• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: BREAKING: Valkyrie Secures Green Light For Ethereum Futures ETF, Trading Launching Tomorrow
BItcoin
Sensei Inu Logo

Bitcoin Retakes Robust Position As Price Nears $45,000

Christian Encila by Christian Encila
2 years ago
in Bitcoin, Cryptocurrency Market News
Reading Time: 2 mins read

Bitcoin’s price has momentarily surpassed $44,000, extending its impressive streak of roughly $7,000 gains over the last week.

Bitcoin has steadily increased after weeks of difficulty, approaching the $45,000 mark – a 1% increase in the last 24 hours and a nearly 20% increase in the last 30 days, Coingecko charts show.

According to CoinMarketCap data, the world’s largest digital cryptocurrency was recently priced above $45,000 on February 10.

Bitcoin is exhibiting a trend that indicates it may sustain its recent gains. According to Bloomberg Markets’ crypto monitoring, a so-called triangle shape on Bitcoin’s price chart is compressing tighter and the cryptocurrency is poking at the triangle’s upper end.

Related Reading | Bitcoin Almost Hits $44,000 With Terra $125 Million BTC Purchase Tempo Up

Bitcoin On A Steady Upward Momentum

Bitcoin’s price has been steadily rising over the last week, spearheading a crypto market resurgence that has seen Cardano (ADA), Ethereum (ETH), and Solana (SOL) all increase by more than 10%.

Taken together, the increases have pushed the total cryptocurrency market back beyond $2 trillion.

BTC total market cap at $844.15 billion on the weekend chart | Source: TradingView.com

After breaking through the $40,000 barrier last week, bitcoin has maintained its gains and is now trading at the top confines of the $$44,000 zone it has been trading within since the start of the year.

As this unfolds, the US stock market is up today, as is cryptocurrency. The S&P 500 index is expected to gain 1.4% on a weekly basis, while the Nasdaq is expected to gain approximately 2%. Bitcoin has increased by approximately 6% in the last week.

Related Reading | Bitcoin Breaks Past The $40,000 Barrier Again – Can It Sustain The Momentum?

Can The ‘Digital Gold’ Hold Ground?

Bitcoin has long been referred to by some pundits as “digital gold” — a safe-haven asset that will remain stable when all other investments falter.

Bitcoin has only dipped below its four-year moving average a few times in its history, and even then only briefly, which means that the record price set four years ago is now considered the absolute bottom by some crypto analysts.

When Bitcoin does well, the rest of the market typically (but not always) follows suit. It’s been a good week, owing in part to a landmark Wall Street announcement: Goldman Sachs became the first major US bank to conduct a crypto transaction on Tuesday.

By purchasing an OTC Bitcoin non-deliverable option (NDO) from Galaxy Digital, the New York-based investment bank completed an over-the-counter (OTC) transaction.

According to others, this has resulted in an increase in investor confidence, as investors view the large sums of money and interest from established players as a cause to get involved and invest in crypto.

Featured image from TIME, chart from TradingView.com
Tags: bitcoinbtccryptocryptocurrency
Tweet123Share196ShareSend
Christian Encila

Christian Encila

Christian is a former journalist and editor, as well as a layout design consultant, who previously held leadership positions at Sun.Star News Philippines and Ang Peryodiko News, a local daily in Manitoba, Canada. Alongside his passion for writing, he is an avid fan of cryptocurrency and works tirelessly throughout the week. When he's not on his computer, you can find him tinkering with his old motorbike as a grease monkey, or lounging on the patio hammock while pondering about artificial intelligence and whether he'll ever understand his cat's thoughts and calmness.

Related Posts

Dogecoin Elon Musk X Twitter IPO

Twitter IPO: Dogecoin Takes Center Stage In Elon Musk’s X IPO Rumors

17 mins ago
Cardano

Cardano To Shed Its Gains? Profit-Taking Spikes To High Levels

1 hour ago
Bitcoin

Bitcoin And Gold Poised For Growth Amidst US Fiscal Troubles, Top Macro Investor Says

5 hours ago
New Generation of ASIC Miners released by ASICRUN

New Generation of ASIC Miners released by ASICRUN

6 hours ago
Crypto altcoins watchlist October

Crypto Watchlist For October: Altcoins To Keep On Your Radar

6 hours ago
Solana

Solana Outperforms 2 Top Altcoins – Its Ripple Effect On Prices

9 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • Traders Union Analysts Provide In-Depth ActiveTrades Review

    4 hours ago
  • Sportsbet.io Secures New Influencers for Ongoing Campaign

    4 hours ago
  • Meme Coins Won’t Make You Rich, But This Might

    6 hours ago
  • Everlodge, THORChain, and The Graph: Crypto Experts Predict...

    6 hours ago
  • Tradecurve Markets Set to Skyrocket 4,000% as Cosmos Hits...

    6 hours ago

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.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 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.