Bitcoin (BTC) rose by about 2%, reaching a session high of $74,309 at the opening of Asian trading on Monday. The move came as a direct reaction to statements by Donald Trump about plans to form an international coalition.
Bitcoin, the largest asset in the cryptocurrency market, has sent an important technical signal, rising above its 50-day moving average for the first time in nearly two months. This development suggests the beginning of stronger upward momentum in the market.
Bitcoin rose on Friday, continuing its recent gains and reaching a weekly high, as hopes for more crypto-friendly regulation in the United States helped support markets despite ongoing concerns about the war involving the U.S. and Israel with Iran.
Bitcoin recovered above the $70,000 level during Asian trading on Tuesday as risk appetite returned after U.S. President Donald Trump said the ongoing war involving the United States, Israel, and Iran could end soon.
On March 4, the price of the leading cryptocurrency briefly exceeded $74,000, reaching this level for the first time in a month.
Bitcoin steadied on Thursday after a mix of regulatory optimism and improving sentiment drove strong gains in the world’s largest cryptocurrency, although risks from the Iran conflict still persisted.
The Ethereum cryptocurrency traded at $2,185.62 at 22:14 (19:14 GMT) on Wednesday according to the Investing.com Index, rising 10.01% during the day. This marks the largest daily increase since March 4.
Cryptocurrency markets rose on Wednesday following a sell-off triggered by the escalation of the Middle East conflict, Bloomberg reports.
While the conflict between the United States and Iran continues to pressure global markets, Bitcoin ($BTC) and the broader cryptocurrency market are showing notable resilience. Although Bitcoin and altcoins initially declined at the onset of the conflict, they later recovered. In fact, Bitcoin experienced a sudden rebound today, climbing above $71,000.
The crisis between the United States and Iran continues. As concerns grow that Trump’s statements could escalate the situation in Iran and potentially lead to the closure of the Strait of Hormuz, South Korea’s financial market has fallen into panic.
Bitcoin (BitfinexUSD) is recovering weekend losses, trading above the $67,000 level as investors react to a major geopolitical shift in the Middle East.
Bitcoin rose on Thursday, extending the previous session’s recovery, as a combination of dip buying and positive signals from Wall Street helped fuel a broader rebound in the battered cryptocurrency sector.
Amid growing risk appetite in the cryptocurrency market, Bitcoin approached the $70,000 mark.
Over the past 24 hours, the leading cryptocurrency has gained 6%. At the time of writing, the asset is trading around $68,400.
Cardano was trading at $0.2842 at 14:33 GMT on the Investing.com Index on Wednesday, posting a 10.24% gain on the day. This marked the sharpest daily increase for the cryptocurrency since February 6.
Bitcoin rose on Wednesday as buyers stepped in following sharp declines in recent weeks, while a positive overnight session on Wall Street also supported sentiment.
Українська
Русский
English