Cryptocurrency News Today TheBitTimes.com

The cryptocurrency market is gradually ascending, showing signs of revamp and renewal each day. The US tariff policies and the damage they have caused the market are also healing, with the market showing signs of embracing a new change. Bitcoin is also trading between $94k and $96k price levels, giving hope to people that the token can truly hit and cross the coveted $100k mark again. In this wake, the altcoins are also making a swift change, with coins like PEPE attracting more user momentum. Will Bitcoin (BTC) and Pepe (PEPE) be able to secure new highs as before? Let’s find out. Also Read: Binance Coin Prediction: AI Predicts BNB Price For May 10, 2025 Bitcoin Price Prediction Source: Watcher Guru Bitcoin is the leading market force, the guiding light that keeps the market intact and unhinged. BTC has lately been battered by multiple geopolitical forces, including the US tariff regime, which led the token to catapult to its current price levels. Despite its slow price momentum ...

Summary ⚈ ChatGPT-4o forecasts Bitcoin could hit $112K–$122K in a bullish May scenario. ⚈ Neutral or bearish conditions could push BTC as low as $78K by month’s end. ⚈ Historically, Bitcoin averages 7.52% gains in May, with early signs favoring bulls. As Bitcoin (BTC) price trades within the $96,350 to $97,180 range, OpenAI’s flagship large language model (LLM), ChatGPT4-o, put forth three distinct price targets for May 30 when queried by Finbold. At press time on May 2, Bitcoin was trading at $96,910, following a decisive move above the $90,000 level on April 22 accompanied by significant capital inflows.  BTC price 1-week chart. Source: Finbold According to the artificial intelligence (AI) model, a bullish scenario which would see strong exchange-traded fund (ETF) demand, interest rate cuts, and a general improvement in macroeconomic conditions could see the price of Bitcoin rise to $112,000 to $122,000 by May 30, which would equate to a 15.57% to 25.89...

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At press time, Bitcoin (BTC) was changing hands for $84,250 with the price of BTC increasing by 3.37% over the past 24 hours bringing year-to-date (YTD) losses down to 9.90%.  However, contextualizing the recent Bitcoin price increase is crucial. BTC price year-to-date (YTD) chart. Source: Finbold The cryptocurrency market shed $100 billion in value over the weekend, after having lost $100 billion on March 27. Macroeconomic concerns and worries surrounding the impact of tariffs dominate the narrative at present. Picks for you Ripple just unlocked 500 million XRP 2 hours ago Sui Network to unlock $150 million of SUI tomorrow – Sell time? 19 hours ago ...

The Bitcoin price surged 5% in the last 24 hours to trade at $103,945 as of 8:54 p.m. EST on trading volume that soared 25% to $69.4 billion. This comes amid optimism in the crypto industry ahead of the upcoming inauguration of the US President-elect Donald Trump on Monday, January 20th. The upward trajectory is largely attributed to the anticipation of crypto-friendly policies under the incoming administration. Bitcoin Price Indicators Suggest A Potential Breakout The BTC price Analysis on the 1-day timeframe exhibits a strong bullish trend. After a prolonged period of sideways consolidation earlier in the year, the Bitcoin price broke out decisively, as indicated by the large green arrow. A critical price pattern visible here is the sideways pattern within the $92,572-$103,913 range around, according to GeckoTerminal data. This area previously acted as resistance during the consolidation phase but turned into a robust support level after the breakout. The current price of Bi...

Spot Bitcoin ETFs registered their second-largest daily outflows on record as Mt. Gox transferred BTC worth $2.2 billion to unmarked addresses as the US election looms. The 11 spot Bitcoin ETFs saw $541.1 million leave their reserves on Nov. 4, according to Farside Investor data . Only the fund belonging to asset management titan BlackRock managed to record inflows on the day, securing inflows of $38.4 million. Invesco’s BTCO and WisdomTree’s BTCW recorded no new flows. Most of the outflows came from Fidelity’s FBTC, with $169.6 million leaving the fund. ARKB suffered the next biggest blow with $138.3 million in outflows. Meanwhile, both of Grayscale’s spot Bitcoin ETFs, GBTC and BTC, posted outflows of $63.7 million and $89.5 million, respectively. Record outflow day for Bitwise, Ark and the Grayscale Mini today https://t.co/mi5P64BP3Q — Farside Investors (@FarsideUK) November 5, 2024 The remaining funds, BITB, EZBC, BRRR, and HODL all saw capital...

MicroStrategy (NASDAQ: MSTR) is once again making headlines with its ambitious plan to transform into the world’s first “Bitcoin bank,” a move that has sparked renewed interest from investors.  As this plan unfolds, investors are eager to understand where MSTR stock could be headed, especially as the company targets a $1 trillion valuation. With founder Michael Saylor at the helm, the stock saw a sharp rise, climbing over 13% to $208.23 in just 24 hours—the highest price since March 2020. Picks for you Bitcoin price roadmap up to $78,000 is almost complete, highlights analyst 32 seconds ago Here’s how Bitcoin price could react to a rising CPI and PPI inflation 2 hours ago ...

The Bitcoin price soared 5% in the last 24 hours to trade at $64,169 as of 09:06 p.m. EST on trading volume that surged 55% to $42.8 billion. The pump came after Federal Reserve Chair Jerome Powell endorsed an imminent start to interest cuts, saying on Aug. 23 that further cooling in the job market would be unwelcome and expressing confidence that inflation is within reach of the Fed’s 2% target. “The time has come for policy to adjust,” Powell said in a speech at the Kansas City Fed’s annual economic conference in Jackson Hole, Wyoming. Bitcoin Price To Continue Rallying The Bitcoin price has eventually crossed above the sideways pattern, as the bulls win the struggle with the bears to soar above the consolidation phase. BTC has eventually overcome the $61,326 resistance zone, according to data from GeckoTerminal . BTC now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the uptrend. Moreover, the Relative Strength Index ...

The Bitcoin futures annualized premium jumped to 34% on Nov. 28, leading analysts to speculate about an imminent spot BTC ETF approval. The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's potential to break above the $40,000 mark in the short term. CME Bitcoin futures open interest, USD. Source: Coinglass CME's current Bitcoin futures open interest stands at $4.35 billion, the highest since November 2021 when Bitcoin hit its all-time high of $69,000–a clear indication of heightened interest, but is it enough to justify further price gains? CME's remarkable growth and the spot Bitcoin ETF speculation The impressive 125% surge in CME's BTC futures open interest from $1.93 billion in mid-October is undoubtedly tied to the anticipat...

BTC futures and options held firm despite a wave of negative news, and data shows traders targeting $40,000. The cryptocurrency market recently experienced events that were previously expected to present a severe negative price impact, and yet, Bitcoin (BTC) trades near $37,000 on Nov. 22, which is essentially flat from three days prior. Such performance was utterly unexpected given the relevance of Binance’s plea deal on Nov. 21 with the United States Authorities for violating laws involving money laundering and terror financing. Bearish news has had limited impact on Bitcoin price One might argue that entities have been manipulating Bitcoin’s price to avoid contagion, possibly involving the issuing of unbacked stablecoins–especially those with direct ties to the exchanges suffering from the regulatory pressure. Thus, to identify whether investors became highly risk-averse one should analyze Bitcoin derivatives instead of focusing solely on the current price levels. The U.S. gove...