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Cryptocurrency News Articles
Bitcoin Has Recovered Back Towards The $57,000 Level
Sep 11, 2024 at 04:30 pm
Bitcoin witnessed a plunge a few days ago, but it has started this new week with bullish momentum, seemingly rejuvenated as its price has recovered to $57,000.
Bitcoin price showed signs of recovery on 23rd May 2023, clocking a 4% gain in the last 24 hours to bring the coin back above the $57,000 level once more.
Bitcoin price finally showed some signs of recovery on Friday, starting the new week with bullish momentum as it attempts to stage a comeback from the recent sell-off. The world’s largest cryptocurrency began to slide through the second half of last week, eventually clocking a loss of over $7,000 from its local top at around $58,000. BTC price plunged to as low as $51,000 during the downturn.
Bitcoin price attempts to gain distance from key pricing band
As Bitcoin price plunged last week, several key levels of support and resistance were breached along the way. One support level that stood out was around $54,200, which was highlighted by analyst Ali Martinez in a post on Substack.
According to Martinez, Bitcoin price was retesting this level on Thursday, which also corresponded to the price at which the MVRV ratio would attain the same level as its historical mean. The MVR
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- Bitcoin Heads for Weekly Gain as Risk Appetite Gets Boost From Fed Rate Cut
- Sep 20, 2024 at 04:35 pm
- Bitcoin's price rose to a three-week high on Friday and was headed for a strong week as risk appetite was boosted by an outsized interest rate cut by the Federal Reserve.
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- Ethereum (ETH) Price Skyrockets 5% as Whales Accumulate Ether Ahead of Potential Rebound
- Sep 20, 2024 at 04:30 pm
- As the total crypto market cap surged over 2 percent in the past 24 hours to hover about $2.3 trillion on Friday, Ethereum (ETH) price led the altcoin
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- BingX Exchange Confirms $26M Hack, Promises Full Compensation
- Sep 20, 2024 at 04:25 pm
- The latest cryptocurrency exchange hit by hacking was confirmed to be BingX based in Singapore where it initially lost $26 million due to hacking.
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- Surfy Integrates XRP Into Its Services, Allowing Users to Make Payments Using the Native Token
- Sep 20, 2024 at 04:25 pm
- This development is seen as a significant step forward in expanding the utility of the XRP Ledger, especially in real-world transactions involving physical assets.
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- Avalanche (AVAX) Price Action Heats Up as 48% of Holders Profit, Market Dominance Expands
- Sep 20, 2024 at 04:25 pm
- Avalanche (AVAX) price has experienced significant market activity, with 48% of its holders in profit and strong investor interest driving bullish sentiment.
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- Solana (SOL) and Ethereum (ETH) Dominate Altcoin Space, Will This Transpire into Bullish Q4 Momentum?
- Sep 20, 2024 at 04:25 pm
- Both Ethereum (ETH) and Solana (SOL) have dominated much of the past 7 years in the altcoin space. While these platforms are hotbeds for developer activity, will it be enough to transpire into bullish Q4 momentum?
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- XRP Whales Accumulate 380 Million Tokens in 10 Days as Price Nears All-Time High
- Sep 20, 2024 at 04:25 pm
- Over the past few days, prominent investors have been increasingly betting on XRP, loading up on the token with their holdings near an all-time high.
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- Solana (SOL) Price Predictions: Analysts Project $500 and Even $1,000 Targets
- Sep 20, 2024 at 04:25 pm
- Market analysts have projected that Solana could reach significant price targets, with some predicting it may hit $500 and even $1,000.
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- Terraform Labs Receives Court Approval to Wind Down Operations in Bankruptcy
- Sep 20, 2024 at 04:25 pm
- Korean cryptocurrency entrepreneur, co-founder of Terraform Labs (Terra Luna), Do Kwon, left, is taken to court in Podgorica, May 11, 2023, following his arrest, March 24, at the Montenegrin capital's international airport.