On Tuesday, bitcoin surged again above $38,000 on hopes that, should inflation continue to drop, the US central bank would be getting closer to cutting borrowing costs.

Before reducing the gain, the largest cryptocurrency by market value increased by as much as 3.3% to $38,264. On Friday, the price of bitcoin hit an 18-month high of $38,422. In general, investors are more willing to take on riskier assets like digital tokens when interest rates are lower.

Investors may turn back to riskier assets when rates rise in an effort to obtain higher returns, according to Michael Safai, a partner at the quantitative trading company Dexterity Capital. Together with the impetus that cryptocurrency has gathered in recent months thanks to ETFs and the removal of FTX from the picture, traders believe that the ingredients are in place for a new bull run.

A recent slowdown in economic activity has encouraged Federal Reserve Governor Christopher Waller, who believes this suggests the central bank’s policy is tight enough. During a scheduled speech on Tuesday at the American Enterprise Institute in Washington, he made the remarks.

Due to anticipation that the US Securities and Exchange Commission would soon authorise an exchange-traded fund (ETF) that will make direct investments in bitcoin, the price of bitcoin has increased by more than 40% since the beginning of October. This year, Bitcoin has increased by almost 130%, following a 64% decline in 2022.

Additionally, the confidence has contributed to the rise in “crypto stocks,” like ETF proxy MicroStategy Inc., exchange operator Coinbase Global Inc., and miner Marathon Digital Holdings Inc. This year, the stocks of all three have increased by about 250%.

Key cryptocurrency tokens saw mixed trading on Monday, with Tron (2%), Toncoin (1.6%), Polygon 7.1%), Avalanche (3.5%), and Polkadot trading in the green and Bitcoin (-0.9%), Ethereum (-1.2%), BNB (-2.1%), XRP (-1.8%), Solana (-2.5%), and Chainlink (-5.5%) trading in the red.

In the meantime, over the past day, the value of the worldwide cryptocurrency market dropped by 0.43% to approximately $1.41 trillion.

At $36,933, BTC was down 0.9% on the market. The largest cryptocurrency in the world, Bitcoin, had a fall in market capitalization to $721 billion in the past day.

Currently, 51.20% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 0.6% to $13.04 billion in the previous day.

Over the weekend, Bitcoin continued to trade above $37,000, logging its fourth straight week of gains. Investors are bullish about spot ETFs after a 40% spike in recent weeks and a 6% increase in the last seven days. Now, attention is focused on the $40,000 mark.

Conversely, Ethereum is still above $2,000 thanks to Blackrock’s spot ETF registration, which is encouraging smart contract ecosystems. The fact that ETH encounters resistance at $2,500 and support around $1,900 adds to the general optimism in the market.

On Friday, major cryptocurrencies saw uneven trading as the value of the dollar declined. At $37,198.42, Bitcoin (BTC) was up 1.84%. Around 10.15 IST, prominent cryptocurrency currencies including as Dogecoin, Cardano, Solana, XRP, BNB, and Ethereum (ETH) saw increases ranging from 1% to 3.70%.

Over the last week, Bitcoin has increased by 0.80%, while Solana Dogecoin and Cardano have increased by roughly 4%, 2%, and 5%, respectively. On a weekly basis, XRP (-4.6%), Ethereum (-1.83%), and Tron (-5%) are the losers.

The US dollar has an inverse relationship with cryptocurrencies. At 103.61, the dollar index was down 0.30, or 0.29%.

The cause of cryptocurrencies has been aided by the dollar index (DXY), which fell to a two-month low and corrected by 1.9% over the last five sessions. The US inflation rate for October was lower than expected by the Street, which has contributed to the weakening. This has provided new momentum to those advocating for an interest rate pause. The Federal Reserve can decide not to raise interest rates any more as a result of the lower inflation figure.

With a notable hurdle around $38,000, bitcoin is currently trading cautiously upward at $37,100. Sustaining levels at $35,835, $35,235, and $34,522 indicate possible downward stabilisation points. Technical indicators provide a mixed but marginally optimistic picture, with the RSI at 51 suggesting a neutral attitude. There is a short-term bullish trend supported by the 50-day EMA at $36,400. A small ascending channel can be seen in the chart analysis, suggesting that the positive momentum may continue.

The expert prefers positive trends above $36,400, but caution is advised and immediate resistance is given weight for both short-term swings and possible moves in the days ahead.

BTC (+2.2%) had a sharp increase on this account, followed by a correction at $37.2k levels. With resistance at $38,000, the range of support is observed between $33,000 and $34.500.

