{"id":526868,"date":"2023-04-14T13:00:02","date_gmt":"2023-04-14T13:00:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=526868"},"modified":"2023-04-14T11:47:17","modified_gmt":"2023-04-14T11:47:17","slug":"bitcoin-price-nears-31000-is-the-crypto-winter-over","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-nears-31000-is-the-crypto-winter-over\/","title":{"rendered":"Bitcoin Price Nears $31,000 – Is The Crypto Winter Over?"},"content":{"rendered":"

The rollercoaster ride of Bitcoin price through the volatile world of cryptocurrency has been a wild one, and the recent surge in price has many wondering: is the crypto winter finally over?\u00a0<\/span><\/p>\n

With Bitcoin price approaching the $31,000 mark, investors and enthusiasts alike are eagerly watching to see if this is a sign of a long-awaited thaw in the cryptocurrency market.<\/span><\/p>\n

Bitcoin’s recent rally shows no signs of slowing down, as its price via CoinMarketCap <\/a><\/span>stands at an impressive $30,778 with a 1.79% increase in the last 24 hours and a 10.24% rally over the past seven days.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

Source: CoinMarketCap<\/pre>\n
With such strong momentum, the question on everyone’s mind is: where is Bitcoin headed next?<\/span><\/p>\n
Bitcoin Price: Experts Weigh In On Factors Behind Crypto’s Rally<\/strong><\/h2>\n
The recent surge in Bitcoin’s price has caught the attention of analysts who are trying to understand what has driven this impressive rise. While some attribute it to the historic trend of bull runs prior to <\/span>halving events<\/span><\/a>, others point to a combination of factors that have contributed to this increase.<\/span><\/p>\n
According to Wells Fargo equity analyst Jeff Cantwell, Bitcoin’s recent rise is due to three main reasons: <\/span><\/p>\n
First – the current banking turbulence has led many investors to see crypto as a “flight to safety”\u00a0<\/span><\/p>\n
Second – investors are covering their short positions. <\/span><\/p>\n
Third – a shift towards a “risk-on” mentality among investors, as the prospects of a Fed pivot have increased<\/span><\/p>\n
On the other hand, <\/span>Forbes suggests<\/span><\/a> that there are numerous factors driving Bitcoin’s surge, including the recent banking instability that has strengthened the belief that decentralized finance options like cryptocurrencies are needed more than ever.\u00a0<\/span><\/p>\n
With multiple factors at play, it remains to be seen how long this surge will continue and whether Bitcoin will maintain its upward momentum.<\/span><\/p>\n
Cryptocurrencies Rally On Friday As Market Cap Surges<\/strong><\/h2>\n
On Friday, several top crypto tokens rallied with gains seen in Dogecoin, BNB, XRP, Litecoin, and Solana. The global cryptocurrency market cap also saw a surge, rising to approximately $1.30 trillion, marking a 4.25% increase in the last 24 hours.<\/span><\/p>\n
Despite this rally, Bitcoin’s dominance in the market decreased by 0.95% over the day, currently sitting at 46.30%. At the time of writing, the <\/span>market cap of Bitcoin<\/span><\/a>, the largest cryptocurrency in the world, was around $595 billion.<\/span><\/p>\n
<\/p>\n
BTC total market cap inching closer to $600 billion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Little-Known Crypto WOO Outshines DEX Tokens With Surprise 32% Spike<\/a><\/div>\n
The crypto market appears to be showing signs of renewed bullishness with multiple tokens rallying and the global market cap surging. <\/span><\/p>\n
As always, investors and traders should exercise caution and perform their own due diligence before making any investment decisions.<\/span><\/p>\n
-Featured image from Pentair<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The rollercoaster ride of Bitcoin price through the volatile world of cryptocurrency has been a wild one, and the recent surge in price has many wondering: is the crypto winter finally over?\u00a0 With Bitcoin price approaching the $31,000 mark, investors and enthusiasts alike are eagerly watching to see if this is a sign of a long-awaited thaw in the cryptocurrency market. Bitcoin’s recent rally shows no signs of slowing down, as its price via CoinMarketCap stands at an impressive $30,778 with a 1.79% increase in the last 24 hours and a 10.24% rally over the past seven days.