Market Wrap


Finance

Bitcoin Tops $63K for First Time Since November 2021

Spot bitcoin ETFs are seeing massive inflows of money and BTC is crossing $1,000 milestones one after another in quick succession.

Bitcoin price rose 20% in a week (CoinDesk)

Markets

Bitcoin Tops $54K, May Run Towards $58K as Crypto Rally Resumes

Bitcoin could target $58,000 after the breakout, Swissblock analysts suggested.

Bitcoin price on Feb. 26 (CoinDesk)

Markets

Bitcoin Hits $52K, Regains $1T Market Cap; Genesis Cleared to Sell $1.3B GBTC Shares

Some traders are targeting the $64,000 level in the coming weeks as demand from spot bitcoin exchange-traded fund products grows.

Bitcoin price on Feb. 14 (CoinDesk)

Markets

Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation

The January CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.

Bitcoin fell from the $50,000 level after the January CPI report. (CoinDesk)

Markets

Bitcoin Tops $50K as Spot ETF Inflows Accelerate; ETH Rallies Amid Franklin Templeton's Filing

Bitcoin topped Monday the $50,000 for the first time since December 2021, and could run further towards $52,000, one analyst noted.

Bitcoin price on February 12 (CoinDesk)

Markets

Bitcoin Tops $47K as Spot Bitcoin ETFs Book One of Their Best Days

Spot bitcoin ETFs attracted Thursday their third-largest net inflows since debut, increasing their holdings by 9,260 BTC.

Bitcoin price on February 9 (CoinDesk)

Markets

Solana Gains More Than Bitcoin as Trader Speculates an 'Extreme Move' Is Ahead

The broader altcoin market also showed signs of rebounding from oversold levels, one analyst noted.

SOL price on Feb. 8 (CoinDesk)

Markets

Bitcoin Tops $44K, With Whale Accumulation Suggesting Conviction in More Price Gains

Continuing advances for U.S. stock markets also likely supported risk assets like crypto, with key indices making new all-time highs.

Bitcoin price on February 7 (CoinDesk)

Markets

Bitcoin Slips Towards $42K as Interest Rates Soar; Chainlink's LINK Defies Crypto Slump

Federal Reserve Chair Jerome Powell reiterated his hawkish stance on rate cuts in a Sunday interview, weighing on risk assets.

Bitcoin price on February 5 (CoinDesk)

Markets

Bitcoin Steady at $43K as Tumbling U.S. Regional Bank Stocks Reignite Worries

Bitcoin so far remained muted compared to its vehement rally during the March banking crisis, but one analyst said he's "cautiously long" amid the turmoil.

Bitcoin price on Feb. 1 (CoinDesk)