Bitcoin Breaks $40,000, Then Quickly Retraces to $37,500
Bitcoin has been erupting higher in spite of the chaos in the U.S. capital. The leading cryptocurrency just moved past $40,000 for the first time ever, reaching prices 100% over where the cryptocurrency was just weeks ago. BTC has since pulled back slightly as there has been some selling pressure at that key psychological level. […]
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Bitcoin found short-term support near $43,000 as it retraces some of its gains from the current week. The first crypto by market cap is displaying more strength and managed to close February’s monthly candle in the green, something that last happened back in Q4, 2021. Related Reading | Bitcoin Breaks Above 50-Day SMA, Will BTC Ride It Out To $50,000? At the time of writing, Bitcoin trades at $43,985 with a 16.9% profit over the past week. In a recent update from QCP Capital, the firm reiterated its bullish stand. As NewsBTC recently reported, the firm published a monthly report on the....
The Bitcoin price has just broken the all-time high of $31.9099 that it set on June 9, 2011 on MtGox. After a persistent, one-and-a-half month rally from $13 to $28, followed by nearly two weeks of bumping up against $30 and then hovering around the $28-$31.5 range, the bulls have finally won, and the currency struck a new high of $31.94 at 14:40 GMT on February 27 before quickly breaking past $32. The final rise was precipitated by a single buy order of over $100,000 USD, quickly reversing a temporary drop from $31.5 to $30.9 and leading to the price bumping against $31.89 for half an....
Buyers showed up quickly to reverse the crypto market dip through Monday.
Over the past two weeks, the demand for Bitcoin has significantly increased due to global financial market instability, major economic changes and currency devaluation. Analysts state that once Bitcoin breaks the $790-800 region, it will quickly head towards a four figure price. The demonetization of 500 and 1,000 bank notes in India, the devaluation of the Chinese yuan, the crackdown on Chinese wealth management products (WMPs) and the election of Donald Trump, among many other factors, has led to the price of Bitcoin to escalate quite rapidly. On Oct. 22, Bitcoin was being traded at....
Bitcoin's price breaks above $16,000, reaching an almost three-year high.