\u00a0 Source: CoinMarketCap With such strong momentum, the question on everyone’s mind is: where is Bitcoin headed next? Bitcoin Price: Experts Weigh In On Factors Behind Crypto’s Rally The recent surge in Bitcoin’s price has caught the attention of analysts who are trying to understand what has driven this impressive rise. While some attribute it to the historic trend of bull runs prior to halving events, others point to a combination of factors that have contributed to this increase. According to Wells Fargo equity analyst Jeff Cantwell, Bitcoin’s recent rise is due to three main reasons: First – the current banking turbulence has led many investors to see crypto as a “flight to safety”\u00a0 Second – investors are covering their short positions. Third – a shift towards a “risk-on” mentality among investors, as the prospects of a Fed pivot have increased On the other hand, Forbes suggests that there are numerous factors driving Bitcoin’s surge, including the recent banking instability that has strengthened the belief that decentralized finance options like cryptocurrencies are needed more than ever.\u00a0 With multiple factors at play, it remains to be seen how long this surge will continue and whether Bitcoin will maintain its upward momentum. Cryptocurrencies Rally On Friday As Market Cap Surges On Friday, several top crypto tokens rallied with gains seen in Dogecoin, BNB, XRP, Litecoin, and Solana. The global cryptocurrency market cap also saw a surge, rising to approximately $1.30 trillion, marking a 4.25% increase in the last 24 hours. Despite this rally, Bitcoin’s dominance in the market decreased by 0.95% over the day, currently sitting at 46.30%. At the time of writing, the market cap of Bitcoin, the largest cryptocurrency in the world, was around $595 billion. BTC total market cap inching closer to $600 billion on the daily chart at TradingView.com Related Reading: Little-Known Crypto WOO Outshines DEX Tokens With Surprise 32% Spike The crypto market appears to be showing signs of renewed bullishness with multiple tokens rallying and the global market cap surging. As always, investors and traders should exercise caution and perform their own due diligence before making any investment decisions. -Featured image from Pentair<\/p>\n","protected":false},"author":557,"featured_media":526872,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1122,6664,10923,4735],"class_list":["post-526868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc-price","tag-crypto","tag-crypto-market","tag-price-action"],"acf":[],"yoast_head":"\nBitcoin Price Nears $31,000 - Is The Crypto Winter Over?<\/title>\n<meta name=\"description\" content=\"The rollercoaster ride of Bitcoin price through the volatile world of cryptocurrency has been a wild one, and the recent surge in price has many\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-price-nears-31000-is-the-crypto-winter-over\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Nears $31,000 - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Nears $31,000 – Is The Crypto Winter Over?","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-nears-31000-is-the-crypto-winter-over\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-nears-31000-is-the-crypto-winter-over\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-43.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-43.png?fit=686%2C502"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc price","crypto","crypto market","price action"],"dateCreated":"2023-04-14T13:00:02Z","datePublished":"2023-04-14T13:00:02Z","dateModified":"2023-04-14T13:00:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Nears $31,000 – Is The Crypto Winter Over?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-nears-31000-is-the-crypto-winter-over\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-nears-31000-is-the-crypto-winter-over\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-43.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-43.png?fit=686%2C502\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc price\",\"crypto\",\"crypto market\",\"price action\"],\"dateCreated\":\"2023-04-14T13:00:02Z\",\"datePublished\":\"2023-04-14T13:00:02Z\",\"dateModified\":\"2023-04-14T13:00:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-43.png?fit=686%2C502","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/526868"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=526868"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/526868\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/526872"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=526868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=526868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=526868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}