Cryptocurrency News:Bitcoin and cryptocurrency prices fell Friday and reversed from a brief rally after the August jobs report came in short of forecasts. The price of bitcoin jumped near $57,000 early Friday before bottoming out at $53,334, back at its lowest level since early August.
Ethereum swooned 6% Friday and erased its gains from the year as the crypto markets slumped.
The Best Bitcoin, Cryptocurrency ETFs To Watch And Buy
Cryptocurrency Price Action
Bitcoin traded around $53,500 late Friday, down more than 4% over the last 24 hours, and back to its lowest level since Aug. 5.
Bitcoin has slowly pared its gains on the year from its March 14 record high of $73,798. That surpassed its previous all-time high of $68,990 set in November 2021.
The world's largest cryptocurrency rebounded about 157% in 2023. Bitcoin is up about 23% so far this year.
Ethereum fell near $2,210 Friday, now down about 46% from its 2024 high.
ETH hit its 52-week high of $4,092 on March 12, which marked the first time it crossed the $4,000 threshold in 26 months. The No. 2 crypto is still well below its November 2021 peak above $4,800.
Ethereum is now down about 3% in 2024.
Cryptocurrency Prices Heatmap:
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Digital asset investments are extremely volatile. While cryptocurrency's fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it's time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.
Despite their original promise, cryptocurrencies haven't acted as hedges against inflation. Instead, they've trended with the broader indexes. Read The Big Picture and Market Pulse to track daily market trends.
View IBD's Best Cryptocurrencies And Crypto Stocks To Buy And Watch page to help navigate the world of digital asset investments.
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FAQs
Instability in the U.S. banking system. Fear of inflation worldwide. High interest rates in the U.S. and the UK. Collapse of the largest crypto exchange FTX.
Is Bitcoin expected to fall again? ›
Cryptonewsz.com believes that the Bitcoin markets could continues to see a lot of bullish momentum. The market is expected to see a low price of $30,225, with a potential move to the $51,438 level in 2024. In 2025, the low is expected to be $39,512, with a high of $62,723.
Which crypto will boom in 2024? ›
Top 10 Cryptos in 2024
| Coin | Market Capitalization | Current Price |
|---|
| Ethereum (ETH) | $287.89 billion | $2,393 |
| Binance Coin (BNB) | $73.99 billion | $507.14 |
| Solana (SOL) | $62.45 million | $133.76 |
| Ripple (XRP) | $30.62 billion | $0.54 |
6 more rowsSep 6, 2024
Cryptocurrency Prices Today By Market Cap
The global cryptocurrency market cap today is $2.12 Trillion, a -1.31% change in the last 24 hours.
Why are all cryptos going down? ›
Losing market perception reduces the demand for a cryptocurrency and drives its value down. If you ever asked yourself, “why is crypto going down?” or wondered why some tokens crash (its value fell to zero or near-zero), a loss of market perception is often to blame.
What is the future of crypto in the next 5 years? ›
In summary, the future of crypto in the next 5 years looks bright. We expect increased adoption rates, especially from the retail client space. Technical innovation will also play its role, including interoperability solutions, DeFi, and the tokenization of real-world assets.
How much will 1 Bitcoin be worth in 2025? ›
Bitcoin (BTC) Price Prediction 2030
| Year | Price |
|---|
| 2025 | $ 63,501.28 |
| 2026 | $ 66,676.35 |
| 2027 | $ 70,010.17 |
| 2030 | $ 81,045.52 |
1 more rowBitcoin price predictions overview
| Year | BTC price prediction |
|---|
| 2024 | $41,979 - $69,900 |
| 2025 | $50,882 - $120,000 |
| 2026 | $150,000 |
| 2030 | $330,000 |
2 more rowsWhile BTC is volatile, it is safe to invest in provided you use a reliable exchange and wallet! Historically, investors who've held their Bitcoin for the long-term have been rewarded!
Which crypto has 1000x potential? ›
With potential returns projected at 1000x by 2025, 5thScape is a promising contender in the rapidly evolving crypto landscape.
By January 2025, 5SCAPE could potentially increase 1000x from its current value, driven by its expanding ecosystem and the growing VR market, making it a compelling investment. The token will soon witness a boost and could breach $1 mark post launch.
What crypto will skyrocket? ›
Furthermore, Ethereum ranks near the top in terms of revenue. It generated $2 billion over the past year, far outpacing its competitors. Once its supply shifts back to a deflationary trend, Ethereum is well-positioned for a significant price surge, making it a prime candidate for a rebound when the bull market resumes.
Who owns the most Bitcoin? ›
So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.
Which crypto to buy now? ›
Which Are The 10 Best Altcoin to Buy Now?
- 5thScape (5SCAPE)
- BlockDAG (BDAG)
- Solana (SOL)
- Ripple (XRP)
- Binance Coin (BNB)
- Avalanche (AVAX)
- EarthMeta (EMT)
- Cardano (ADA)
The current price of Bitcoin is $56,672.19 per BTC. With a circulating supply of 19,752,834 BTC, it means that Bitcoin has a total market cap of $1,136,621,398,474.95. The amount of Bitcoin traded has risen by $8,510,533,584.41 in the last 24 hours, which is a 22.33% increase.
What does Bitcoin halving mean? ›
The Bitcoin halving refers to an event that takes place about every four years and reduces the block reward by 50%. This lowers the supply of bitcoins entering the market, which increases scarcity and can act to raise its price if market conditions remain the same.
Who is behind the Bitcoin? ›
Bitcoin was created by an anonymous person or group using the pseudonym Satoshi Nakamoto. Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the concept of a decentralized digital currency.
When did Bitcoin reach its highest price? ›
By the way, to recap, Bitcoin's highest price was $73,844, and it was reached on the 14th of March, 2024. After gaining insight into Bitcoin's price history, you now have a better understanding of this cryptocurrency. However, it's important to remember that Bitcoin's value is subject to frequent fluctuations.
