Bitcoin

This looks as though it could be it. The Bitcoin price has bounced and recovered quickly from four days of selling. Briefly touching $63,500, the $BTC price is now at around $67,000. This weekend, or the following week, could see $BTC bulls attempt the all-time high at $73,800. Are you aboard this train? 135 days of sideways and down price action have elapsed since Bitcoin made a new high back in mid-March of this year. Since that high, four separate…

The post Crypto Market Displays Bullish Recovery, Bitcoin Reclaims $67K, Ethereum Hits$3.25K! appeared first on Coinpedia Fintech News After recording a strong bearish sentiment on Wednesday, the crypto market has recorded a jump of 3.22% within the past day, from $2.31 Trillion to $2.39 Trillion, a jump of over $60 Billion during this time. Further, the price of BTC has recorded a 24-high of $67,445.57 with a trading volume of $35.337 Billion. Following this, Ethereum price has successfully reclaimed the…

The post Bitcoin Price Today: Massive Whale Accumulation, Could BTC Price Hit $70k This Weekend? appeared first on Coinpedia Fintech News Bitcoin (BTC) price rebounded around 4.2 percent in the past 24 hours to trade above $67k on Friday during the early Asian session. The flagship coin rebounded from a crucial support range between $63,500 and $64k on Thursday, thus signaling further bullish momentum. Rising Bitcoin Dominance Moreover, Bitcoin dominance rallied to a new high since mid-April, of around 56.67…

In a significant development showcasing the growing adoption of cryptocurrencies within traditional financial systems, the Jersey City pension fund is in the process of allocating an undisclosed percentage of its assets to invest in Bitcoin ETFs. Jersey City To Join Wisconsin In Bitcoin ETFs Investment According to Jersey Mayor Steven Fulop, the city’s pension fund is currently updating its paperwork with the US Securities and Exchange Commission (SEC) to allow allocations to Bitcoin ETFs, mirroring a similar move by the…

On-chain data shows Bitcoin is retesting a historically significant support level after the latest plunge in the asset’s price has gone through. Bitcoin Is Currently Retesting The Short-Term Holder Realized Price As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has returned to the Realized Price of the short-term holders with its drawdown. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the acquisition price or cost basis of…

Former President Donald Trump is set to deliver a keynote address at the 2024 Bitcoin Conference in Nashville, Tennessee, this weekend, amid growing speculation that Trump may announce Bitcoin as a strategic reserve asset for the United States. This move could have a significant impact on the entire cryptocurrency industry. Bitcoin Contributions Support Trump and Vance’s Platform According to a CNBC report, Trump has raised over $4 million in campaign contributions from a variety of digital assets, including Bitcoin, Ethereum…

Bitcoin price found support near the $63,500 zone. BTC is now rising and showing positive signs above the $65,500 resistance zone. Bitcoin formed a base and started a fresh increase above the $65,000 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate higher toward…

Marathon Digital (MARA), one of the largest Bitcoin (BTC) mining companies, has recently announced a substantial acquisition of $100 million worth of Bitcoin.  This significant purchase, detailed in a recent company statement, has increased Marathon’s Bitcoin holdings to over $1 billion at current prices, showing the company’s confidence in the future price appreciation of the largest cryptocurrency on the market. Is Bitcoin The ‘World’s Best Treasury Reserve Asset’? According to the company’s announcement on Thursday, by adopting a “HODL” strategy,…

A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency, is on track to reach an unprecedented $263,000. However, he also emphasized that this bullish surge to new all-time highs is contingent on Bitcoin meeting specific market conditions.  Bitcoin Set For Massive Rally To $263,000 In an X (formerly Twitter) post on July 23, a crypto analyst identified as ‘Trader Tardigrade’ revealed that Bitcoin’s current price chart was forming a key technical pattern known as the “Cup with…