Bitcoin analysts search for guideline support zones amid heavy election BTC price volatility.
Markets news
Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand.
The possibility of Trump imposing hefty tariffs on Mexico is causing the value of Bitcoin to surge, especially against the Mexican peso. The value of Bitcoin increased by over 7%
Bitcoin hit a record high of over $73,000, spurred by Donald Trump’s positive election result and the liquidation of $94 million in negative bets against it. Other cryptocurrencies like Dogecoin
Bitcoin has broken past the $73,800 mark for the first time since March 13, as the battle to become the next United States president rages on.
One market analyst said there’s “no reversal in sight” for Ethereum’s value against Bitcoin.
Bitcoin’s price is rising on Coinbase, indicating strong demand in the U.S, as tracked by the ‘Coinbase Premium Index’. After Donald Trump pulled ahead in the presidential election, Bitcoin’s price
Solana is not only attracting meme coin creators, but also serious interest from financial institutions, according to Hadley Stern of Marinade Finance. Designed for high-volume transactions with low costs and
Solana gains alongside Bitcoin’s US election-related rally, and data hints that SOL price could hit $200.
Bitcoin’s dominance over the crypto market currently stands at its strongest point since April 2021, at 60.6%. Other smaller cryptocurrencies like Ethereum and Solana are struggling amidst high market volatility.