bitcoin price – Page 56 – BitcoTasks BLOG

Bitcoin Tumbles on Hot CPI Data, But This Analyst Stays Ultra Bullish: Here’s Why

April 11, 2024

The better-than-expected United States Consumer Price Index (CPI) released on April 10 is already sending shock waves through the financial market. Bitcoin and most crypto assets are trading lower, extending losses recorded on April 9, weighing negatively against optimists. United States CPI Data Came In Hot According to Trading Economics data on April 10, CPI,…

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Is The Bull Run Nearing its End? Marathon CEO Asserts Bitcoin ‘Halving’ Rally Already Priced In

April 10, 2024

Bitcoin News

In anticipation of the upcoming Bitcoin Halving event, which is expected to occur later this month, Marathon Digital CEO Fred Thiel believes that the price impact may already be factored into the market to a certain extent. Thiel shared his insights in a recent interview with Bloomberg, in which he discussed the potential catalysts for…

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Analyst Says Bitcoin Halving Influence Is No Longer Driving Price, Here’s What Is

April 10, 2024

Bitcoin

Analysts from CryptoQuant have revealed that the influence of the 2024 Bitcoin halving on the price of BTC has notably diminished. According to the crypto analytics firm, the highly anticipated halving event is no longer the key driver for a bullish momentum in BTC. Bitcoin Halving Effects On Prices Is Fading CryptoQuant wrote in a…

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Here Are The Drivers Behind The Bitcoin Price Crash To $68,000

April 10, 2024

Bitcoin

Bitcoin has again experienced a price decline since briefly climbing above the $72,000 mark on April 8. This price dip is believed to be due to a couple of factors, which no doubt present a bearish outlook for the flagship crypto. Inflation Data Expected To Come In Hot The March Consumer Price Index (CPI) data…

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Bitcoin Stays Sub $70,000 As Hong Kong Readies April-End ETF Launch

April 10, 2024

Bitcoin

The Bitcoin price has seen a notable fluctuation, briefly surpassing $72,500 on Monday before dipping below the $70,000 threshold on Tuesday. This movement can be attributed to a risk-off sentiment among investors, largely in anticipation of the latest US Consumer Price Index (CPI) figures today. Following a low of $68,200 on Tuesday, Bitcoin managed a…

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Bitcoin Price Fails Again, Is This A Fresh Bearish Signal?

April 10, 2024

Btc

Bitcoin price failed to settle above the $72,000 resistance. BTC corrected gains and now moving lower toward the $67,500 support zone. Bitcoin struggled to clear the $72,000 and $72,500 resistance levels. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break below a major bullish trend line with…

Bitcoin Price Fails Again, Is This A Fresh Bearish Signal? Read More »

Ethena’s (ENA) Crucial Role In Bitcoin Bull Market: Expert Identifies Critical Factors For Sustainable Growth

April 10, 2024

Bitcoin News

The recent volatility in the Bitcoin (BTC) price and its struggle to consolidate above the $70,000 mark has raised questions about the sustainability of its ongoing bull run. However, market expert Charles Edwards, co-founder of Capriole Invest, believes that the decentralized finance (DeFi) protocol Ethena Labs (ENA) could significantly extend and boost Bitcoin’s bull market…

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Bitcoin To $150,000 Is “Programmed” With Halving Approaching: Analyst

April 9, 2024

Bitcoin News

With Bitcoin ripping higher and closing in on breaking all-time highs, one analyst on X thinks $150,000 post-halving is “programmed.” The analyst remains upbeat in a post, highlighting several fundamental developments that could drive the world’s most valuable coin to new valuation and more than 2X from spot rates. Currently, the path of least resistance remains northward.…

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Crypto Founder Warns Of Burgeoning Bitcoin Fire Sale, Here’s What It Means

April 9, 2024

Bitcoin

BitMEX has released another blog post, predicting a major fire sale and a potential price decline for Bitcoin, the world’s largest cryptocurrency. Bitcoin Fire Sale Imminent In his affect the price of the cryptocurrency. The Bitcoin halving is an occurrence that takes place every four years which reduces Bitcoin miner block rewards by half. This,…

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Bitcoin Q1 Performance Digest: 70% Price Surge, Inflows Into ETFs, And Expansion Of Layer TVL Revealed

April 9, 2024

Bitcoin News

Bitcoin (BTC) has shown an impressive performance in the first quarter (Q1) of 2024, as highlighted in a recent report by market intelligence data research firm Messari. The research firm finds key factors contributing to Bitcoin’s price increase, market cap dominance, and the emergence of new trends in the cryptocurrency ecosystem. Inscription Activities Drive Bitcoin…

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Bitcoin Price Resumes Upside, Why BTC Could Soon Hit New ATH

April 9, 2024

Btc

Bitcoin price is moving higher above the $71,200 resistance. BTC is showing positive signs and might soon extend gains above $72,500. Bitcoin climbed higher above $69,500 and $70,000 resistance levels. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $70,750…

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