Bitcoin whales mimic traditional bull market movements while the price of BTC $72,00

As a Coinbase-caused decline in BTC price doesn’t last long enough to hold onto bulls, Bitcoin sets a good tone for the US holiday weekend.

During the previous Wall Street open of the week, Bitcoin attempted to reach higher levels as bulls resisted giving in to market anxiety.

Prices of BTC set up a resistance retest

Cointelegraph Markets Pro and TradingView data showed that the price of bitcoin continued to rise, surpassing $71,000.

The previous day was marked by flash volatility as Bitcoin dropped below the crucial $69,000 support level due to a legal dispute between US exchange Coinbase and SEC regulator.

The downturn was short-lived, though, as buyers entered the market to support a continuing effort to grab liquidity close to all-time highs.

Popular trader Skew issued a warning that manipulative liquidity maneuvers could lead to fakeout pricing behavior that day. These included new bid support ranging from $70,200 to $70,600, all of which were later taken off the Binance order book.

Cryptocurrency Price Today: Bitcoin briefly exceeds $57,000 for the first time since 2021

Quick analysis of cryptocurrency prices on February 27: The worldwide market capitalization increased to a record $2.14 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, rose above $55,000 for the first time since November 2021. It briefly surpassed $57,000 before settling down below. It is widely assumed that the latest increase is the result of rising investor confidence in BTC exchange-traded funds (ETF). Other major coins, like as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), performed well across the board. Memecoin PEPE was the largest gainer of all, with a 24-hour increase of more than 51%. Worldcoin (WLD) was the biggest loser, dropping roughly 14 percent in 24 hours.

At the time of writing, the worldwide crypto market capitalization was $2.14 trillion, representing a 7.36 percent gain over the previous day.

Bitcoin (BTC) Price Today

According to CoinMarketCap, the bitcoin price was $55,951.66, representing an 8.32 percent increase in the previous 24 hours.

Ethereum (ETH) Price Today

At the time of writing, the price of ETH was $3,227.85, representing a 3.95 percent gain over the previous 24 hours.

Dogecoin (DOGE) Price Today

According to CoinMarketCap data, DOGE increased by 4.74 percent in the last 24 hours and is now trading at $0.08966.

Litecoin (LTC) Price Today

Litecoin rose 6.80 percent in 24 hours. At the time of writing, it was trading at $74.79.

Ripple (XRP) Price Today

The XRP price was $0.5549, representing a 2.67 percent increase in the last 24 hours.

Solana (SOL) Price Today

Solana was trading at $110.48, up 6.68 percent in 24 hours.

Crypto Price on February 16: Crypto market capitalization surpasses $2 trillion as Bitcoin soars past $52,000

The world’s two biggest cryptocurrency tokens, Ethereum and Bitcoin, increased by more than 6% on Friday, sparking a significant rise in the market. The value of the world’s cryptocurrency market, however, increased by 5% in the previous day to approximately $2.04 trillion.

Ethereum was up 6.6% at $2,796 while Bitcoin was up 6% at $52,318.

Bitcoin’s $1 trillion market capitalization was recovered. The largest token in the world based on market capitalization has increased almost 135% in the past year, and it hasn’t been so high since December 2021.

After 26 months, Bitcoin’s market capitalization of $1 trillion was regained, indicating possibility for more growth. Due to U.S. inflation figures, Bitcoin experienced a temporary decline below $50,000 on Tuesday; however, it quickly recovered.

Bullish sentiment is still present, with a target price of $75,000, driven by significant inflows into spot BTC ETFs listed in the United States, such as BlackRock’s IBIT. Experts predict that Bitcoin will continue to rise, citing $46,000 as a crucial support level while warning against a possible stall in the market’s momentum.

With prices for Ethereum and Bitcoin reaching their highest points of the year, the cryptocurrency sector is still growing. Increased investments in Bitcoin spot ETFs and optimism around the impending halving event are the main drivers of this growth.

According to analysts, the increase in the price of bitcoin has improved investor attitude toward other coins including Solana, BNB, XRP, Dogecoin, and Cardano. Shiba Inu and Polygon have also seen a decrease in inflows.

