Relief rally: Crypto inflows top $110B as Bitcoin recaptures $30K

The working week is set to end on a green day, with $113 billion of capital flowing back into the total crypto market cap over the last 24-hours. The post Relief rally: Crypto inflows top $110B as Bitcoin recaptures $30K appeared first on CryptoSlate.

Timeline of Bitcoin

The price of Bitcoin rose more than 6% on Friday morning as bulls battled to break above $30,000. The flagship crypto, battered this week to lows of $25,400 on some exchanges amid the Terra (LUNA) and UST chaos, even came close to breaching resistance at $31,000. At the time of writing, though, BTC/USD is trading The post Bitcoin price: Analysts' outlook as BTC bounces above $30K appeared first on Invezz.

The Bitcoin market is a place of constant clash between bulls and bears. Often, these animals take the form of short-term and long-term holders who are constantly trading coins with each other.

Ex-Meta executive David Marcus will launch a Bitcoin-focused startup after leaving Diem a few months ago so let's read more today in our latest crypto news. The ex-Meta executive is setting his sight on BTC-related projects so Marcus announced the launch of Lightspark which aims to expand the utility and the capabilities of BTC.

Suffering the effect of the current bloodbath in the crypto market, Bitcoin's (BTC) price on May 12 hit its lowest valuation of $26,350 since December 2020. The ongoing bearish trend has remarkable similarity with the previous mid-season bearish trend that lasted from May to June 2021.

Bitcoin (BTC/USD) remained extremely pressured early in the Asian session as the pair struggled to test the psychologically-important 30000 figure after traded as low as the 25338.53 area, its weakest print since the last few trading sessions of 2020.  Stops were elected below many downside price objectives during the ongoing descent, including the 30435, 29645, 28927, and 28426 areas, downside price objectives related to selling pressure that intensified around the 47469, 47200, and 48240 areas.

As LUNA's life support was all but switched off on Friday, BTC and ETH rallied, with prices climbing by as much as 10%. Today's price surge saw bitcoin climb above $30,000, with ETH once again trading above its $2,000 level. Bitcoin Bitcoin rebounded and was trading higher in today's session, as markets recovered a bit

The most primitive crypto Bitcoin is yet again standing strong quashing all the FUD's created on its way towards superiority. The asset withstood multiple external FUD's like ban, regulation, stock market turbulence, negative mentions, etc and the very recent one of a whale dump. No doubt the asset faced extreme plunge for a while but …

Canadian exchange-traded fund, Purpose Bitcoin ETF purchased a whopping 6.9k BTC just yesterday, recording its biggest Bitcoin purchase of over $2 billion in a day by a massive margin as revealed by data from blockchain information provider Glassnode. Prior to this, the largest daily inflow was around 2.9k BTC.

Concerns are being voiced that El Salvador could default on bond payments, with international critics claiming that President Nayib Bukele's “experiment” to grant bitcoin (BTC) legal currency status “has hit a wall.”

Bitcoin's (BTC) price is back above the crucial $30,500 level after a successful rebound from $26,350. Expert traders Michaël van de Poppe and The Wolf of All Streets believe the Bitcoin (BTC) price could possibly reclaim the $34,000 level if it tests $32,500.