Bitcoin

The post Crypto Shockwave: Marathon Digital Buys $100M in Bitcoin – Here’s Why! appeared first on Coinpedia Fintech News Marathon Digital has purchased $100 million worth of Bitcoin. They now hold a total of over 20,000 BTC, worth almost $1.3 billion. This is a huge shift in their strategy. Let’s understand why this is big news for the crypto world. Marathon Digital Bets Big on Bitcoin Marathon Digital recently bought $100 million worth of Bitcoin. The company now holds more…

The post Could Bitcoin Slip to $60K? IF Bull Fails To Overcome $66K, Update On Altcoin appeared first on Coinpedia Fintech News Cryptocurrency liquidations have surged as the global market cap fell below $2.3 trillion, a 4.7% decline. According to Coinglass data, total liquidations have increased by 92.5% in the past 24 hours, reaching $304 million. Of this, nearly 89%, or $279.7 million, came from long positions, driven by the market’s downturn.  Bitcoin price is under pressure, approaching a critical…

Anticipation is at a high degree as the 2024 Bitcoin Conference draws near, driven not just by technical developments but also by the surprising backing of an influential person: Donald Trump. The surprising acceptance of Bitcoin by the former president may change the crypto scene and throw lengthy shadows over political debate and market projections. Here is a look at how Trump’s potential presidency can impact the direction of the crypto. The Bitcoin Turnaround Of Trump Once a strong opponent…

New York, United States, July 25th, 2024, Chainwire Xverse, the leading Bitcoin Web3 wallet, has teamed up with Acre to offer a native Bitcoin-in, Bitcoin-out staking experience. This partnership gives users the ability to earn BTC-based rewards – marking a new category in Bitcoin innovation. Through this partnership, Xverse users can now effortlessly put their BTC to work in Acre directly from the Bitcoin mainnet via their existing Xverse wallet. Acre’s fully on-chain staking experience eliminates the complexity of participation…

The Bitcoin 2024 conference in Nashville opens on Thursday. Speakers such as Donald Trump will speak at the event. The $BTC price is still pulling back after reaching $68,500 on Monday. Mt. Gox selling vs major tailwinds Other than the potential selling from the recent Mt. Gox distributions, Bitcoin is generally looking at more tailwinds than headwinds. The Spot Bitcoin ETFs are continuing to see net inflows, and technical price indicators are favouring a continuation of the upward trend; perhaps…

In a new report dated July 24, 2024, from VanEck, the investment firm’s digital assets research team, headed by Matthew Sigel and Patrick Bush, sets forth an exceptional prediction: Bitcoin could soar to a value of $52.38 million per coin by 2050 in their most bullish scenario. The analysis, titled “Bitcoin 2050 Valuation Scenarios: Global Medium of Exchange and Reserve Asset,” paints a picture of Bitcoin transforming into a cornerstone of the global monetary framework, functioning as both a major…

Recent analysis from QCP Capital indicates a marked shift in derivatives market sentiment, signaling that options traders are bracing for further declines in Bitcoin value. Dissecting the Bearish Sentiment The derivatives market has experienced a notable shift over the past day, with the implied volatility in Bitcoin options decreasing. This indicates that traders are worrying more about the possible downside risks. According to a note from analysts at QCP Capital, the spread between call and put options has tightened by…

Bitcoin price started another decline below the $66,500 level. BTC is gaining bearish momentum and might revisit the $63,200 support. Bitcoin started a fresh decline from the $68,500 resistance zone. The price is trading below $65,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses and trade toward the $63,200 support…

Tesla co-founder and CEO Elon Musk made headlines this week by updating his profile on X (formerly Twitter). The move came amid an important week for crypto, with all eyes in Nashville, Tennessee, for the Bitcoin 2024 Conference. The company announced mixed second-quarter (Q2) earnings and revenue late Tuesday. While earnings dropped by over 40%, sales came in above expectations. Nevertheless, Musk remains optimistic about self-driving cars, the Optimus robot, and robotaxi. Tesla Q2 Earnings Miss, But Bitcoin Stays Firm According…