2024-7-29 17:00 |
The post Bitcoin vs Ethereum ETFs: A detailed comparison of IBIT and ETHA appeared first on CryptoSlate.
origin »
|
Bitcoin (BTC) climbed back to $88,900 on March 5 after dipping to a daily low of $81,500 earlier in the day, recovering most of the losses recorded over the past 24 hours. Based on CryptoSlate data, Bitcoin was trading at $87,524 as of press time , up 2% for the day after falling almost 10% […] The post Bitcoin reclaims $88k to reverse the day’s losses amid market turbulence appeared first on CryptoSlate.
Bitcoin’s (BTC) selling pressure is potentially subsiding as traders register 12% in unrealized loss margins, according to CryptoQuant’s head of research, Julio Moreno. Moreno added that this could potentially result in BTC getting stuck in a lateralization pattern for up to four months.
Bitcoin (BTC) regained the $105,000 price level after climbing 5. 1% in the past 24 hours. As of press time, the flagship crypto was trading at $105,505, followed by a 10% increase registered by the memecoin sector.
Bitcoin (BTC) briefly lost the $90,000 level to hit $88,900 on Jan. 13 after falling nearly 7% amid the macroeconomic uncertainty gripping the markets, according to Bitfinex’s latest Alpha report.
Bitcoin (BTC) reclaimed the $102,000 price level on Jan. 6 after climbing 4% over the day amid a wider market rally as accumulation continues to outpace profit-taking, based on CryptoSlate data. The flagship crypto was trading at $101,630 as of press time after failing to sustain upward momentum as US markets closed for the day.
MARA Holdings CEO Fred Thiel believes institutional involvement will significantly increase Bitcoin’s value, positioning the flagship crypto as a long-term growth asset. Speaking in a Jan. 2 interview with FOX Business, Thiel encouraged retail investors to adopt a steady, long-term investment strategy by regularly purchasing small amounts of Bitcoin.
The US dollar has surged to its strongest levels in years, fueled by optimism surrounding Donald Trump’s return to the presidency. Over the past year, the dollar has gained ground against major global currencies thanks to a rally fueled by the Federal Reserve rate cuts and the economic challenges of other countries, such as Japan.