Tag: Bitcoin

Bitcoin (BTC) Price Blasts to $90K on Coinbase as Crypto Rally Shakes Out Leveraged Traders

The largest crypto retraced around 5% to the low-$85,000 level earlier Tuesday, shaking out some late leveraged buyers. The pullback didn’t last long, though, with prices quickly rebounding and clinching a new all-time high of $90,100 on Coinbase‘s BTC-USD pair towards the later hours of the U.S. session before giving back some of the gains. The CryptoX Bitcoin Index (XBX), which tracks pricing data from multiple exchanges, hit $89,971 as the price on Coinbase topped $90,000. Source CryptoX Portal

Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80%

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Este artículo también está disponible en español. Bitcoin experienced an explosive surge yesterday, with bulls driving the price to a new all-time high (gain) at $89,980. This relentless uptrend highlights growing optimism among investors as Bitcoin continues to break new ground.  Renowned trader and analyst Cheds recently shared a compelling technical insight, noting that Bitcoin’s weekly Relative Strength Index (RSI) is nearing the “overbought” zone—historically a very bullish signal for BTC. Entering this zone could indicate heightened demand and momentum, suggesting further upside potential for Bitcoin in the near term.…

Bitcoin pumps 10% to break $89K; traders now buying these altcoins for the bull cycle

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin surged past its March ATH to over $89K, sparking trader interest in altcoins like Pepe Unchained, Dogecoin, AIOZ, and Crypto All-Stars What happened after Bitcoin broke its March all-time high (ATH) last week shocked everyone – it has continued to surge and now trades above $89K. But as Bitcoin teeters on the revered $90K mark, traders are pouring funds into altcoins such as Pepe Unchained, Dogecoin, AIOZ Network,…

Bitcoin Price (BTC) Rally Sends Bhutan Holdings Above $1B, Bukele’s El Salvador’s Above $500M

After purchasing bitcoin on a few occasions during the 2021 bull run, El Salvador began dollar-cost-averaging into the top cryptocurrency in November 2022, and was in the black on its holdings by December 2023, according to Bukele. El Salvador’s bitcoin strategy has been a constant sticking point with the International Monetary Fund, which has raised concerns about the nation’s fiscal situation. Source

Coin Metrics’ Analysis: Options Market Reflects Strong Bullish Sentiment in Post-Election Bitcoin Rally

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A recent report from Coin Metrics highlights how post-election trading in bitcoin (BTC) has reached unprecedented levels, with the options market indicating strong investor optimism. Coin Metrics Study Shows Increased Call Option Interest Coin Metrics’ analysis provides a detailed look at bitcoin’s rally following the recent U.S. election, which saw unprecedented trading volumes and new […] Original

AI startup Genius Group picks Bitcoin as main treasury asset

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Bitcoin as an institutional reserve asset gained more traction as a Singapore-based AI company took a page from MicroStrategy’s book. Per a press statement, publicly-traded artificial intelligence firm Genius Group will onboard Bitcoin (BTC) as its main treasury holding and immediately purchase $120 million worth of the world’s leading cryptocurrency. Genius Group also said it would hold 90% of its current and future treasury value in Bitcoin, adding to its initial 1,380 token buy plan disclosed on Nov. 12. The startup’s GNS shares surged 50% during pre-market trading, according to…

Bitcoin frenzy spun $1b volume in 25 minutes for BlackRock’s ETF

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Bitcoin’s multi-day surge to consecutive new highs has caught Wall Street’s attention, with billions flowing into crypto ETFs since the beginning of November and the U.S. elections. Bitcoin (BTC) investors traded $1 billion of BlackRock’s IBIT fund within the first 25 minutes of U.S. market trading, continuing a BTC-led trend that has incentivized retail and institutional capital deployment. Initial volumes on Tuesday, Nov. 12, followed staggering figures from Monday, Nov. 11, as Bitcoin recorded its largest single-day and weekly gains in its 15-year history. Inflows to U.S. spot BTC exchange-traded…