Bitcoin experienced a drop in price, trading below $60,000 for the first time in two months, with resistance at $60,300 and support at $58,800. Ethereum faced losses but is expected to surge with resistance levels at $3,100 and $3,300. The overall crypto market valuation increased by 3.46 percent to reach $2.23 trillion, with predictions of new inflows from various investors.
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Hong Kong Approves Bitcoin and Ethereum ETFs, Signaling Crypto Ambitions
Hong Kong has approved Bitcoin and Ethereum ETFs, positioning itself as a crypto finance leader and diverging from China’s strict regulations. The ETFs aim to simplify crypto investing and attract significant investments to Hong Kong, with pending technicalities before their official launch. This move has sparked optimism for potential inclusion of mainland Chinese investors in the future.
read moreGlobal Crypto Market Cap Sees Marginal Increase, Bitcoin Nears Resistance
In the recent crypto market activity, Bitcoin, BNB, Solana, Dogecoin, and Cardano saw gains, while Ethereum, XRP, Toncoin, Internet Computer, and Uniswap recorded losses. The global cryptocurrency market cap increased by 0.13% to approximately USD 2.64 trillion, with Bitcoin’s market cap rising to USD 1.396 trillion and its dominance at 52.97%. Analysts anticipate a short-term sell-off post-halving but foresee long-term price appreciation, projecting BTC to reach USD 75,000 by May and USD 80,000 to USD 90,000 by Q3 2024.
read moreCryptocurrency Market Update: Mixed Performance, Bitcoin Halving Anticipation, and Technical Indicators
In Friday’s trading, the crypto market saw mixed performance, with some tokens gaining up to 2% while others experienced losses of 1-3%. Bitcoin’s price climbed above $70,000, with analysts predicting potential resistance at around $71.2k and projecting a long-term price appreciation. The total volume in DeFi is $7.54 billion, while stablecoins account for 91.65% of the total crypto market 24-hour volume.
read moreBitcoin Sees Minor Loss, Market Experts Predict Price Consolidation at $70,400
Bitcoin experienced a slight loss, with experts predicting potential consolidation around $70,400. Ethereum saw a small gain, while other cryptocurrencies fluctuated. The overall crypto market cap rose by 0.58 percent, reaching $2.65 trillion. Legal issues and regulatory probes continue to impact various players in the crypto space.
read moreCryptocurrency Market Update: Bitcoin Surges, Top Coins in Green
Bitcoin surged past $68,000, with expectations of reaching new highs. Other top cryptocurrencies like Ethereum, Dogecoin, Solana, Ripple, and Litecoin also saw positive movements. Shiba Inu emerged as the top gainer, while Fantom experienced a significant loss. The global crypto market cap stood at $2.53 trillion, showing a 24-hour gain of 6.05 percent.
read moreBitcoin Holds Strong at $63,000 Range Amid Growing Mainstream Adoption
Bitcoin’s price remains stable at over $63,000, with a 23% climb in the last week and a 45% surge in the preceding 30 days. Mainstream adoption of spot Bitcoin ETFs and the upcoming Bitcoin Halving event are credited for the upswing in price. Other top coins like Ethereum, Dogecoin, Solana, Ripple, and Litecoin saw a mix of gains and losses.
read moreBitcoin and Ethereum Consolidate as Altcoins Experience Mixed Trading Movement
Bitcoin has been trading in a range of $50,000-$53,000 after a 36% rally since the start of 2024. Experts anticipate a potential breakout above $53,000, with positive investor sentiment and a surge in Uniswap’s governance token. Ethereum has reclaimed the $3,000 level, while major crypto tokens show mixed trading patterns.
read moreBitcoin and Ethereum Prices Surge Amid Market Volatility
Bitcoin and Ethereum prices surged, showcasing resilience amid volatility. Despite declines in XRP and ADA, top gainers such as Flare showcased bullish momentum. Market experts anticipate positive price action amidst strong investor sentiment.
read moreCryptocurrency Market Update: Bitcoin and Altcoins Experience Minor Dips
Bitcoin and Ethereum experienced a slight pullback, but market optimism remains high. Analysts predict Bitcoin to reach $150K this year, while AI tokens like SingularityNet, FetchAi, and Render surged after Nvidia’s earnings beat. FOMC’s unchanged interest rates led to brief impacts on precious metals and a 1.13% decline in Bitcoin, hinting at a potential pre-halving correction. Additionally, Bitcoin regained $1 trillion in market cap, with analysts eyeing a target of $150,000 by mid-2025.
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