Today
+5.07%
1 Week
+10.37%
1 Month
+8.31%
6 Months
-4.06%
Year to Date
+43.27%
1 Year
+132.71%
Opening Price
60283.34Previous Closing Price
60200.01Alternative scenario: the downside breakout of 61940 would call for 60700 and 59960.
the downside breakout of 61940 would call for 60700 and 59960.
the upside prevails as long as 61940 is support.
Bitcoin (BTC) extends recent gains and trades above $62,000 at the time of writing on Thursday, following a 2.4% increase the previous day after the Federal Reserve’s (Fed) dovish decision to cut interest rates by 50 basis points.
According to the Financial Times, the Swiss stock exchange SIX, the third largest in Europe, is exploring the possibility of launching a new Bitcoin and crypto exchange in the country, aiming to position itself to compete with exchanges like Binance, OKX and Coinbase.
As BlackRock expands its presence in the cryptocurrency space with the launch of Bitcoin and Ethereum exchange-traded funds (ETFs), the asset manager has released a comprehensive Bitcoin paper that outlines BTC’s importance and its broader impact on the financial landscape.
An analyst has explained how Bitcoin will likely continue the latest bullish swing, at least in the short-term.
Bitcoin price remained supported above the $58,500 level. BTC formed a base and started another increase above the $60,000 resistance zone after the Fed surprised with a 0.50% rate cut.
According to one analyst, Tron, a popular smart contracts platform and a stiff competitor of Ethereum, could be one of the most important layer-1s. Based on his assessment, the platform now serves more as a transactional layer, similar to Bitcoin.