Bitcoin

BlackRock CEO Larry Fink has emerged as a vocal advocate for Bitcoin. On CNBC’s “Squawk on the Street,” Fink articulated why investors should consider Bitcoin a key portfolio component.  Fink’s endorsement is noteworthy given BlackRock’s stature, managing over $10 trillion in assets. Why Larry Fink Believes in Bitcoin’s Potential During his CNBC appearance, Fink emphasized Bitcoin’s unique attributes. He highlighted its role in providing financial autonomy, particularly in unstable economies. “I’m a major believer that there is a role for…

Data shows the cryptocurrency derivatives market has registered significant liquidations after the Bitcoin rally above the $63,000 mark. Bitcoin Rally Has Resulted In Short Liquidations On Derivatives Market According to data from CoinGlass, the latest volatility in the cryptocurrency market has led to large liquidations on the derivatives side. “Liquidation” here naturally refers to the process that any open contract undergoes where its platform forcibly closes it off after it has amassed losses of a certain degree. The table below…

The post Peter Brandt Makes Bold Prediction For Bitcoin To Hit $90,000 appeared first on Coinpedia Fintech News Veteran trader Peter Brandt recently incited excitement in the crypto community with his bold prediction for Bitcoin. He forecasted a potential surge in the crypto’s price, suggesting that it could soar past the $90,000 mark. According to Brandt, BTC might be unfolding a pattern he describes as “Hump->Slump->Bump->Dump->Pump’. However, he also cautioned that a close below $56,000 would negate this bullish interpretation.…

The post Genesis Trading Transfers More Bitcoin To Coinbase, Can It Impact Bitcoin Recovery? appeared first on Coinpedia Fintech News Genesis Trading has transferred 600 BTC to Coinbase, valued at approximately $37.72 million. As a part of its ongoing bankruptcy liquidation procedures, Genesis Trading continues to liquidate substantial Bitcoin holdings. The latest move is part of a larger trend observed over the past month, during which Genesis Trading has moved more than 12,000 BTC to the popular cryptocurrency exchange. The…

The post Judge Drops Classified Document Case Against Trump Ahead of Bitcoin Conference appeared first on Coinpedia Fintech News A Florida judge has thrown out the classified documents case against former President Donald Trump, arguing that the special counsel, Jack Smith, was appointed unlawfully. The decision is a legal victory for Trump, as his lawyers had argued that the appointment of Smith by the Attorney General without the approval of the Senate was unlawful. Despite the legal fight and an…

The post Bitcoin Pushes Altcoins Higher as German Government Runs Out of Coins, Crypto Bull Run Is Back? appeared first on Coinpedia Fintech News The recent German government Bitcoin (BTC) selloff has undoubtedly caused tension in the crypto world. The altcoin market is experiencing a crypto bull run while Bitcoin is taking a bear turn. How does this affect the overall sentiment toward Bitcoin and the rest of the altcoin market? Let’s explore this further. The German Government’s Bitcoin Exodus…

The post Is the Bitcoin Bull Run Here? Top Factors Fueling the Surge appeared first on Coinpedia Fintech News Bitcoin has surged above $63,000 after a prolonged slump to $54,000, and other cryptocurrencies like Ethereum and Solana are also showing signs of a potential bull run. This resurgence has led to speculation whether the market is set for another significant upswing. The total crypto market cap has surged over 4% in the past 24 hours, reaching approximately $2.41 trillion. This…

The post Bitcoin Price Prediction: Technicals, Events Signal Bull Run Ahead! appeared first on Coinpedia Fintech News The price of Bitcoin is rebounding strongly from its June dip, currently trading at $62,670—an impressive 5.5% increase in just one day. Several indicators suggest that Bitcoin could be poised for another significant surge soon Renowned crypto analyst Michael van de Poppe has highlighted several potential positive events for Bitcoin, pointing to a technical indicator that favors a bullish market for the cryptocurrency.…

Recent events have seen the Bitcoin market show fresh vitality; the price of the coin exceeds $63,000. This spike coincides with a slew of noteworthy occurrences that both experts and investors have noticed. Dormant Wallet Turns Into Action The turning on of a long-dormant Bitcoin wallet is among the most interesting events. Known as “1 EhXAfST,” the wallet had been dormant for almost 12 years until abruptly sending 1,000 BTC—worth about $60 million—to two new wallets. Given the wallet’s background,…