Amidst the recent Bitcoin pullback from its previous all-time high above $73,000, Ki Young Ju, the founder and Chief Executive Officer (CEO) of Crypto Quant, reassures the broader crypto community
Crypto experts and analysts have given their opinions on how Bitcoin could rise in this bull cycle, with some opining that the flagship crypto token could rise to as high
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It began to stage a rebound late on Wednesday, aided by the policy decisions of the latest U.S. Fed meeting. The U.S. central bank held interest rates steady and hinted it would cut rates multiple times this year. This sparked a rally in global stocks, as well as in cryptocurrencies. An environment of lower interest rates is generally positive for risk assets, such as bitcoin. “I sense we consolidate here for a bit, but then should be rallying past all time highs very soon,” Vijay Ayyar, vice president of international markets and growth at crypto exchange CoinDCX, told CNBC. The bitcoin bump also pulled up other digital coins, with Ether 11% higher at around $3,575 at 4:15 a.m. ET
It began to stage a rebound late on Wednesday, aided by the policy decisions of the latest U.S. Fed meeting. The U.S. central bank held interest rates steady and hinted it would cut rates multiple times this year. This sparked a rally in global stocks, as well as in cryptocurrencies. An environment of lower interest rates is generally positive for risk assets, such as bitcoin. “I sense we consolidate here for a bit, but then should be rallying past all time highs very soon,” Vijay Ayyar, vice president of international markets and growth at crypto exchange CoinDCX, told CNBC. The bitcoin bump also pulled up other digital coins, with Ether 11% higher at around $3,575 at 4:15 a.m. ET
Bitcoin hovered around $67,000 on Thursday, as global markets rallied after the Federal Reserve signaled it would cut interest rates this year. The digital currency was trading at around $66,964.75 at 8:50 a.m. ET, up nearly 5% from 24 hours prior, according to data from CoinGecko. Bitcoin has been highly volatile after hitting an all-time high of $73,797.68 last week. The cryptocurrency dropped below $61,000 on Wednesday, shedding around $200 billion of value off the bitcoin market.
Bitcoin hovered around $67,000 on Thursday, as global markets rallied after the Federal Reserve signaled it would cut interest rates this year. The digital currency was trading at around $66,964.75 at 8:50 a.m. ET, up nearly 5% from 24 hours prior, according to data from CoinGecko. Bitcoin has been highly volatile after hitting an all-time high of $73,797.68 last week. The cryptocurrency dropped below $61,000 on Wednesday, shedding around $200 billion of value off the bitcoin market.
Last week, bitcoin climbed to a record $73,679, a price surge of nearly 70% from the start of the year. Prices have since eased somewhat: As of early Wednesday, the flagship currency was trading at around $62,500, due in part to the news Tuesday that Japan raised interest rates
Bitcoin Halving 2024 Explained : How it works & Why does it Matter The 2024 Bitcoin halving, anticipated to drive prices up significantly, highlights the importance of Bitcoin in the crypto world. This event may lead to increased adoption, new regulations, and global financial system impacts
Bitcoin Halving 2024 Explained : How it works & Why does it Matter The 2024 Bitcoin halving, anticipated to drive prices up significantly, highlights the importance of Bitcoin in the crypto world. This event may lead to increased adoption, new regulations, and global financial system impacts
El Salvador's 'Bitcoin Beach' cheers cryptocurrency surge In a surf town in El Salvador nicknamed "Bitcoin Beach," shopkeeper Maria Aguirre watched with delight as the cryptocurrency -- and her investment in it -- recently soared to new all-time highs. But not everyone in El Salvador is convinced by the cryptocurrency.