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The Bitcoin price recorded a minor loss in the last 24 hours to trade at $104,311.27 as of 10:03 p.m. EST as some investors decrease their exposure to the crypto. This slight drop in the BTC price comes after European Central Bank President Christine Lagarde suggested that the Czech National Bank was unlikely to approve adopting a reserve based on the largest crypto by market cap.  Speaking to the press on Jan. 30, Lagarde said the European Council has the view that a reserve for the bank needs to be “liquid, secure and safe.”  Bitcoin Price Hits Resistance 4-hour chart for BTC/USDT (Source: TradingView) An ascending triangle pattern that formed on BTC’s 4-hour chart was validated in the last 48 hours, resulting in a break above the $102,964.28 resistance level. The Bitcoin price is now attempting to breach the subsequent barrier at $105,887.52. Should the leading crypto close a 4-hour candle above this threshold within the next 12 hours, it might ri...

The Bitcoin price has jumped over 2% in the last 24 hours to trade at $105,305 as of 3:30 a.m. EST on a 23% pump in trading volume to $52 billion. This surge in the BTC price comes as Federal Reserve Chair Jerome Powell signaled that the central bank is likely to lower its key interest rate soon, citing slower economic growth and cooling inflation. NEW: 🇺🇸 Fed Chair Jerome Powell says "it's unlikely the next rate move will be a hike." Send it…🚀 pic.twitter.com/eLhLdCX2w6 — Radar 𝘸​ Archie🚨 (@RadarHits) May 1, 2024 Speaking at the Fed’s annual summit in Jackson Hole, Wyoming, Powell emphasized that the time has come for policy to adjust.  His remarks align with recent indicators of reduced price growth, a softening labor market, and weaker borrowing demand compared to pre-pandemic levels. Bitcoin Price Continues To Trade Sideways The BTC price is encountering resistance in the $105,000-$106,000 range, whe...

Bitcoin boasts $582 billion in market capitalization, with the digital asset’s cumulative losses in the last seven days amounting to 1.2%. advertisement Bitcoin Price Moves In Tandem With Momentum and Narrative Traders Apart from a select group of altcoins that have been rallying including XRP, XLM, ADA, and SOL, the crypto market is quiet and lethargic. These tokens are outperforming their peers as investors seek exposure following Ripple’s partial win in the long-standing legal battle with the Securities and Exchange Commission (SEC). “In short, we’re seeing a return of investors that had previously been spooked by recent regulatory measures,” Markus Levin, co-founder of XYO Network said in a written statement to CoinDesk. According to the managing Partner of Web3 investment fund Generative Ventures, Lex Sokolin, the lethargy being witnessed is the cyclical nature of the largest crypto. He argues that Bitcoin price ...