7.53% of the 24-hour volume of the cryptocurrency market is now represented by the $7.14 billion total volume in DeFi. According to data available on CoinMarketCap, the total amount of stablecoins is currently $86.34 billion, or 91.1% of the entire 24-hour volume of the cryptocurrency market.

Currently, 52.58% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 28.4% to $43.5 billion in the last day.

With its next resistance target at $55,000, Bitcoin, which is currently trading over $52,000, is still in a bullish position. But since the RSI for Bitcoin is in overbought zone, a slight decline is expected before the weekend in order to clear out long positions in the market.

With inflows into ETFs, Bitcoin is aiming for its longest winning streak in a year

Thanks in part to the historic launch of US exchange-traded funds for the currency, Bitcoin is on the verge of a profitable run not seen since the beginning of the year.

As of 9:50 a.m. on Monday in Singapore, the digital asset increased by around 1% to $48,436. If the advance continues, it would be the longest daily gain streak since January 2023. Bloomberg’s data supports this theory.

Nine fresh positions Since they started trading in the US on January 11, bitcoin funds have drawn in over $9 billion in capital from investors. According to assets amassed after a month on the market, two of the offerings—from BlackRock Inc. and Fidelity Investments—rank as the most successful ETF launches, according to a report written by Bloomberg Intelligence analysts Eric Balchunas and James Seyffart.

According to Caroline Bowler, CEO of cryptocurrency platform BTC Markets Pty, there are signs of a “growing inflow of institutional capital into the asset class” on Bloomberg Television.

On the same day that the new funds went live, the largest portfolio devoted to the token, the more than ten-year-old Grayscale Bitcoin Trust, turned into an ETF. The Grayscale vehicle’s more than $6 billion outflow has decreased. A net $2.8 billion has been drawn to the batch of 10 ETFs.

Last year, excitement about the ETFs spurred a comeback for Bitcoin, which momentarily surged beyond $49,000 on the day it started trading. Then, when investors booked profits and watched to see how the ETFs performed, a multiday, $10,000 selloff occurred. After a further upsurge, $50,000—a number last observed in 2021—has come into view.

Around cryptocurrency, optimism is also growing around the upcoming April quadrennial Bitcoin halving. The amount of Bitcoin that miners receive for running the potent computers that validate transactions on the blockchain is reduced by halves. Due to historical precedence, the occurrence is frequently seen as supporting prices.

Fundstrat Global Advisors noted in a note that, aside from ETF inflows, sentiment toward Bitcoin is “typically positive” during the Lunar New Year celebrations that are presently taking place in Asia.

The record high that Bitcoin reached in 2021, during a pandemic-era bull run fueled by easy money, is still about $20,000.

Cryptocurrency Price Today: As Bitcoin Exceeds $45,000, BTT Emerges as the Leading Gainer

Quick analysis of cryptocurrency prices on February 9: The value of the world market surged to $1.74 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), was able to break past $45,000 early on Friday. Other well-known coins, like as Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Ethereum (ETH), all performed well overall. The token that gained the most over the course of a day was BitTorrent (NEW) (BTT), which had a surge of more than 32%. Jupiter (JUP), on the other hand, dropped more than 9% in a day, making it the greatest loser.

At the time of writing, the value of the entire cryptocurrency market was $1.74 trillion, an increase of 2.30 percent in a day.

Bitcoin (BTC) Price Today

According to CoinMarketCap, the price of bitcoin was $45,925.53, up 3.07 percent in a day.

Ethereum (ETH) Price Today

At the time of writing, the price of ETH was $2,448.18, up 0.71 percent in just 24 hours.

Dogecoin (DOGE) Price Today

According to CoinMarketCap data, DOGE saw a 24-hour increase of 0.45%, with a current price of $0.08046.

Litecoin (LTC) Price Today

Litecoin gained 3.35 percent in a day. It was trading at $71.25 at the time this was written.

Ripple (XRP) Price Today

The price of XRP was $0.5187 after rising 0.95 percent in a day.

Solana (SOL) Price Today

The price of XRP was $0.5187 after rising 0.95 percent in a day.

