BTC Financial News

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Bitcoin, the leading cryptocurrency, is currently trading at $31,449, marking a notable surge of over 3.5% on Friday. 

The crypto market is currently witnessing a notable uptick, propelled by the recent legal victory of Ripple, the company behind XRP, in its lawsuit against the SEC.

Bitcoin, currently trading at $30,500, experienced a slight decline of 1.4% within the past 24 hours. 

Europe is set to welcome its first spot Bitcoin (BTC) Exchange Traded Fund (ETF) after a twelve-month delay. 

Bitcoin, the world's largest cryptocurrency, has recently seen a decrease in value, currently trading at $30,330, a drop of 1.07% as of Thursday. 

cryptocurrency markets were trading in the red on Thursday despite the lower-than-expected inflation data in June. Bitcoin (BTC) fell 1.21% to $30,357, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $14.62 billion, rising 23.46% in the last 24 hours. «Bitcoin is steady above $30,000, in a range it has been since late June. Favorable US CPI inflation data hasn't excited the market yet with key resistance forming around $31,000,» Vikram Subburaj, CEO at Giottus Crypto Platform, said. «Ethereum continues to lag behind the leading asset under $1,900. This period of consolidation will end with a break on either side with a high probability of a considerable rally in the coming weeks,» he added.

A prominent Argentine lawyer has told a leading presidential candidate to bin his dollarization plans in favor of a Bitcoin (BTC) adoption drive.

The price of Bitcoin is currently trading at $30,628, reflecting a nearly 0.50% increase on Wednesday. 

The leading cryptocurrency, Bitcoin (BTC), has maintained its upward trajectory and remains well above the $30,000 level. 

Major cryptocurrencies are trading with a modestly positive bias on Tuesday, but are still mostly within recent ranges ahead of Wednesday’s key US inflation data.

Bitcoin price is trading at $30,492 in today's market, marking an over 1% rise on Tuesday. 

Also Read: Bitcoin hits 13-month high, trading at $31,500 “Increased miner profitability per BTC mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher," Geoff Kendrick at Standard Chartered wrote. In April, Standard Chartered forecast that Bitcoin could reach $100,000 per coin by the end of next year.

Standard Chartered said on Monday, predicting the recent jump in its price could encourage bitcoin «miners» to hoard more of the supply. Standard Chartered published a $100,000 end-2024 forecast for bitcoin back in April on the view the so-called «crypto winter» was over, but one of the bank's top FX analysts, Geoff Kendrick, said there was now 20% «upside» to that call. «Increased miner profitability per BTC (bitcoin) mined means they can sell less while maintaining cash inflows, reducing net BTC supply and pushing BTC prices higher,» Kendrick said in a report. Bitcoin's price has leapt 80% since the start of the year but its current level of just over $30,200 is still less than half the $69,000 it peaked back in November 2021.

Bitcoin's price is currently teetering around the crucial $30,000 support level, raising concerns about the possibility of a more significant sell-off.

Bitcoin (BTC) fell lower over the course of last week, as optimism faded among market participants in the face of potentially higher interest rates in the US.

Crypto markets are mostly flat in a quiet start to the trading week.

Coinbase users have reported a series of phishing attacks that used the crypto exchange’s domain name.

LONDON (Reuters) — Top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered said on Monday, predicting the jump in its price could encourage bitcoin 'miners' to hoard more of the supply.

The next Bitcoin (BTC) halving, the most anticipated quadrennial event in the cryptocurrency space that has the potential to drive the maiden digital currency price to new heights, could pose more troubles to Bitcoin miners than the previous ones.

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