Sun, November 24

Bitcoin Surges Amidst Market Rally, Short Liquidation Crosses $100M

On the last day, when the price of Bitcoin rose, crypto derivatives traders who had bet on a decline in the market were liquidated for almost $100 million. Following a range-bound weekend, Bitcoin reached $66,000 today, gaining 5.73% on the previous day. Bitcoin’s price returned to levels not seen since

October 14, 2024 1 min read

Will Bitcoin Bulls Take Charge as BTC Targets New Resistance?

The cryptocurrency market is attempting to recover from the downside trajectory. Overall market cap has reached $2.24 trillion within the past 24 hours. The recent price momentum of Bitcoin (BTC) suggests the brief possibility of further gains. After dipping below the major support levels, BTC has moderately rebounded in the

October 14, 2024 2 mins read

US Bitcoin ETFs See $253M Inflows on October 11, Ending 3-Day Streak

US spot Bitcoin exchange-traded funds had net inflows of $253.6 million on October 11, after a string of three trading days in which they had seen withdrawals. Farside Investors data reveals that the top two bitcoin funds in terms of net inflow were the Fidelity Wise Origin Bitcoin Fund with

October 12, 2024 2 mins read

Will Bitcoin Break Through $65K After Its Recent Surge?

The global cryptocurrency market saw a notable rebound early Saturday during Asian trading hours, recovering from previous lows with the total market cap rising approximately 2.92%. This surge was largely driven by Bitcoin (BTC), which displayed an uptick of 4.71%. In the last 24 hours, BTC’s price fluctuated from a

October 12, 2024 2 mins read

MicroStrategy’s Michael Saylor Unveils Ambition for Largest Bitcoin Bank

The founder and executive chairman of MicroStrategy, Michael Saylor, recently shared his bold plans for the future of the firm in an interview. He has lofty ambitions of making this company the largest Bitcoin bank. The price of Bitcoin might be influenced by this, which could be a factor of

October 11, 2024 2 mins read

Can Bitcoin Break Through the $62,000 Resistance Level?

The Bitcoin (BTC) price continued to dip, reaching as low as $58,895 before making an attempt to recover. At the time of writing, BTC is trading at $61,317 with a market cap of $1.21 trillion. The intraday high reached $61,437, but Bitcoin is finding it difficult to push above the

October 11, 2024 2 mins read

Is Bitcoin (BTC) Price Facing a Persistent Downward Pressure?

While the world mourns the passing of tech giant Ratan Tata, cryptocurrency prices fell in the last 24 hours. The community also received news about the US FBI’s creation of a new token to entrap suspects involved in market manipulation. Meanwhile, the largest cryptocurrency has yet again initiated a bearish

October 10, 2024 2 mins read

Bitcoin (BTC) Slides Under the Bearish Cloud at $62K

Bitcoin (BTC) is currently hovering at $62K, showing brief signals of recovery from the steady plunge. Over the past few days, the largest asset has defied all bullish market predictions by extending its bearish rally to date.  BTC touched a high of the $66.3K mark in late September, ascending from

October 9, 2024 2 mins read

Bitcoin Faces Downward Pressure After Hitting $64K

The price of Bitcoin (BTC) fell nearly 2% over the last 24 hours, after reaching a peak of $64,443 on October 7. At the time of writing, Bitcoin is priced at $62,438, 3.76% down from its earlier high. The cryptocurrency briefly dipped to an intraday low of $62,152, even as

October 8, 2024 2 mins read

National Bank of Bahrain (NBB) Unveils Bitcoin Investment Fund

The first Bitcoin-linked Structured investment in the Gulf Cooperation Council (GCC) has been launched by the National Bank of Bahrain (NBB) in partnership with APR Digital. The flagship cryptocurrency will be available to approved investors via this fund. At the same time, this is fantastic news for Bitcoin’s acceptance in

October 7, 2024 2 mins read