Bitcoin

Bitcoin price gained over 15% and broke the $65,000 resistance level. BTC is still showing positive signs and might attempt to move above the $66,000 level. Bitcoin extended its increase above the $65,000 resistance zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $63,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if…

Bitcoin exchange-traded funds (ETFs) have accumulated over $1 billion in BTC in the last three trading days, indicating strong investor interest. This remarkable influx of funds coincides with Bitcoin’s price reaching $66,000 despite ongoing market uncertainties. This strong participation from institutional and retail investors reflects bullish sentiments in the market. Bitcoin ETFs, Crypto Whales Accumulate According to Farside Investors, spot Bitcoin ETFs experienced substantial inflows on Tuesday, receiving over $422.5 million—the month’s peak. BlackRock’s iShares Bitcoin Trust (IBIT) led these…

At spot rates, Bitcoin and top altcoins like Ethereum and Solana continue to edge higher. Despite the retracement earlier today, BTC is firm and trending above the $60,000 psychological round number. At the same time, ETH and SOL prices are firm above $3,300 and $155. Bitcoin, Crypto Prices Rising Though Liquidity Is Low One analyst has picked out an anomaly as crypto and altcoin prices push higher, recovering after the June and early July drawdown. Taking to X, one observer…

The post Bitcoin ETFs Year-to-Date Investment Reaches $16 Billion appeared first on Coinpedia Fintech News After a brief pullback in June, the Bitcoin ETF momentum has returned as its daily investment surged to $300 million yesterday, bringing the weekly total to a staggering $1 billion. The surge has pushed the year-to-date amount invested in Bitcoin ETFs to $16 billion, much ahead of initial projections of $12-15 billion for the entire year, while there are still six months to go, highlighted,…

The post Spot Bitcoin ETFs Rake In $654 Million In 3 Days, But Why Is BTC Price Struggling? appeared first on Coinpedia Fintech News The price of Bitcoin (BTC) has continued to remain on a downward trend despite recent inflows of over $654 million into Spot Bitcoin ETFs in just three days. While the new inflows have not had any noticeable impact on BTC, ETFSwap (ETFS), a decentralized platform, has benefited immensely from the influx of capital into Spot Bitcoin…

Bitcoin dominance has been trending upward since September 2022. Is that trend about to reverse? Is this the time to start building altcoin positions? Bitcoin has outperformed Unless you got into a small handful of outperforming altcoins when this crypto bull market began, you would have done better to just hold Bitcoin. $BTC has outperformed the overall cryptocurrency market by around 40% since September 2022. Only certain altcoins, such as $SOL and $RNDR, and memecoins like $PEPE and $WIF, have…

BlackRock CEO Larry Fink, once a Bitcoin skeptic, now champions the cryptocurrency as "digital gold" and a legitimate financial instrument, reflecting a broader acceptance within traditional finance. BlackRock CEO’s Initial Skepticism Larry Fink, the CEO of BlackRock, has undergone a remarkable transformation in his views on Bitcoin, as evident in his latest interview with CNBC. In 2017, during the crypto bull run, Fink was highly critical of Bitcoin, describing it as an "index for money laundering." This sentiment was common…

After Bitcoin’s 13% recovery over the last several days, many may be thinking that this is just a relief rally. Nevertheless, it can be argued that this is just the normal ebb and flow of the market, and that Bitcoin’s recovery is now on track. Higher prices may be on the horizon. Bitcoin simply just overbought The signs are that Bitcoin has turned the corner, and that the local bottom of $53,600 was probably definitive. Major selling seems to have…

The post Bitcoin FUD is Back, Will Traders Again Fall into the Trap as Mt. Gox Rehabilitation Plan to Accomplish in the Next 14 Days? appeared first on Coinpedia Fintech News The crypto markets have undergone massive price action since the start of the month. The tokens started the monthly trade with a massive descending trend as the selling pressure mounted. This further escalated with a couple of FUD attacks on the markets, like the BTC transfers from Mt. Gox…