Bitcoin

The post Bitcoin Bull Run Activated: ‘Buy Signal’ Triggered For The First Time In 12 Months—Will It Reach $100K? appeared first on Coinpedia Fintech News Soon after the launch of the spot Ethereum ETF, the markets began to consolidate, with the Bitcoin price drowning below $65,500.  Although the bulls jumped into rescue, they have been failing to attract the required buying pressure that could have assisted the price to reclaim the levels above $68,000. However, all the bearish speculations have…

With a huge sell-off of Bitcoin, the Germany has fundamentally changed the bitcoin scene. Germany has recently offloaded an astounding 49,850 BTC within a few weeks. Executed across many exchanges including Coinbase, Kraken, and Bitstamp, the transactions helped to reduce possible value loss. Apparently, the German government started these sales because of worries about a notable drop in the value of Bitcoin. With the average price for a Bitcoin about $57,000, the total earnings came to a little over $2.8…

The post Understanding Trump’s Changing Stance on Bitcoin: From Calling it ‘Scam’ to Attending Nashville Conference appeared first on Coinpedia Fintech News Nashville will soon be in the political spotlight as former President and current Republican nominee Donald Trump is set to visit the city on Saturday. Trump is expected to speak at the country’s largest Bitcoin conference, generating significant excitement in the crypto industry over what he might announce. Former President Trump, who once called Bitcoin a scam, will…

The post Mt. Gox Creditors Finally Receive Bitcoin and Bitcoin Cash via Kraken appeared first on Coinpedia Fintech News After a decade, the creditors of the Mt. Gox hack, which quickly depleted many investors’ wealth, received significant relief. Dave Ripley, CEO of Kraken, announced that Kraken has successfully distributed Bitcoin and Bitcoin Cash from the Mt. Gox estate to creditors. He highlighted Kraken’s decade-long role in facilitating the investigation and return of client funds, emphasizing it as both a privilege…

The post Bitcoin ETF Inflow Streaks Ends, Records An Outflow Of Approximately $150 Million! appeared first on Coinpedia Fintech News Reportedly, 7 out of 10 Bitcoin ETFs recorded a neutral flow for the first time this month on 23rd July (yesterday). Bitwise’s “BIBT” has recorded the highest outflow with $70.3 Million. Ark 21 Shares Bitcoin ETF has recorded an outflow of $52.3 Million, followed by, Grayscale’s “GBTC” with $27.3 Million. With this, the total outflow for the day was $149.9…

Bitcoin price struggled below the $68,500 resistance zone. BTC is correcting gains and might decline further below the $65,500 support zone. Bitcoin started a correction wave from the $68,500 resistance zone. The price is trading below $66,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $67,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses and trade below the $65,500…

The post Bitcoin (BTC) Retail Demand Drops to 3-Year Low, is the Capital Moving to Ethereum Altcoins? appeared first on Coinpedia Fintech News Once the undisputed king of cryptocurrencies, Bitcoin faces a retail investor exodus. New data reveals a three-year low in retail demand for BTC, sparking concerns about the short-term trajectory of the world’s largest cryptocurrency.  On the other hand, Ethereum has been making significant strides, upgrading its network and hosting decentralized apps like RCO Finance (RCOF), which has…

The post BlackRock Leads Spot Bitcoin ETFs Inflow To Highest Level In Almost 2 Months appeared first on Coinpedia Fintech News BlackRock iShares BTC Trust (IBIT) recently led other Spot Bitcoin ETFs to their highest daily net inflows in almost two months. This development is significant for ETFSwap (ETFS), considering how much funds could flow through its ecosystem when its beta platform launches soon.  BlackRock Accounts For Most Of Net Inflows For Spot Bitcoin ETFs Data from Farside investors shows…

The post Brace for Impact: BITCOIN Price Crashes Toward $63,000! appeared first on Coinpedia Fintech News It looks like the problems for BTC are in no mood to take retirement. First, Germany sold over $3 billion worth of Bitcoin. The market filled with too much fear, causing the BTC price to touch $53,000. Once the sell-off was complete, we are now facing Mt. Gox repayments. The German Dread The German government seized around 50,000 BTC from a movie piracy website…