Bitcoin (BTC) registered a sharp decline as the crypto market turned bearish. The flagship cryptocurrency is down almost 3% over the past 24 hours. Analysts believe BTC may stay in a consolidation phase, casting doubt on whether liquidity growth alone can drive a rally.
Bitcoin’s (BTC) momentum has stalled this week after it surged to an intraday high of $88,839 on Monday. The flagship cryptocurrency lost momentum after reaching this level, dipping to a low of $85,842. BTC is down over 1% and trading around $86,250.
Bitcoin (BTC) is marginally up over the past 24 hours as it holds above $87,000, continuing a recovery trend that started over the weekend. The flagship cryptocurrency maintained its position above $87,000 despite facing a wobble on Tuesday when it dropped to a low of $86,355.
Bitcoin (BTC) faced a bit of a wobble early on during today's session, dropping to a low of $86,358, with sellers looking to drive the price below $85,000. However, the flagship cryptocurrency recovered as buying pressure returned, and is up 0.50%, trading just below $88,000.
The crypto market has started the week on a very bullish note, with Bitcoin (BTC) registering substantial increases. The flagship cryptocurrency is up almost 4% over the past 24 hours as it sets its sights on $90,000. BTC has surged past $85,000 after a relatively quiet start to the weekend and currently trades around $87,500.
Bitcoin (BTC) is having a relatively calm weekend as it continues to trade sideways after struggling to build any momentum of note. The flagship cryptocurrency’s muted price performance comes despite the Securities and Exchange Commission delivering good news on mining and ETF inflows in positive territory.
Bitcoin (BTC) steadied itself around the $84,000 mark as momentum waned after Wednesday’s post-FOMC rally. The flagship cryptocurrency remained relatively muted on Friday, and it has registered only a marginal increase over the past 24 hours, trading around $84,300.
Bitcoin (BTC) registered a substantial rally on Wednesday after the Federal Reserve kept interest rates steady between 4.25% and 4.50%. The flagship cryptocurrency surged over 5%, surpassing key moving averages and $85,000 to reach an intraday high of $87,038.
Bitcoin (BTC) surged to a 10-day high, rising over 5% on Wednesday to a peak of $87,038 after the rate-setting Federal Open Market Committee (FOMC) left interest rates unchanged, aligning with market expectations. The flagship cryptocurrency is up over 3% in the past 24 hours and trading at $85,458.
Bitcoin (BTC) has rebounded during the current session as markets recover in the leadup to the US Federal Reserve’s Federal Open Market Policy meeting. The committee is set to announce its latest policy decision at 2 PM IST. With the markets rebounding, the flagship cryptocurrency is up almost 4%, trading at $84,270.
