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The Bitcoin price edged up a fraction of a percent in the last 24 hours to trade at $91,919 as of 11:22 a.m. EST on trading volume that dropped 2% to $75 billion. This comes as president-elect Donald Trump announced the nomination of Howard Lutnick, CEO of Wall Street giant Cantor Fitzgerald, as the next Secretary of Commerce. Lutnick has expressed strong support for Bitcoin, describing it as a transformative asset that could reshape the global financial system. The BTC price earlier surged to a new all-time high of $94,022. Bitcoin Price May Still Soar To A New High The Bitcoin price has strongly broken out of a bullish reversal pattern (Head and Shoulders) above the neckline at $65,100, confirmed by increasing volume and sustained movement above key moving averages. The steep rally after the breakout and higher highs indicate the continuation of an uptrend, according to data from GeckoTerminal .  After the breakout rally, a smaller rising channel is developing at the curr...

The Bitcoin price surged 2% in the last 24 hours to trade at $72,146 as of 04:24 a.m. EST on trading volume that surged 10% to $52.16 billion. This comes as the BTC price hit a high of $73,577 on Oct. 29, just shy of the all-time high price of $73,750 recorded in March this year. Bitcoin is up 111.8% in the past year, after starting 2024 in the $42K range, according to CoinGecko . This comes as US spot BTC ETFs (exchange-traded funds) saw over $870 million in net inflows on Tuesday, the third highest since launch, with BlackRock’s IBIT leading the way with a $629 million influx. Bitcoin Price Bulls Aim To Sustain The Bullish Stance The Bitcoin price is trending within an upward channel marked by two orange lines. This channel, starting around August, represents a bullish trend with higher highs and higher lows, indicating growing buying pressure. BTC/USD Analysis on the 1-day chart is trading near the top of this channel at around $71,000, which is a resistance level...

Despite cryptocurrency investors’ high hopes in the weeks leading up to October, the start of the month – historically notable for the strong performance of digital assets – Bitcoin (BTC) has been trading lower at the beginning of the month. Indeed, after seemingly breaking the trend of lower highs followed by lower lows – an event that hinted at a possible rally toward $70,000 BTC experienced a sharp price crash on October 2. However, it recovered to $64,197 thanks to a strong rally on the morning of October 7. To be precise, the world’s premier cryptocurrency dropped from over $64,000 to just under $61,000 as Iran unleashed one of the biggest missile attacks against Israel in retaliation for a string of assassinations carried out against the country’s allies and officers. Picks for you Banking giant sets new recession pr...

Amid a slow period for the price performance of Bitcoin (BTC), which has been struggling to pull itself above the psychologically critical level of $60,000, cryptocurrency analyst Ali Martinez believes it might happen very soon, placing the next target for the maiden crypto asset at $64,000. Specifically, Martinez has noticed similarities in price movements between Toncoin (TON), the native token of decentralized layer-1 blockchain The Open Network, and Bitcoin, with the former possibly “leading the way” for the latter, according to his X post on August 14. Toncoin vs. Bitcoin price performance. Source: Ali Martinez Indeed, Bitcoin’s current price performance remarkably mimics that of TON, which is currently changing hands at the price of $6.63, down 6.88% in the last 24 hours, but still recording an increase of 6.89% on its weekly chart, reducing its monthly losses to 10.85%. Picks for you ...

The Bitcoin price dropped 4% in the last 24 hours to trade at $58,348 as of 03:34 a.m. EST on trading volume that surged 87% to $27 billion. This comes as Justin Sun’s WBTC custody move sparks controversy in crypto after his partnership with BitGo. The partnership has prompted the community to prompt decentralization concerns. However, Sun has clarified that he does not control the private keys of WBTC reserves. He emphasizes his commitment to promoting decentralization and security in the DeFi ecosystem. Recently, I've heard that the community has some concerns about my involvement in various projects, including WBTC. I would like to clarify the following points: There have been no changes to WBTC compared to before. The audits are conducted in real-time and can be accessed via… — H.E. Justin Sun 孙宇晨 (@justinsuntron) August 10, 2024 As concerns prevailed, the price of Bitcoin dropped below $58K to trade at $57,963 before rebounding to it...

Bitcoin is bouncing back, and despite the risk of a pre-halving dip, BTC price action is on track for upside, Filbfilb says. Bitcoin (BTC) remains on track to near $50,000 around next year’s block subsidy halving event, longtime analyst Filbfilb says. In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader shares his current thoughts on BTC price action. Filbfilb: Bitcoin has given "strong indicator" of bear market breakout Bitcoin has well and truly cemented its exit from a sub-$30,000 trading range, which characterized the market for much of 2023, Filbfilb believes. Having overcome a multitude of resistance levels, the question for Bitcoin bulls now is how price action will turn out into the halving. Due in April 2024, less than five months remains until the event, and Filbfilb argues that a “ reasonable ” bullish target could lie at just below the $50,000 mark. This echoes assumptions from his previous interview in early September, when ...

