{"id":645007,"date":"2024-09-27T17:00:06","date_gmt":"2024-09-27T17:00:06","guid":{"rendered":"https:\/\/www.wncen.com\/?p=645007"},"modified":"2024-09-27T12:40:58","modified_gmt":"2024-09-27T12:40:58","slug":"bitcoin-price-recovery-65000","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/","title":{"rendered":"Here&#8217;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind. This interesting increase has seen Bitcoin increase by almost 23% from a September low of $53,400 on September 6, pushing many holders into profitability.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Santiment, this price action has been mostly fueled by increased activity from whales and sharks, with the on-chain analytics platform noting a huge accumulation trend among them.<\/span><\/p>\n<h2>Sharks And Whales Continue To Accumulate BTC<\/h2>\n<p><span style=\"font-weight: 400\">Recent shifts in market dynamics worldwide have propelled Bitcoin back to the forefront of investor portfolios since mid-September. According to<\/span><a href=\"https:\/\/x.com\/santimentfeed\/status\/32751234\" rel=\"nofollow\"><span style=\"font-weight: 400\"> data from Santiment,<\/span><\/a><span style=\"font-weight: 400\"> Bitcoin&#8217;s upward price movement has been largely supported by increased accumulation from investors. The on-chain analytics platform revealed that many wallets holding ten or more BTC have been steadily accumulating additional Bitcoin over the past six months. This consistent buying behavior has played a critical role in stabilizing and propping up the price, especially during market corrections when Bitcoin has faced downward pressure.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-price-above-3000\/\">Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again<\/a><\/div>\n<p><span style=\"font-weight: 400\">Notably, these addresses have accumulated $4.08 billion worth of BTC in the past six months, and their collective holdings currently stand at 16.19 million. Santiment&#8217;s data also shows that this accumulation trend gained significant momentum starting in mid-September just after the Fed reduced the base interest rate, indicating a renewed wave of confidence among these Bitcoin investors.<\/span><\/p>\n<figure id=\"attachment_645032\" aria-describedby=\"caption-attachment-645032\" style=\"width: 569px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-645032\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-price-1.png?w=460&#038;resize=569%2C318\" alt=\"Bitcoin price 1\" width=\"569\" height=\"318\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-price-1.png?w=512 512w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-price-1.png?w=460 460w\" sizes=\"(max-width: 569px) 100vw, 569px\"><figcaption id=\"caption-attachment-645032\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h2>Current State Of Bitcoin<\/h2>\n<p><span style=\"font-weight: 400\">As noted by NewsBTC, September has <\/span><a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/green-september-close-bitcoin\/\"><span style=\"font-weight: 400\">always been a crucial month<\/span><\/a><span style=\"font-weight: 400\"> for Bitcoin&#8217;s price performance in the last quarter of the year. Interestingly, what <\/span><a href=\"https:\/\/www.wncen.com\/bitcoin-news\/is-bitcoin-heading-for-a-bear-market-analysts-weigh-in-on-the-price-struggles\/\"><span style=\"font-weight: 400\">looked to be a bearish month<\/span><\/a><span style=\"font-weight: 400\"> for Bitcoin in the first two weeks <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-forms-inverse-head-and-shoulders-pattern\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">has now played out <\/span><\/a><span style=\"font-weight: 400\">as a forerunner for a potential surge in the last quarter of 2024.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/dogecoin\/dogecoin-bullish-50-rally-0-16\/\">Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First?<\/a><\/div>\n<p><span style=\"font-weight: 400\">At the time of writing, Bitcoin is trading at $65,470 and has been up by 2.6% in the past 24 hours. Institutional investors have resumed their investments in Bitcoin since the beginning of the week. This has seen spot Bitcoin funds witness <\/span><a href=\"https:\/\/www.wncen.com\/bitcoin-news\/blackrock-continues-to-buy-bitcoin-holdings-now-reach-358000-btc-worth-22-billion\/\"><span style=\"font-weight: 400\">consecutive days of inflows<\/span><\/a><span style=\"font-weight: 400\"> since the beginning of the week. Particularly, they received $365.7 million in net inflows in the past 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bitcoin has also seen a notable increase in open interest as investors pile up. According to Coinglass, the Bitcoin open interest now stands at $35.90 billion across multiple exchanges, reflecting a 3.53% increase in the past 24 hours. As Bitcoin\u2019s price continues to attract attention from traders across the globe, the surge in open interest could act as a catalyst for further price increases.