Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $ 50,000s or mid $ 40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts …
On Monday, Jan. 22, 2024, the value of bitcoin fell below the $ 40K mark for the first time in 48 days, as per market analysis. In the last 24 hours, bitcoin witnessed a 4% decline, with a 14.2% decrease observed over the preceding two weeks. Bears Take the Reigns—Bitcoin Falls Under $ …
Recent data indicates that CME Group maintains its top position in bitcoin futures open interest, holding $ 5.29 billion, followed closely by Binance with $ 4.65 billion. A comprehensive analysis of 14 distinct exchanges offering derivatives reveals a combined open interest totaling $ 40.74 billion as of Dec. 10, 2023. Rising High: …
On Sunday, December 3, 2023, bitcoin’s value surged past the $ 40K mark, peaking at $ 40,846 at 8:45 p.m. Eastern Time. Over the past week, bitcoin has witnessed an 8.4% increase and a 3% rise in the past 24 hours, achieving a peak that the cryptocurrency hadn’t seen in 20 months. Bitcoin …
The price of bitcoin (BTC) has risen 6% over the previous 30 days, pushed higher by factors such as its finite availability and growing investor confidence, according to this week’s Bitfinex Alpha report. Moreover, on October 1, a popular cryptocurrency trader suggested that $ 40,000 could be a “reasonable” BTC price in the upcoming …