Bitcoin

In their latest analysis, Ark Invest’s crypto specialists Julian Falcioni, David Puell, and Dan White, are presenting a review of the Bitcoin market behavior and prospects, delineating the interplay of various economic, technical, and policy-driven factors that could shape the future of this pioneering digital currency. Bitcoin Validates The Bullish Scenario Since early June, Bitcoin witnessed a significant decline, dropping more than -25%. More critically, on July 7, BTC fell beneath its 200-day moving average—a key technical threshold. According to…

Following Bitcoin’s gradual rebound seen last week, the global crypto investment products also appear to have witnessed a notable influx of funds, with a substantial $1.44 billion pouring in over the same period. According to CoinShares, a leading crypto asset management firm, this surge has pushed the year-to-date total to top roughly $17.8 billion, highlighting a growing confidence among investors despite recent market downturns. Surge In Crypto Fund Inflows According to the insight shared by CoinShares in its latest report,…

Kraken, a prominent crypto exchange, has announced that it has received funds from the Mt. Gox Trustees. Within the next seven to 14 days, it will start distributing Bitcoin (BTC) and Bitcoin Cash (BCH) to users affected by the Mt. Gox collapse. For those affected by the Mt. Gox debacle, this distribution represents a critical resolution point, potentially ending a decade-long ordeal of recovery and compensation. Bitcoin Retraces From $65,000 The exchange plans to distribute these funds swiftly, ensuring that…

Bitcoin’s (BTC) price nearly reached the $65,000 mark during early Tuesday trading hours. This notable surge reflects a significant shift in market sentiment. For instance, last week, the fear and greed index was at a fearful 27; now, it’s surged to a greedy 65. Why Bitcoin’s Price Recovered? The recent uptick coincides with strategic market activities. For instance, today, the Japanese firm Metaplanet announced the purchase of 21.877 BTC, worth approximately $1.2 million. This acquisition boosts Metaplanet’s total Bitcoin holdings…

The post Bitcoin Reclaims $65K As Crypto Market Adds $80 Billion In Valuation Within 24 Hours! appeared first on Coinpedia Fintech News The cryptocurrency market has displayed a positive price action for the fourth consecutive day, highlighting an increase in the bullish sentiment. Moreover, the global crypto valuation has recorded a jump of 3.36% within the past day and has added over $260 Billion over the past seven days. Further, the market leader, Bitcoin price has recorded a 24-hour high…

The post Bitcoin Overturns the Bearish Trend Ahead of ETH ETF: $70,000 Target Activated, Here’s When It May Strike! appeared first on Coinpedia Fintech News Just a few days before, the markets were filled with FUD as the Mt.Gox terror struck the market while the German government continued to sell the seized Bitcoin. Now that all the BTC have been sold, the markets have become optimistic ahead of the spot ETF launch which is scheduled for 23rd July. With this,…

The post Bitcoin Price Prediction: All Eyes On Multi-Billion Dollar Liquidations As Bulls Aim To Reclaim $65k appeared first on Coinpedia Fintech News Bitcoin is currently experiencing a bullish divergence, with an important multi-billion dollar liquidation event potentially on the edge. The Bitcoin chart indicates a struggle around the $63,000 to $64,000 resistance area in the short term, according to analyst Josh of Crypto World. However, a breakout above this level could lead to a major short squeeze, potentially pushing…

According to the trend in an on-chain indicator, an analyst has explained how Bitcoin may still need to reach the top of the current bull cycle. Bitcoin aSOPR Hasn’t Yet Reached Levels Associated With Past Cycle Tops As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR) is yet to go as high as during the tops of the previous cycles. The “SOPR” refers to a popular on-chain indicator that basically tells…

Bitcoin price gained over 10% and broke the $64,000 resistance level. BTC is showing positive signs and might attempt to move above the $65,000 level. Bitcoin gained bullish momentum above the $63,500 resistance zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support at $62,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it…