Regarding institutional adoption, Chaturvedi noted that Fidelity is the most recent financial company to join rival BlackRock and five other firms in attempting to establish an Ethereum exchange-traded fund (ETF). He further stated that the arrival of major players in the industry like Fidelity is encouraging.

Regarding institutional adoption, Chaturvedi noted that Fidelity is the most recent financial company to join rival BlackRock and five other firms in attempting to establish an Ethereum exchange-traded fund (ETF). He further stated that the arrival of major players in the industry like Fidelity is encouraging.

Major cryptocurrencies saw gains in Thursday’s trading as market confidence that the Federal Reserve is done raising interest rates was bolstered by new inflation data.

In the meantime, US retail sales declined in October following many months of robust increases, suggesting a weakening economy and reinforcing views that the Fed will stop raising rates.

The price of Bitcoin was up 5.2% at $37,415, while Ethereum, the second-most popular currency, was up 3.6% at $2,054. The value of the world’s cryptocurrency market increased by 4.8% in the previous day to approximately $1.43 trillion at the same time.

Following a significant liquidation of leveraged positions totaling close to $100 million for the day, Bitcoin (BTC) is up 5%, trading around $37,700. The Federal Reserve’s easing cycle narrative is being supported by US inflation and retail statistics, which is driving the market recovery along with aggressive purchasing and macroeconomic fundamentals.

Over the course of the last day, Bitcoin has increased by more than 5%, trading at almost $37,500. This rise continues despite the US SEC not providing any updates on applications for Bitcoin Spot ETFs.”

Popular altcoins like Avalanche and Solana saw increases of 13% and 25%, respectively. Moreover, XRP, Cardano, Dogecoin, Toncoin, BNB, and Polkadot all saw 2-6% increases.

The largest cryptocurrency in the world, Bitcoin, saw a rise in market capitalization to $730 billion in the past day. Currently, 51.06% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased 21.76% to $28.3 billion in the last day.

With success, Bitcoin has maintained its $35,000 level of support and is moving closer to $38,000. In the next weeks, $40,000 becomes a possibility if this threshold is crossed. Many altcoins have the potential to catch up and push the entire market capitalization of cryptocurrencies towards $1.5 trillion if Bitcoin stays in its current range of prices.

In Wednesday’s trade, there was a mixed but mostly bullish movement in the crypto tokens. Ethereum, XRP, BNB, Cardano, Dogecoin, and Polkadot were trading in the red, while Bitcoin, Solana, Toncoin, and Polygon were trading in the green.

At 12:05 p.m., Bitcoin was up 1.12% at $35,308, while Ethereum was down below $1,900.

Toncoin and Solana, two more well-known altcoins, increased by 9%. Polkadot plummeted 8%, and BNB dipped 2.4%.

While altcoins like Solana and Toncoin have increased by more than 6% and 11%, respectively, Bitcoin is currently trading close to $35,300. The value of the entire cryptocurrency market has increased to a 16-month high of 1.34 trillion dollars as a result of the current price activity. Bitcoin needs to break through the $35,700 barrier in order to keep gaining momentum; if not, it might find support at $34,200.

Due to the increases shown by altcoins, the present market attitude is neutral with a positive bias, according to Edul.

In the past day, the total value of the cryptocurrency market rose by 0.18% to over $1.33 trillion.

The largest cryptocurrency in the world, Bitcoin, saw a spike in market capitalization to $689 billion in the past day. Currently, 51.75% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 43.07% to $18.66 billion in the last day.

While exhibiting some upside and testing the $36k threshold, Bitcoin stuck to its narrow range until once more finding support at $35k. Should Bitcoin reach $36,000, it would be an 18-month peak.

Current patterns in the Bitcoin market point to a consolidation phase, with day traders paying particular attention to a critical level near $34,990. In recent trade, the immediate resistance is located at approximately $35,360, which presents a challenge. Traders may aim for resistances at $36,051 and $37,018 if this level is broken. On the plus side, the first support is located around $34,693, and subsequent support levels at $33,281 and $32,481 may be reached if negative momentum persists.

Major cryptocurrency tokens saw increases in trading on Tuesday as the market was encouraged by optimism and bullish sentiments. In the past day, the value of the worldwide cryptocurrency market cap increased by almost 1% to approximately $1.33 trillion.

At 12:10 p.m., Bitcoin was up 0.16% at $34,930, while Ethereum was barely above $1,900.

