.Today -Â Bitcoin, the largest cryptocurrency by market cap, returned to trade above $58,000 amid a whipsaw trading price action this week triggered by several factors.
At one point in the week, Bitcoin traded above $59,000 only to return to near $56,000, even dipping as low as $54,339 in Monday's trading session.
After two prior days of losses, Bitcoin closed Friday's trading session in green after the U.S. CPI report came out on Thursday with a core CPI gain of 3.3% versus 3.5% projected, appearing bullish for crypto.
The monthly inflation rate fell in June for the first time in almost four years, offering additional support for the Federal Reserve to begin cutting interest rates later this year.
The rebound sustained at press time with BTC up 2.15% in the last 24 hours to $58,215 after reaching intraday highs of $58,483.
BNB $BNB Â price is turning down again after a six-day rally that saw it hit new record highs of $725 on June 6. BNB has since fallen to an intra-day low of $635. At the time of writing, the price was hovering around $643, down 5% over the last 24 hours, according to data from CoinMarketCap. #altcoins #BnbAth #Write2Earn! #writetowin #WriteRean2đ $BTC
đNYSE Plans Bitcoin Options, Bringing Another TradFi Giant Into Cryptođ¸
ďżźUnmute
Bitcoinâs Price Is Way Up. And $48 Trillion in Wealth Just Got Access
1 second of 45 minutes, 11 seconds
About This Video
Powered by JW Player 8.26.9
Â
Bitcoinâs Price Is Way Up. And $48 Trillion in Wealth Just Got Access
ďżź
01:10
Bitcoin Extends Rally as $1B in BTC Withdrawals Suggests Bullish Mood
ďżź
1:02:43
Why Financial Advisors Are So Excited About a Spot Bitcoin ETF
ďżź
02:21
When Could Traders See the Arrival of a Spot Bitcoin ETF?
ďżź
02:16
'Santa Rally' Could Spark Bitcoin to $56K by Year-End; PayPal Faces SEC Inquiry
"As traditional institutions and everyday investors are demonstrating their wide-ranging enthusiasm for the recent approval of spot bitcoin ETFs, the New York Stock Exchange is excited to announce its collaboration with CoinDesk Indices," NYSE Chief Product Officer Jon Herrick said in the statement. "Upon regulatory approval, these options contracts will offer investors access to an important liquid and transparent risk-management tool."
Bitcoin derivatives helped pave the way for this year's introduction of spot bitcoin ETFs, which turned into one of the most successful ETF launches in history. NYSE is owned by Intercontinental Exchange, which competes with CME Group â whose bitcoin futures are widely held in the industry. NYSE's entrance into the game provides another TradFi-friendly onramp to crypto.
In 2023, Intercontinental Exchange's ICE Futures Singapore collaborated with CoinDesk Indices to use XBX for its monthly contract settlement for CoinDesk Bitcoin Futures in that country. #BTCâ #EarnFreeCrypto2024 #BTC #btc70k #Write2Earn! $BTC $ETH $BNB
đşđ¸Donald Trump Vows to Protect Bitcoin from Elizabeth Warren and Regulatory Overreachđ¸đ
Addressing a crowd at the Libertarian National Convention in Washington, D.C. over the weekend, Trump assured that under his leadership, the future of crypto and Bitcoin would thrive within the United States rather than being pushed overseas.
Trump pledged to protect the rights of the nationâs 50 million crypto holders to self-custody, vowing to keep prominent critics like Elizabeth Warren away from their assets. Additionally, he promised to oppose the establishment of a central bank digital currency (CBDC), marking a notable shift from his previous skepticism towards the asset class #btc70k #EarnFreeCrypto2024 #BinanceLaunchpool #BNBéé˛ĺćçż #BNBToken $BTC $BNB $ETH
Ethereum (ETH) Price Surges 5% Moving Closer to $4,000, New All-Time High Soon?