Crypto Price on February 6: Bitcoin continues to trade above $43,000, but altcoins are mixed

Leading cryptocurrency tokens, including Bitcoin, Ethereum, BNB, and Chainlink, were trading slightly higher on Monday. In the past day, the value of the worldwide cryptocurrency market cap increased by 0.23% to over $1.64 trillion.

Ethereum was up 0.8% at $2,307, while Bitcoin was up 0.5% at $43,037. Other altcoins had increases of up to 6%, including Internet Computer, BNB, Solana, Dogecoin, Tron, Polkadot, Polygon, and Toncoin. In contrast, Litecoin, Avalanche, XRP, Cardano, and Shiba Inu all had declines.

Bitcoin has been in a range, circling the $43,000 mark, which appears to be strengthening as support. The Crypto Fear & Greed Index, which measures investor mood, remained positive throughout the weekend, maintaining a score of 60/100.

The cryptocurrency market saw a slight decline over the weekend. Bitcoin remained inside the $41,000–$45,000 area, indicating some moving average support. A significant rising trend can start after $45,000 is cleared. The halving is one good factor that contributes to the bright outlook for BTC.

With a slight decline, ETH is currently trading between $2,175 and $2,400. Although it’s below important moving averages, recent events like the Dencun upgrade and rumors of the approval of an ETH spot ETF are encouraging.

At $3.95 billion, the overall volume of DeFi represents 11.28% of the 24-hour volume in the entire cryptocurrency market. According to data accessible on CoinMarketCap, the overall amount of stablecoins is currently $30.64 billion, or 87.43% of the entire 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, saw a rise in market capitalization to $845 billion in the past day. Currently, 51.18% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of Bitcoin dropped 25.66% to $15.3 billion in the previous day.

Cryptocurrency Price Today: For A Little While, Bitcoin Drops Below $40,000; SUI Rises to the Top

Quick analysis of cryptocurrency prices on January 23: The value of the world market fell to $1.58 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin (BTC), fell below $40,000 early on Tuesday and as low as $39,474.66 before rising. It is widely anticipated that the US central bank’s next policy meeting will shed some light on how the coin will behave going forward. Other popular coins that performed poorly overall included Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC). With a surge of more than 7% in just one day, the SUI token turned out to be the largest gainer of the group. With a drop of more than 10% in just one day, Astar (ASTR) emerged as the greatest loser.

At the time of writing, the value of the world’s cryptocurrency market was $1.58 trillion, a decrease of 2.42 percent in a day.

Bitcoin (BTC) Price Today

According to CoinMarketCap, the price of bitcoin was $40,108.25, down 2.13 percent in a day.

Ethereum (ETH) Price Today

At the time of writing, the price of ETH was $2,347.37, a decrease of 3.13 percent in just 24 hours.

Dogecoin (DOGE) Price Today

DOGE, which is presently trading at $0.08124, saw a 2.28 percent 24-hour loss, according to CoinMarketCap data.

Litecoin (LTC) Price Today

Litecoin saw a 5.30 percent 24-hour decline. As of writing, its trade price was $68.23.

Ripple (XRP) Price Today

The price of XRP was $0.531, down 1.74 percent in a day.

Solana (SOL) Price Today

The price of Solana was $85.67, a decrease of 3.65% over the previous 24 hours.

Everything You Should Know About The Expected US SEC Approval of Bitcoin Spot ETFs This Week

There are currently 13 proposed spot Bitcoin ETFs under review by the SEC.

There is a lot of excitement among market players because of the frantic attempts of large asset management companies to obtain regulatory clearance to introduce the first spot Bitcoin exchange-traded funds (ETFs) in the US. Prominent organizations like Ark Invest and 21shares, Blackrock, Vaneck, Valkyrie, Bitwise, Invesco, Fidelity, and Wisdomtree have all meticulously updated their files with the US Securities and Exchange Commission (SEC).

Last Friday saw the culmination of this group effort, which was a significant step toward the US Bitcoin ETFs’ first-place realization. The SEC may approve numerous spot Bitcoin ETFs by that crucial date, as there is a notable deadline approaching on January 10th for the proposed spot Bitcoin ETF by Ark Invest and 21shares.

Undisclosed individuals familiar with the filing process told Reuters last week that the SEC might notify issuers as early as Tuesday or Wednesday, indicating that they had permission to debut the following week.

