Tag: 93K

Bitcoin ETFs hit 5-day inflow streak as price climbs back above $93k

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U.S. spot Bitcoin exchange-traded funds recorded their fifth straight day of inflows today as BTC recovered to nearly $94,000, its highest level in nearly two weeks. Summary U.S. spot Bitcoin ETFs have drawn in $288 million over the past 5 trading sessions. BlackRock’s IBIT led the inflows with over $120 million flowing in on Tuesday. Analysts expect more upside for BTC over the coming weeks. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $58.5 million in net inflows on Dec. 2, led by BlackRock’s IBIT, which drew…

BTC Reversion Play Stops Price at $93K: What’s Next

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Bitcoin (BTC) attempted to close above a key resistance zone last week after briefly spiking to roughly $93,300. However, BTC failed to stop a mean-reversion trend, with the price dropping below $85,000 on Monday.  Bitcoin four-hour chart. Source: Cointelegraph/TradingView Key takeaways: Bitcoin’s inability to close above $93,000 invalidated the confirmation of a bullish trend reversal. Without fresh spot demand, Bitcoin could range between $80,600 and $96,000 until one of those levels is retested. Lack of spot buyers flattens bullish sentiment Thin spot liquidity and weak order-book depth are the major…

Is Bitcoin Price Doomed For $93K? Technical Indicators Paint A Bearish Image

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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. The Bitcoin price has not quite been able to maintain the bullish momentum that saw it climb to a new all-time high last week. Instead, the premier cryptocurrency has…

Bitcoin drops under $93K after US GDP data shows shrinking economy, raising recession alarms

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Key points:  US GDP shrank in Q1, raising recession alarms while also prompting calls for Fed rate cuts. Bitcoin dropped to $92,910 as GDP figures were released, but sustained buy-side demand could provide support.  Today’s crypto derisking is likely transitory; market fundamentals remain strong. Bitcoin (BTC) price took an abrupt tumble as data showed the US gross domestic product (GDP) retracting by 0.3% in Q1, raising alarms among analysts anticipating a recession. Following the news, BTC price dropped to an intra-day low of $92,910, while the DOW and S&P 500…

Bitcoin Steady at $93K As Battle With Gold Ensues

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The cryptocurrency was trading sideways as of Thursday morning, while gold continues its ascent as murmurs of $4,000 per ounce begin to get louder. Store of Value Showdown: BTC Maintains $93K as Gold Rallies Bitcoin has remained flat over the past 24 hours, bobbing up and down just above $93K. Meanwhile, gold, which surged to […] Original

Bitcoin Regains $90K With Funding Rates Indicating Momentum Toward $93K

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Crypto market liquidations exceed $600M, Bitcoin crosses $93K

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For the first time in seven weeks, Bitcoin has surpassed $93,000, triggering a sentiment shift that resulted in more than $600 million in crypto market liquidations.  As of press time, Bitcoin (BTC) is trading at $93,069, up 5% in the last 24 hours. Ethereum (ETH) has jumped 12% to $1,768 while Solana (SOL) is up 7% at $149. The cryptocurrency market’s overall market capitalization has increased by 4% to just over $3 trillion. According to Coinglass data, $602 million was liquidated from the cryptocurrency market in the last 24 hours,…

Bitcoin traders turn to $93K yearly open as BTC price hits 6-week high

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Bitcoin (BTC) hit six-week highs on April 22 as US trade war tensions emboldened crypto bulls. BTC/USD 1-hour chart with 200SMA. Source: Cointelegraph/TradingView Bitcoin lines up resistance flips around $90,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD above $91,000 after the Wall Street open — its highest since March 7. Bitcoin and gold benefited from increasing market nerves over how China, Japan and others would respond to US trade tariffs. XAU/USD set fresh all-time highs on the day, while BTC/USD faced a key bull market support trend line…

Bitcoin price jumps to $93K as XRP ‘flips’ Ethereum by fully diluted value

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Bitcoin (BTC) neared $93,000 on Mar. 2 as US President Donald Trump doubled down on a strategic crypto reserve. BTC/USD 1-day chart. Source: Cointelegraph/TradingView Trump writes: “I also love Bitcoin and Ethereum!” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 8% in rare weekend volatility. Trump ignited a crypto firestorm into the weekly close after posts on Truth Social referenced a crypto reserve that would include BTC, Ether (ETH) and several altcoins. After initially referencing only XRP (XRP), Solana (SOL) and Cardano (ADA), the President’s account added plans…