Tag: CoinMarketCap

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Bitcoin tumbles back to the $60000 level after mini rally

Crypto

Cryptocurrencies fell on Tuesday evening 1st October 2024, with Bitcoin retreating to the $60,000 level following an unstable beginning to what is typically one of its best performing months.

Shares associated with digital currencies also fell in after-hours trading. Crypto exchange Coinbase saw a decline of about 1%, and MicroStrategy experienced a 2% drop, following a decrease of 7.4% and 3.5% at the close.

Escalating conflicts in the Middle East have curbed investors’ appetite for risk as the new trading month and quarter got underway. On Tuesday 1st October 2024, Iran executed a ballistic missile strike on Israel in response to the recent assassination of Hezbollah leader Hassan Nasrallah and an Iranian commander in Lebanon.

The growing turmoil in the Middle East has driven oil prices higher and bolstered the U.S. dollar, casting a shadow over Bitcoin and other speculative assets.

Bitcoin 7-day chart from CoinMarketCap

Bitcoin 7-day chart from CoinMarketCap
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Bitcoin slips to around $66,000 level but holds at key support

Bitcon

Bitcoin’s price has experienced a dip, struggling to maintain above the $66,000 mark.

It started the week on a decline after a not-so-good weekend, with its volatility making it challenging to hold its price level. Despite this, Bitcoin recorded a minor gain on Monday 17th June 2024, in early trade, with its price on international exchanges standing at roughly $66,000. 

The $66K level is now seen as ‘critical’ for Bitcoin’s future price movements

Bitcoin slips to around $66,000 level but holds at key support

Bitcoin chart CoinMarketCap

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Bitcoin passes $69000 then pulls back

Bitcoin

The relentless volatile march of Bitcoin continues… again!

Bitcoin jumped gain, edging ever closer to its all-time high after the rally took a breather over the weekend. Last week, Bitcoin surged $10,000 in the space of a couple of days.

It looks very much like the ETFs are kicking in during normal weekly trading moving Bitcoin other than just at weekends. The market also has an eye on the halving event due in April.

Bitcoin 7 day chart showing it above $69000 on 5th March 2024 – CoinMarketCap

Bitcoin 7 day chart showing it above $69000 on 5th March 2024 – from CoinMarketCap.