The bitcoin bounce: what comes next?
1 year, 9 months ago

The bitcoin bounce: what comes next?

Associated Press  

Markets this year are roiling, uncertainty abounds and the U.S. government has had to step in to rescue two large American banks in recent days. Yet economic data earlier this year seemed to suggest that inflation had peaked, raising the chance that the Fed would ease off on rate hikes, and that was the start of bitcoin’s bounce. “Bitcoin is Dr. Jekyll and Mr. Hyde when it comes to how it reacts to Fed rate expectations,” Moya said. “For most of last year, higher Treasury yields alongside rising Fed rate hike expectations spelled trouble for Bitcoin. Fed rate cut bets are good news for cryptos, but a severe recession should prove troubling for all risky assets, including bitcoin.”

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History of this topic

Bitcoin rally stalls as effects of Trump's victory fade at year-end
1 week, 4 days ago

Bitcoin rally stalls as effects of Trump's victory fade at year-end

Hindustan Times  

The Bitcoin rally sparked by US President-elect Donald Trump’s election victory in early November is stalling as 2024 draws to a close. As 2024 comes to an end, the Bitcoin boom that was triggered by US President-elect Donald Trump's election triumph in early November is stagnating. Trump’s preference for crypto friendly regulations and support for the idea of a national …

Sustaining BTC Push: Here’s What Can Support Bitcoin’s Unprecedented Growth In 2025
3 weeks, 3 days ago

Sustaining BTC Push: Here’s What Can Support Bitcoin’s Unprecedented Growth In 2025

ABP News  

December 6, 2024, was the most memorable milestone for Bitcoin when the world’s largest cryptocurrency crossed the $100,000 level for the first time during its existence. Around the world, even countries like Bhutan are having a major governmental participation in this new-age asset, whereas established world powers like Russia are also looking to develop a crypto reserve — an aspect …

Trump’s Win Was Great for Stock Markets—but Not Everyone Saw a Boom
Trending News
55 years ago

Trump’s Win Was Great for Stock Markets—but Not Everyone Saw a Boom

Slate  

Although America’s CEOs and financiers largely condemned Donald Trump after the Jan. 6 Capitol riot in 2021, they all but made peace with his political return this year—tempering their onetime critiques of the candidate and the GOP, hedging their bets in the lead-up to Election Day, forbidding their media apparatuses from endorsing Kamala Harris, and lining up to kiss the …

Bitcoin price nears $90,000. What's behind the rally and will it continue?
1 month, 4 weeks ago

Bitcoin price nears $90,000. What's behind the rally and will it continue?

India Today  

Bitcoin has pushed to a new record, reaching an all-time high of over $89,000 on Tuesday, as optimism around favourable regulatory changes and growing institutional interest fuel the surge. The U.S. Federal Reserve’s 25 basis points rate cut in November has directed investor sentiment toward alternative assets like Bitcoin. Edul Patel, CEO of Mudrex, called the ETF approval a “game-changer,” …

Bitcoin Soars to $71,000: A Crypto Renaissance on the Horizon?
2 months, 1 week ago

Bitcoin Soars to $71,000: A Crypto Renaissance on the Horizon?

ABP News  

Bitcoin's recent surge is driven by several converging factors, including rising global liquidity, the upcoming US presidential elections, and weakening US dollar index. The surge has also been supported by increased inflows into Bitcoin spot ETFs and the ongoing growth of institutional and retail investor interest.

Bitcoin crashes the most since global market rout, Ether sees sharp fall
4 months, 1 week ago

Bitcoin crashes the most since global market rout, Ether sees sharp fall

Hindustan Times  

Bitcoin posted its biggest drop since the turmoil that gripped global markets in early August, part of a wider retreat in crypto prices that included a sharp fall in second-ranked token Ether. Traders are awaiting the latest results from Nvidia Corp., a bellwether for the artificial intelligence theme that has helped to push global stocks to record highs. “We basically …

Bitcoin drops 4% to $61,000, witnesses second-worst weekly decline; What’s behind the plunge?
6 months, 2 weeks ago

Bitcoin drops 4% to $61,000, witnesses second-worst weekly decline; What’s behind the plunge?