\u00a0<\/span><\/p>\n<figure id=\"attachment_645033\" aria-describedby=\"caption-attachment-645033\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-645033\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-price-2.png?w=460&#038;resize=460%2C195\" alt=\"Bitcoin price 2\" width=\"460\" height=\"195\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-price-2.png?w=512 512w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin-price-2.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-645033\" class=\"wp-caption-text\">Source: CoinGlass<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The next step for Bitcoin&#8217;s price is a bullish break above the July high of $70,162. Surpassing this level and keeping the momentum could open the stage for Bitcoin to <\/span><a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-at-400000-timeline\/\"><span style=\"font-weight: 400\">easily break into new all-time highs<\/span><\/a><span style=\"font-weight: 400\"> in October.\u00a0<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/o37Q7tPo\/\" alt=\"Bitcoin price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">BTC price still holding $65,000 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n<p><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind. This interesting increase has seen Bitcoin increase by almost 23% from a September low of $53,400 on September 6, pushing many holders into profitability. According to Santiment, this price action has been mostly fueled by increased activity from whales and sharks, with the on-chain analytics platform noting a huge accumulation trend among them. Sharks And Whales Continue To Accumulate BTC Recent shifts in market dynamics worldwide have propelled Bitcoin back to the forefront of investor portfolios since mid-September. According to data from Santiment, Bitcoin&#8217;s upward price movement has been largely supported by increased accumulation from investors. The on-chain analytics platform revealed that many wallets holding ten or more BTC have been steadily accumulating additional Bitcoin over the past six months. This consistent buying behavior has played a critical role in stabilizing and propping up the price, especially during market corrections when Bitcoin has faced downward pressure. Related Reading: Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again Notably, these addresses have accumulated $4.08 billion worth of BTC in the past six months, and their collective holdings currently stand at 16.19 million. Santiment&#8217;s data also shows that this accumulation trend gained significant momentum starting in mid-September just after the Fed reduced the base interest rate, indicating a renewed wave of confidence among these Bitcoin investors. Current State Of Bitcoin As noted by NewsBTC, September has always been a crucial month for Bitcoin&#8217;s price performance in the last quarter of the year. Interestingly, what looked to be a bearish month for Bitcoin in the first two weeks has now played out as a forerunner for a potential surge in the last quarter of 2024.\u00a0 Related Reading: Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First? At the time of writing, Bitcoin is trading at $65,470 and has been up by 2.6% in the past 24 hours. Institutional investors have resumed their investments in Bitcoin since the beginning of the week. This has seen spot Bitcoin funds witness consecutive days of inflows since the beginning of the week. Particularly, they received $365.7 million in net inflows in the past 24 hours. Bitcoin has also seen a notable increase in open interest as investors pile up. According to Coinglass, the Bitcoin open interest now stands at $35.90 billion across multiple exchanges, reflecting a 3.53% increase in the past 24 hours. As Bitcoin\u2019s price continues to attract attention from traders across the globe, the surge in open interest could act as a catalyst for further price increases.\u00a0 The next step for Bitcoin&#8217;s price is a bullish break above the July high of $70,162. Surpassing this level and keeping the momentum could open the stage for Bitcoin to easily break into new all-time highs in October.\u00a0 Featured image created with Dall.E, chart from Tradingview.com \u00a0<\/p>\n","protected":false},"author":594,"featured_media":645053,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-645007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Here&#039;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000<\/title>\n<meta name=\"description\" content=\"Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Here&#039;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000\" \/>\n<meta property=\"og:description\" content=\"Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-27T17:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-27T12:40:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Here&#8217;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000\",\"datePublished\":\"2024-09-27T17:00:06+00:00\",\"dateModified\":\"2024-09-27T12:40:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/\"},\"wordCount\":519,\"publisher\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024\",\"keywords\":[\"bitcoin\",\"Bitcoin