The U.S. Bureau of Economic Analysis reported the personal consumption expenditures (PCE) inflation data for September today. The annual PCE inflation comes in line with market forecasts at 3.4%, after an increase to 3.5% last month. Moreover, the Federal Reserve’s preferred gauge to measure inflation annual core PCE also comes in at 3.7%, falling from 3.9% last month. However, core PCE mo...
Bitcoin BTC $34,130 is due to finish 2023 as it started, on-chain analytics firm Glassnode said, as October gains near 30%.In the latest edition of its weekly newsletter, “The Week On-Chain,” released Oct. 24, researchers argued that the past week “sets the foundation” for a BTC price uptrend.BTC price “convincingly” beats out resistance levelsAs it hit $35,200 this week, Bitcoin eclipsed various key trendlines, which had previously acte...
The U.S. Bureau of Economic Analysis to announce the personal consumption expenditures (PCE) inflation data for September today. The annual PCE inflation is expected at 3.4%, after an increase to 3.5% last month. The Federal Reserve’s preferred gauge to measure inflation core PCE is expected at 3.7%, falling from 3.9% last month. However, on a monthly basis, core PCE is expected to acceler...
Google searches for “buy Bitcoin” have surged worldwide amid a major crypto rally, with searches in the United Kingdom growing by more than 800% in the last week.According to research from Cryptogambling.tv, the search term “buy Bitcoin” spiked a staggering 826% in the U.K. over the course of the seven days. “The remarkable surge in 'buy Bitcoin' searches in the UK, combined with the cryptocurrency's resurgence, underscores the growing inte...
Bitcoin (BTC) came close to breaking above $35,000 on Wednesday this week but retreated to confirm support at $34,000. The largest cryptocurrency rally broke out last week following rumors of the United States Securities and Exchange Commission (SEC) greenlighting a BTC spot exchange-traded fund (ETF) proposal by BlackRock.
Since then, crypto markets have been in the green with altcoins jo...
Bitcoin BTC $34,017 fell below $34,000 after the Oct. 26 Wall Street open as consolidation at 17-month highs continued.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
source
Bitcoin bulls remain strong and push BTC price near $35K, driving a broader crypto market rally. The global crypto market cap jumped 1% to 1.27 trillion over the 24 hours, with top crypto Bitcoin and Ethereum moving above $34k and $1800 levels, respectively. Meanwhile, a report by Matrixport reveals the potential of Bitcoin hitting $45K in 2023 and $125K by December 2024.
Bitcoin To Pick M...
After hitting its 2023 high of $35,000 earlier this week, the Bitcoin price has been consolidating at $34,500 for a while as the bulls continue to hold the bandwagon.
Will the Bitcoin Price Rally Continue?
The surge in Bitcoin’s value is due to the expectations that the first US exchange-traded funds (ETFs) directly investing in the cryptocurrency will soon receive approval. The key questi...
Bitcoin (BTC) may reach new all-time highs by the end of next year, but crypto investors should brace themselves for a “chopfest” in the meantime, according to veteran trader and analyst Peter Brandt. In an Oct. 26 post on X (formerly Twitter), Brandt told his 660,000 followers that Bitcoin had likely already bottomed in Nov. 2022 and that the cryptocurrency is on track to notch new highs by the third quarter of 2024.Anyone who declares the...
Bitcoin has been on a tear, with the cryptocurrency recently surging past $35,000, boosted by key developments within the crypto community and a decisive break above the $31,000 resistance level. What makes this rally particularly interesting is the growing sentiment among experts and analysts that the bottom may be in for Bitcoin. The latest individual to join this chorus has been the vet...
