Prices

South Korea’s Bitcoin Premium Persists Amid Market Volatility

August 31, 2024 Bitcoin.com

Bitcoin

Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52% premium. Despite First Negative Dip Since Oct. 2023, South Korea’s Bitcoin Premium Continues Interestingly, […]

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Orange Juice Futures Hit All Time High Numbers Amidst Agricultural Commodity Rally

August 26, 2024 Bitcoin.com

All time high

The price of frozen concentrate orange juice futures contract has reached all-time high numbers this month, hitting 514.65¢ per lb and setting the stage for retail prices to skyrocket. The commodity, made famous by its part in the “Trading Places” film, is expected to keep rising due to climate factors and Brazil’s worst orange harvest […]

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Analyst Predicts Silver Prices Could Reach $200 Driven by Demand for New EV Battery Technology

August 15, 2024 Bitcoin.com

bitcoin.com

Kevin Bambrough, a financial expert with over a decade of experience in commodities markets, has predicted that silver could reach $200 per ounce in the next 10 to 15 years, riding the wave of increased demand for a new EV battery technology developed by Samsung. According to Bambrough, the new batteries may require 1 kg […]

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‘Going Full Hugo Chavez’: Bukele Expands Farmers’ Markets in El Salvador to Fight Price Gouging Practices

July 12, 2024 Bitcoin.com

bitcoin.com

President Nayib Bukele compared himself to the late Venezuelan President Hugo Chavez after announcing that Farmers’ Markets, an initiative of the Agriculture Ministry of El Salvador focused on offering lower prices to Salvadorans in selected items, will be permanently open. These markets are the latest weapon brandished by Bukele to bring prices down, having accused […]

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Ethereum Technical Analysis: ETH Surges Northbound Ahead of Anticipated ETF Listings

July 1, 2024 Bitcoin.com

bitcoin.com

On July 1, 2024, at 8 a.m. EDT, ethereum is trading for $3,457, with an intraday price range between $3,374 and $3,514. The 24-hour trading volume reached $10.35 billion, contributing to a market capitalization of $415 billion on Monday morning. Ethereum The ETH/USD 1-hour chart highlights a strong uptrend originating around $3,348. The sharp rise […]

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Analyst: Gold Demand From China Continues Supporting the Bull Market

May 23, 2024 Bitcoin.com

bitcoin.com

Jan Nieuwenhuijs, a gold market analyst, has assessed the state of the gold market, reporting that growing demand from both the private market and the People’s Bank of China (PBOC) has been instrumental in the rise of gold prices. Chinese private investors purchased 543 tonnes during Q1, while the PBOC acquired 189. China Continues Propping […]

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Historical cycle data suggests Bitcoin has left the ‘danger zone’ — Analyst

May 14, 2024 Coin Telegraph

Accumulation

Following a 23% correction, Bitcoin may have just entered a post-halving reaccumulation zone, according to one analyst.

Bitcoin (BTC) may have escaped the post-halving “danger zone” — and is now headed for reaccumulation, according to a crypto analyst citing historical data. 

On May 13, crypto market analyst “Rekt Capital” posted an update to his Bitcoin market cycle chart on X declaring that the “danger zone” when the asset corrects after the halving event is now over.

Bitcoin is celebrating with a “good bounce from the re-accumulation range low support,” he added.

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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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Bitcoin’s 61-Day Streak Above $60K Threatened, $271M in Liquidations as BTC Nears Critical Threshold

April 30, 2024 Bitcoin.com

$60K

Bitcoin prices experienced a notable decline on Tuesday, dropping more than 2% against the U.S. dollar in the last 24 hours, following a 7.8% decrease over the previous week. Global trading volumes on spot crypto exchanges have remained subdued, and in the past day, derivatives exchanges saw $271 million in both short and long positions […]

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Meme Coins Outperform Broader Crypto Market With Notable Gains

April 21, 2024 Bitcoin.com

bitcoin.com

In the past 24 hours, the meme coin crypto economy has risen by 9.6% against the U.S. dollar. The Solana-based meme token BONK emerged as the day’s top performer, climbing 41.8%, while FLOKI saw an 18.7% increase. Top Meme Coins Register Impressive Gains As of April 21, 2024, the meme coin sector is experiencing significant […]

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