news\",\"bitcoin price\",\"btc\",\"BTC news\",\"btc price\",\"btcusd\",\"BTCUSDT\"],\"articleSection\":[\"Bitcoin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/\",\"url\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/\",\"name\":\"Here's Who Has Been Driving The Bitcoin Price Recovery Above $65,000\",\"isPartOf\":{\"@id\":\"https:\/\/www.wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024\",\"datePublished\":\"2024-09-27T17:00:06+00:00\",\"dateModified\":\"2024-09-27T12:40:58+00:00\",\"description\":\"Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#primaryimage\",\"url\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024\",\"contentUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024\",\"width\":1792,\"height\":1024,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Here&#8217;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.wncen.com\/#website\",\"url\":\"https:\/\/www.wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/www.wncen.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Here's Who Has Been Driving The Bitcoin Price Recovery Above $65,000","description":"Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/","og_locale":"en_US","og_type":"article","og_title":"Here's Who Has Been Driving The Bitcoin Price Recovery Above $65,000","og_description":"Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind.","og_url":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-09-27T17:00:06+00:00","article_modified_time":"2024-09-27T12:40:58+00:00","og_image":[{"width":1792,"height":1024,"url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024","type":"image\/jpeg"}],"author":"Scott Matherson","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#article","isPartOf":{"@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Here&#8217;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000","datePublished":"2024-09-27T17:00:06+00:00","dateModified":"2024-09-27T12:40:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/"},"wordCount":519,"publisher":{"@id":"https:\/\/www.wncen.com\/#organization"},"image":{"@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024","keywords":["bitcoin","Bitcoin news","bitcoin price","btc","BTC news","btc price","btcusd","BTCUSDT"],"articleSection":["Bitcoin"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/","url":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/","name":"Here's Who Has Been Driving The Bitcoin Price Recovery Above $65,000","isPartOf":{"@id":"https:\/\/www.wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#primaryimage"},"image":{"@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024","datePublished":"2024-09-27T17:00:06+00:00","dateModified":"2024-09-27T12:40:58+00:00","description":"Bitcoin is now trading above the $65,000 price level for the first time in two months, leaving the $63,000 resistance level behind.","breadcrumb":{"@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#primaryimage","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024","width":1792,"height":1024,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.wncen.com\/"},{"@type":"ListItem","position":2,"name":"Here&#8217;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000"}]},{"@type":"WebSite","@id":"https:\/\/www.wncen.com\/#website","url":"https:\/\/www.wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/www.wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/www.wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Here&#8217;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000","url":"http:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-price-recovery-65000\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-09-27T17:00:06Z","datePublished":"2024-09-27T17:00:06Z","dateModified":"2024-09-27T17:00:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Here&#8217;s Who Has Been Driving The Bitcoin Price Recovery Above $65,000\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/bitcoin\\\/bitcoin-price-recovery-65000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/bitcoin\\\/bitcoin-price-recovery-65000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin_e04fe1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\"],\"dateCreated\":\"2024-09-27T17:00:06Z\",\"datePublished\":\"2024-09-27T17:00:06Z\",\"dateModified\":\"2024-09-27T17:00:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/Bitcoin_e04fe1.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/645007"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=645007"}],"version-history":[{"count":1,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/645007\/revisions"}],"predecessor-version":[{"id":645056,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/645007\/revisions\/645056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/645053"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=645007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=645007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=645007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}