Bitcoin

The post Crypto News Today: FOMC Holds Rates Steady, Bitcoin and Ethereum Price Decline appeared first on Coinpedia Fintech News After Federal Reserve Chair Jerome Powell said a September rate cut “could be on the table,” stocks soared to session highs. The tech-heavy Nasdaq 100 climbed 3.3% and the S&P 500 2%. However, the king crypto, Bitcoin (BTC), declined by 1.3% to $66,088, and Ethereum (ETH) fell roughly 1.11% to $3,313. Over 24 hours, the global cryptocurrency market cap also…

The post Why is Bitcoin Price Down Today? Is a Major Correction Imminent? appeared first on Coinpedia Fintech News Bitcoin’s (BTC) price closed in July with a dragonfly Doji candlestick after the bulls were rejected at around $70k. Bitcoin’s poor performance in the past two weeks has increased the fear of a further crypto correction in August. Furthermore, Bitcoin’s fear and greed index has dropped from 74 percent, greed, to around 52 percent, neutral, in the past two days. The…

The post Senator Cynthia Lummis Officially Introduces Bitcoin Strategic Reserve Bill appeared first on Coinpedia Fintech News During the Bitcoin 2024 conference in Nashville on July 27, US Senator cynthia lummis cynthia lummis Cynthia Lummis is the Senator of the United States from Wyoming. She has a net worth ranging from $20 million and $75 million. On her son-in-law's advice, she purchased Bitcoin and became the first U.S senator to possess cryptocurrency. She possesses no less than $230,000 worth of…

As summer is currently fast approaching, several crypto traders and analysts have cranked up their optimism for Bitcoin price trajectory. Among them is well-known crypto analyst, Rekt Capital, who has recently shared insights on BTC next move, suggesting that the asset is poised for a significant breakout in September. This sentiment is echoed by other market analysts who have been closely analyzing recent trends and historical data. What the Bullish September Sentiment Is Based On Rekt Capital pointed out that…

Investors eyeing outsized returns in the crypto market now have their sights set on MoonTaurus (MNTR). The meme coin, priced at $0.005 in the first phase of its presale, is set to skyrocket to $3 by 2025, according to top analysts. This ambitious forecast comes even as the broader cryptocurrency market, including giants like Bitcoin and Ethereum, grapples with pronounced volatility. MoonTaurus (MNTR) MoonTaurus (MNTR) has quickly captured the attention of the crypto community. The meme coin’s presale begins with…

Hedge fund manager James Lavish has predicted that Bitcoin could rise to $428,000 at some point. He also mentioned what needs to happen for the flagship crypto to reach such an ambitious price target.  How Bitcoin Could Rise To $428,000 Lavish mentioned in an X (formerly Twitter) post that Bitcoin would rise to $428,000 when it becomes 1% of the $900 trillion investment assets worldwide. The hedge fund manager made this prediction while revealing that Bitcoin, at its current price,…

The post Bitcoin Price Prediction for Q2 & Q3 2024: Will the BTC Price Hit $100K? appeared first on Coinpedia Fintech News Bitcoin is one of the most followed tokens by the majority of traders within the crypto space. The token’s volatility has surged to a large extent, due to which the prices are fluctuating within a narrow range, but close to the upper threshold. As a result, the market participants continue to be bullish on Bitcoin for the rest…

The Elliot Wave theory has become very popular among Bitcoin analysts, given its effectiveness in helping to estimate where the cryptocurrency’s price is headed next. Using this same theory, pseudonymous crypto analyst XForceGlobal has estimated what could happen next for the Bitcoin price. Elliot Wave Theory Points To A Recovery In the analysis posted on TradingView, XForceGlobal used the 5-wave Elliot Wave theory to predict further upside for the Bitcoin price. The chart maps out the waves and subwaves, all…

With Bitcoin down for the last three days, Solana (SOL) is once again outperforming both $BTC and $ETH. Should the next upward stage of the bull market begin, $SOL is likely to continue to dominate the layer 1s. A lot is going on right now as Bitcoin (BTC) attempts to get back on track. Movements in the US stock markets, Mt. Gox distributions, the FOMC meeting, and countless other sources of noise are each vying for supremacy. However, if one…