NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Bitcoin Proves European Central Bank Wrong: Hits All-Time High Against Euro

Ronaldo Marquez
Ronaldo Marquez
1 year ago
3 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin (BTC), the leading cryptocurrency, continues its remarkable bullish run, surpassing the $65,000 mark on Monday and inching closer to its all-time high of $69,000. Simultaneously, BTC has achieved a significant milestone against the Euro as economic concerns escalate across Europe. 

BTC Achieves Record Highs Against 14 G20 Currencies

Despite previous skepticism from European authorities, Bitcoin has soared to an all-time high of $60,200 against the official currency of the European Union (EU). This achievement is noteworthy, considering the Euro’s recent depreciation against Bitcoin, as depicted in the chart below.

Bitcoin
Euro depreciation against Bitcoin. Source: Jan Wüstenfeld on X

On February 22, the European Central Bank (ECB) expressed doubts about Bitcoin’s potential as a global decentralized digital currency, citing its “limited use” for legitimate transactions.

The ECB argued that Bitcoin had failed to live up to its initial promise of becoming a widely accepted payment or a reliable investment. It also highlighted the alleged “inconvenience, slowness, and high costs” of Bitcoin transactions.

Related Reading

FLOKI

FLOKI Grows Over 300% As Memecoin Breaches $400 Million TVL – Details

1 year ago

The ECB further raised concerns about the “history of price manipulation” and fraudulent activities associated with Bitcoin. It attributed these issues to the absence of a “fair value” for the cryptocurrency. However, despite the ECB’s reservations, Bitcoin has experienced a surge in institutional and retail investments. 

The recent approval and success of Bitcoin spot exchange-traded funds (ETFs) have played a pivotal role, attracting inflows of over $7.3 billion to the BTC market within just two months, prompting renewed bullish sentiment in the industry.

Bitcoin’s success extends beyond its achievement against the Euro. The cryptocurrency has reportedly reached all-time highs against the currencies of fourteen G20 countries, including the Japanese Yen, British Pound, Australian Dollar, Canadian Dollar, Chinese Yuan, New Zealand Dollar, Swedish Krona, and South Korean Won. 

Bitcoin Set For Potential Surge To $200k 

Reports of an impending surge in Bitcoin’s value have sparked excitement among investors, as market expert Gert Van Lagen predicts another substantial price increase. 

With BlackRock’s renewed interest in purchasing Bitcoin and a reported scarcity of the cryptocurrency on over-the-counter (OTC) desks, conditions seem favorable for a straight pump to $100,000. Van Lagen emphasizes that with limited resistance to upward movement, the potential for exponential growth appears limitless.

The analyst suggests that continued buying by spot ETFs at a rate of $900 million per day, coupled with a shallow market depth of approximately $20-40 million, can drive significant price surges. 

Van Lagen’s analysis also suggests that based on historical cycles, once the 1.618 Fibonacci extension of the 2018 bear market is breached, Bitcoin peaks within 2-3 months at the 2.272 extension. Currently, the 2.272 extension projects a potential peak of $207,000.

Related Reading

Shiba Inu

Shiba Inu Blasts Into Top 10 Crypto Following 175% Price Surge

1 year ago

Looking back at previous cycles, notable patterns emerge. 2013 Bitcoin topped within six weeks at the 2.272 extension of the 2011 bear market after breaking the 1.618 extension. 

Similarly 2017, Bitcoin peaked within three months at the 2.272 extension of the 2015 bear market, following a breakthrough of the 1.618 extension. 

Bitcoin has surpassed the 1.618 extension of the 2018 bear market in the current market. Van Lagen anticipates that Bitcoin will likely peak at the 2.272 extension of the 2018 bear market, estimated at around $200,000. 

Bitcoin
The daily chart shows BTC’s price trending upward. Source: BTCUSD on TradingView.com

Currently, the largest cryptocurrency on the market is trading at $65,300, up over 5% in the last 24 hours and over 27% in the last seven days.

Featured image from Shutterstock, chart from TradingView.com

Tweet123Share196ShareSend
Ronaldo Marquez
Ronaldo Marquez

Ronaldo Marquez

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

Read more

Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum Sees $6 Billion In Tokenized Funds As Big Players Jump In

Ethereum’s smart-contract platform has crossed a major line. According to data shared by Token Terminal on X, the total value...

Christian Encila 1 hour ago
bitcoin news

2025’s Biggest Bitcoin Bull Trigger Is Still Hidden, Expert Reveals

In a conversation with The Bitcoin Economy podcast, Bloomberg Intelligence ETF analyst James Seyffart argued that the next, and potentially...

Jake Simmons 3 hours ago
Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Alternatívna kryptomena k DOGE, ktorá môže zmeniť 650 $ na 65 000 $ za iba 4 mesiace

Len málo tokenov vyvolalo toľko rozruchu a sympatií ako Dogecoin. To, čo začalo ako vtip, sa vďaka memom, nadšeniu malých...

newsbtc 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum raggiunge i 6 miliardi di dollari in fondi tokenizzati mentre i grandi investitori entrano in gioco.

clararosati 12 minutes ago

Letni zastój na rynku Bitcoina? Niektóre wolumeny najniższe od lat

newsbtc 25 minutes ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

News BTC 1 hour ago

Premium Sponsors

Press Releases

  • ビットコイン23万ドル予測、注目の仮想通貨プレセールにも期待高まる

    ...

    8 minutes ago
  • EU全域でMiCA承認急増──仮想通貨おすすめの新時代到来か?

    ...

    21 minutes ago
  • ドージコイン DOGE に代わる仮想通貨おすすめ銘柄が今年大きな成長を遂げる見込み

    ドージコイン DOGE...

    31 minutes ago
  • こちらがご希望のリライト案です。キーワード「アルトコイン」をタイトルの最初に入れています。

    ...

    56 minutes ago
  • Mobile phone is a mining machine! ETHRANSACTION launches...

    1 hour ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.