A rise of more than 6% was seen in several well-known altcoins, such as Dogecoin and Toncoin. Litecoin, Cardano, Solana, Polygon, Polkadot, and BNB all saw increases.

As a result of Ripple’s involvement in notable projects, such as the recently announced CBDC pilot in Georgia and its inclusion in Dubai’s virtual asset regime, XRP increased by 3%.

Between $34,800 and $35,200, there is a narrow area in which bitcoin is consolidating. This suggests that investors are eagerly awaiting the market’s next significant move, either forward or downward. For Bitcoin to be able to continue rising in the coming weeks, it must maintain its support at $34,200.

At $4.89 billion, the overall volume in DeFi represents 11.98% of the 24-hour volume in the cryptocurrency market. At $36.08 billion, the total value of all stablecoins represents 88.44% of the 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, saw a 682 billion increase in market capitalization in the last day. Currently, 51.45% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 4.01% to $13.02 billion in the previous day.

With small daily fluctuations, Bitcoin is currently trading at $34,918 in the current trading environment, with a pivotal point around $34,662. It encounters immediate resistance at $35,352, which might lead to higher goals like $36,834 and $37,722. Support levels at $34,112 provide support, and if necessary, there are more cushions at $33,425 and $32,432.

In Monday’s trade, there was a mixed bag of unfavourable sentiment surrounding the crypto coins. XRP, BNB, Cardano, Dogecoin, Polygon, and Toncoin were trading in the green, while Bitcoin, Ethereum, Solana, Polkadot, and Tron were trading in the red.

In the meantime, the value of the world’s cryptocurrency market fell by 0.14% to approximately $1.32 trillion over the previous day.

Bitcoin was down 0.6% at $34,915, while Ethereum was trading below $1,900. Over 9% jumped in XRP.

In the last day, the price of Bitcoin has been circling around $35,000. This volatility can be explained by traders selling their Bitcoin gains and reinvesting the proceeds in altcoins. An additional possible contributing reason would be the United States’ announcement of a 150,000 job increase in October, which was less than the 180,000 economists had forecast and a decrease from the 297,000 jobs reported in September.

Meanwhile, the US Federal Reserve’s rate hold has spurred a rally in key cryptocurrency tokens during the past week. Ethereum increased by 5%, whereas Bitcoin increased by over 2%. Over 17% was gained by XRP, Solana, and Cardano.

The crypto fear and greed index increased 4 points from yesterday to be within the greed zone with a score of 74/100, indicating that investor mood has improved following the recent rally from last week. Although the current price surge may appear fleeting, market watchers are observing indications of long-term demand fueling the cryptocurrency upswing.

Currently, DeFi’s total volume is $4.31 billion, or 11.28% of the 24-hour volume of the entire cryptocurrency market. At $32.74 billion, the total value of stablecoins represents 85.76% of the 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, had a fall in market capitalization to $682 billion in the past day. Currently, 51.8% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 29% to $12.4 billion in the last day.

The dominance of BTC decreased by more than 1.5%, suggesting chances for altcoins to flourish. Support has also been discovered for ETH dominance, which may indicate a resurgence.

Significant cryptocurrency tokens saw a decrease in Thursday’s trading as a result of the multibillion dollar FTX fraud conviction of crypto billionaire and former FTX creator Sam Bankman-Fried.

Sam Bankman-Fried, the former cryptocurrency “golden boy” who was charged by US prosecutors with embezzling billions of dollars from his clients, was found guilty on all counts on Thursday and could now spend up to 110 years in prison.

In barely five hours, the jury in New York made a decision after a five-week trial. The individual often referred to as “SBF” will be sentenced at a later time.

In the meantime, the development caused the value of the world’s cryptocurrency market to drop by 1.8% in the previous day to $1.28 trillion.

At approximately 1.25 p.m., Ethereum, the largest peer, was trading at $1,796, down 2%, while Bitcoin was down 2.5 percent at $34,389 as of this writing.

Right now, the majority of the top 20 cryptocurrencies according to MCap are down. Before reversing course and trading back over $34.5k, Bitcoin was on the verge of crossing the $36k threshold. Many investors think that Sam Bankman-Fried’s guilty judgement in the FTX fraud trial may be the reason for this.

As a result of some traders locking in profits following the October upturn, the price of bitcoin is currently above $34,400. In order for Bitcoin to resume its upward trajectory, it needs to cross the $35,000 barrier or perhaps find support around $34,300. As investors await the release of the US Non-farm Payroll report later today, market mood is now neutral.

