Tag: 103K

Bitcoin Holds $103K as Altcoins Lag and Traders Hedge Downside

Bitcoin BTC$103,296.47 is holding around $103,000 having rebounded from Wednesday’s sub-$100,000 level. The CoinDesk 20 Index (CD20) is up 1.8% in 24 hours. Still, the largest cryptocurrency remains in a technical downtrend from the Oct. 6 record high of $126,000, having formed a lower high at $116,000 as well as consecutive lower lows. The altcoin market has fared even worse, demonstrated by bitcoin dominance ticking back up to 60% after dropping to 57% in September. Several tokens remain well below critical levels of support including ENA$0.3205 and APT$2.6492, both of…

Bitcoin ETFs extend outflow streak to sixth day even as BTC reclaims $103k

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Signs of cautious trading are emerging as the crypto market reacts to shifting flows among Bitcoin ETFs. Summary Bitcoin ETFs see sixth straight day of outflows, totaling more than $2.05 billion, with BlackRock’s IBIT leading the withdrawals. Bitcoin trades around $103,000, recovering from a dip below $99,000 but still facing weak demand and muted sentiment. Bitcoin price outlook remains cautious, with resistance at $106,000 likely to cap gains and the risk of another drop below $100,000 if buyers stay sidelined. Bitcoin ETFs have now reported net outflows for six consecutive…

Bitcoin rebounds above $103k after Iran missile attack intercepted

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Bitcoin price has swiftly bounced above $103,000 after a sharp decline triggered by reports of Iran firing missiles at a U.S. base in Qatar. Following confirmation that U.S. interceptor missiles successfully intercepted the Iranian missiles with no casualties, Bitcoin (BTC) surged. The benchmark cryptocurrency had briefly touched the $100,000 level after Iran announced it had fired missiles at Al Udeid Air Base in Qatar. However, a statement from the Qatari Ministry of Defense detailing a successful interception of the ballistic missile attack helped boost sentiment, with Bitcoin and the broader…

Bitcoin dips below $103k as Glassnode points to profit takers

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Bitcoin gave back all of its gains after soaring past the $105,000 mark early Monday morning amid encouraging trade deal developments. Gains across risk assets have accelerated in the past few days, with Bitcoin (BTC) surging after it crossed above $100k last week. Alongside stocks, Bitcoin surged to a multi-month high of $105,000. Like equities, BTC’s price jumped following progress in U.S.-China trade talks over the weekend. A White House announcement regarding a 90-day agreement to slash reciprocal tariffs added further tailwinds. But while the spike has fresh interest in…

Bitcoin Reaches $103K as Funding Rate Turns Positive Post-Liquidations

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin has revisited the $100,000 mark for the first time in months, gaining nearly 5% in the past week. As of the time of writing, BTC is trading at…

Dow drops 119 points, Nasdaq inches higher, Bitcoin settles at $103k amid China talk rumors

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U.S. stocks ended the week mixed, with investor sentiment cautious ahead of scheduled trade talks between U.S. and Chinese officials in Switzerland this weekend.  The Dow Jones Industrial Average fell 0.3%, while the Nasdaq Composite edged up 0.0043% while the S&P 500 hovered near the flatline down 0.07% The trading action follows a preliminary U.S.-U.K. trade agreement, but new tariff rhetoric has kept markets jittery. U.S. President Donald Trump floated an “80% Tariff on China” via Truth Social, a step down from the current 145% but still above the sub-60%…

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

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The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week. Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market dominance also surged above 60%, reflecting more bullish BTC sentiment. This marked the third time BTC has broken through six figures since it reached the milestone on Dec. 5, 2024, and again on Jan. 20, ahead of US President Donald Trump’s inauguration.  The…