Bitcoin Climbs Near $44K as U.S. Stocks Nurse Biggest Three-Month Loss - The Stock Market News (2024)

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Bitcoin Climbs Near $44K as U.S. Stocks Nurse Biggest Three-Month Loss - The Stock Market News? ›

Bitcoin (BTC) neared the $44,000 level early Thursday and reversed some losses, which were caused by the sudden drop in U.S. stocks on Wednesday. The S&P 500 index closed 1.42% lower, impacting riskier assets such as bitcoin.

Bear markets in Bitcoin are brutal… and long. They've historically seen prices fall 70-80%+ and last about 1,000 days. However, each time (3) the market tends to forget just how bad a Bitcoin bear market is.

The live price of Bitcoin is $ 64,120.50 per (BTC / USD) with a current market cap of $ 1,262.28B USD. 24-hour trading volume is $ 42.76B USD. BTC to USD price is updated in real-time. Bitcoin is +4.97% in the last 24 hours with a circulating supply of 19.69M.

Bitcoin Market Cap is at a current level of 1.227T, down from 1.242T yesterday and up from 568.95B one year ago. This is a change of -1.17% from yesterday and 115.7% from one year ago.

Bitcoin (BTC) Price Prediction 2030

According to your price prediction input for Bitcoin, the value of BTC may increase by +5% and reach $ 82,088.80 by 2030.

Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.

Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 2 million bitcoins left to be mined.

If you choose to invest, it's important to maintain a diversified portfolio that includes several different types of investments to reduce your overall risk exposure. As a rule of thumb, don't invest more than 10% of your portfolio in risky assets like Bitcoin.

How much is BTC to a dollar? ›

Current BTC to USD exchange rate

1 BTC equals 61,667.00 USD. The current value of 1 Bitcoin is -1.88% against the exchange rate to USD in the last 24 hours.​ The current Bitcoin market cap is $1.21T. ​Create a free Kraken account to instantly convert BTC to USD today.

Our real-time BTC to USD price update shows the current Bitcoin price as $62,660 USD. Our most recent Bitcoin price forecast indicates that its value will increase by 13.68% and reach $71,230 by April 19, 2024.

Bear markets occur when prices in a market decline by more than 20%, often accompanied by negative investor sentiment and a weakening economy. Bear markets can be cyclical or longer-term. The former lasts for several weeks or a couple of months and the latter can last for several years or even decades.

Crypto traders usually buy during bearish markets for the benefit of lower cryptocurrency prices. As such, when bullish markets emerge, they have higher chances of making a solid profit. However, there's also a benefit to buying during a bull market.

Bitcoin creation follows a four-year cycle, and its price behavior, historically, has appeared to follow three distinct phases. First, there's typically a rapid rise in price. The rise in price is, secondly, followed by its peak and then a bear market.

JPMorgan said it expects bitcoin to fall after the reward halving. The bank's analysis shows that the cryptocurrency remains overbought. Miners will be most affected by the event, the report said.