Are you curious about Bitcoin, cryptocurrency, or blockchain? Finding the best cryptocurrency websites can be challenging, like searching for a needle in a haystack. Luckily, I’ve done the hard work for you! After extensive research, I’ve curated a collection of the finest crypto links that are dedicated to expanding your knowledge of Bitcoin and cryptocurrencies. Many of these websites I’ve personally used. Keep checking back, as this list continues to grow over time. Don’t forget to bookmark it for future reference, Cryptounit!

Ethereum

Ethereum

$2,311.49

ETH 0.79%

Bitcoin

Bitcoin

$42,766.88

BTC 0.07%

Litecoin

Litecoin

$67.63

LTC 0.98%

ETH/USD:

[exchange-rates_badge amount="1" base_currency="ETH" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

BTC/USD:

[exchange-rates_badge amount="1" base_currency="BTC" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

LTC/USD:

[exchange-rates_badge amount="1" base_currency="BTC" flag_type="none" decimals="2" id="1690700525" currency_list="USD"]

CryptoUnits - 1539+ Best Cryptocurrency Websites & Bitcoin Sites List of 2023!

By crypto worshipper
Cryptocurrency Forensics 🚀🌑

Why is Bitcoin price up today?[2023-12-04]

Bitcoin Buyer Quietly Accumulates $424M of BTC in 3 Weeks

Why Bitcoin (BTC) Price is Up Today? | by Coinpedia Daily News | Coinmonks | Medium

Quick Overview

Bitcoin’s recent surge in the past 24 hours has led to nearly $30 million in liquidations for short positions, according to data from Coinglass.

In the last 24 hours, the cryptocurrency market witnessed over $119 million in liquidations, with the majority, $73 million, attributed to short positions. Coinglass data reveals that Bitcoin short positions bore the brunt, accounting for over $29 million in liquidations during this period.

The wipeout of short positions coincided with Bitcoin breaking through the $38,000 mark earlier today before retracing its steps. The leading digital asset, by market capitalization, reached a peak of $38,246 in the past 24 hours and is currently trading at $37,690, as of 11:50 p.m. ET, according to The Block’s Price Page.

Bitfinex analysts suggest that one of the key factors driving the recent price surge for the world’s largest digital asset is “anticipation of a pause in the Fed’s interest rate hikes.”

“The expected pause is likely to maintain or lower the overnight benchmark interest rate, one of the highest in U.S. history. This situation could make risk assets like Bitcoin more attractive to investors seeking higher returns in a lower interest rate environment,” explained Bitfinex analysts to The Block.

However, the analysts added that other factors are also at play. “Long-term Bitcoin supply has continued to remain dormant, while lower timeframes currently show aggressive market participants chasing price, engaging in market buying above the crucial $37,500 level. This resilience might also be reflected in Ether’s performance, with Bitcoin steadily trading above $37,500,” the analysts noted.

According to Bitinfocharts, the owner of a mysterious wallet has acquired 11,268 Bitcoin (BTC) worth $424 million since November 10, now ranking as the 74th largest BTC holder.

These purchases, including 875 tokens acquired today, were made at prices ranging from $36,000 to $38,000. This means the owner is sitting on around $9.8 million in unrealized profits at Bitcoin’s current price, just below the $38,000 level.

There has been online speculation that the wallet could be associated with one of several U.S. asset management giants, hoping to be granted regulatory permission soon to launch a spot Bitcoin ETF. However, it’s unclear if such “front-running” is permissible.

Nevertheless, if a spot ETF is approved, fund managers will be required to hold and custody a large quantity of Bitcoin to meet potential demand. This differs from synthetic products like CME futures, which involve trading contracts representing the underlying asset.

Deciphering the Surge: Unraveling the Factors Behind Today’s Bitcoin Price Rally

(Todd Cravens/Unsplash)

Introduction:

In the ever-evolving landscape of cryptocurrency markets, where volatility is the norm, the question on everyone’s mind today is, “Why is Bitcoin’s price up?” Over the past 24 hours, Bitcoin has experienced a notable surge, breaking through key resistance levels and causing a ripple effect across the entire crypto market. Let’s delve into the factors contributing to this sudden upswing.

  1. Market Dynamics and Liquidations:

The primary driver behind today’s surge is the liquidation of short positions. Coinglass data reveals that almost $30 million in Bitcoin short liquidations occurred in the last 24 hours, accounting for a significant portion of the over $119 million total liquidations in the cryptocurrency market during this period. The domino effect of short liquidations propelled Bitcoin’s price upward, as traders covered their positions amid the market’s bullish momentum.

  1. Bitcoin’s Intraday Performance:

Bitcoin’s intraday performance has been nothing short of remarkable. Breaking through the $38,000 mark, the leading digital asset reached a peak of $38,246 before retracing slightly. Currently trading at $37,690, Bitcoin’s price trajectory has not only attracted attention but also triggered a wave of market activity.

  1. Federal Reserve Speculation:

Bitfinex analysts point to the anticipation of a pause in the Federal Reserve’s interest rate hikes as a fundamental factor influencing Bitcoin’s recent price appreciation. The potential pause is expected to maintain or lower the overnight benchmark interest rate, historically one of the highest in the U.S. This scenario creates an environment where risk assets like Bitcoin become more attractive to investors seeking higher returns in a lower interest rate setting.

  1. Supply Dynamics and Market Sentiment:

Examining the longer-term dynamics, it’s noted that long-term Bitcoin supply has remained relatively dormant. Simultaneously, lower timeframes show aggressive market participants actively pursuing price gains, engaging in market buying, particularly above the crucial $37,500 level. This resilience is not exclusive to Bitcoin; it also appears to be influencing Ether’s performance, further emphasizing the impact of market sentiment on these digital assets.

  1. Mystery Wallet Activity:

Adding an intriguing element to the equation, a mysterious wallet has been making substantial Bitcoin purchases since November 10. Accumulating 11,268 Bitcoin worth $424 million, the wallet now holds the 74th position among BTC holders. The purchases, ranging from $36,000 to $38,000, have raised speculation online regarding potential ties to U.S. asset management giants preparing for regulatory approval to launch a spot Bitcoin ETF. While this remains speculative, the prospect of large institutions entering the market can significantly influence prices.

Conclusion:

In conclusion, the surge in Bitcoin’s price today is a multifaceted phenomenon driven by a combination of market dynamics, liquidations, Federal Reserve speculation, supply and demand forces, and mysterious wallet activity. As the crypto market continues to mature, it’s evident that a myriad of factors, both known and mysterious, contribute to the daily fluctuations in Bitcoin’s price. Investors and analysts alike will be closely monitoring these developments as the crypto narrative unfolds in this dynamic and ever-evolving financial landscape.

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