Newsflash: Bitcoin (BTC) Surmounts $4,000, Sees Another Weekend Rally

2019-2-24 21:13

Bitcoin Rallies Past $4,000 As Altcoins Run

That’s right, the day has finally arrived. After trading under $4,000 for weeks on end, Bitcoin (BTC) found itself back over that price level on Saturday. According to data compiled by Coin Price Watch, the asset is currently trading at $4,133, finding itself up by 3%. Bitcoin markets have seen $8 billion dollars in volume over the past 24 hours, indicating that liquidity has returned to this nascent market — at least over the short-term.

Alternative crypto assets have also posted notable gains. Ethereum (ETH), for instance, has found itself up at $156.60, still holding strong above the strong technical and psychological resistance at $150. XRP is up 2.25%, selling just a tad below the $0.33 price point at $0.329. Most other cryptocurrencies are posting 2% to 5% gains, save for Maker, Ontology, Aurora, Qash, and Qtum, which are up by double-digits in terms of percentage points.

This is the second weekend in a row that the cryptocurrency market has rallied en-masse.

Crypto Catalysts

While many have welcomed this move, it is unclear whether there were fundamental catalysts for this rally. Some have drawn attention to an array of news, namely Elon Musk’s crypto comments, Samsung’s crypto/blockchain offering, JP Morgan’s in-house cryptocurrency, and the Lightning Network news, claiming that this move is just a delayed reaction to all that.

Most, however, have drawn attention to technicals, claiming that indicators were looking positive for this asset class. Just days ago, leading analyst Crypto Rand laid out a number of reasons why the BTC chart is looking bullish.

Less seriously, Max Keiser, an anti-establishment figure, joked that Bitcoin is up on the news that Warren Buffet “exposed himself.”

#Bitcoin up on news Warren Buffett exposes himself in his annual letter as an unmitigated fraud and charlatan reliant entirely on tax-payer bailouts and accounting tricks.

— Max Keiser, tweet poet. (@maxkeiser) February 23, 2019

Whale Panda, a leading industry personality and commentator, drew attention to a tweet from CNBC Futures Now, hinting at the long-standing belief that the outlet’s crypto calls are a contrarian indicator.

Thanks @CNBCFastMoney.https://t.co/Du0RvLTg7f

— WhalePanda (@WhalePanda) February 23, 2019

Note: by the time you are reading this, prices may have changed. 

Title Image Courtesy of Andre Francois Mckenzie Via Unsplash

The post Newsflash: Bitcoin (BTC) Surmounts $4,000, Sees Another Weekend Rally appeared first on Ethereum World News.

origin »

Bitcoin (BTC) на Currencies.ru

$ 98823.02 (-0.57%)
Объем 24H $38.378b
Изменеия 24h: -3.11 %, 7d: -5.70 %
Cегодня L: $98823.02 - H: $101508.43
Капитализация $1958.534b Rank 1
Цена в час новости $ 3889.13 (2441.01%)

bitcoin btc surmounts newsflash rally sees another

Источник: ethereumworldnews.com

bitcoin btc → Результатов: 126


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51


Фото:

El Salvador rings in Christmas 2024 with a Bitcoin twist

El Salvador continues to showcase its unwavering commitment to Bitcoin, doubling down on its cryptocurrency strategy despite stringent restrictions imposed by the International Monetary Fund (IMF). On 19 December 2024, the country purchased an additional 11 Bitcoin (BTC), valued at over $1 million, pushing its total reserves to nearly 6,000 BTC. This comes on the […]

2024-12-24 17:26


Фото:

Bitcoin Rally Set To Extend? Expert Foresees A $110,000 Price Target For BTC

The general cryptocurrency community is brewing with excitement and optimism following Bitcoin’s rally to a new all-time high on Monday. Despite the significant price growth, there are speculations that the uptrend may not be ending anytime soon, suggesting BTC’s potential for more increases to higher levels or milestones. Next Big Milestone For Bitcoin On The […]

2024-12-17 17:30


3 tokens on track for new all-time highs like Tron (TRX) and Bitcoin (BTC)

The crypto market has witnessed a number of tokens rallying toward new all-time highs (ATHs), including notable players like Bitcoin (BTC) and Tron (TRX). Despite some setbacks, such as the US government transferring nearly $2 billion worth of Bitcoin, BTC has remained resilient, triggering a massive impulsive move that saw it reach an ATH of […] The post 3 tokens on track for new all-time highs like Tron (TRX) and Bitcoin (BTC) appeared first on CoinJournal.

2024-12-15 21:58


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Arthur Hayes predicts Bitcoin dip to $70K before soaring to $250K in 2025

Arthur Hayes, former CEO of BitMEX, predicted in a Jan. 27 blog post that Bitcoin (BTC) is likely to correct to the zone between $70,000 and $75,000 before reaching $250,000 by the end of 2025.   Hayes argued that Bitcoin’s historical volatility makes a 30% correction plausible within this bull market.