Bitcoin

After a decade-long wait, creditors of the now-defunct Mt. Gox Bitcoin exchange have finally begun receiving their owed Bitcoin (BTC) and Bitcoin cash (BCH) via the Kraken and Bitstamp crypto exchanges.  However, this had a notable impact on the cryptocurrency market, contributing to a nearly 4% drop in the price of Bitcoin after users confirmed the deposits to their wallets from the exchanges.  Mt. Gox Distributes Millions To Bitstamp And Kraken On an early Tuesday morning, wallet addresses linked to…

Bitcoin started the new week in an uptrend, signaling a return of bullish sentiment among crypto investors. This bullish sentiment has continued to propel the price forward with $70,000 remaining the major target from here. According to one analyst, this recovery signals an entrance into the final wave, which is Wave 5, that could send the BTC price back toward its ATH price. Analyst Says Bitcoin Price Could Hit $72,000 In a TradingView post, crypto analyst Arthur Signals shared an…

The post Grayscale Leads as ETH ETFs Record $361 Million: Analyst Expect 20% of Bitcoin ETFs’ Day-One Volume appeared first on Coinpedia Fintech News Less than three months ago, it seemed improbable, but today it turns into reality. The first-ever spot Ethereum exchange-traded funds (ETFs) commenced trading in the U.S. on Tuesday morning at 9:30 a.m. EST. The group of newly launched Ethereum-based ETFs has posted impressive figures, with a total trading volume of $361 million within the first 90…

Web3 infrastructure provider HashKey Cloud has partnered with exSat to become a Data Validator on the exSat testnet. The arrangement will also see HashKey Cloud maintain this role once the exSat mainnet goes live. exSat is developing a docking layer for scaling Bitcoin. With institutional adoption of BTC ramping up, exSat is on a mission to create the infrastructure that will allow a scalable Bitcoin ecosystem to flourish. HashKey Cloud will play a role in realizing this goal by providing…

The post Bitcoin Up By 50% This Year, MicroStrategy Up Over 160%! appeared first on Coinpedia Fintech News MicroStrategy stock has more than doubled in valuation this year as the price of Bitcoin has soared to record highs. The software firm is the biggest corporate investor in Bitcoin and currently owns more than 226,000 units of the original crypto asset. The price of Bitcoin has soared 50% this year, sitting on a market valuation of more than $1.2 trillion. MicroStrategy,…

The post Crypto Market Is HODLing Today: Ethereum ETF, Bitcoin, Memecoins  appeared first on Coinpedia Fintech News The last ten days recorded a daily average $200 million inflow into Bitcoin Spot ETF, Friday aline registered $385 million, and on Tuesday exceeded $ 530 million. Despite increased inflows spot BTC ETFs, the Ethereum Spot ETF approval news the total crypto marketcap is down 1.32% today. TOTAL hovers around to $2.4 Trillion from the past 3 days days.  This is anticipated to…

On-chain data shows that the Bitcoin price reiterates the last cost basis level associated with the short-term holder group. Bitcoin Price Has Surged Past Final Short-Term Holder Cost Basis As explained by CryptoQuant author Axel Adler Jr in a new post on X, Bitcoin has only one Realized Price of the short-term holders left to break. The “Realized Price” here refers to an on-chain indicator that keeps track of the average cost basis of the investors in the BTC market.…

The post Ethereum ETF News: Will Spot ETH ETFs Outperform Bitcoin ETFs? appeared first on Coinpedia Fintech News Today spot ETF for Ethereum will finally begin! The moment has finally arrived, and we have been waiting for so long!! Spot crypto ETFs have arrived in the US, reaffirming that the future of money is here. The SEC’s approval of nine spot ETH ETFs in July marks another significant milestone for the expansion of the crypto economy. This development follows the…

The post Bitcoin Within a Re-Accumulation Phase: Here’s When BTC Price Could Break to New ATH! appeared first on Coinpedia Fintech News The markets appeared to have become optimistic as a couple of events were supposed to turn the tables for the majority of tokens, including Bitcoin. The price is hovering in and out of $67,000, which suggests equal participation among the bulls and the bears. This turned out to be a good time to accumulate, as whale activity has…