Bitcoin Holds Above $60,000, Giving a Boost to Other Cryptocurrencies
09.08.2024 14:10 1 min. read Alexander Stefanov
On Friday, Bitcoin (BTC) continued its upward momentum from Thursday, holding above the $60,000 mark.
This rise marks a significant recovery for Bitcoin, which recently plunged to below $50,000 due to broader volatility in global markets.
Following Thursday’s steady rise, Bitcoin rose over 7%, briefly approaching $62,000 early on Friday before settling at $60,800 at the time of writing.
Some altcoins also made gains, reaching new weekly highs. Ethereum led the way with just over a 10% increase in the last 24 hours, while BNB, Shiba Inu and Bitcoin Cash registered gains of 4.5%, 6% and 7.5% respectively.
Several factors may have contributed to this market rebound, including the inflow of just over $194 million into the spot Bitcoin ETF on August 8.
The influx of new investors and capital likely played a role in boosting the price of Bitcoin, which in turn helped the gains of other cryptocurrencies.
-
1
Institutional Interest in Tokenized Assets Grows as Bitcoin Stalls
08.02.2025 17:00 2 min. read -
2
Bitcoin Poised for New Highs by Q1 2025 Despite Mixed Market Sentiment
01.02.2025 17:00 2 min. read -
3
Bitcoin Set for Explosive 2025: How HODLers and FOMO Traders Are Driving the Market
25.01.2025 20:00 1 min. read -
4
Bitcoin Drops Below $100K as Market Weakness Grows
02.02.2025 10:36 2 min. read -
5
Robert Kiyosaki Warns of Bitcoin Price Drop Amid Tariffs, Sees Opportunity to Buy More
01.02.2025 18:00 2 min. read
Bearish Signal for Maker (MKR) Indicates Possible Pullback, Says Analyst
A well-known crypto analyst is warning that Maker (MKR), a prominent decentralized finance (DeFi) altcoin, may be heading for a correction based on technical analysis.
Bitcoin’s Path to a New All-Time High: Strategist Predicts $126,000 by April
A well-known crypto strategist who has a history of making accurate Bitcoin predictions is confident that BTC will hit a new all-time high in the coming months.
Ethereum Poised for Major Breakout, Analyst Predicts $10,000 Target
Ethereum (ETH) has made a notable recovery, surging over 12% since it dropped to $2,460 on February 3, following the broader downturn in the cryptocurrency market.
Here’s What’s Holding XRP Back and What Could Trigger a Breakout
XRP’s price remains stuck in a tight range as investors assess the fallout from the Bybit hack. Despite a broader selloff, the token has managed to hold above $2.5, though its recent price action suggests uncertainty.
-
1
Institutional Interest in Tokenized Assets Grows as Bitcoin Stalls
08.02.2025 17:00 2 min. read -
2
Bitcoin Poised for New Highs by Q1 2025 Despite Mixed Market Sentiment
01.02.2025 17:00 2 min. read -
3
Bitcoin Set for Explosive 2025: How HODLers and FOMO Traders Are Driving the Market
25.01.2025 20:00 1 min. read -
4
Bitcoin Drops Below $100K as Market Weakness Grows
02.02.2025 10:36 2 min. read -
5
Robert Kiyosaki Warns of Bitcoin Price Drop Amid Tariffs, Sees Opportunity to Buy More
01.02.2025 18:00 2 min. read
