Bitcoin

American multinational finance company, JP Morgan has maintained a bullish stance on the Bitcoin price outlook despite recent bearish trends. The bank has announced the timeline for the conclusion of the ongoing BTC liquidations, predicting a subsequent rebound in the market.  JP Morgan Predicts Bitcoin Market Rebound In August In a research report on Wednesday, JP Morgan suggested that BTC liquidations should abate this July, foreseeing the start of a strong bull market as bearish trends caused by sell-offs subside.…

A dormant Bitcoin wallet has resurfaced after almost 12 respite years, moving 1,000 BTC worth over $60 million at current rates. Crypto markets show signs of a recovery, starting the week with nearly 5% gains in total market capitalization to $2.31 trillion. Bitcoin dominates with 53.9%. Dormant Bitcoin Wallet from 2012 Moves 1,000 BTC Blockchain tracking and analysis system Whale Alert reported the transaction on Sunday. The dormant Bitcoin wallet, holding 1,000 BTC, activated its account for the first time since 2012. When…

Crypto inflows increased last week, recording $1.44 billion in positive flows to digital asset investment products. This brings year-to-date (YTD) inflows to $17.8 billion, effectively beating 2021 highs. The crypto market is staging a recovery, flashing green as Bitcoin (BTC) treads in the $62,000 range. The global cryptocurrency market capitalization is up almost 5% as BTC’s show of strength imparts momentum among altcoins. Crypto Asset Inflows Reach $17.8 Billion Digital asset inflows beat 2021 highs of $10.6 billion last week,…

Bitcoin developers discovered a major bug in the source code, but this is no longer a threat. With developers and node operators running smoothly after upgrades, a BTC price rebound is imminent. Senior Bitcoin (BTC) developers have finally disclosed critical Core software bugs hidden for years. These developers have kept patched security holes that prevented hackers from exploiting those vulnerabilities under wraps for years until now. Bitcoin Core 0.21.0 Unveiled As a reminder, Aaron van Wirdum announced the release of…

After a decline to $53,600 last Friday, the Bitcoin price experienced a major recovery over the weekend, exceeding the $63,000 threshold today. This marks a massive 17% increase since last Friday, reaching this level for the first time in two weeks. The rally can be attributed to several factors that collectively propelled the premier’s cryptocurrency’s price upward. #1 The “Trump Bitcoin Pump” The resurgence in the Bitcoin price coincided with the attempted assassination of former President and 2024 presidential hopeful…

Bitcoin (BTC) has reached the major resistance at $63,000, putting on $2,300 early on Monday. If the king of the cryptocurrencies can break through this resistance, the range high at $71,300 is the potential target. However, a short term pull back could be about to take place. Buyers have entered the cryptocurrency market again and Bitcoin has risen a grand total of $5,000 over the last three days. This makes a welcome change from previously, when Bitcoin lost $18,500 over…

The post Bitcoin Dormant Wallet Resurfaces After 11.8 Years, Transfers Bitcoins Worth $60 Million! appeared first on Coinpedia Fintech News The dormant wallet “1EhXAfST” resurfaced around 9 hours ago after 11.8 years and has moved 1,000 BTCs worth $60 Million to 2 new wallets. The 1st wallet received 998.737 Bitcoins whereas the second wallet received 1.263 Bitcoins. Reportedly, the wallet received those Bitcoins on 25th September 2012 with an average BTC price of $12.06 (12.06K).

The post Why Bitcoin (BTC) Price Surged Above $60K? appeared first on Coinpedia Fintech News The cryptocurrency market, led by Bitcoin (BTC), surged nearly 5 percent in the past 24 hours to hover around $2.4 trillion on Monday during the early Asian session. Bitcoin price closed in a bullish outlook last week after being trapped in bearish sentiment in the prior four weeks.  The flagship coin had added around 5 percent in the past 24 hours to trade at about…

The post Bitcoin Above $62K Eyes A Positive Week Ahead, Targets $70K! appeared first on Coinpedia Fintech News With a phenomenal recovery over the weekends, the Bitcoin price trend is back above the lost level of $60K. Starting a new streak of bullish candles, BTC price ignites a fresh recovery rally this week.  With the reversal in Bitcoin prices, the altcoin market is back above $1 trillion in capitalization and experiencing massive tailwind pressure. As the biggest crypto reveals a…