There's definitely something of an irrational behaviour creeping into the market," said Kyle Rodda, senior markets analyst at Capital.com
After facing a slump in 2023, Bitcoin prices seem to be recovering this year as recently it inched closer to its record high since November 2021.
It is set for its biggest monthly gain in more than three years and at $62,315 in Europe on Thursday is within range of its late 2021 record high just under $69,000
The bigger bitcoin exchange-traded funds (ETFs), which were listed in the US on January 11, have seen a definite pickup in interest this week
Aside from ETF inflows, sentiment toward Bitcoin is "typically positive" during the Lunar New Year holidays that are currently underway in Asia, Fundstrat Global Advisors wrote in a note
The world's largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products
India needs clear rules on cryptos
A Bitcoin ETF is expected to make buying and selling Bitcoin easier through the stock market
Apart from Ethereum, almost all the major crypto coins traded range bound in the last one week
A minority (17.3%) decreased their crypto allocation. Unsurprisingly, the main concerns of survey participants are regulatory risk (29.7%), counterparty risk (21.6%), custody of assets (15.7%)
In its complaint, the SEC alleged that Binance and Zhao had "free reign" over billions of dollars of crypto assets from the US
Investors with high risk appetite may take 2-5% exposure in their portfolios to this volatile, unregulated asset
The largest token rose as much as 3.7% on Thursday to trade at $29,469.45, before paring the advance to around $28,930 as of 9:30 a.m. in New York
Some analysts argue the token is being viewed as a hedge against the woes in the US and European banking sectors and benefiting from expectations of looser monetary policy
Cryptocurrency news: According to some experts, however, despite the bull run, the investors must remain cautious
Twitter CEO Elon Musk has said that his interest has been switched from cryptocurrencies to artificial intelligence (AI)
The minutes, released on Wednesday, said that the members believe "ongoing" rate hikes will be necessary
On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400
The cryptocurrency market cap remained below $850 billion in the last seven days, and on Friday, the market cap was $835 billion
With the fall deepening, experts said that the markets may not reach the November 2021 level anytime soon