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Bitcoin is back above $70,000

Bitcoin is back above $70,000

TheBitcoin is on pace to close at the highest level since May 20 when the price closed at $71,401. That was the highest close going back to April 8. The current price is trading at $70,502.There is some risk-on sentiment today as sellers were limited in their downside...

Ethereum nears the March highs and $4000

Ethereum nears the March highs and $4000

US politicians appear to be in a battle to prove who is more pro-crypto.The SEC did an about-face on an Ethereum ETF and now Trump has flip-flopped into a pro-crypto stance. With votes to earn here and margins small, it looks like they will be after this voting bloc...

Bitcoin nears $60,000 as selling intensifies

Bitcoin nears $60,000 as selling intensifies

daily bitcoinThe halving and the launch of Hong Kong ETFs (whic launched today) haven't been the positive catalysts that bitcoin bulls hoped for, at least not yet. Bitcoin is at the lows of the week, down $2750 to $60,152 today.The low so far is $60,053 as bids...

Bitcoin plunges on Middle East war fears

Bitcoin plunges on Middle East war fears

Bitcoin intradayIt would be havoc right now if markets were open and it might yet be when they open in less than 24 hours.Bitcoin is down more than 6% in what could be a sign of what's to come. Bitcoin finished Friday at $67,138 but it's now trading down more than...

Bitcoin extends decline to nearly 7%

Bitcoin extends decline to nearly 7%

Bitcoin dailyIt's an ugly one for bitcoin as it fell nearly 7% on the day to $65,239 at the lows. It's since recovered slightly as nearby support from the April low helps out.The halvening is coming up and the bitcoin bulls hope that's a catalyst around April 20 but...

Bitcoin taking a hit, back under $68K

Bitcoin taking a hit, back under $68K

Bitcoin has dropped to under US$68KETH down also, circa $3370Crypto has seen some pressure after the strong data in the US on Monday, that goes for a lot of the 'risk' complex. This article was written by Eamonn Sheridan at www.forexlive.com.

Bitcoin climbs above $69,000 in surge

Bitcoin climbs above $69,000 in surge

Crypto is cooking today with bitcoin having its best day in four weeks. Bitcoin appears to have broken the recent downtrend and shaken off some worries about crypto ETF inflows.Bitcoin dailyIt's not just bitcoin either as ETH rises 7% and is trading at a session...

Ether ETFs Likely Won't Get Approved in May

Ether ETFs Likely Won't Get Approved in May

Bloomberg is gated but CoinDesk have the piece up:Bloomberg analyst James Seyffart believes a spot ether exchange-traded fund won't get approved in May. Seyffart and his colleague had previously seen a 35% chance that one or more of the issuers will receive a green...

Bitcoin falls 3% to session low

Bitcoin falls 3% to session low

Bitcoin dailyBitcoin hit a fresh record at $73,803 earlier today but the enthusiasm has given way to selling as markets broadly sour. Bitcoin is down 3% on the day to $70,900 as broader markets fret about the Fed decision next week. The US dollar is substantially...

Bitcoin’s rising dominance over Ethereum

Bitcoin’s rising dominance over Ethereum

Bitcoin: Maintaining dominance in the cyptocurrency marketThis article examines recent trends in the cryptocurrency market, highlighting Bitcoin's continued leadership. It also shows crypto investors and traders how to look at how BTC price is trending vs ETH...

Bitcoin hits $72,000 for the first time

Bitcoin hits $72,000 for the first time

It's a happy Monday for bitcoin bulls as the crypto party has resumed to push it $3700 higher to $72,140.It was a bit of a rocky road getting through the $69,000/$70,000 level but that's a big one as it clears the all-time high. It's smooth sailing and clear skies...

Bitcoin rises to all-time high above $69,000

Bitcoin rises to all-time high above $69,000

Bitcoin hourlyA soft US ISM services report led to a round of US dollar selling and improving risk appetite in financial markets. That was the final nudge bitcoin needed to get above $69,000 for the first time ever.The 2021 top briefly broke in a rise to $69,200...

