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Analysts say Bitcoin’s recent weekend pump to $95,000 is eerily similar to the “Xi pump” in 2019. Bitcoin’s weekly chart was on track to close below $90,000 for the first time since November 2024, but a late surge pushed prices higher following US President Donald Trump’s announcement of a crypto strategic reserve. Bitcoin weekly chart….
Whale accumulation and Trump’s crypto reserve announcement are the positive factors pushing ETH prices up today. Ether (ETH) jumped 7% in 24 hours to around $2,350 on March 3, briefly topping $2,550 before profit-taking. Despite the rebound, it remains up 13% from its $2,075 low last week. ETH/USD four-hour price chart. Source: TradingView Multiple catalysts…
XRP, ADA and SOL rallied after President Trump’s post about a crypto strategic reserve. Will other altcoins latch on and rally too? Bitcoin (BTC) witnessed solid buying over the weekend as US President Donald Trump announced that Bitcoin, Ether (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA) would be included in a crypto strategic reserve….
Bitcoin price gains top 8% as a surprise from US President Trump sends crypto market valuations flying higher. Bitcoin (BTC) neared $93,000 on Mar. 2 as US President Donald Trump doubled down on a strategic crypto reserve. BTC/USD 1-day chart. Source: Cointelegraph/TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 8% in rare…
Ethereum price has yet to recover from its 20% correction, but investors’ choice to pivot away from memecoins and Solana could be ETH’s saving grace. Ether (ETH) price stabilized near $2,300 after a sharp 20% drop over three days, hitting a low of $2,255. This decline shook market sentiment, as Ether hadn’t traded at these…
Bitcoin may remain under pressure for a few days, but a collapse is unlikely as traders are expected to buy the dips in anticipation of a spot Bitcoin ETF. <p>The S&P 500 Index (SPX) rose 2.49% last week, extending its string of weekly gains to seven weeks, the <a rel=”nofollow noopener” target=”_blank” href=”https://www.cnbc.com/2023/12/17/stock-futures-are-little-changed-after-major-averages-rally-for-seven-consecutive-weeks-live-updates.html”>longest</a> such winning…
Bitcoin miners are the main beneficiaries of current sky-high transaction fees, data shows, but many longtime market participants have little time for complaints. <p>Bitcoin (BTC) on-chain transaction fees are dividing opinion as the cost of sending BTC skyrockets. Data from statistics resource BitInfoCharts puts the average transaction fee at nearly $40 as of Dec. 17….
Bitcoin stands to enjoy further relief if its standard relationship to DXY weakness holds firm, as the dollar shrinks on Fed “pivot” bets. <p>Bitcoin (BTC) may enjoy a familiar tailwind in the coming weeks and even beyond if new macro forces continue to play out. In a post on X (formerly Twitter) on Dec. 14,…
Institutional investor interest soars as Bitcoin options open interest hits record high. <p>Bitcoin (BTC) options open interest reached an unprecedented milestone, surging to a staggering $20.5 billion on Dec. 7. This remarkable achievement signifies the active involvement of institutional investors in the cryptocurrency space. Unlike futures contracts, BTC options come with predetermined expiration prices, offering…
BTC price encounters classic resistance as sellers refuse to let Bitcoin crack through its November ceiling. Bitcoin (BTC) shrank back from resistance after the Nov. 29 Wall Street open as United States GDP figures beat expectations. BTC/USD 1-hour chart. Source: TradingView GDP sets tone for macro-sensitive crypto Data from Cointelegraph Markets Pro and TradingView followed…