Bitcoin

A crypto analyst has maintained a strong bullish stance for Bitcoin (BTC), predicting that the pioneer cryptocurrency is heading towards a fresh all-time high of $100,000. The analyst has shared several factors that could propel Bitcoin to this lofty price target.  Bitcoin To Hit $100,000 In 2024 On July 19, crypto analyst Scott Melker, also known as “The Wolf Of All Streets” on X (formerly Twitter), informed his 958,300 followers that he was extremely bullish on Bitcoin’s potential for a…

The price of Bitcoin has maintained a recovery trajectory over the last week, gaining by a significant 16.25% to move briefly above the $67,000 price mark. Bitcoin investors are likely hopeful the asset will record more price gains and finally embark on a bull run following the halving event in April. However, Bitcoin’s price future gains are theorized to be tied to multiple factors including the liquidity of the stablecoin market. Why A Stagant USDT Liquidity Is Harmful To Bitcoin?…

The post Bitcoin and Ethereum Year-End Predictions: $100,000 and $10,000 Targets Appear Feasible Amid ETF Excitement appeared first on Coinpedia Fintech News Over the past few weeks, important events have impacted Bitcoin, including those related to Mt. Gox. Despite the challenges, the Bitcoin chart is now approaching a potential breakthrough at the $70,000 mark. Analyst Tim Warren, Host of Investing Broz, predicts a possible rally to $82,000 and then towards $100,000. Key resistance is around $66,500, but if bullish momentum…

The post Bitcoin Marches Towards $70k: Bullish And Bearish Arguments Explained appeared first on Coinpedia Fintech News Bitcoin is rebounding from a crucial support level, maintaining its long-term bullish trend. While Bitcoin remains in a larger bull market, ETFs are also making a mark with inflows. On Thursday, there was an inflow into spot Bitcoin ETFs, totaling nearly $85 million, which is an increase from the $53 million seen on Wednesday.  However, these figures are still lower compared to the…

The post Buterin Says Ethereum Is Largely Decentralized Compared To Bitcoin appeared first on Coinpedia Fintech News Vitalik Buterin has pointed out that Ethereum is in a better place than Bitcoin regarding robustness and decentralization. Speaking at the ETHCC in Brussels, Vitalik Buterin noted that two mining pools account for 50% of the computing power of Bitcoin while four make up 75%. Drawing lines with Ethereum, he stated that a large portion is unidentified meaning they are operated by a…

The post Top Altcoins to Buy as Billions Flow into Bitcoin ETFs; Render, BONK, and DTX Exchange Under Watch appeared first on Coinpedia Fintech News Many altcoins are gaining traction amidst the influx of billions into Bitcoin ETFs. Render (RNDR), Bonk (BONK), and DTX Exchange (DTX) are among the top altcoins that are drawing attention from investors. With the recent market corrections and heightened volatility, these altcoins present unique opportunities and risks at the same time. Render (RNDR) Prepares For…

The post Cryptocurrency Market Records A Strong Recovery, Bitcoin Reclaims $66,500, Ethereum Hits $3.5K! appeared first on Coinpedia Fintech News After trading under a bearish sentiment for the past two days, the crypto market has recorded a jump of 3.41% within the past day, from $2.35 Trillion to $2.43 Trillion, a jump of over $80 Billion. Further, the price of BTC has recorded a 24-high of $67,442.42 with a trading volume of $36.22 Billion. Following this, Ethereum price has reclaimed…

The post Bitcoin Aims $70K As US Spot BTC ETF Streak Hits 11th Positive Day appeared first on Coinpedia Fintech News On July 19, Bitcoin experienced a remarkable overnight surge, briefly crossing the $67,000 threshold before closing at $66,706, representing a 4.29% increase. This significant price movement is mirrored by positive activity in the Bitcoin ETF market. The daily net inflow for Bitcoin ETFs reached $267.4M, bringing cumulative inflows to $16.89B. The total value traded was $1.19B, and net assets…

The Bitcoin price has quickly recovered from its recent dip to a six-month low of $53,500 on July 5th, reclaiming the $66,000 level and setting its sights on retesting its all-time high of $73,700 reached in March. This resurgence comes as major airlines, medical facilities, corporations, and police forces worldwide grapple with a massive information technology (IT) disruption affecting Microsoft’s cloud computing services. Bitcoin Price Unaffected By Global IT Outage Cybersecurity firm CrowdStrike shed light on the cause of the outages,…