News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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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.
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Iran may require oil tankers to pay BTC tolls through the Strait of Hormuz, signaling a new use case for crypto as geopolitical tensions reshape global trade routes.
1146 - Market Update
Technical analysis, overhead supply awaiting absorption, and a shift in investor sentiment have increased the likelihood of Bitcoin reaching $80,000 in April.
1317 - Price Analysis
Bitcoin bulls spent the week stampeding toward a critical overhead resistance level, which, if breached, could restart the bull market in BTC and altcoins.
1395 - Price Analysis
Bitcoin holding above $72,000, along with a sharp uptick in whale activity, suggests traders may target the supply zone at $88,000.
1640 - News
Although US inflation was weaker than expected in March, the ongoing war between the United States, Iran and Israel has fueled macroeconomic uncertainty.
1137 - Market Update
Bitcoin saw a fresh attempt to hit new local highs on the back of lower-than-expected US CPI data, despite a giant gas-price increase.
1429 - Markets News
New BTC price analysis predicted that the bear market would bottom out later in the year, before beginning a "two-year accumulation phase."
1259 - Market Update
Bitcoin continues to show strength even as US recession risks rise and the fragile ceasefire with Iran begins to show cracks.
2758 - Price Analysis
Bitcoin whales sold $271 million in BTC on Sunday, but the steady absorption of supply by traders should help bulls maintain their hold on the market momentum.
2133 - News
A new Bitcoin–gold index highlights shifting views on crypto’s role as a store of value as correlations with equities increase and gold outperforms.
1869 - Market Update
Bitcoin avoids major volatility after the first of the week's two key US inflation reports, while a trader sees a "new upwards leg" coming for BTC price action.
1414 - Market Update
Bitcoin needs to regain momentum with higher trading volumes for BTC to reclaim $80,000 as support and sustain the recovery.
1947 - Market Update
Bitcoin and global markets rallied after the US and Iran announced a ceasefire, but data shows BTC bears have not closed most of their positions yet.
2498 - Price Analysis
Bitcoin’s relief rally is facing selling pressure near $72,000, but technical charts suggest a bullish bias. Will altcoins follow in BTC’s footsteps?
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