from trash-talking entrepreneur Do Kwon to disgraced FTX founder Sam Bankman-Fried, punctuated by four-letter expletives. “In the next bull market, we promise not to use,” the song continued, “centralized exchanges run by these toxic dudes.” After a disastrous 2022, when a procession of prominent crypto firms imploded, the industry is angling for an audacious rebrand. Executives like Kwon and Bankman-Fried — once beloved crypto celebrities, with hundreds of thousands of devotees hanging on their every tweet — are now personae non gratae. Their former admirers argue that these crypto villains never truly embodied the industry’s core values, even before their companies collapsed.