Bitcoin Price Surges Past $29,400, Here’s Why
The Bitcoin price has surged to a 2-month high of $29,450 today, reflecting a 3.3% increase within the last 24 hours. While several factors could have contributed to this rally, four principal drivers appear to dominate discussions. #1 Expectations Of A Spot Bitcoin ETF Approval There’s palpable excitement within the community as rumors intensify about the US Securities and Exchange Commission (SEC) potentially approving the first-ever spot Bitcoin ETFs. Currently, the SEC is actively engaging with prominent applicants including Grayscale, BlackRock, Fidelity, Invesco, and Ark....
Related News
Dogecoin (DOGE) and Shiba Inu (SHIB) have witnessed notable price surges over these past few days. This price rally for the leading meme coins is believed to be driven by the flagship cryptocurrency, Bitcoin. Related Reading: In German, Michael Saylor Issues A Strong Bitcoin Statement – Here’s What He Said Why Dogecoin And Shiba Inu […]
It’s been a strong past two days for the crypto market, especially Cardano. Following up on Bitcoin’s 5% rally from its lows, ADA has gained 15% in the past 24 hours and even more in the past 48 hours. This makes it the best-performing cryptocurrency in the top 100 over the past 24 hours according […]
Amid crypto prices being on a tear this week, with Bitcoin crossing above $28,000 in the early hours of Monday, the XRP price has done particularly well, rising over $0.54 in the past 24 hours. Apart from the overall market strength, some factors have contributed to XRP’s current strength, ranging from easing legal troubles to […]
The Bitcoin price has been in impressive form over the past few weeks, breaking above the psychological $90,000 level in the past week. The premier cryptocurrency seems to be approaching the weekend with the same — if not greater — momentum after crossing $95,000 on Friday, April 25th. Who Is Really Behind The BTC Rally? […]
Ethereum extended its rally and it traded to a new all-time high above $3,000 against the US Dollar. ETH price is showing signs of more upsides towards $3,100 and $3,150. Ethereum remained well supported above $2,800 and it broke the $3,000 level. The price is now trading well above $3,000 and the 100 hourly simple […]