Bitcoin (BTC), the world's largest cryptocurrency, continued its upward trend and came very close to reaching the $27,000 mark on Tuesday. Initially, BTC surged past the $27,000 level, which is the highest it has been since August 31st.
Bitcoin (BTC) futures positions worth over $44 million were wiped out on Monday in choppy trade that saw the spot price of the world’s largest cryptocurrency by market capitalization swing more than $1000 (over 4%) between session lows around $26,400 and new highs for the month around $27,400.
Bitcoin seems to be on an upward trend in the ever-fluctuating world of cryptocurrencies. Currently, Bitcoin is priced at $27,189, reflecting a nearly 3% rise in the last 24 hours and over 6% in the last seven days. The trading volume has reached an astonishing $10.4 billion.
In a vibrant start to the week, Bitcoin is registering a modest increase of nearly 0.50%, trading at $26,647. This uptick coincides with notable developments in the crypto landscape.
The world's most popular cryptocurrency, Bitcoin, has been steadily climbing over the past few weeks, surpassing the $26,500 level today. The Bitcoin price currently stands at $26,560, with a 24-hour trading volume of $9.6 billion.
As Bitcoin continues its oscillating dance on the charts, it gives subtle hints of a resurgence. The premier cryptocurrency currently trades at $26,244, marking a nearly 1.25% rise on Thursday.
Amidst the release of the Consumer Price Index (CPI) data for August, the Bitcoin price prediction landscape is under scrutiny, prompting a critical question: Is it opportune to consider buying the dip?
San Mateo-based Franklin Templeton, one of the world's largest global investment managers, has joined the spot Bitcoin exchange-traded fund (ETF) frenzy, filing an application with the US Securities and Exchange Commission (SEC) on Tuesday.
In recent market movements, Bitcoin has shown resilience as it bounced back from the significant $25,000 support level, leading many to question if the recent sell-off is coming to a close.
David Marcus, former PayPal President and present CEO of the Lightning Network infrastructure company Lightspark, says his firm is aiming to transform Bitcoin (BTC) into a global payment network.