Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Bitcoin Price Regains $91k After Seven Weeks: Top Reason Bulls are Ruling the Crypto Market

Share This Post

Bitcoin Price Prediction for Today BTC Recovering Despite Mantra Rug-Pull

The post Bitcoin Price Regains $91k After Seven Weeks: Top Reason Bulls are Ruling the Crypto Market appeared first on Coinpedia Fintech News

  • The Bitcoin’s fear and greed index surged from 37%, representing fear, to 47%, indicating neutral, in the last 24 hours.
  • Technical and fundamental analysis suggest the crypto market will gain bullish momentum ahead.

Bitcoin (BTC) price led the wider altcoin market in recording gains in the past 24 hours. For the first time since the March 4 selloff, Bitcoin price rallied over 5 percent in the past 24 hours to trade above $91.3k on Tuesday during the mid-North American session. 

The wider altcoin market signaled bullish sentiment, thus the total crypto market cap gained over 3 percent to hover about $2.95 trillion at the time of this writing. Following the heightened volatility, more than $348 million was liquidated from the crypto-leveraged market, mostly involving short traders.

Forecasted Behind Bitcoin and Crypto Pump Today

Renewed Demand from Whale Investors

As gold price rallied to a new all-time high of about $3.5k/oz earlier on Tuesday, on-chain data shows whale investors have shifted focus on Bitcoin and selective altcoins. The renewed demand for Bitcoin and the altcoin market, by whale investors, significantly catalyzed bullish sentiment. 

Notably, the U.S. spot BTC ETF issuers recorded a net cash inflow of more than $381 million, possibly signaling an end to a longstanding dry spell.

Rising Open Interest (OI)

According to market data from Coinglass, the total crypto Open Futures (OI) increased by about 13 percent in the last 24 hours to hover about $120 billion. Bitcoin’s OI surged by over 16 percent in the past 24 hours to hover around $69 billion at the time of this writing.

Macroeconomic Tailwinds

The wider crypto market gained a bullish outlook on Tuesday, partially catalyzed by notable gains in major stock indexes. The Dow, S&P 500, and the NASDAQ indexes had gained at least 2 percent during the mid New York trading session.

The improving negotiations of the global trade war played a crucial role in the bullish outlook.

What Next?

From a technical analysis standpoint, BTC price is well positioned to rally towards a new all-time high in the near future. According to Standard Chartered’s Geoff Kendrick in a note to investors on Tuesday, BTC price could rally to a new all-time high if concerns over the Federal Reserve’s independence persist.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Dogecoin Shows Signs Of A Trend Reversal With This Key Chart Pattern

Dogecoin may be gearing up for its next big move, and technical traders are starting to take notice After a period of consolidation and choppy price action, a potentially powerful pattern is

Bitcoin eyes $120,000 price zone as exchange flows, leverage surge

Bitcoin’s (BTC) on-chain activity has intensified as the asset consolidates near $108,000, with $120,000 emerging as the next major price zone of interest  Glassnode’s May 28 report highlighted

Bitcoin 2025 Conference Concludes on Thursday: Key Takeaway Points from High-profile Speakers

The post Bitcoin 2025 Conference Concludes on Thursday: Key Takeaway Points from High-profile Speakers appeared first on Coinpedia Fintech News The Bitcoin 2025 Conference, held at the Venetian

Drawing Parallel to Rothschilds, Michael Saylor Says Bitcoin Will Anchor Future ‘Cash’ Settlement

Michael Saylor, founder of business intelligence firm Strategy (formerly Microstrategy), predicted bitcoin will become the foundational network for settling global financial transactions, drawing a

XRP Marks Another Milestone As Dubai Brings $16 Billion In Real Estate Company To The Blockchain – Details

XRP has achieved another impressive milestone with the Dubai Land Department’s announcement of a $16 billion real estate tokenization project on the XRP Ledger (XRPL) This development has been

JD Vance declares ‘Operation Chokepoint 2.0’ dead, pledges crypto market clarity

US Vice President JD Vance on May 28 said Operation Chokepoint 20 is “dead,” using his address at the 2025 Bitcoin Conference in Las Vegas to declare the end of federal regulatory actions
You have not selected any currencies to display