Bitcoin rose for the seventh consecutive session on Monday, recovering from a year-end slump, while investors cautiously await clues on the U.S. regulatory outlook before President-elect Donald Trump takes office this month.
Bitcoin rose on Friday, extending a recovery from a price rout seen over the new year holiday as traders sought more clarity on the U.S. regulatory outlook under incoming President Donald Trump.
Trump pledged to enact friendlier regulations for the crypto industry, and nominated a slew of crypto-friendly candidates for key regulatory positions, especially the Chair of the Securities and Exchange Commission.
A bearish signal, the 50 EMA’s loss could lead to more selling pressure, particularly if traders expect the downtrend to continue. The 200 EMA, which is around $76,160, and the psychological level, which is at $85,457, are the next important support levels. Even more severe drops may occur in the first quarter of 2025 if…
The token rose nearly 5% in the previous two sessions but failed to continue the positive momentum on Thursday as investors were cautious about the outlook for speculative assets like cryptocurrencies after the Fed indicated fewer interest rate cuts in 2025.
Bitcoin fell for the fourth consecutive day on Tuesday as a rally sparked by Donald Trump’s presidential election victory lost steam after the Federal Reserve turned hawkish last week.
Bitcoin edged lower on Monday and traded in a narrow range after clocking steep losses last week, as traders remained cautious amid macroeconomic pressures induced by hawkish comments from the Federal Reserve.
Bitcoin retreated further on Friday, marking its third consecutive day of declines as macroeconomic pressures induced by the Federal Reserve’s hawkish stance and recent profit-taking amid record highs sparked an extended pullback.
The world’s largest cryptocurrency had hit an all-time high of $108,244.9 on Tuesday after incoming President Donald Trump further raised the prospect of a Strategic Bitcoin Reserve last week.
The largest cryptocurrency reached an all-time high of $108,244 for a brief period on Tuesday. This came after incoming President Donald Trump raised the prospect of a Strategic Bitcoin Reserve, during an interview with CNBC last week.