Bitcoin near session highs | Forexlive

Bitcoin near session highs | Forexlive

The price of bitcoin is inching back toward the highway for the day at $67,621 (reached earlier today). A high price just extended to $67,577. A move above that level would have traders looking toward the $69,000 level that was the all-time high level reached on...

Bitcoin breach is $66,000 | Forexlive

Bitcoin breach is $66,000 | Forexlive

The price of bitcoin has breached the $66,000 level trading up to $66,351. The price trades at the highest level since November 15. The high price for bitcoin all-time reached $69,000 on November 10, 2021. There was a high October 21 that reached $67,087. That is the...

Bitcoin continues the run lower

Bitcoin continues the run lower

As opposed to the tumble yesterday which moved the price of Bitcoin from $64000 to $58800 in about 15 minute window, today there has been a more orderly fall. As outlined earlier in a post (see post here), getting below the 200 bar MA (green line in the chart above,...

Coinbase services restored. Eyes on bitcoin

Coinbase services restored. Eyes on bitcoin

I would tend to think that a restoration of Coinbase is bullish for bitcoin because it's a FOMO rally and that's more fuel for the fire. However, I'd also argue that the disruption isn't exactly a vote of confidence in services and some traders might prefer ETFs,...

Bitcoin extends decline to 6%. What’s next

Bitcoin extends decline to 6%. What’s next

The ETFs came and yesterday's volume numbers were big but not as big as I thought they would be for some of the most-hyped financial products ever created. Now the pain trade is hitting with bitcoin down nearly 6%.I also wonder -- if on-exchange ETF buyers are now the...

Bitcoin ETFs approved — SEC document

Bitcoin ETFs approved — SEC document

Everyone is being careful with this but the SEC website this time has a new document here.It ends with:IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA2023-58;...

BTC/USD price rising, Who let the dogs out?

BTC/USD price rising, Who let the dogs out?

We finally got the news on the approval (that wasn;t fake):Bitcoin ETFs approved -- SEC documentEven though the SEC boss didn't like it:SEC head Gensler says does not approve or endorse bitcoin; a speculative, volatile assetThe Bitcoin price didn't do a whole lot on...

SEC says Bitcoin ETFs have NOT been approved

SEC says Bitcoin ETFs have NOT been approved

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

The SEC will never live this down

The SEC will never live this down

The SEC twitter account being hacked on the eve of the expected ETF announcement is a massive blackeye for the organization that's supposed to be in charge of investor protection.The risk is that this disaster delays the actual ETF approval. I can't imagine it would...

Why the spot bitcoin ETF will be approved

Why the spot bitcoin ETF will be approved

Spot bitcoin ETF approvals are a done deal, the only question is how the market will react.The co-founder of crypto manager Valkyrie Steven McClurg today said the SEC will approve the ETF sometime after the market closes on Wednesday with trading beginning on...

Bitcoin hits $47,000 as ETF fever builds

Bitcoin hits $47,000 as ETF fever builds

I ran a poll earlier today and the results so far have shocked me.I would put the odds at 99% and would have thought that a community of market watchers would have put it at least at 85%.Perhaps as the news continues to hit and bitcoin grabs more headlines, there will...

Bitcoin has hit its highest since April of 2022

Bitcoin has hit its highest since April of 2022

Bitcoin is having a Happy New Year, making a new high from all the way back in April of 2022:Weekly candlesLower rates on the horizon have been supporting all sorts of risk trades. Halving coming not doing it any harm either:Bitcoin, rising in price to over USD50K due...

Buyers are stuffing bitcoin in their stockings

Buyers are stuffing bitcoin in their stockings

The hype train around a bitcoin ETF continues to build and that's helped to to shrug off a recent pullback to rise back above $44,000. Until the ETF starts trading (or at least until it's announced) I can't see a reason to sell bitcoin. That pull is even stronger...

