Binance Square
Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
LIVE
Irma Korkia
--・12 views
🔥 Will Bitcoin Price Continue to Rise? 📉 Federal Reserve Interest Rate Impact: Following the Federal Reserve's decision to keep interest rates steady, the cryptocurrency market saw heightened activity. Bitcoin (BTC) initially surged above $59,000 but later dipped below $57,000 before recovering to these levels. 📈 Bitfinex Analyst Insights: Bitfinex analysts highlighted bullish signals for Bitcoin's price, including the undervalued status indicated by the Market Value to Realized Value (MVRV) ratio and the positive shift in the Open Interest (OI) weighted funding rate. 💰 Current Bitcoin Price: Bitcoin is currently trading at $59,400, reflecting a 3% increase over the last 24 hours. The market cap has approached $1.2 trillion again, while the trading volume in the past 24 hours decreased by 30% to $33 billion. 🔍 Market Sentiment: Despite fluctuations, Bitcoin's price movements are influenced by key indicators and market sentiment, suggesting potential for further price increases based on analyst insights and overall market dynamics.

🔥 Will Bitcoin Price Continue to Rise?


📉 Federal Reserve Interest Rate Impact: Following the Federal Reserve's decision to keep interest rates steady, the cryptocurrency market saw heightened activity. Bitcoin (BTC) initially surged above $59,000 but later dipped below $57,000 before recovering to these levels.

📈 Bitfinex Analyst Insights: Bitfinex analysts highlighted bullish signals for Bitcoin's price, including the undervalued status indicated by the Market Value to Realized Value (MVRV) ratio and the positive shift in the Open Interest (OI) weighted funding rate.

💰 Current Bitcoin Price: Bitcoin is currently trading at $59,400, reflecting a 3% increase over the last 24 hours. The market cap has approached $1.2 trillion again, while the trading volume in the past 24 hours decreased by 30% to $33 billion.

🔍 Market Sentiment: Despite fluctuations, Bitcoin's price movements are influenced by key indicators and market sentiment, suggesting potential for further price increases based on analyst insights and overall market dynamics.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
Irma Korkia
@crypto_Irma

Explore More From Creator

🔥🔥🔥 NOTCOIN NEW LISTINGS🔥🔥🔥 🚀Notcoin is a rapidly emerging cryptocurrency that has gained significant traction in recent months, propelled by social media interest. Its price surged over 300% in the past week alone, reaching a new all-time high. With a growing user base of over 30 million on Telegram, Notcoin is poised to continue its upward trajectory in the crypto market. The list of exchanges with NOT/USDT trading pair: 1️⃣ WhiteBIT 2️⃣ Huobi 3️⃣ OKX 4️⃣ Gate.io 5️⃣ KuCoin 6️⃣ Bitfinex 7️⃣ Binance 8️⃣ BitMart 9️⃣ Hotbit 🔟 CoinEx
--
🔥Crypto Price Prediction: Bitcoin Takes Down $70,000, Floki and Kaspa Explode 📉 The crypto market has been fluctuating with uncertainty, displaying neutral candles on the daily chart and lacking momentum from both bulls and bears. 🚀 Bitcoin saw an uptick on Monday, likely driven by positive sentiment towards the spot Bitcoin ETF starting trading in Australia. Today, Bitcoin's price is up 2%, sparking a relief rally among major altcoins. Bitcoin (BTC): Bitcoin remained steady around $69,000, with strong demand between $66,900 and $68,900. The coin is developing a bullish pennant pattern, suggesting a potential breakout to $75,000 and $88,000. Floki: Inspired by Elon Musk’s Shiba Inu dog, Floki aims to combine meme culture with real utility. With today’s recovery, the FLOKI price jumped 15% to $0.000267. A breakout could push it beyond the all-time high of $0.0003437. Kaspa (KAS): Kaspa focuses on a high-performance, scalable, and secure blockchain platform. Its price has risen 48% since May, currently challenging its neckline at $0.15. A breakout could target $0.19 and $0.22. 📈 The ongoing consolidation is expected to conclude as Bitcoin nears a decisive breakout. Under the influence of a bullish continuation pattern—pennant, BTC could recuperate its bullish momentum and resume the uptrend.
--
🤑3 Top Factors Driving Bitcoin Price Rally In June 💰 Bitcoin touched $70,000 on Monday but retreated, reflecting investor uncertainty. Despite this, a long-term bullish outlook remains supported by increasing digital fund inflows, ETFs, and upcoming elections. 🚀 The approval of Ethereum ETFs in May reignited investor interest, pushing Bitcoin to $72,000 before correcting to test support at $67,000. Ethereum also reacted positively, hovering around $3,830. 📈 Bitcoin's potential uptrend revival above $70,000 could shift trader outlook to a new all-time high of $73,837 and subsequently $80,000. 📊 Several factors drive the potential rally in June, including four consecutive weeks of increasing digital asset fund flows. 1️⃣ Weekly digital asset fund flows hit $185 million last week, totaling $2 billion in May and $15 billion year-to-date. Bitcoin led with $148 million in inflows, while Ethereum saw a surge to $33.5 million after the SEC's approval of spot ETFs. 2️⃣ Bitcoin futures market open interest surged to $38.8 billion, indicating positive market sentiment. The Chicago Mercantile Exchange leads with $10.5 billion, followed by Binance and Bybit. 3️⃣ Bitcoin presents solid technicals, with a potential breakout above $70,000. The 20-day EMA at $67,430 reinforces support, and a bullish MACD signal may emerge. Closing above $70,000 would confirm the uptrend. 💡 Despite near-term fluctuations, Bitcoin's potential to reach new highs, possibly $100,000, is supported by positive fund inflows, ETFs, and US elections.
--
👀Ethereum (ETH), Cardano (ADA), XRP, Chainlink (LINK), Solana (SOL) Funds Attract Fresh Inflows 💼 According to a recent update by European alternative asset manager CoinShares, digital asset investment funds based on cryptocurrencies like Bitcoin, Ethereum, Solana, Litecoin, XRP, and Cardano saw a fresh wave of inflows. 📈 Bitcoin led the way with $148 million worth of inflow in just a week. Ethereum followed with $33 million worth of inflows over seven days, benefiting from renewed investor enthusiasm after the approval of spot Ethereum ETFs. 🌐 Solana came in third with $5.8 million in inflows, followed by Chainlink with $1 million. Other funds based on cryptocurrencies like Solana and Cardano saw negligible inflows. 🗺️ Geographically, the United States, Switzerland, and Canada led in total inflows, while Hong Kong saw only negligible sums after underperforming ETFs.
--
💵ADA Price Prediction for June 3 📈 ADA/USD: Cardano (ADA) has seen a 0.67% rise since yesterday. On the daily chart, ADA is testing the $0.446 resistance. A breakout could lead to a test of $0.4650 soon. ADA is currently trading at $0.4550.
--

Latest News

Renzo Protocol's REZ Token Sees Significant Staking Activity
--
Australian Federal Court Waives Fine Against Fintech Firm Block Earner
--
Sender Labs Launches Sender Wallet Telegram Bot for NEAR Ecosystem
--
Rune Sees Significant Increase in Trading Volume and Market Value
--
Cryptocurrency Address Begins With 0xf78b Withdraws 478 ETH From Exchange
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie