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The Bitcoin price dropped more than 3% in the last 24 hours to trade at $92,298.35 as of 10:45 p.m. EST as investors decrease their exposure to the leading crypto. The retracement by the BTC price coincides with a broader crypto market correction that has seen the digital asset space’s capitalization plunge over 4% in the last 24 hours. During this period, Bitcoin also briefly dropped below $91K to as low as $90,924.90. Bitcoin Price Resting On A Key Support  4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price is hovering above a support at $90,884.93. Should the largest crypto by market cap fall below this price point in the coming few hours, it could be exposed to the risk of plunging down to the subsequent support at $88,444.73 in the short term. On the other hand, the Bitcoin price managing to stay above the $90,884.93 mark for the next 8 hours might be seen as a positive sign. Traders will likely start to buy into the crypto market leader. This cou...

Bitcoin (BTC) remains consolidated in a tight trading range between $94,000 and $100,000, struggling to establish clear momentum amid lingering market uncertainty. At press time, BTC is trading at $96,907, posting a modest 0.16% gain. However, investor sentiment remains fragile, with U.S. spot Bitcoin ETFs recording a $430 million net outflow last week, marking a decline in institutional demand and adding pressure to BTC’s price action. Bitcoin one-day price chart. Source: Finbold Finbold AI predicts Bitcoin price target for March 1 As Bitcoin struggles to break free from its current range, Finbold’s AI-powered prediction tool has provided an updated outlook for its trajectory leading up to March 1, 2025. Factoring in technical indicators and market data, the model forecasts an average BTC price of $96,256 for the start of next month, a 0.07% decline from its current level of $96,323. Picks for y...

The Bitcoin price has slumped 1% in the last 24 hours to trade at $92,525 as of 2:45 a.m. EST on a 61% pump in trading volume to $56 billion. The recent slump in Bitcoin’s price comes as Tether completes its largest Bitcoin purchase since March, acquiring nearly $780 million worth of BTC in two transactions. This move comes despite Bitcoin falling from its mid-December all-time high of $108,000 to around $92,500. Tether’s total Bitcoin holdings now stand at approximately $7.75 billion, which is in line with its commitment to allocate up to 15% of its net operating profits to Bitcoin acquisitions. This demonstrates sustained corporate interest in Bitcoin, even during short-term price drops, with companies like KULR Technology and Quantum BioPharma also adopting Bitcoin to diversify their reserves and attract investors. However, MicroStrategy remains the largest corporate Bitcoin holder, significantly ahead of Tether, with a total of 446,400 BTC compared to Tether’s ...

As October nears its end, Bitcoin (BTC) has finally found the momentum expected from ‘Uptober’ as it first broke the protracted downtrend. The flagship cryptocurrency rallied from October 10 lows under $60,000 to a relatively stable level near $68,000 and, in the last 24 hours, surged above $71,000. Specifically, having managed a 4.22% rise to $71,184 during the last day of trading, Bitcoin is, at press time, 8.61% in the green in the 30-day time frame and has climbed 65.67% from where it stood at the start of 2024. BTC 30-day price chart. Source: Finbold Still, the world’s premier cryptocurrency has yet to reclaim the March – and all-time – highs above $73,000, and there is concern whether it’ll make it given the considerable volatility expected in the leadup to and aftermath of the U.S. presidential elections. Picks for you ...

The Bitcoin price rose 1% in the last 24 hours to trade at $60,530 as of 09:55 p.m. EST, despite trading volume falling 28% to $32 billion. The price of Bitcoin jumped higher yesterday to soar over the $60K level, tracking a surge in broader risk-driven markets as the positive U.S. labor market helped soothe last week’s concerns that a recession was imminent. Bitcoin Price Could Still Rally According to the Bitcoin price Analysis on the 1-hour chart, BTC has been on a sustained rally in the last three days, rallying within the rising channel pattern. The bulls capitalized on the $50,000 support to push the token up, according to data from GeckoTerminal . BTC now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the uptrend. Moreover, after a recent crash, the Relative Strength Index seems to be rebounding from within the 50-midline level to trade currently at 54, which is an indication that BTC bulls are actively buying. BTCU...