Tag: 94K

Finder’s Experts Predict Bitcoin Will Peak at $94K This Year – Markets and Prices Bitcoin News

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Finder’s panel of 33 fintech specialists has forecasted that the price of bitcoin will peak at about $94K before ending the year above $76K. In addition, the panel expects the price of the cryptocurrency to reach $192,800 in 2025 and $406,400 in 2030. Finder’s Experts Predict BTC Price for 2022, 2025, and 2030 Finder, a major product comparison website, published an updated bitcoin price prediction Wednesday for 2022 by “Finder’s panel of 33 fintech specialists.” According to the panel’s BTC price forecasts: Bitcoin (BTC) is expected to peak at US$93,717…

Bitcoin Price Tests $9.4K as Demand for Put Options Drops

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Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency.  At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CryptoX’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s recent price rise is accompanied by a slide in demand for put options. Such derivative contracts give the holder the right but not the obligation to sell the underlying asset at a predetermined price on…

Bitcoin Options Trading Volumes Surge as Price Moves Above $9.4K

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Bitcoin jumped to two-month highs early on Thursday and now looks set to register its biggest monthly gain in nearly a year. The top cryptocurrency by market value rose to $9,469 at 06:05 UTC, the highest level since Feb. 25, having rallied from $7,700 to $8,900 on Wednesday, according to CoinDesk’s Bitcoin Price Index. At press time, the cryptocurrency had dropped back to around $8,750, still up more than 36 percent on a month-to-date basis. That is the biggest monthly gain since May 2019 when the cryptocurrency had rallied by…

3 Key Factors Why Bitcoin Price Exploded to $9.4K Overnight

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The Bitcoin (BTC) price increased from $7,700 to $9,500 overnight, increasing by 23%, according to Coinmarketcap, in less than 24 hours.  The three main factors that catalyzed Bitcoin’s recent rally are record-high spot exchange volume, a breakout above historical resistance levels, and a noticeable rise in institutional demand. Spot exchanges drove Bitcoin to $9,500, not the futures market In crypto, the term spot exchange refers to a platform that facilitates fiat to crypto trades. On Binance and Coinbase, for instance, users can trade Bitcoin with USD or stablecoins like Tether…