Bitcoin price remains under pressure but select altcoins like XRP, DOT, XLM and SOL are showing signs of resuming their uptrend.
Bitcoin Price News
The price of Bitcoin (BTC) can refer to either the energy cost of maintaining and securing the Bitcoin network through mining or the market value of BTC at a particular moment or over the course of time. Most of the discourse tends to surround the latter.
Bitcoin is a radically market-driven asset that is not backed by any commodity or central authority. As such, Bitcoin price movements tend to be volatile. Bitcoin’s price today will be different from Bitcoin’s price tomorrow. Ultimately, the price of Bitcoin is the result of the combined activities of a global community of stakeholders including miners, traders and consumers.
There are various theories on how the market values (or ought to value) the price of BTC, from the supply-based pricing model, which necessitates increasing demand for value to increase, or the efficient-markets hypothesis (EMH), which asserts an ultraefficient, omnipotent marketplace that has already factored in the necessary information, to the stock-to-flow (STF) model, which measures an asset’s scarcity by tracking the ratio between current supply and annual production rate. This last model has attracted many in the BTC community for its thorough analysis and incredibly bullish sentiment.
After failing to reclaim the $50,000 level, BTC faces renewed selling pressure in the short term. However, short-term headwinds don’t negate the bull market.13091
"Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets," said Long.11294
Many traders believe the narrative that Bitcoin price drops ahead of CME BTC futures expiries, but data shows the trend is all bark and no bite.46879
Strategic investor Lyn Alden's outlook on Bitcoin remains bullish despite growing risks21483
New all-time highs keep rolling in for ADA/USD but familiar BTC hodlers have reasons to be "excited" about the coming months.74528
Bitcoin bulls struggle to push BTC price above $50,000, while ADA, MATIC and other large-cap altcoins realize double-digit gains.77473
Bitcoin is showing signs of topping out but many altcoins remain strong, a signal that the decoupling between the two is likely to continue for a few more days.45596
The number of whale wallets is down 16% since February.31470
Bitcoin saw a real test of its market composition on Thursday amid a sea of liquidations reminiscent of the events from last year.30030
Tesla’s decision to cease Bitcoin payments ignited a green energy debate that sent the price of low energy consumption protocols, such as NANO, HBAR and EWT, higher.42126
It seems the low funding rate on ETH futures contracts and the recent 96% rally are not enough to convince traders to buy the Ethereum price dip.26216
Bitcoin remains on slippery ground and the completion of a bearish candlestick pattern signals that further downside is possible for BTC and altcoins.73237
Ether now accounts for 19.2% of the overall cryptocurrency market, whereas Bitcoin dominance has fallen to 40.7%.14236
CEO Michael Saylor disclosed the $15 million BTC purchase on Thursday.19637