Tag: High

Bitcoin Slips to $42K From Last Week’s Yearly High

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Bitcoin, the world’s largest cryptocurrency by market value, lost ground on Monday after reaching yearly highs last week. Bitcoin fell 3% in the last 24 hours to trade around $42,400 after hitting $45,000 last week. There are a number of factors for the drop in price, with some analysts attributing it to macroeconomic fundamentals. Friday’s economic data from the U.S. came in strong, with better-than-expected nonfarm payrolls and lower employment. The dollar rallied and bitcoin dropped slightly immediately after. The pullback could also stem from investors taking profits after last…

Ethereum, Solana Prices Hit 19-Month High, Bitcoin Expected to Reach $50K

Santiment revealed that despite a price drop, Bitcoin can reach $50,000. Ethereum and Solana have managed to hit the highest levels in more than one year and a half.  ETH price now is $2,353 while SOL is trading at around $71. At the same time, Bitcoin (BTC) has decreased to $43,000 again. However, experts believe that there are clear indicators that may hint at $50,000 for BTC price soon. More details will be added soon. next Altcoin News, Bitcoin News, Blockchain News, Cryptocurrency News, Ethereum News Thank you! You have…

Bitcoin new high set for late 2024, Binance to lose top spot, predicts VanEck

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Bitcoin (BTC) will hit a new all-time high in late 2024 on the backdrop of a long-feared United States recession and regulatory shifts after the next U.S. presidential election, asset manager VanEck predicts. On Dec. 8, VanEck made 15 crypto predictions for 2024, including price forecasts, timings of a spot Bitcoin ETF launch, the impact of the Bitcoin halving, and emerging dominant crypto platforms. VanEck 15 Crypto Predictions for 2024 Prediction #1. The US recession will finally arrive, but so will the first spot #Bitcoin ETFs. Over $2.4B may flow…

Bitcoin futures open interest on CME nears 2021 all-time high

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Bitcoin (BTC) futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge has run parallel to Bitcoin’s 26% gain over the same time, with Bitcoin currently trading at just over $44,000. CME’s Bitcoin futures open interest reached $5.2 billion on Dec. 6. Source: Coinglass From Oct. 1…

Bitcoin ETF Approval Probability Surges Beyond 99% As BTC Hits Fresh Yearly High

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In the countdown to the deadline for the long-awaited Bitcoin ETF applications by major asset managers worldwide, predictions regarding the rate of approval have significantly improved.  Inside sources from the US Securities and Exchange Commission (SEC) indicate that Bloomberg’s initial 90% chance prediction of approval has now surged beyond 99%.  This development has heightened the excitement surrounding this investment vehicle, which has the potential to bring substantial inflows of capital into the Bitcoin market and further amplify its year-to-date gains of over 153%. Market Sentiment Soars As Bitcoin ETF Approval…

Bitcoin price hit 2023 high, so why are retail traders waiting on the sidelines?

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The total market capitalization of the cryptocurrency market surged past $1.55 trillion on Dec. 5, driven by remarkable weekly gains of 14.5% for Bitcoin (BTC) and 11% for Ether (ETH). Notably, this milestone, marking the highest level in 19 months, propelled Bitcoin to become the world’s ninth-largest tradable asset, surpassing Meta’s $814 billion capitalization. Despite the recent bullish momentum, analysts have observed that retail demand remains relatively stagnant. Some attribute this to the ripple effects of an inflationary environment and decreased interest in credit, given that interest rates continue to…

BTC price sets new 19-month high in ‘choreographed’ Bitcoin whale move

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Bitcoin (BTC) returned above $42,000 on Dec. 5 as analysis remained suspicious of market manipulation. BTC/USD 1-hour chart. Source: TradingView Analysis: New Bitcoin bids not “organic” Data from Cointelegraph Markets Pro and TradingView showed a BTC price rebound taking BTC/USD to highs of $42,498 on Bitstamp. These beat the 19-month peak set the day prior, with retracements being short lived amid a general atmosphere of excitement throughout crypto. As Bitcoin continued to reclaim ground lost in mid-2022, however, warnings over the rally’s sustainability continued to flow in. These centered on…