Solana fell almost 10%, making it the biggest laggard among other popular cryptocurrency currencies. There was a 1-3% fall in Dogecoin, Tron, Polkadot, XRP, and Shiba Inu.

The market capitalization of Bitcoin, the biggest cryptocurrency in the world, dropped to $671 billion over the previous day. 52.6% of the market is presently dominated by bitcoin, according to CoinMarketCap. The volume of Bitcoin fell 24.6% to $19.2 billion in the last day.

Tuesday’s activity in the main cryptocurrencies increased ahead of tomorrow’s anticipated interest rate announcement from the US Federal Reserve.

At around 12:49 p.m., Ethereum, the largest peer, was up 0.44% to $1,797, while Bitcoin was down 0.18% at $34,278.

October has seen a 27% increase in bitcoin, and it is expected to end the month significantly higher than $34,000. November may experience a modest decline in order to maintain market stability, based on 2019, the year prior to the halving. The solid $33,200 level of support is what Bitcoin has to hold in order to advance. This week, the dominance of Bitcoin has somewhat decreased while Solana, Polkadot, and XRP all had daily increases.

Over the past day, the price of bitcoin has been largely stable at $34,300 as investors await the US Federal Reserve’s Wednesday interest rate decision. Bitcoin needs to break through the $34,700 barrier in order to continue rising; otherwise, it may have to look for support close to $34,000.

Over the past day, the value of the worldwide cryptocurrency market has increased by 0.37% to over $1.27 trillion.

Solana and Chainlink, two more well-known altcoins, increased by 9.9% and 5.13%, respectively. Moreover, the prices of Litecoin, Tron, Cardano, Toncoin, Polygon, Polkadot, and XRP all increased.

Currently, DeFi’s total volume is $4.17 billion, or 10.2% of the 24-hour volume of the entire cryptocurrency market. At $36.65 billion, the entire value of stablecoins represents 89.63% of the 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, had a fall in market capitalization to $667 billion in the past day. Currently, 52.7% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 35.8% to $17.2 billion in the last day.

With Ethereum trading slightly over $1,765, Bitcoin is facing resistance over $35,000, where it registered a strong 15% weekly gain. The US jobs report and the Federal Reserve meeting are two macroeconomic events that could have an impact on the cryptocurrency market this coming week. Notwithstanding the upward trend, traders must use caution in analysing Bitcoin volatility.

Bitcoin stayed firm, gaining roughly a percent to hover stubbornly above 34,000-levels, while Ethereum gained half a percent apiece but remained below $1,800.

On Monday, Bitcoin and other crypto currencies maintained their upward momentum in the new week. All crypto coins participated in the early trades, extending the weekend momentum. The recent crypto rally has been aided by the enthusiasm around regulatory approval of a spot bitcoin exchange-traded fund (ETF) listing.

Bitcoin maintained its strength, gaining roughly 1% and remaining strongly above the 34,000-levels. However, its greatest peer, Ethereum, saw a half-percentage-point increase but remained below the $1,800 mark. The majority of altcoins were trading at a profit.

Bitcoin maintained its position above the $34,000 mark, owing to the current bullish view for the likely approval of Bitcoin Spot ETF applications in the United States.

The ProShares Bitcoin Strategy ETF (BITO) had its second-largest trading week to date, with $1.7 billion in trading volume, while the Grayscale Bitcoin Trust (GBTC) had $800 million, potentially increasing the general market’s favourable attitude. In contrast, Ethereum’s trading value remained above $1,700.

On Monday, the bulk of the main crypto tokens were trading higher. Solana gained roughly 3%, while Chainlink and Polkadot gained 3% each. Polygon, Cardano, and XRP all climbed approximately 2% in early trading. Even dollar-pegged stablecoins increased in value.

The worldwide cryptocurrency market cap was trading much higher, reaching $1.26 trillion after increasing by around 1% in the last 24 hours. However, total trade volumes increased by more than 13% to $27.37 billion.

Bitcoin finished the week with a whopping 15% increase. Throughout the weekend, BTC remained positive while remaining below its local resistance at $35,000. The price is currently hovering around $34,300, with ETH trading slightly above the local support level of $1,765.

It’s worth mentioning that the crypto market will be heavily influenced this week by a number of macro events, including the US FOMC meeting, the monthly announcement of the US unemployment rate, US job vacancies, and the US non-farm Employment Change. These occurrences have the potential to cause volatility in the cryptocurrency market.