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Bitcoin (BTC) has been underperforming the bullish expectations of late 2024 throughout the first quarter (Q1) of 2025.  Specifically, after briefly hitting new all-time highs (ATH) above $109,000, the world’s premier cryptocurrency retraced significantly. In the year-to-date (YTD) chart, BTC is 11.98% in the red and is changing hands at $82,264. Though the performance has been lackluster, recent developments – the 5.84% recovery from March 11 lows near $77,500 to be precise – have rekindled some hope that the coin could be positioning for an imminent rally. Picks for you 51nodes partners up with World Mobile to work on blockchain infrastructure 2 hours ago AP3X token gets listed on MEXC’s global crypto exchange ...

Bitcoin (BTC) broke out of its all-time high on November 6, currently consolidating above that level before its next move. In the meantime, a cryptocurrency trading expert has set his BTC price targets for the weekend, aiming at higher levels. The trader is CrypNuevo an Spanish analyst who has showed high accuracy and good win rate with his trades and signals. Finbold has covered plenty of CrypNuevo ’s analyses, which help retail traders and investors to navigate Bitcoin’s volatile price action. In particular, CrypNuevo ’s believes Bitcoin could short-squeeze to $77,000 and $77,500 at one point during the weekend. This is due to accumulated liquidations from short positions between these levels, making a magnet for BTC price. Picks for you Why the cryptocurrency market is the ‘biggest winner’ of U.S. elections ...

The Bitcoin price fell almost 1% in the last 24 hours to trade at $66,858 as of 03:31 a.m. EST on trading volume that plunged 20% to $29 billion. This comes as legendary billionaire hedge fund investor Paul Tudor Jones told CNBC’s Squawkbox that he’s hedging against inflation by investing in assets such as Bitcoin, gold, and tech stocks, while studiously avoiding fixed-interest assets. Bitcoin Price Aims For A Bullish Rally According to the BTC/USD chart Analysis on the 1-day chart, the yellow upward-sloping lines outline a rising price channel, indicating a sustained uptrend. The Bitcoin price has been consistently making higher lows and higher highs within this channel since mid-September, which is a classic bullish signal. According to data from GeckoTerminal , the $52,500 support allowed the bulls to stage a continued bullish rally. As a result, the price of Bitcoin now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), confirming the likely b...

Bitcoin faces a slow grind after earlier brisk BTC price gains, but the ingredients for a sustained rally are there, market data suggests. Bitcoin (BTC) starts Thanksgiving week in the United States with a return to $37,000 as bulls stubbornly refuse to loosen their grip. BTC price action remains tantalizingly near 18-month highs as another weekly close provides a fresh taste of bull market momentum. The largest cryptocurrency continues to hold onto reclaimed ground, and while upside now comes slower than in previous weeks, BTC/USD is up 7% month-to-date. How could the coming days shape up for Bitcoin? Macroeconomic data prints provide the opportunity for some snap volatility, while under the hood, the landscape when it comes to Bitcoin’s network fundamentals is as rosy as it has ever been in 2023. At the same time, supply dynamics are surprising — coins dormant for a year or more now make up over 70% of the supply for the first time, indicating a reluctance among long-term holders t...

Bitcoin price has corrected at each attempt to rally above $28,000. Cointelegraph explains why. Bitcoin (BTC) faced a 4.9% correction in the four days following the failure to break the $28,000 resistance on Oct. 8, and derivatives metrics show fear is dominating sentiment in the market, but will it be enough to shake Bitcoin price from its current range? Looking at the bigger picture, Bitcoin is holding up admirably, especially when compared to gold, which has fallen by 5% since June, and Treasury Inflation-Protected bonds (TIP), which have seen a 4.2% drop during the same period. Merely maintaining its position at $27,700, Bitcoin has outperformed two of the most secure assets in traditional finance. Given Bitcoin’s price rejection at $28,000 on Oct. 8, investors should analyze BTC derivatives metrics to determine whether bears are indeed in control. Bitcoin/USD vs. inflation-protected TIP ETF vs. Gold. Source: TradingView Treasury Inflation-Protected Securities are U.S. governm...

The price of Bitcoin fell around 8% in just 10 minutes on Aug. 17, down to levels not seen since June 20. The price of Bitcoin (BTC) fell around 8% in a span of 10 minutes, causing the cryptocurrency to dip well under $26,000, before partially recovering. BTC was hovering around $27,677 on Aug. 17 at 9:30 pm UTC time before tumbling just over 8% to $25,409, according to Coinmarketcap. Bitcoin fell to a low of $25,409. Source: Coinmarketcap The price of Bitcoin was even lower on crypto exchange Bitfinex, hitting a low of $24,715 before on making a partial recovery back above $26,000. Initial reactions from the X (Twitter) community have pegged the price drop to reports that SpaceX wrote down the value of BTC it previously acquired by $373 million and sold the cryptocurrency, while others have pointed to China’s Evergrande Group filing for Chapter 11 bankruptcy in New York. The fall has taken Bitcoin's market cap below $500 billion for the first time since June 16 and hit lows ...