Fee schedules for these potential spot Bitcoin ETFs are also beginning to take shape. Valkyrie has declared rather loudly that it will charge a 0.80% management fee, which is the same as what Ark Invest and 21shares have suggested. In contrast, Fidelity offers a surprisingly low 0.39 percent fee for its Wise Origin Bitcoin Fund in an attempt to beat rivals. In the meanwhile, Invesco offers a six-month waiver along with a 0.59 percent charge on the first $5 billion in assets.

Bitwise and Blackrock disclosed their intentions to seed their Bitcoin ETFs with $200 million and $10 million, respectively, on Friday in their filings. Remarkably, JPMorgan has been named the primary authorized participant for Blackrock’s ETF, even though Jamie Dimon, the CEO of JPMorgan, has consistently taken a negative position.

Concurrently, Coinbase claims to be well-prepared to serve as a custodian for Bitcoin held by possible spot Bitcoin ETF issuers, as the deadline for the SEC to make a decision regarding the approval of a spot Bitcoin ETF draws near.

Blackrock, Ark Invest, Bitwise, Wisdomtree, and Invesco are among the spot Bitcoin ETF applicants that have named the Nasdaq-listed cryptocurrency platform as its preferred Bitcoin custodian. A Coinbase representative told Bloomberg on Friday:

“We’ve worked hard to get approved as an ETF. Our technologies have been developed and put through testing to withstand increases in trade volume, liquidity, and overall system demand.”

The spokesman also verified that Rick Schonberg has taken over as Head of Custodial at Coinbase Global Inc., following Aaron Schnarch’s recent departure.

The SEC is now reviewing 13 proposed spot Bitcoin exchange-traded funds (ETFs). Cathie Wood’s ARK Invest and 21shares’ joint proposal has a January 10 deadline. In the financial community, the general consensus is that the SEC will likely approve several applications by the impending deadline. This is because the regulatory body had instructed spot Bitcoin ETF issuers to submit updated filings by the previous Friday in order to have them taken into account for the early January decisions.

Conclusion

NFTs and cryptocurrency products are unregulated and very dangerous. For any losses resulting from such transactions, there might be no regulatory redress. Cryptocurrency is vulnerable to market risks and is not a form of legal tender. Before making any form of investment, readers are urged to consult an expert and carefully study the offer document(s) and any relevant key literature on the subject. Predictions about the cryptocurrency market are speculative, and readers assume all risk and expense associated with any investments they make.

Crypto Week Ahead: Bitcoin Loses Attraction; Sideways Trading Is Anticipated To Go On

The price of Bitcoin (BTC) reached a high of $43,286.28 during the last seven days.

The world’s most popular cryptocurrency, Bitcoin (BTC), seems to be losing the unusual momentum that propelled it to $43,000 in value and a global market capitalization of over $1.61 trillion just last week. Still, BTC hasn’t fallen below its ~$20,000 lows and, as of this writing, is holding steady over $41,000. However, BTC is anticipated to trade sideways over the next several days as investors’ spending and greed seem to be tapering off.

Readers should be aware that coin prices and the cryptocurrency market as a whole are very erratic before continuing. It is impossible to predict with certainty how cryptocurrencies will perform in the future. The purpose of this article is to assist investors in staying abreast of the most significant events that have already occurred, as well as some noteworthy forthcoming events and current market circumstances. Before taking any calls, investors are recommended to conduct their own research.

Crypto Prices Over The Past Week

On Monday, December 11th, the total market capitalization of cryptocurrencies was $1.58 trillion. The price of ETH was around $2,250, and the price of BTC was approximately $42,500.

The total market capitalization fell to $1.46 trillion a week later.

Check Out Top Crypto Prices Today

With a total volume of $6.98 billion, DeFi accounts for 13.30 percent of the market’s 24-hour volume. With regard to stablecoins, the total volume is $47.06 billion, or 89.65% of the 24-hour market capacity. The total market fear and greed index, according to CoinMarketCap, was at 70 points (out of 100) for “Greed,” down from almost 80 points (Extreme Greed) just one week ago.

The dominance of BTC was 51.87 percent at the time of writing.