Bitcoin extends decline to 9%

Bitcoin extends decline to 9%

Bitcoin dailyBitcoin has now erased most of last week's gain.Prices of bitcoin have dropped 8.9%, or $4000 today to $40,550. The selling started in Asia without a catalyst and has continued today. Some eyes were on long options bets that were liquidated.A bitcoin spot...

Bitcoin has fallen as low as circa $35.8K

Bitcoin has fallen as low as circa $35.8K

News overnight that the U.S. Justice Department (DOJ)Binance founder and CEO Changpeng Zhao pleaded guilty to criminal charges brought by the U.S. Department of Justice.The DOJ is seeking over $4 billion from Binance as part of a proposed resolution of its probe.-The...

Bitcoin wasn’t invited to the party

Bitcoin wasn’t invited to the party

The waiting game continues for a bitcoin ETF and it appears as though some bulls are losing patience, or taking profits. Bitcoin is down 3.7% today, or $1348 to $35,040 in the second day of selling. There have been several false reports of bitcoin ETFs and an approval...

Sam Bankman-Fried takes the stand

Sam Bankman-Fried takes the stand

Sam Bankman-Fried is testifying today. We got a preview of what he will say yesterday in a hearing with the judge but the jury excluded. His lawyers are working on an 'advice of council' defense where he claims that everything he did that was wrong was based on the...

Bitcoin higher again, above US$32K

Bitcoin higher again, above US$32K

I posted yesterday on some bullish BTC thoughts:Morgan Stanley says “crypto winter” may be in the past. Optimistic for an April 24 halvingAnd since then we've had some news:Bitcoin is up 4.7% today and there is all kinds of speculation about a bitcoin ETFBitcoin...

Bitcoin jumps above $28,000 | Forexlive

Bitcoin jumps above $28,000 | Forexlive

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Ethereum climbs 3% on talk of ETF launches

Ethereum climbs 3% on talk of ETF launches

Ethereum is at the highs of the day, up 3.1% to $1644.The catalyst is chatter that the SEC is trying to accelerate the launch of futures-based ETFs before the anticipated government shutdown on Monday. If a shutdown occurs, just 8% of SEC staff will stay on the job.A...

Bitcoin falls to the lowest since June

Bitcoin falls to the lowest since June

The risk mood is beginning to sour and an early tell was selling in bitcoin. The sales have accelerated in the past 15 minutes and bitcoin broke the recent range low of $25,269. The next level to watch is the June low of $24,750.Bitcoin dailyIn March, bitcoin briefly...

Bitcoin sags as Grayscale verdict awaited

Bitcoin sags as Grayscale verdict awaited

Cryto traders are watching the clock today and waiting for an 11 am (or just before) ruling on the Grayscale Trust vs SEC case in the D.C. Circuit Court. It won't necessarily come at that time, or today at all but rulings typcically come on Tuesdays and...

No Grayscale vs SEC decision today

No Grayscale vs SEC decision today

Eyes are on the US court of appeals for the D.C. Circuit for a potential decision in the bitcoin spot ETF case with Greyscale suing the SEC for approval. Some were pointing to slate of decisions today set for 11 am ET but that came and passed with four decisions and...

Mad admits to being the original Bitfinex hacker

Mad admits to being the original Bitfinex hacker

The original Bitfinex hacker has finally been identified. Ilya “Dutch” Lichtenstein, a resident of New York, has admitted to being the original Bitfinex hacker. The coins were worth $71 million at the time and the value eventually grew to $4.5 billion.Lichtenstein and...

PayPal launches stablecoin | Forexlive

PayPal launches stablecoin | Forexlive

PayPal USD has launched a stablecoin PYUSD. The coin is is issued by Paxos Trust Co and fully backed by US dollar deposits, short-term Treasuries and similar cash equivalents, the San Jose, California-based payments company said on Monday. It’s pegged to the dollar...

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