The momentary opening of the frozen bridge raised suspicion of it being an insider job as the trader in question was the only beneficiary. A wallet address turned nearly 1.9 million FTM worth $280,000 to $1.9 million within hours of exploit ing the long-frozen Multichain Bridge opening momentarily, leading to insider job speculations among the crypto community . The Multichain Bridge, frozen since its exploit in July 2023, opened momentarily and closed again on Nov. 1. The wallet seized the opportunity of the momentarily opened bridge to make millions of dollars in profits. looks like someone was able to drain ~$1MM from @MultichainOrg in the last ~3 hours even though it's supposed to be frozen withdrew 1.2MM $FTM from binance on @FantomFDN traded for multichain WBTC/ETH/USDT bridged out and deposited back to binancehttps://t.co/pP5GluGUH1 pic.twitter.com/AbUJVQBmds — devops199fan ⌐◨-◨ (@devops199fan) November 1, 2023 Several depegged assets, such as WBTC, cost less on ...

Bitcoin faces 2023 resistance levels next after the weekly close sees a 3% BTC price push. Bitcoin (BTC) hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls face crunch BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp. The largest cryptocurrency saw its first weekly close above $30,000 since the summer, going on to tackle levels closer to key long-term resistance. This included the 2023 high, currently at $31,800. “Bitcoin is back at key resistance for the third time in 6 months,” popular trader Jelle responded in one of the day’s X posts. “Time to be cautious, but I don't think you want to be bearish here just because we're reaching resistance. The level will eventually give in -- and the move will be explosive. Tick... Tock…” BTC/USD annotated chart. Source: Jelle/X Analyst Matthew Hyland...

Bitcoin is being treated with suspicion on short timeframes, with repeated pushes into resistance met with rejection. Bitcoin (BTC) eased volatility into Oct. 6 as BTC price downside preparations returned. BTC/USD 1-hour chart. Source: TradingView Bitcoin keeps liquidations limited amid long, sh "squeeze" Data from Cointelegraph Markets Pro and TradingView covered a flatter 24 hours for BTC/USD after a failed retest of $28,000. After lingering in a narrow range around 1.5% lower, the largest cryptocurrency was again pushing toward the $28,000 mark ahead of the Wall Street open, yet fielded fresh concerns from market participants over potential losses to come. $BTC / $USD - Update I remain just in my long from $26,000 for now, but will be closing that and entering a short if we lose $27,200 support below us. Alerts are set and i am on standby pic.twitter.com/mcS9Zcp5zN — Crypto Tony (@CryptoTony__) October 6, 2023 Popular trader Daan Crypto Trades eyed an ongoing tussle be...

Bitcoin spiking above $27,200 amid a big jump in open interest has some analysts asking whether BTC price is being manipulated. Bitcoin's (BTC) open interest on derivatives exchanges experienced a sudden surge of $1 billion on Sep. 18, prompting investors to question whether whales were accumulating in anticipation of the unsealing of Binance's court filings. However, a closer look at derivatives metrics suggests a more nuanced picture, as the funding rate did not exhibit clear signs of excessive buying demand. The decision to unseal these documents was granted to the U.S. Securities and Exchange Commission (SEC), which had accused Binance of non-cooperation despite previously agreeing to a consent order related to unregistered securities operations and other allegations. BTC futures aggregate open interest, USD (green, left). Source: CoinGlass The open interest spiked to $12.1 billion while Bitcoin's price concurrently increased by 3.4%, the highest point in over two w...

  Bitcoin price is holding the key USD 20,000 support. Ethereum is facing resistance near USD 1,250, XRP is consolidating near USD 0.35. APE and BTT are the two best performers today. After declining below the USD 21,000 level, BTC stayed above the USD 20,500 support zone and managed to surpass USD 21,000 again. It is currently (11:47 UTC) trading in a range near USD 21,000 and is down almost 2% in a day and up 2% in a week. Similarly, most major altcoins are stuck above key supports. ETH is back above USD 1,200 but faces hurdles near USD 1,250. XRP is now trading just below the USD 0.35 pivot level. ADA is still at a risk of more losses unless it reclaims USD 0.50. Total market capitalization Source: tradingview.com Bitcoin price After another downside correction, bitcoin price traded below the USD 20,800 level. BTC even tested the USD 20,500 zone, where the bulls took a stand. On the upside, the price is facing resistance near the USD 21,200 zone. The next ma...