Live Mint  

World's biggest cryptocurrency Bitcoin witnessed a downturn of over 3 per cent on Monday, falling to $61,000 level. Losses are mounting in the crypto market following its second-worst weekly decline of 2024, driven by waning demand for Bitcoin exchange-traded funds and uncertainty surrounding monetary policy. Despite the prevailing downturn, Bitcoin's open interest has experienced a slight uptick of 0.59 per …

Bitcoin plunges 3.7% to $66,870; here’s why its falling
6 months, 4 weeks ago

Bitcoin plunges 3.7% to $66,870; here’s why its falling

Live Mint  

World's biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve's monetary policy decision. The upcoming inflation data and the Federal Reserve's outlook on Wednesday could reinforce concerns that interest rates will remain elevated for an extended period, creating a challenging environment …

Bitcoin falls 5% to $57,000 ahead of Fed decision, slumps 16% in April
8 months, 1 week ago

Bitcoin falls 5% to $57,000 ahead of Fed decision, slumps 16% in April

Live Mint  

Bitcoin experienced a nearly 6 per cent decline on Wednesday, marking its the worst monthly performance since April 2022. The anticipation surrounding the Federal Reserve's interest rate decision today, coupled with world's largest crypto exchange Binance’s founder Changpeng Zhao being sentenced to four months in prison on Tuesday, after pleading guilty to charges of enabling money laundering at his crypto …

Bitcoin hits record above $71,000 as demand frenzy intensifies
9 months, 4 weeks ago

Bitcoin hits record above $71,000 as demand frenzy intensifies

The Hindu  

Bitcoin hit a record high on March 11 above $71,000, as the surge in the biggest cryptocurrency showed no signs of slowing down. The world's most valuable cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds as well as hopes that the Federal Reserve will soon cut interest rates. Flows of capital into the …

Bitcoin price briefly tops $69,000 for new all-time high
10 months ago

Bitcoin price briefly tops $69,000 for new all-time high

Hindustan Times  

Bitcoin surged to a record for the first time in more than two years, yet the original cryptocurrency didn’t stay at its new all-time high very long as many traders appear to have taken the opportunity to book some profit. The net inflow of almost $8 billion in less than two months is colliding with a looming reduction in Bitcoin’s …

Bitcoin nears all-time-high price more than two years after record was set
10 months ago

Bitcoin nears all-time-high price more than two years after record was set

The Hindu  

Bitcoin, the largest cryptocurrency by market capitalisation, hit a price of $68,785.95 on Tuesday morning, coming close to the all-time-high of $68,789.63 that it reached on November 10, 2021, according to the CoinMarketCap live tracker. Due to its large market cap and dominant market status, Bitcoin’s rocketing price helped lift the prices of other top crypto coins and tokens, including …

Bitcoin reaches record high amidst investor interest, global market dynamics
10 months ago

Bitcoin reaches record high amidst investor interest, global market dynamics

India TV News  

Bitcoin, the world's most popular cryptocurrency, soared to a new all-time high on Tuesday, reaching a staggering price of $69,202. Market resilience and economic outlook Bitcoin's remarkable climb, witnessing a surge of nearly 160% since October and a notable 44% increase in February alone, reflects its resilience amidst challenging market conditions. Global market dynamics The cryptocurrency market has also received …

Bitcoin bounces to an all-time high less than two years after FTX scandal clobbered crypto
10 months ago

Bitcoin bounces to an all-time high less than two years after FTX scandal clobbered crypto

New Indian Express  

NEW YORK: Bitcoin has hit an all-time high less than two years after the collapse of the crypto exchange FTX severely damaged faith in digital currencies and sent prices plunging. The price for the volatile asset is up almost 200% from one year ago, fueled by the anticipation and eventual regulatory approval of spot bitcoin exchange-traded funds earlier this year, …

Is bitcoin back? Price suddenly surges as investors flock to crypto
10 months, 1 week ago

Is bitcoin back? Price suddenly surges as investors flock to crypto

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We have entered a new era for bitcoin, with its rapid climb this week marking the clear …

What’s Behind the Latest Surge in Bitcoin? Little Consensus and Lots of Noise
1 year, 2 months ago

What’s Behind the Latest Surge in Bitcoin? Little Consensus and Lots of Noise

Live Mint  

Bitcoin is in the midst of another head-scratching rally. “There’s a lot of pent-up demand for these products," said Matthew Sigel, head of digital assets research at VanEck, which is one of a dozen asset managers with a pending spot bitcoin ETF application. Others credited crypto advocate Rep. Tom Emmer’s bid to become House Speaker for bitcoin’s latest rally. Here’s …

Why Bitcoin, other cryptocurrency prices have been rallying
1 year, 9 months ago

Why Bitcoin, other cryptocurrency prices have been rallying

Live Mint  

Most cryptocurrencies have gained momentum in the recent days with Bitcoin price hovering above the $28,000 level for the first time since June 2022. The largest digital coin has gained roughly 25% since March 8, when signs first emerged of trouble around Silicon Valley Bank, which has since folded and ignited turmoil among other lenders. “Bitcoin has been experiencing a …

Bitcoin at 9-month high following SVB, Signature Bank collapse, rose 26% just last week
1 year, 9 months ago

Bitcoin at 9-month high following SVB, Signature Bank collapse, rose 26% just last week

Firstpost  

The collapse of SVB and Signature Bank in the US, and the issues with Credit Suisse in Europe is seeing investors move towards cryptos again, particularly Bitcoin, which grew by 26 per cent just last week and continues to grow. With the US banking sector all shaken up with the collapse of SVB and then Signature, followed by the Credit …

Bitcoin barrels toward historic January as crypto market jumps by $280 billion
1 year, 11 months ago

Bitcoin barrels toward historic January as crypto market jumps by $280 billion

Live Mint  

Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. Smaller coins like Solana, Axie Infinity and Decentraland have doubled in value, part of a $280 billion January climb in digital assets overall, CoinGecko figures show. The rebound from last year’s deep rout is part of a wider revival …

Bitcoin set for worst quarterly drop in a decade
2 years, 6 months ago

Bitcoin set for worst quarterly drop in a decade

Al Jazeera  

For all the gloom, some analysts say that the bottom may be near. Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment. The decade in between those hallmarks saw several booms and busts, with cryptocurrencies’ market value swelling as they gained more …

Bitcoin ‘Black Friday’ price crash: Why it happened, and what comes next
2 years, 11 months ago

Bitcoin ‘Black Friday’ price crash: Why it happened, and what comes next

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Investors are maintaining a conservative stance in line with the highly anticipated US Federal Open Market Committee …

Cryptocurrency bubble risks exposed by Bitcoin's recent slide
3 years ago

Cryptocurrency bubble risks exposed by Bitcoin's recent slide

ABC  

They seem to be almost everywhere. How central banks are about to eat crypto's lunch Reserve Bank of Australia governor Phil Lowe is about as far removed from the world of grunge crypto as you could get. For years a critic of crypto, the RBA, like many major central banks, has nevertheless been exploring ways of applying the blockchain technology …

Bitcoin is surging to record highs on 'FOMO' and Joe Biden stimulus bets
4 years ago

Bitcoin is surging to record highs on 'FOMO' and Joe Biden stimulus bets

ABC  

"Bitcoin hits another all-time high". Interestingly, JP Morgan's chief executive Jamie Dimon has called bitcoin a "fraud" that will eventually "blow up", and that he would fire his traders "in a second" if he discovered they were trading bitcoin. Not everyone is convinced AMP Capital's chief economist Shane Oliver has long been a bitcoin sceptic, and he has no regrets …

Bitcoin performed 10 times better than gold in 2020
4 years ago

Bitcoin performed 10 times better than gold in 2020

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Recommended Why 10 years later the bitcoin experiment is still in its infancy The geopolitical uncertainty brought …

Explained: Reason behind Bitcoin's meteoric rise in 2020
4 years ago

Explained: Reason behind Bitcoin's meteoric rise in 2020

India Today  

In a year when currency valuations across the world have suffered due to the coronavirus crisis, one digital currency has managed to register a meteoric rise and a surprising comeback. Bitcoin’s meteoric rise in Covid-hit 2020 Most analysts believe that the Covid-hit year is responsible for the revival and meteoric rise of the digital currency. The fact that interest rates …

Bitcoin hits new all-time high of just under $20,000
4 years, 1 month ago

Bitcoin hits new all-time high of just under $20,000

CNN  

New York CNN Business — Bitcoin just hit another milestone in its impressive 2020 run. “So many more individuals and asset managers are now buying in.” The amount of bitcoin currently in circulation is now worth more than $365 billion. Bitcoin also got a recent boost after a top strategist at BlackRock, the world’s largest asset management firm, suggested that …

Bitcoin ‘halving’ could boost its price as more investors flock to cryptocurrencies
4 years, 7 months ago

Bitcoin ‘halving’ could boost its price as more investors flock to cryptocurrencies

CNN  

New York CNN Business — Central banks around the world are printing money to try to prop up the global economy. “But the demand for bitcoins has increased.” Some investors predicting new all-time highs for bitcoin Anticipation of the event helped drive bitcoin prices higher in the past few weeks — from a low of around $4,100 in mid-March to …

Bitcoin climbs to $10,000 for first time since March 2018
5 years, 6 months ago

Bitcoin climbs to $10,000 for first time since March 2018

Live Mint  

Bitcoin breached $10,000 for the first time in about 15 months, recouping more than half of the parabolic increase that introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble. “The bounce back of Bitcoin has been fairly extraordinary,” said George McDonaugh, chief executive and co-founder of London-based blockchain and cryptocurrency investment firm KR1 Plc. “Money …

Rapid bitcoin rally cheers crypto market investors, others wary
5 years, 7 months ago

Rapid bitcoin rally cheers crypto market investors, others wary

Firstpost  

Bitcoin, which lost three-quarters of its value in 2018, has soared by 24% since Friday Bitcoin hit its highest level in 10 months on Tuesday, raising hopes among cryptocurrency enthusiasts of greater mainstream acceptance as an escalating U.S.-China trade war roiled global markets, but others urged investor caution. Some traders said investors moved money to bitcoin, treating it as a …

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