Bitcoin Holding at $47.5K as It Aims for 8-Day Winning Streak

Despite a winning streak of 8 days, Bitcoin holds at $47.5K

Since it began heading higher one week ago, the crypto is up 17% on the day. After falling to as low as $32,000 in late January and retesting that level in late February, Bitcoin (BTC) has been on the rise for all of March, with its recent string of gains pushing the cryptocurrency narrowly into …

An observer reported that Terra is increasingly buying bitcoin.

Cryptocurrency trades over $44,000 amid rumors of a BTC purchase by Fundación Terra

According to one observer, Terra is becoming a regular buyer of bitcoin. Bitcoin (BTC) is still gaining ground, despite unsubstantiated rumors that a foundation centered on UST, the world’s fourth-largest stablecoin, is stockpiling the top cryptocurrency as a reserve asset.According to CoinDesk statistics, bitcoin reached three-week highs of moreover $44,000 early Friday. Since the United …

Compared with DOGE, Bitcoin gained 4% over the past 24 hours.

Bitcoin, Dogecoin rally as Russia considers using it for oil payments

Doge rose 6% over the past 24 hours, compared with Bitcoin’s 4% gain. Most cryptocurrencies rose on Thursday after the chairman of Russia’s Duma committee stated during a press conference that bitcoin (BTC) may be accepted as payment for the country’s oil and other resource exports.Russia’s news sent BTC beyond $44,000, while cryptos were already …

Support and resistance on the Bitcoin four-hour chart '' TradingView ''

Over $40K, Bitcoin Holds Support Initial Resistance is $46K

Pullbacks are being bought by buyers, keeping support levels intact. Pullbacks in Bitcoin (BTC) have been restricted during the Asian trading day, suggesting that buyers may continue active above the $40,000 support level. There is still the possibility for more gains, but resistance near $46,700 might stymie the price rebound.At press time, the cryptocurrency was …

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Traders price in seven Federal Reserve rate hikes for 2022 as bitcoin breakout eludes them

On Wednesday, the Fed is expected to raise rates by 25 basis points, the first hike since 2018. Bitcoin fell and US stock futures fell as interest rate derivative traders expect the US Federal Reserve (Fed) to increase rates seven times this year, with the tightening cycle peaking at a higher level than previously predicted.According …

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The bitcoin rally evaporates by Friday afternoon as prices tumble below $40K

Earlier this week, the crypto market diverged from stocks for a short period of time. Bitcoin (BTC), the most valuable cryptocurrency by market capitalization, was changing hands at $39,300 at press time, falling below $40,000 for the first time since Monday as equities continued to fall due to the Ukraine conflict.Bitcoin has made quite the …

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Bitcoin analysts ponder impact as oil prices rise to the highest level since 2008

There has been a spike in crude oil prices recently as a result of the Russia-Ukraine conflict. Here’s what this might mean for bitcoin. Isn’t Bitcoin (BTC) an inflation hedge? That is what many cryptocurrency analysts believe. So, theoretically, the bitcoin market would benefit as a result of Russia’s invasion of Ukraine, which has caused …

Cryptos maintain gains as Ukraine crisis worsens

Major cryptos held their Monday gains as the security issue in Ukraine exacerbated by Russia’s incursion worsened. Bitcoin was trading at $43,000 early Tuesday, up from $38,000 the previous day. Ether was going for more than $2,900, up from $2,600 yesterday. During this crisis, Bitcoin has outperformed gold. Peace discussions between the two parties in …

Bitcoin is showing no signs of panic

Bitcoin is showing no signs of panic

Bitcoin News : The worst-case scenario of high inflation and sluggish growth as central banks emphasize consumer-price stability above economic activity and asset-price stability appears to be becoming more realistic. According to James Pethokoukis, a journalist and economic policy analyst, Goldman Sachs analysts now forecast four further rate rises in 2023, in addition to the …

Bitcoin’s Bounce Stalls Below $40,000

The price of bitcoin stalls at less than $40,000

After falling to a one-month low slightly around $34,000 early Thursday, bitcoin (BTC) surged to $39,600 on Friday before settling back to its current level of $38,700. “Risk markets have surprisingly accepted the [Russian invasion of Ukraine] news in stride,” said Lux Thiagarajah, BCB Group’s head of trading. “While BTC and [altcoins] have risen, they …