Bitcoin

Bitcoin went on a downward spiral in the first week of July to strike a bottom below $54,000 amidst an exacerbated selloff by some large holders. Various reports using on-chain data have blamed the selloffs on the German state of Saxony selling the bitcoins it seized earlier in the year. Despite this considerable selloff, Bitcoin has primarily held its ground, and bulls have been successful in preventing additional price drops. According to on-chain data, Bitcoin’s standoff can be attributed to…

The price of Bitcoin has continued a mild recovery in the last 24 hours following the recent price plunge in the first week of July. According to data from CoinMarketCap, BTC is up by 1.11% in the last day as the market bulls appear to gather momentum for a full-price rebound. Interestingly, the on-chain analysis platform, IntoTheBlock has provided some insights into the resilient behaviors of these Bitcoin optimists amidst the current market downtrend. Bitcoin Whales Acquire 71,000 BTC In…

The Bitcoin price has shown good signs of recovery over the past seven days, returning above $58,000 to end the week. Interestingly, a prominent crypto analyst on X has identified a chart formation signaling a potential continuation of this resurgence by the premier cryptocurrency. Bitcoin Price Prints This Chart Pattern — What Next? In a new post on the X platform, popular crypto analyst Ali Martinez shared an exciting analysis for the Bitcoin price over the next few days. According…

Bitcoin’s price surged following an assassination attempt on former US President Donald Trump during a campaign event in Pennsylvania on July 13. After the incident, Bitcoin’s value rose by 4%, reaching $60,300. This marked its highest level in the past 10 days, reversing a recent downward trend. Why Bitcoin’s Price Increased After Trump’s Assassination Attempt The market’s positive response to this event intrigued the crypto community, sparking debates about the reasons behind the price increase. Blockchain intelligence platform Santiment attributed…

Jamie Coutts, the chief crypto analyst at Real Vision, has highlighted an indicator that paints a bullish picture for Bitcoin (BTC). Based on this indicator, the crypto analyst suggested that a reversal might already be on the horizon for the flagship crypto.  Bitcoin Hashrate Decline Is Slowing Coutts mentioned in an X (formerly Twitter) post that Bitcoin’s hash rate decline is slowing, which he noted usually precedes a bottom ad reversal of the bearish cross, which happened after the halving…

Institutional Bitcoin investors have significantly increased their holdings amidst the recent price decline, acquiring over 100,000 BTC (approximately $5.7 billion) over the past week. Unlike earlier peaks driven by ETF inflows, this current surge in institutional holdings suggests a strategic accumulation phase rather than short-term fundraising, indicating a resilient demand from larger players amidst broader market uncertainty. As the bitcoin price flirts around the multi-month low levels, on-chain data shows that institutional players have been buying the dips. On-chain data…

Bitcoin (BTC) and Chainlink (LINK) are facing bearish trends. Bitcoin’s price plunge might be influenced by the upcoming Bitcoin Conference 2024. Former President Donald Trump is scheduled to speak at the Bitcoin Conference 2024, adding to market uncertainty. Clandeno (CLD) is gaining attention as analysts predict a 100X rally. Clandeno’s ICO launch is attracting major investors with its decentralized e-commerce platform. The cryptocurrency market is experiencing significant price dumps on all crypto asset classes, with Bitcoin (BTC) and Chainlink (LINK)…

As the crypto market waits for a potential Bitcoin ATH, experienced investors are looking at other promising cryptocurrencies. Rollblock (RBLK) and Tron (TRX) are at the center of these talks as a result of significant recent developments. Despite a shaky start to July, optimism over Bitcoin’s potential for a new ATH (all-time high) remains strong. Rollblock and Tron are both reaching key milestones, making them appealing investments for those looking for possible exponential gains.  Bitcoin (BTC): The Quest for a…

The post Analyst Who Correctly Predicted The Bitcoin Crash To $53,000 Says This Ethereum Token Will Do A 100x appeared first on Coinpedia Fintech News On July 5, the price of Bitcoin (BTC) took a steep dive, reaching a low of $53,600. This dip marked the first time since February that the cryptocurrency dipped below $54,000. In light of this, the analyst has shifted focus to an Ethereum token ETFSwap (ETFS), which is affordable and poised to do a 100x…