Bitcoin is due to offer nothing beyond "classic weekend chop," signs of change on BTC price charts continue to flow in. Bitcoin (BTC) further ground down volatility into Aug. 12 as “ astonishing ” BTC price action stayed in place. BTC/USD 1-hour chart. Source: TradingView Bitcoin: "Classic weekend chop" expected Data from Cointelegraph Markets Pro and TradingView followed a flat Bitcoin trading environment as the weekend began. After displaying only muted re action s to the week’s United States macroeconomic data prints, BTC/USD held firm near $29,500 — a key battleground between bulls and bears. “Expecting just another classic weekend chop around the CME close price ,” popular trader Daan Crypto Trades wrote in part of his latest Analysis , referencing the closing price of CME Bitcoin futures markets at $29,465. BTC/USD annotated chart. Source: Daan Crypto Trades/X The lack of movement throughout the week meanwhile surprised longtime market participants, includ...

First Republic Bank Fears Collapse According to recent statements released by the financial institution, First Republic is attempting to unload between $50 billion and $100 billion in debt instruments as part of its “strategic options” to resolve the massive capital outflow. However, the White House is still concerned whether it has the bandwidth to find a way out from insolvency, as reports by Financial Times note that officials from the Biden Administration, the Federal Reserve, and the Treasury Department met with the bank’s top executives in the past few days. Read More: Binance Hits Snag As New China-Link Emerges; Are US Customers In Trouble? Moreover, according to reputed Fox journalist Charles Gasparino, bankers working at First Republic Bank claim that the government would take over the failing bank through “receivership” — similar to bankruptcy in the private sector — after the bank has exhausted all alternatives including asset sal...

BTC price keeps traders and analysts in the dark as a week of macro triggers dawns, while Bitcoin network fundamentals plan new all-time highs. Bitcoin (BTC) starts a new week with consolidation in the air amid some of the least volatile conditions ever. Despite losing 5% in an hour last week, Bitcoin’s subsequent lack of volatility is on every trader’s mind. The question is whether that will change in the coming days. There are plenty of potential catalysts, from macroeconomic data to exchange setups and more, but which will win out — and in which direction it will send BTC price — remains to be seen. Behind the scenes, it remains business as usual for Bitcoin network fundamentals, with miners preserving their newfound buoyancy and ready for new all-time highs in difficulty. Cointelegraph takes a look at these major market-moving factors and summarizes opinions as to how they might shape BTC price action this week. Bitcoin price stays paralyzed after weekly close While anything can ...

"Wild" data shows that more of the BTC supply has been dormant for at least a decade than that available for purchase on exchanges. Bitcoin (BTC) exchanges have less BTC to buy than at any time since early 2018, the latest data shows. On-chain analytics firm Glassnode confirms that as of February 2023, ex change reserves are at five-year lows. "Wild stat" shows Bitcoin supply maturation The latest statistics to reflect the determination of Bitcoin hodlers, major exchanges’ BTC balances are in “down only” mode. As of Feb. 27, the latest date for which data is available, the platforms tracked by Glassnode held a combined 2,272,798 BTC. It was in March 2018 that the number was so low, which March 2020 represents the current all-time high of 3,202,326 BTC. The moment of the COVID-19 cross-market crash, from then on, exchange reserves began to fall, accelerating through the 2022 bear market to stand 29% lower now. Bitcoin exchange balance chart. Source: Glassnode The i...

BTC and altcoins are pulling back sharply, but is today’s correction a simple lower support retest, or a sign of worse things to come? The United States equities markets saw their worst performance of 2023 as concerned investors dumped stocks on Feb. 21, fearing continued rate hikes by the U.S. Federal Reserve. Although the cryptocurrency Markets also gave back some of the gains, the fall was comparatively muted. UTXO Management senior analyst Dylan LeClair said that Bitcoin’s (BTC) correlation to the S&P 500 index has fallen to the lowest since late 2021. After the sharp recovery from the lows, Glassnode data showed that only 21% of the coins sent by Long-Term Holders to exchanges at the start of this week moved at a loss. That is a huge improvement from mid-January when 56% of LTH coins sent to exchanges were moved at a loss. Daily cryptocurrency market performance. Source: Coin360 The decoupling of the crypto and the U.S. equities markets is a positive sign but traders must re...