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Bitcoin Price (BTC) News: Testing $110K Level Again
- Bitcoin traded just above $110,000 for the second consecutive day on Tuesday, supported by gains in major altcoins and a broader market rally.
- The rally was driven by positive remarks about decentralized finance from SEC Chair Paul Atkins earlier in the week, leading to significant gains of 24% for Uniswap and 13% for Aave.
- Market research by Vetle Lunde highlighted subdued funding rates around 1.3%, indicating cautious sentiment and defensive positioning despite Bitcoin nearing former all-time highs.
- Senior analyst Kirill Kretov expressed skepticism about the breakout's sustainability, warning the current move may be part of a volatility cycle favoring experienced traders navigating market fluctuations.
- The current cautious market tone indicates that Bitcoin might revisit important price floors near $105,000 and $100,000 if selling pressure intensifies, while the prevailing low leverage and cautious sentiment could support the development of a strong upward movement.
22 Articles
22 Articles
Bitcoin Price Fails at $110K—Is the Rally Running Out of Steam? - Overpasses For America
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin price started a fresh increase above the $10…
Bitcoin Consolidates At $107K Amid Bullish Long-Term Outlook - FinanceFeeds
Bitcoin (BTC) is currently trading at $107,594, reflecting a modest 1.5% decline in intraday trading. The cryptocurrency briefly touched an intraday high of $110,277 before retreating, with today’s range spanning $107,491 to $110,277. The recent price dip follows macroeconomic data showing cooler-than-expected U.S. inflation figures, a factor that temporarily dampened investor sentiment across risk assets, including cryptocurrencies. Despite the…
Bitcoin Price Fails at $110K—Is the Rally Running Out of Steam? - Coin Surges
Bitcoin price started a fresh increase above the $107,500 zone. BTC is now struggling to clear $110,500 and might correct some gains. Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $107,800 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $109,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if it…
DailyTruthReport
NewsBTCBitcoin Price Fails at $110K—Is the Rally Running Out of Steam?
Bitcoin price started a fresh increase above the $107,500 zone. BTC is now struggling to clear $110,500 and might correct some gains. Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $107,800 and the 100 hourly Simple moving average. There was a break below a bullish trend line with...
Bitcoin Price Struggles At $110K, But Here's Why A New ATH Is Likely
Bitcoin price is struggling to breach the $110k barrier for the third day in a row, as investors hope for a potential new all-time high in the near-term. The crypto market bellwether traded at $109,331 at press time, with its 25-hour trading volume down by 11%. At its current level, BTC is about 2% below its record highs, and the fact that it has gained 3.7% in the last week makes a new ATH a viable target in the near-term. Notably, BTC price mo…
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