Bitcoin surges to fresh record high above $73,000 post US CPI data

Bitcoin surges to fresh record high above $73,000 post US CPI data

Bitcoin hit a new all-time high on Wednesday, surpassing the $73,000 mark as investors mostly shrugged off slightly hotter-than-expected U.S. inflation, betting it won’t derail interest rate cuts expected by the middle of the year. In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 … Read more

Bitcoin retreats to one-month low as ETF-led enthusiasm wanes

Bitcoin retreats to one-month low as ETF-led enthusiasm wanes

Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024. The largest digital asset briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, … Read more

Crypto altcoins are outperforming with Bitcoin ‘gravitating’ toward $50,000

Crypto altcoins are outperforming with Bitcoin ‘gravitating’ toward $50,000

Smaller, lesser-known digital currencies are outperforming Bitcoin after the breathtaking surge by the market bellwether in recent weeks. Cardano surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about … Read more

Bitcoin brings $40,000 into view after more than doubling in a chaotic year

Bitcoin brings $40,000 into view after more than doubling in a chaotic year

Bitcoin’s chances of hitting $40,000 are top of mind for crypto speculators as they head into the final stretch of a year during which the largest digital asset more than doubled in price. The token has rebounded about 130% over the past 11 months from 2022’s crypto rout, outstripping investments like stocks or gold. Hopes … Read more

Crypto Price Today: Bitcoin falls below $37,400; Solana, Polygon shed up to 3%

Crypto Price Today: Bitcoin falls below $37,400; Solana, Polygon shed up to 3%

The major crypto tokens were trading in the red on Monday, dragged by the losses in Bitcoin and Ethereum. Meanwhile, the global cryptocurrency market cap declined 1.26% to around $1.42 trillion in the last 24 hours. At 9.45 a.m., BTC was trading 1.05% lower at $37,321, while the second most popular token, Ethereum, was down … Read more

Bitcoin’s grip on crypto eases after climb in smaller tokens like XRP

Bitcoin’s grip on crypto eases after climb in smaller tokens like XRP

Speculative crypto demand is widening beyond Bitcoin’s revival. Gauges tracking the bottom half and 30 mid-tier tokens in MarketVector’s index of the largest 100 digital assets are up 16% and 14% respectively so far in November — exceeding the wider measure’s 4% gain and a 1% rise in Bitcoin. As a result, Bitcoin’s share of … Read more

Bitcoin’s correlation to Big Tech near lowest since 2021

Bitcoin’s correlation to Big Tech near lowest since 2021

Bitcoin has been moving less in tandem with tech stocks as sentiment around equities and cryptocurrencies diverges. The world’s largest cryptocurrency has been stuck below the $27,000 level this week, while the tech-heavy Nasdaq 100 has climbed 3.5%. The 40-day correlation coefficient for Bitcoin and the tech gauge slid to 0.19 on Friday, the lowest … Read more

Bitcoin resurgence brings back old phenomenon of wild weekends

Bitcoin resurgence brings back old phenomenon of wild weekends

Amid this year’s rally, Bitcoin has resumed one of its old habits: it’s back to posting big moves on weekends, a phenomenon that’s become an intriguing characteristic of the cryptocurrency market. Take last Sunday, when it gained 3.4%, a similar amount to what it notched the Saturday on the weekend prior. And the Saturday before … Read more

Crypto Price Today Live: Bitcoin holds above $20,000; Polygon & Ethereum rise up to 5%

Crypto Price Today Live: Bitcoin holds above $20,000; Polygon & Ethereum rise up to 5%

New Delhi: Crypto tokens were trading higher on Friday, with Bitcoin holding above the key psychological level of $20,000. The asset class seems increasingly likely to remain in the same price rut until the release of inflation numbers later this month and Federal Reserve’s meeting outcome, said analysts. Barring Tron and US dollar-pegged Tether, all … Read more

Crypto Price Today Live: Bitcoin holds $20,000; other altcoins fall up to 4%

Crypto Price Today Live: Bitcoin holds $20,000; other altcoins fall up to 4%

New Delhi: Crypto tokens were trading lower on Thursday but Bitcoin held above the $20,000 threshold. The inflation worries and hawkish monetary policy comments dented the sentiments for the digital asset class. Crypto looks bearish for now and there is limited hope for any sharp revival. However, all eyes are set on the much-awaited software … Read more