Bitcoin reached a high of $43,286.28 on December 14 and a low of $40,556.38 on December 12 over the last seven days.

Conversely, Ethereum reached a low of $2,154.87 on December 13 and a high of $2,329.59 on December 15.

Crypto Events To Note

Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), underlined last week how important it is to regulate cryptocurrencies since they could jeopardise the stability of the financial system. Speaking at a digital currency conference in Seoul, Georgieva emphasised the difficulties involved in the general acceptance of cryptocurrency assets.

Because of the inherent volatility that affects tax collection, she voiced concern that a boom in the adoption of crypto assets might imperil macro-financial stability, undermining the effectiveness of monetary policy transmission, capital flow management strategies, and the sustainability of fiscal policies.

The president of the IMF emphasised the significance of regulatory actions to manage these possible dangers and preserve a stable financial system in light of cryptocurrencies’ expanding influence.

Additionally, Coinbase Global’s request for the introduction of new laws in the digital asset industry was turned down by the US Securities and Exchange Commission (SEC) in a recent development. Following the denial on Friday, the biggest cryptocurrency exchange in the nation filed a lawsuit to overturn the ruling.

The five-member SEC commission decided 3-2 against recommending additional rules. Contrary to Coinbase’s claim, the majority claimed that they do not view the current regulatory environment for the cryptocurrency industry as “unworkable.” Coinbase declared after the judgement that it had filed a petition to have the SEC’s decision reviewed by a court of law.

This development represents the most recent chapter in the conflict that has been raging between the leading U.S. financial regulatory body and the bitcoin industry. The SEC has continuously upheld the belief that a sizable percentage of cryptocurrency tokens are securities and are therefore subject to its regulation. This position has prompted legal action against several cryptocurrency companies, including Coinbase, for purportedly listing and trading tokens that the SEC believes ought to be registered as securities.

Finally, in response to rumours regarding the company’s pursuit of a $50 million investment round, OpenAI CEO Sam Altman reaffirmed his support for the cryptocurrency project Worldcoin.

Building a global financial network and identity is Worldcoin’s main goal. More than 2.6 million people have expressed interest in having their iris scans performed using Worldcoin’s “orb” devices, demonstrating the high level of interest in the effort. Participants get a digital identity and free cryptocurrency in exchange.

Investment bank with a fintech concentration FT Partners hosted a virtual Q&A session where Altman discussed these issues. This meeting was held one week after The Block, a cryptocurrency news outlet, published an article detailing the attempts of Worldcoin’s parent organisation, Tools For Humanity, to raise $50 million from possible investors.

Cryptocurrency Price Today: Bitcoin Market Cap Exceeds $1.60 Trillion, Seeing Massive Gains

Quick analysis of cryptocurrency prices on December 12: A unique achievement, the global market capitalization reached $1.60 trillion.

The world’s oldest and most valuable cryptocurrency, Bitcoin, surged beyond $42,000 for the second time this week, fueled by the US Federal Reserve’s announcement that interest rates will remain constant and its prediction that they may be lowered in 2024. It makes sense that well-known cryptocurrencies, including as Dogecoin, Ethereum, Solana, Ripple, and Litecoin, had consistent increases. The largest gainer was ultimately the BONK token, which increased by more than 26% in a single day. Conversely, Aptos (APT) turned out to be the greatest loser, losing more than 3% in a single day.

At the time of writing, the value of the entire cryptocurrency market was $1.60 trillion, an increase of 4.45 percent in a day.

Bitcoin Price Today

CoinMarketCap shows that the price of bitcoin increased by 4.80% in a day to $42,772.

Ethereum Price Today

At the time of writing, the price of ETH was $2,254.50, indicating a gain of 4.68 percent in just 24 hours.

Dogecoin Price Today

According to CoinMarketCap data, DOGE experienced a 5.10 percent 24-hour gain, with a current price of $0.09578.

Litecoin Price Today

Litecoin gained 2.72 percent in a 24-hour period. It was trading at $72.95, at the time of writing.

Ripple Price Today

The price of XRP was $0.6244 after rising 3.04 percent in a day.

Solana Price Today

The price of Solana was $70.24, up 7.34 percent in a day.