BTC

In the past few weeks, following a series of corrections, Bitcoin and the broader crypto market have experienced a significant surge from the lower prices of 2024.  The momentum picked up notably on Friday after Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, announced a shift in policy, hinting at a potential interest rate cut in September. This announcement has fueled optimism among investors, leading to increased market activity.  Additionally, valuable data from Glassnode reveals…

Yesterday, Bitcoin (BTC) spiked over 6% following Federal Reserve Chairman Jerome Powell’s announcement that they are adjusting its policy and hinting at a potential 25bps rate cut at the next meeting on September 18. This unexpected news has fueled Bitcoin’s recent volatility, with prices swinging unpredictably in the past weeks.  Crucial on-chain data from CryptoQuant is providing a glimmer of optimism. According to the data, traders are positioning for further price appreciation. As the market digests the Fed’s new stance,…

The post Bitcoin (BTC) Price Skyrocket To $64K as RFK Jr. Backs Trump & Exit From U.S. Election appeared first on Coinpedia Fintech News On Friday, the crypto market saw a significant rise after two major events, firstly Robert F. Kennedy Jr. announced he would drop out of the 2024 U.S. presidential race and endorse former President Donald Trump, and Federal Reserve Chair Jerome Powell hinted at possible rate cuts soon.  These announcements led to Bitcoin (BTC) jumping 5.5% in…

The rejection of lower prices after the climactic drop in early August assuaged trades. Despite the welcomed recovery, Bitcoin bulls are yet to build on the momentum and break above the local resistance levels. Even so, traders are optimistic, expecting buyers to take charge and resume the uptrend set in motion in Q1 2024. In their forecasts, more analysts think any breakout above $72,000 and July highs could spark a wave of demand that may see Bitcoin record fresh all-time…

Bitcoin’s (BTC) price rose above $62,000 after Fed Chair Jerome Powell hinted at interest rate cuts on Friday. The chair mentioned this in his Jackson Hole Speech, leading the coin to jump in less than an hour. But will Bitcoin continue to climb? This on-chain analysis reveals the possibility.  This is a developing story… The post Bitcoin (BTC) Price Surpasses $62,000 as Fed’s Powell Suggests Rate Cuts in Jackson Hole Speech appeared first on BeInCrypto.

The market is facing severe volatility as the two main assets, Bitcoin (BTC) and Ethereum (ETH), are in crucial accumulation phases. However, Bitcoin has performed better over the past ten days, standing out amid the fluctuations.  The ETH/BTC chart reveals this shift. At the time of writing, Ethereum’s price in Bitcoin terms was 0.043, its lowest since April 2021. This highlights Bitcoin’s dominance in the current market environment. As prices move and investors seek an edge, critical data reveals a…

Bitcoin, although starting the year with a bang has now been quiet so far in terms of performance, especially following its peak back in March. Despite the halving in April of this year, Bitcoin has experienced modest gains compared to the excitement of previous years. According to Ecoinmetrics, a platform known for providing insights into the cryptocurrency market, Bitcoin is up more than 30% year-to-date. In comparison, NASDAQ gained around 20% over the same period. Bitcoin And NASDAQ: The Tightening…

Bitcoin (BTC) has held firm above $60,000, although its price has not seen much movement. The asset is trading around the $60,700 price level. The crypto market cap currently stands at $2.15 trillion, an increase of 0.72% over the past 24 hours.  While BTC has gained around 21% since dipping below $50,000 on August 5, it has struggled to stay above $60,000. BTC’s sluggishness could be blamed on investors looking to balance risk, who have pivoted to bonds and stocks…

Bitcoin (BTC) has been gathering some momentum in the crypto sphere lately, crossing the $60,000 mark against multiple analysts’ signals. The world’s leading cryptocurrency has been on a wild ride, with its price fluctuations going haywire during the past few weeks. Bullish Factors Driving Bitcoin Price One major driver behind the recent price surge in Bitcoin is the understanding that a spot Bitcoin ETF is likely to be approved by the SEC. With immense anticipation of such a decision from…