Tag: 117K

Bitcoin Price (BTC) News: $117K Retaken on Thursday

Having tumbled to below $112,000 at one point a few days ago, bitcoin has returned above $117,000 in late after U.S. trading Thursday, for now retaking the range it had been in for most of July. First giving a boost the crypto market overnight was news about President Trump’s intention to sign an executive order allowing crypto (among other assets) in 401(k) retirement plans. The push above $117,000 occurred late in the U.S. trading session Thursday on news of the nomination of Stephen Miran to replace the departing Andrea Kluger…

Bitcoin Risks Mount Below $117K as Open Interest Stays Elevated

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Key takeaways: Bitcoin onchain metrics converge around $105,000, signaling a hidden risk zone. Elevated open interest keeps BTC’s market structure at risk of sudden volatility. Bitcoin (BTC) remains in a ranging environment on Wednesday, after a brief retest from the demand zone between $112,000-$113,000. At the moment, BTC is attempting to break above the descending resistance trendline, which could lead to a rally to Monday’s highs at $115,700. Bitcoin one-hour chart. Source: Cointelegraph/TradingView However, crypto analyst CryptoMe indicates a potential hidden risk zone for Bitcoin around the $105,000 level, an…

Can Eric Trump’s Buy Signal Lift Bitcoin Above $117K?

Key Notes Bitcoin trades at $113,227 on Saturday, August 2, down 5.78% amid a 5-day losing streak. Eric Trump urges traders to “₿uy the dips!” following a similar February call during market volatility. The 20-day moving average at $117,000 acts as key resistance for Bitcoin price rebound attempts to gain traction. The dip comes at a time when political and financial voices have re-entered the crypto discourse. Eric Trump, Executive Vice President of the Trump Organization, posted a renewed bullish call on Saturday urging traders to “buy the dips!!!”, a…

Bitcoin Trades Above $117K as Whale Deposits Decline and Stablecoin Inflows Rise

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Bitcoin continues to maintain upward momentum despite a recent pullback from its all-time high. Currently trading at $117,847, the asset has recorded nearly a 10% gain over the past week. The dip from peak levels, approximately a 4.1% decline, has not dampened broader investor sentiment, with several on-chain indicators suggesting renewed buying interest and reduced selling pressure. Bitcoin Whale Withdrawals Decline, While Stablecoins Flow In In a recent analysis posted to CryptoQuant’s QuickTake platform, analyst Amr Taha shared insights pointing to a strategic change in behavior among key Bitcoin holders…

Bitcoin hits $117K all-time high with more upside ahead

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Bitcoin reached a new all-time high of $118,399 early on July 11 during Asian trading hours, marking another major milestone in the ongoing bull market. Yet, unlike past euphoric peaks, this breakout appears fundamentally calmer and more structurally sound. In a June 11 analysis, CryptoQuant contributor Avocado Onchain noted that several important indicators point to the market not being overheated.  The MVRV ratio, which compares Bitcoin’s (BTC) market value to its realized value, currently stands at 2.2. That’s well below the overheated levels of 2.7 seen during the March and…

Bitcoin Smashes Through $117K on Bitstamp

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Bitcoin blasted through a fresh all-time high today, touching $117,000 on Bitstamp during a powerful hourly breakout. The hourly chart reveals a strong bullish formation, with the digital asset consolidating for several days in a tight range between $110,000 and $113,000 before vaulting upward in a dramatic green candle. Volume kicked up notably in tandem […] Original