Markets and Prices

Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum

May 10, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 10, 2024, bitcoin exhibits a promising recovery trajectory, albeit amidst mixed market signals across various technical frameworks. Following an intraday fluctuation ranging from $60,954 to $63,388, at present, bitcoin is coasting along values between $62,861 to $63,272 per unit, suggesting a market grappling with both bullish and bearish sentiments. Bitcoin Bitcoin’s (BTC) […]

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BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-Up

May 9, 2024 Bitcoin.com

$60K

On May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy Liquidations Follow Bitcoin is facing challenges on Thursday, with its […]

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TRUMP and BODEN Coins Soar Following Trump’s Crypto Endorsement and Critique of Biden

May 9, 2024 Bitcoin.com

Altcoins

Following the recent crypto endorsement by former U.S. President Donald Trump, and his criticism of current President Joe Biden, the value of the two meme coins linked to these political figures — TRUMP and BODEN — have significantly increased over the past day. TRUMP Coin Jumps 35%, BODEN Up 16% After Trump’s Crypto Advocacy At […]

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Standard Chartered: Second Trump Term Would Be ‘Broadly Positive’ for Crypto

May 8, 2024 Bitcoin.com

Bitcoin Price Predictions

Standard Chartered Bank predicts that a second term for the Trump administration would create a favorable regulatory landscape, leading to a positive outlook for the crypto sector. The bank has revised its forecast citing improved market sentiment after cautioning that bitcoin’s price could drop to the $50K range. Standard Chartered on Trump and Crypto Standard […]

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Bitcoin Technical Analysis: BTC Faces Growing Uncertainty Amidst Market Fluctuations

May 8, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to $64,413, with a trading volume of $17.91 billion and a market capitalization of $1.22 trillion. Despite a decline of 2.1% over the past 24 hours, bitcoin has gained 9.3% over the last seven days. Bitcoin […]

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Analysts Stand Firm on $150K Bitcoin Price Forecast Citing ‘a Healthy Cycle’

May 6, 2024 Bitcoin.com

Bernstein

Global asset management firm Alliance Bernstein’s analysts have reaffirmed their bullish outlook on bitcoin, predicting a rise to $150,000 by 2025. They view the recent price correction as a healthy cleanup of market excesses. Additionally, they highlighted the market’s strength, citing significant inflows into spot bitcoin exchange-traded funds (ETFs) and encouraging signs for increased corporate […]

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Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty

May 6, 2024 Bitcoin.com

bitcoin.com

As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s current price is around $3,135 per unit, with an intraday range between $3,116 and […]

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Bitcoin Technical Analysis: Bulls Challenge Upper Resistance

May 6, 2024 Bitcoin.com

Bitcoin (BTC)

Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty and opportunity. As oscillators mostly suggest neutrality with glimpses of buying strength, […]

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Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August

May 5, 2024 Bitcoin.com

Arthur Hayes

Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.” Arthur Hayes’ Bitcoin […]

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NFT Market Sees Over 30% Decline in Weekly Sales

May 4, 2024 Bitcoin.com

7-day NFT sales

From April 27 to May 4, 2024, non-fungible token (NFT) sales amassed $164.4 million, reflecting a 30.16% decrease compared to the previous week. Leading the field in blockchain sales, Bitcoin-based NFT sales totaled $56.81 million, experiencing a 41.57% drop from the preceding week. Bitcoin and Ether Lead in Volatile NFT Market; Weekly Sales Down 30% […]

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