Category: Market Update

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Bitcoin Price Gains 7% in 24 Hours as Wall Street Bets on $2T Bailout

A reversal of Monday’s losses for stocks sees only minor reactions on Bitcoin markets, as analysts stay firmly hawkish. Bitcoin (BTC) jumped over $100 as Wall Street opened on March 24, markets broadly gaining amid hope of the United States agreeing a $2 trillion coronavirus rescue package.  Cryptocurrency market daily overview. Source: Coin360 BTC price…
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Bitcoin Price Turns Bullish as Traders Fight to Flip $6,400 to Support

Bitcoin price rallied to $6,600 as traditional markets withered, now traders will focus on flipping $6,400 from resistance to support. Bitcoin (BTC) price perked up today, rallying from $5,688 to a daily high at $6,600. The digital asset defied the worst fears of analysts by holding above the $5,400 support and currently Bitcoin continues to…
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More Monday Carnage? US Futures Plummet, Bitcoin Price Below $6K

Bitcoin price is holding the $5,800-$5,900 support but plunging Dow and S&P 500 futures could lead Bitcoin price to revisit prices below $4,000. After failing to gain above the $6,400 resistance on March 22, Bitcoin (BTC) bulls spent the remainder of the day struggling to bring the digital asset back above $6,000. At the time…
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Bitcoin Price Clings to $6K Amid Warning 90% Recovery May Trigger Dip

A surge towards $7,000 has been short-lived for Bitcoin, which has since dived by around $1,000 in 24 hours as analysts stay worried. Bitcoin (BTC) dipped below $6,000 on March 21 as an end-of-week rally to near $7,000 appeared to stall. Cryptocurrency market daily overview. Source: Coin360 BTC price ruminates at $6,000 Data from Coin360…
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Bitcoin Price Spikes to $7K as Fed Balance Sheet Nears $5 Trillion

Bitcoin sees $7,150 for a fleeting moment before climbing down to the mid-$6,000s, but traditional markets remain in deep trouble. Bitcoin (BTC) was gearing up to crack $7,000 on March 20 as the cryptocurrency’s miraculous turnaround produced almost 90% weekly gains. Cryptocurrency market daily overview. Source: Coin360 Data from Coin360 and Cointelegraph Markets showed BTC/USD…
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Here’s How High Bitcoin Price May Go if $6.4K Becomes New Support

Bitcoin price rallied to rebound above $6,000 and to the highest level since its 50% record plunge last week amid coronavirus fears. After rallying 21.6% to a new seven-day high at $6,375, Bitcoin (BTC) traders now seem intent on pushing the price higher to $7,200.  The digital asset has made an impressive 66% recovery since…
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Bitcoin Price Surges 10% to $5.6K as Stocks React to €750B EU Stimulus

Bitcoin begins to offset the cautious mood on traditional markets in the wake of a €750 billion pledge from the European Central Bank. Bitcoin (BTC) made unexpected gains on March 19 as another day of coronavirus misery suddenly turned positive for investors. Cryptocurrency market daily overview. Source: Coin360 BTC price reaches six-day high Data from…
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Bitcoin Slides 15% to $4.5K as Stocks Brace for ‘Black Monday’ Repeat

Another day of pain for Bitcoin traders sees BTC/USD briefly hit $4,440 before rebounding, as cryptocurrency shares global hyper-bearish sentiment. Bitcoin (BTC) suddenly fell another 7% on March 16 as a new week opened with fresh coronavirus turmoil across global markets. Cryptocurrency market daily overview. Source: Coin360 BTC price sheds $1.4K in a day Data…
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Bitcoin Price Tops $5.9K as Fed Cuts Interest Rates to 0%, Restarts QE

Bitcoin price rallied to $5,9540 as the U.S. Federal Reserve cut interest rates to 0% and unveiled a massive stimulus package involving $700 billion in QE. In the past hour Bitcoin (BTC) price perked up and rallied 14.33% to a daily high at $5,940. The strong upside move allowed the price to break out of…
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Bitcoin Price Bounces Above $5K as Analyst Forecasts a ‘Squeeze Up’

A brief spell at $4,940 was short-lived as traders rallied to keep $5,000 preserved in Saturday trading, following modest gains on traditional markets. Bitcoin (BTC) held onto $5,000 support on March 14 as markets broadly steadied after many saw their worst week in over 30 years. Cryptocurrency market daily overview. Source: Coin360 BTC price crash…
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