As the launch of spot ETFs for Ethereum approaches, institutional interest in the cryptocurrency is on the rise. With Ethereum's price surpassing the $4,000 mark, the path to a new all-time high of $5,000 appears to be opening up. #altcoins #ETHETFsApproved #Learn2Write #learn2earn #ETHđĽđĽđĽđĽ $ETH $BNB $BTC
A detailed analysis of the daily chart shows that the $72K-$74K price range has acted as a formidable resistance for bitcoin, halting several upward attempts in recent months. This range is characterized by a high level of supply, resulting in substantial selling pressure and making it a challenging barrier for BTC buyers to overcome.
Bitcoin buyers have been attempting to break through this significant resistance area for several weeks. A sudden breach above this critical juncture could trigger a notable upward movement due to a significant short-squeeze event, potentially leading to a new all-time high.
On the other hand, this pivotal juncture could also act as a barrier, leading to a period of sideways consolidation and minor retracements. In this scenario, the 100-day moving average at $64.7K will serve as a crucial support level in the mid-term #btc70k #ETHETFsApproved #EarnFreeCrypto2024 #BinanceLaunchpool #learn2earn $BTC $ETH $BNB
BNB coin price eyes to cross $700 after recent surge
Currently, the pricing of BNB has increased by 5%, reaching the figure of $614, with every probability of it hitting the $700 mark. As per crypto analysts, if BNB takes advantage of the bullish sentiment about the markets, it may even go higher.Â
It is being predicted that June will be extremely lucrative for BNB, thus bringing about a fresh ATH.Â
Initially, BNB was released as a central coin, helping boost the Binance crypto exchange. Since its inception in 2017, the coin has traversed many a meandering path. From then onwards, it has been responsible for carrying out an entire array of functions, such as assisting users in getting discounted prices on Binance during transactions through the BNB coin.Â
Bitcoin Price Hits $69,000; Will It Break $75,000 Soon?
Bitcoin price added another 10% upside move to the recovery this week as it jumped from $65,860 to 71,979, but consolidating in the $68.5K-$70K range since hitting the local high. The crypto market, especially altcoins, witnessed massive volatility as investors awaited the U.S. SECâs decision on spot Ethereum ETF. #BTCâď¸ #BTCçŞç ´7ä¸ĺ¤§ĺ ł #btc70k #altcoins #PEPEâ $BTC $BNB $ETH
Binance ĐĄoin (BNB) is a cryptocurrency designed by the eponymous cryptocurrency exchange. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment. #BNB_Market_Update #btc70k #BNBéé˛ĺćçż #btc70k #BNBUSDT
Binance Coin (BNB): Stability with Breakout Potential
BNB, the native coin of the Binance ecosystem, is positioned for a significant breakout above $580, driven by a bullish pennant pattern. Currently trading at around $580.59 with a market capitalization exceeding $85.6 billion, BNBâs technical indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) suggest an optimistic outlook. If BNB breaks out of this pattern, it could surpass its previous all-time high (ATH) of $661 in the coming weeks or months. On-chain metrics are favorable, hinting at a possible price increase, though overall sentiment remains mixed, with some bearish tendencies observed through Long/Short Ratio and Weighted Sentiment indicators. The BNB breakout prediction is a crucial factor for investors to watch. #BNB_Market_Update #BNBToken #BNBéé˛ĺćçż #BNBć礌 #btc70k $BNB $BTC
BNB Price Prediction as The Binance Token is 10% Away From A New All-Time High â Time to Buy?
The BNB price has dropped by 1.5% today, with its fall to $610.69 still leaving it only 10% away from its all-time high of $686.
It set this record high back in May 2021, yet with the market riding growing bullishness as a result of Ethereum ETF hopes, BNB could easily set a new high in the next few days.
The alt is up by 5% in a week and by 95% in a year, and with Binance remaining the biggest crypto-exchange in the market by volume, the coin is likely to attract demand for a while yet.