Bitcoin surged past $29.3K for the first time since last June, jumping about 4% over an hour-long period Monday. Investors now await the March Consumer Price Index on Wednesday to see if inflation has continued to wane. JPRubin23 writes
For a while Monday, even as large parts of the world were off work celebrating Easter Monday, bitcoin seemed headed for a promised land above $30,000.
“There isn't a clear catalyst for this spike,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, wrote in an email to CoinDesk, although he said that the surge might stem partly from “buying from crypto traders voicing frustration on social media over a one-sidedMoya also noted that the move higher “occurred around the release of news that Federal Home Loan Bank debt issuance had lessened, signaling that “the banking crisis was easing.
In February, inflation in the U.S. slowed to 0.4% from 0.5% a month earlier and 6% on a yearly basis from 6.4% the previous month. Bitcoin jumped past $26,000 following that report, on March 14. “BTC is also being seen as a reliable store of value that lacks the issues that come with storing your money by way of a third-party intermediary, or a bank,” Richard Mico, the U.S. CEO and chief legal officer of, a payment-and-compliance infrastructure provider to the crypto industry, wrote in an email to CoinDesk. “This is further supported by the decreasing correlation with the equity markets since 2021 – BTC is now properly starting to be perceived as a risk-off asset.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Crypto-Related Stocks Surge as Bitcoin Price Hits Highest Point Since June 2022$MARA, $RIOT, and $HUT are leading the way as bitcoin tops $29,200, its highest price in 10 months. $COIN and $MSTR are also gaining. SteveAlpher reports
Leer más »
Bitcoin Faces Low Risk of 'Liquidations-Induced' Price Volatility After 70% SurgeThe amount of leverage in bitcoin perpetual futures relative to the cryptocurrency's market cap remains low, suggesting low odds of short-squeeze or liquidations cascade. Reports godbole17.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Jumps Back Above $28,000, Following Easter Break – Market Updates Bitcoin NewsBitcoin started the week climbing back above $28,000, as markets returned from the Easter holidays. Ethereum also rose higher.
Leer más »
Bitcoin price sets up for an explosive move as ADA, XLM, AAVE and CFX turn bullishBitcoin flashes a bullish inverse head and shoulders pattern, which is possibly luring traders into ADA, XLM, AAVE and $CFX.
Leer más »
CPI to spark dollar 'massacre' — 5 things to know in Bitcoin this weekBitcoin meets CPI, Ethereum Shanghai upgrade and more in a key BTC price week.
Leer más »
'Pop or drop?' Bitcoin analysts decide if BTC price will beat $30KBitcoin analysts increase confidence over a BTC price breakout as $30,000 resistance stays in place.
Leer más »