By early March, Bitcoin had already doubled again, rising to more than $40. A couple of weeks later it surpassed $50, and then days later $60. It climbed to $70 the day after that. By the start of April 2013, Bitcoin had passed $100 in breathtaking fashion. Then eight days later it spiked to $230!
From there, it was just a week until Bitcoin was back at $68, as the bottom fell out. But then a week later, it had doubled again and traded north of $150. After the strong trading action in April and May, Bitcoin spent June and July settling down. Surely this was the peak of insanity for Bitcoin volatility. After months of consolidating from its rise earlier in the year, Bitcoin reached new heights in November 2013. Priced at $213 entering the month, Bitcoin doubled to nearly $435 just 12 days later. By the end of the month, it had nearly tripled from there, up to more than $1,200, before ending the year at $805, a real downdraft, but still up from just $541 a couple of weeks before. Late in the year, the People’s Bank of China banned financial institutions from using bitcoins.
Bitcoin Price Prediction: Will BTC aim to Rise Above $1 Trillion
Bitcoin bull run has been triggered, $50,000 could be on the horizon.
BTC Price Prediction 2024-2030
Minimum Price / Maximum Price
2024===$75,000 to $82,000
2030===$85,000 to $88,000
Bitcoin Price Prediction February 2024
The BTC price surged beyond $48,500 for the second time since the start of 2024, suggesting that the bulls are gearing up to display a magnificent rally soon. With the latest rise in value, the price is testing one of the crucial zones, and if it manages to surpass these levels, it may lead to a fresh upswing towards new highs. Now that the February trade is expected to close on a bullish note, the levels may be close to $49,500 to $50,000 by the end.
Bitcoin Price Prediction March 2024
With the markets heading towards the close of the first quarter, the optimism around the token may intensify along with rising expectations of a bull run ahead of Bitcoin halving This could increase the buying pressure, which may keep up the rally’s momentum. By the end of the month, the BTC price could trade in the range of $54,000 to $55,500.
Bitcoin Price Prediction April 2024
The beginning of the second quarter may start a fresh bullish trend, as the price could face strong bullish action. Further, with the successful completion of the Bitcoin halving, the price may initially rise above $60,000 and face some bearish pressure. However, before the end of the month, the bulls may regain their strength and revive the upswing, closing the trade within the range of $63,500 to $65,000.
Bitcoin Price Prediction May 2024
The start of May could be filled with extreme optimism and hope of forming a new ATH, as the price could be trading just 10% to 12% away from the highs. However, before marking a new ATH, the token may face another pullback, which may drag the levels below $60,000. The BTC price is expected to remain accumulated until the monthly close and trade within the range of $59,000 to $59,500 at the end.
Crypto exchange CoinDCX on February 13 announced that it has entered into an agreement with once leading and now defunct crypto exchange Koinex to bail out one lakh users while also adding them to its own user base. Users will get access to CoinDCX’s assets.
Koinex had shut down its operations in 2019 after facing various business and regulatory challenges.CoinDCX and Koinex will work closely to transition the users, and users who are already using CoinDCX will not need to go through additional KYC.
Sumit Gupta, Co-founder of CoinDCX, said, “This step aligns with CoinDCX's vision of nurturing a thriving, secure, and transparent VDA ecosystem in India…At CoinDCX, we strive to undertake initiatives that benefit the Web3 community. Our unwavering dedication continues into the future, as we aim to empower our community and unlock the potential of a decentralized future for all."
$BTC #Write2Earn Bitcoin tests $50,000 as spot ETF inflows accelerate: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Alex Miller, the CEO of Hiro, explains what’s driving bitcoin’s moves higher. Hiro is a company building development tools for Stacks, which aims to bring Ethereum-like capabilities to Bitcoin. Miller also explains how programmability is being brought to the bitcoin ecosystem and the implications for adoption.$BTC
Bitcoin pushes past $49k as crypto liquidations exceed $135m. BTC 50k comming soon.🔥
Bitcoin has gained 16% in the past week and over 15% in the last 30 days, but price volatility still rocks leveraged crypto positions across the board.
While Bitcoin (BTC) exchanged hands above $49,000 on Feb. 12 following eight consecutive green days, cryptocurrency traders experienced sweeping liquidations in the past 24 hours.
According to CoinGlass, over $135 million was eliminated from crypto markets, represented by both long and short positions. Traders take long bets when they expect higher prices and, conversely, short bets when the prediction tilts toward lower ranges.
The Securities and Exchange Commission (SEC) has secured a significant ruling in its favor in the ongoing lawsuit against Ripple Labs, the company behind the cryptocurrency XRP. The court has granted the SEC’s motion to compel Ripple to produce key financial documents and answer an important question regarding its XRP sales. The SEC filed a lawsuit against Ripple in December 2020, alleging that the company and its executives had raised over $1.3 billion through an unregistered, ongoing digital asset securities offering of XRP. Ripple has denied the allegations, arguing that XRP is not a security but a medium of exchange. The case has attracted a lot of attention from the crypto community, as it could have major implications for the status and regulation of cryptocurrencies in the US. The court’s latest ruling is a setback for Ripple, as it will have to disclose sensitive information that could strengthen the SEC’s case.According to the court order, Ripple must provide the SEC with its financial statements for 2022-2023, which the SEC claims are essential for determining an appropriate remedy in the event of a judgment in its favor. Ripple had argued that its financial health was irrelevant and highly confidential, but the court disagreed and found that this information was potentially probative to the remedy stage. Ripple must also answer an additional interrogatory on the proceeds from its institutional XRP sales after the initial complaint was filed. The SEC argues that this information could help in calculating any disgorgement, which is the repayment of ill-gotten gains. Ripple had objected to this request, saying that it was irrelevant and burdensome, but the court found that the SEC had sufficiently shown that this information could assist in crafting an appropriate remedy. The court also ordered Ripple to produce any post-complaint contracts it entered into with third parties regarding XRP. Pump soon..
Ethereum NFT volume approaches yearly high, following gas price surge
Non-fungible token (NFT) trading volumes on the Ethereum network have reached their highest levels in almost a year. NFT trading volumes have been at their highest weekly level since Feb. 26, 2023, according to the latest data from CryptoSlam.
Ethereum NFT volume approaches yearly high, following gas price surge
Non-fungible token (NFT) trading volumes on the Ethereum network have reached their highest levels in almost a year.
NFT trading volumes have been at their highest weekly level since Feb. 26, 2023, according to the latest data from CryptoSlam.
The increase in Ethereum NFT volume comes as the current No. 3 NFT collection by market cap, Pudgy Penguins, approaches the market cap of its competitor, Yuga Labs’ Bored Ape Yacht Club (BAYC) collection. Yuga Labs also owns Cyberpunks, the #1 lowest-priced collection.
Inscriptions and BRC-20 tokens have impacted the Bitcoin ecosystem beyond transaction metrics and block demand, serving as catalysts for ecosystem developments.
In our new #Binance report, we examine their impact and latest developments.
Have a read ⬇️ https://www.binance.com/en/research/analysis/navigating-the-inscriptions-landscape/