Bitcoin price is under the spotlight as markets anticipate a potential Federal Reserve rate cut that could drive fresh momentum. Notably, the CME FedWatch Tool has indicated a 74.5% possibility of a 0.25% rate cut by the Federal Reserve at its forthcoming Dec. 18 meeting. This comes after the 50 bps rate cut in September and 25 bps last month. If...
Crypto market analyst Ali Martinez expects a price rebound for the Bitcoin (BTC) price in July after a month of bearish momentum. According to Martinez’s X post on Sunday, the Bitcoin price recorded an average price rebound of 7.98% in July after a “negative June.” Data shows that the BTC price plunged by 9.25% over the...
Bitcoin’s historical data suggests July is a positive month for BTC holders. This bodes well after the asset lost nearly 10% of its value last month. Bitcoin (BTC) reclaimed the $62,200 level and approached $63,000 on Monday after a 2% bounce for the largest cryptocurrency on the market. CoinGlass data also showed that BTC’s move propelled it...
Heading into the first half of 2024, crypto investors are wondering about the future of Bitcoin, which continues to lose value after hitting an all-time high in March. According to Bloomberg, Bitcoin (BTC) has lost about 13% in value since March, after sharp surges of 67% and 57% in previous quarters. Amid the decline in the price...
The sector’s bullish trend during Bitcoin’s surge has seen the cryptocurrency jobs market heat up. According to CryptoJobsList, rising cryptocurrency prices and activity have increased the number of applicants and postings on industry job sites. Last month, published vacancies reached an annual record. Such an indicator has not been seen for several years amid the ongoing bearish stagnation. At...
Traders continue to make big money using meme coins amid the continuous market rally and Bitcoin’s recovery to $70,000. Lookonchain analysts paid attention to a trader who traded 89 meme coins since March 21. Only 26 of them were profitable, with a winning percentage of less than 30%. However, the trader got lucky, making $690,000 on ANIME...
IntoTheBlock experts note a meme coin speculative sentiment increase amid the ongoing bull market. According to the latest IntoTheBlock report, traders increasingly turn to speculative opportunities promising high returns. The trend is evident throughout the meme coin sector, as seen in the emergence of new meme coins and the resurgence of older ones gaining popularity again. Analysts...
The price of Bitcoin crossed the $60,000 mark for the first time since Nov. 21, 2021. According to CoinMarketCap data, Bitcoin (BTC) is trading at $60,250 at the time of writing. For a moment, the price rose to around $60,500. Bitcoin increased by about 6% in a day and by more than 18% in a week. Source: CoinMarketCap Against the...
Bitcoin has reached $64,000 for the first time since the peak of the 2021 bull run. In the past two days, Bitcoin (BTC) has risen from $51,000 to hitting $64,000 briefly today. The price rise has resulted from the Bitcoin ETF and the upcoming halving event, where investors buy up more than what is mined daily. For...
TV personality and founder of hedge fund Cramer & Co. Jim Cramer called the decline in Bitcoin a “nasty beginning to the sell-off”. In his post in X on Jan. 19, Cramer doubted the prospects for further growth of the first cryptocurrency. As an argument, he noted that an asset cannot double in price by hundreds...
