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Binance Coin (BNB) Surges Amid Market Euphoria Over Spot Bitcoin ETF Approval ExpectationsThe cryptocurrency market has recently exhibited strong bullish momentum, fueled by growing anticipation surrounding the US Securities and Exchange Commission's (SEC) potential approval of spot Bitcoin exchange-traded funds (ETFs). Binance Coin (BNB), the native token of the Binance exchange, has joined the rally, demonstrating significant price gains

Binances Deal With US Department of Justice Boosts BNB Price to 3-Month High, Bitcoin Also BenefitsBinance Coin (BNB) surged 5.5% to $264

Bitcoin Bears Under Pressure: Institutional Bulls Counterattack, $80,000 Target Within Reach?Bitcoin's price fluctuations have been a hot topic in recent years, and a tug-of-war over its direction is currently underway. As Bitcoin surged past $70,000, bears are facing immense pressure while bulls are charging towards $80,000 or even higher

Bitcoin Halving: A Historical Review and Future OutlookBitcoin (BTC), the world's first decentralized digital currency, has always been a major driving force in the financial market, with its value fluctuating constantly. Bitcoin halving, an inherent mechanism within the Bitcoin system, is undoubtedly one of the key factors affecting its price trend

Bitcoin at $70,000: The Three-Year Box Ends, A New Journey Begins!At the end of 2023, Bitcoin (BTC), after crawling along the 30-day moving average for 5 days and pulling the 7-day moving average back to the 30-day moving average, suddenly gained momentum, leaping upward and quickly breaking free from the "ground" of the 30-day moving average at $65,000. It decisively breached the "wall" of $70,000

Bitcoin Consolidation: A Golden Opportunity for Low-Entry PositionsCurrently, Bitcoin is in a consolidation phase, with this range-bound trading pattern expected to last for several weeks. While short-term volatility may increase, investors shouldn't be overly concerned, as this is simply a precursor to Bitcoin's renewed strength

Can Bitcoin Break $100,000 in 2024? A Deep Dive into Bullish and Bearish FactorsBitcoin, the world's first and most popular cryptocurrency, has seen its price fluctuate wildly, captivating the attention of investors. In 2023, Bitcoin experienced a significant surge in price, leading many to wonder if it can sustain this momentum and reach the anticipated milestone of $100,000 in 2024

Bitcoin Rekindles Rally, Institutional Inflows and "Whale" Purchases Drive Market ReboundOn Monday, Bitcoin reversed its decline from last week, rebounding strongly and bringing a general warming to the digital currency market. The spot Bitcoin ETF rose across the board by about 11%, the CME Bitcoin futures BTC main contract closed at $71,075, up 6

Bitcoin Rebounds Strongly, Reclaims $70,000: Can Institutional Inflows Sustain the Bull Run?In the final week of March, Bitcoin's price rebounded strongly, reclaiming the $70,000 level, sparking heated market discussions. Despite a slight pullback in the US stock market, the cryptocurrency market demonstrated robust resilience

Factors Suppressing Bitcoin Price Appreciation Economic Perspective Price Elasticity Theory: Consumer demand elasticity affects price movements. Market Supply and Demand: Price balances supply and demand, curbing inflation

April 8, 2023 - Bitcoin's price has surpassed the $70,000 mark on April 8, 2023, reaching its highest level since April 1. Over the past 24 hours, Bitcoin has surged by 1

Bitcoin price recently surged higher and broke the $68,500 resistance level. This move suggests that the market may be in a recovery phase, however, it remains to be seen whether bitcoin will be able to sustain the upswing