Tag: High

Dow Jones seesaws, ends flat as Bitcoin hits new all-time high

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U.S. stocks ended mixed Thursday as markets digested the House’s narrow approval of President Trump’s massive tax-and-spending package. The S&P 500 dipped 0.04%, the Dow Jones Industrial Average was flat, and the Nasdaq Composite rose 0.28%. The legislation—projected by the Congressional Budget Office to add nearly $4 trillion to the federal deficit—includes sweeping tax cuts and increased military spending. It passed the House by a single vote after last-minute revisions, including expanded deductions for state and local taxes, aimed at swaying conservative lawmakers. The bill now heads to the Senate.…

Bitcoin rips all time high, derivatives traders not euphoric: Deep dive

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Bitcoin rallied past its previous all-time high in the USD and USDT markets on Wednesday and extended gains on Thursday, climbing to a peak of $111,880. Bitcoin’s breakout failed to usher euphoria among traders and the reaction on derivatives traders was muted, relative to previous BTC price rallies.  Ethereum (ETH) struggles to attract institutional inflows even as ETH rallies alongside Bitcoin (BTC) in its price discovery. Altcoins in the top 50 cryptocurrencies ranked by market capitalization are in the green, rallying in the last 24 hours.  Bitcoin derivatives analysis  Analysts…

Strategy stock continues to stall despite Bitcoin’s surge to record high

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Bitcoin price surged to a record high this week, supported by rising institutional demand and falling supply on exchanges and over-the-counter markets. Bitcoin (BTC) was trading at around $111,500 Thursday afternoon, up 4.2% over the past 24 hours. Despite Bitcoin’s strength, the rally is not lifting Strategy stock. MSTR was trading flat for the day at around $403. This performance suggests that the previously strong correlation between Bitcoin and MSTR has broken. There are two main reasons for this divergence. First, Strategy investors are increasingly concerned about ongoing dilution, as…

Bitcoin Pizza Day rally pushes BTC toward $112,000 — how high is Bitcoin going to go?

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With Bitcoin Pizza Day pushing BTC past $111,000, are we just getting started? How high is Bitcoin going to go from here in price discovery mode? Why is Bitcoin going up? Bitcoin (BTC) reached a new all-time high of $111,861 in early trading on May 22. The date also marks Bitcoin Pizza Day, which commemorates the first real-world purchase made with Bitcoin in 2010, when 10,000 BTC were spent on two pizzas. At today’s price, that amount would be worth over $1.1 billion.  After the intraday peak, BTC pulled back…

Bitcoin’s New All-Time High Pushes Market Value Past Amazon

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Bitcoin’s new all-time high on May 22 briefly pushed its market capitalization above $2.2 trillion, allowing the cryptocurrency to overtake Amazon and drive the total crypto market past Microsoft’s market capitalization of $3.39 trillion. Bitcoin’s 7-Day Gain Approaches 10% On May 22, bitcoin’s market capitalization briefly surpassed the $2.2 trillion mark after the top cryptocurrency […] Original

BNB Rally To All-Time High Grows Strong, But This Crucial Zone Must Hold

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BNB weekly chart is catching attention after market analyst UniChartz noted that the cryptocurrency exhibits strong upward momentum, supported by the crucial technical 50-week Exponential Moving Average (EMA). This moving average has been tested multiple times, but continues to act as solid, dynamic support, preventing deeper pullbacks and maintaining the structure of the current uptrend. Support Flips Bullish: Former Resistance Now Fuels Rally In the post on X, UniChartz emphasized a critical development in BNB’s recent price action. He pointed out that the asset has broken above a long-standing descending…

OKX launches xBTC following new Bitcoin all-time high at $111k

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Major crypto exchange OKX will be launching wrapped Bitcoin asset, xBTC, as well as related yield products. BTC recently broke through a new all-time high, surpassing $111,000. According to the official announcement, xBTC is a wrapped token that is pegged on a 1 to 1 ratio with the largest cryptocurrency by market cap. Users can start simultaneously depositing and withdrawing xBTC on May 22 at 3:00 AM UTC. The product will be initially available on three major chains, including Solana (SOL), Sui (SUI), and Aptos (APT). xBTC is fully managed…

Bitcoin reaches new all-time high above $111K

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During early Asian trading hours on Thursday, May 22, Bitcoin surged more than 4% from its peak of $109,800 on Wednesday to reach a new all-time high of $111,544.  The milestone follows a brief dip to $106,000 and shows growing investor appetite for alternative assets amid rising macroeconomic uncertainty. The immediate catalyst appears to be the weak demand in the U.S. Treasury’s $16 billion 20-year bond auction on May 21.  Investors pushed for lower prices, which in turn drove bond yields above 5.1%. In bond markets, yields and prices move…

Bitcoin All-Time High Propels It Past Amazon, Google To 5th Place Among Global Assets

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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. On May 21, Bitcoin (BTC) achieved a remarkable milestone, reaching a new all-time high (ATH) near the $110,000 mark. This surge was fueled by significant buying pressure, elevating Bitcoin’s market capitalization to over $2.1 trillion.  As…