Bitcoin

The post Coinbase Insights: Q3 Crypto Market Prediction Amid Bitcoin Sales and Fed Rate Cuts appeared first on Coinpedia Fintech News Coinbase, in its weekly market commentary, noted that the Q3 started on a sour note with supply overhangs generated by indiscriminate Bitcoin selling from sources like the German government. While the size of the Bitcoin sales hasn’t been large relative to daily BTC spot volumes, it has put pressure on Bitcoin prices. However, today, the German Government has emptied…

The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels.  In a recent post on social media platform X (formerly Twitter), market expert Jackis highlights the bearish D1 trend indicator on the 12-hour chart, indicating the need for Bitcoin to reclaim the $64,000 zone to reverse the prevailing bearish…

The Bitcoin price has crashed back toward the $56,000 level after a brief pump triggered by the CPI data release on Thursday, showing that inflation rates came out at 3%, lower than expected. This bearish trend has continued despite desperate attempts from bulls to keep the price up. Even then, one crypto analyst does not believe that the decline is done and expects the fall to continue from here. Bitcoin Dump Far From Over A crypto analyst on the TradingView…

A recent analysis from CryptoQuant has revealed that institutional investors have shown a notable level of activity in the Bitcoin market, snapping up a substantial 100,000 BTC over just one week. Particularly, in the past month, these entities with wallets holding 1,000 to 10,000 BTC  have shown massive inflow levels that effectively match what was seen during March when US-based exchange-traded fund (ETF) introductions were at their peak. This purchase surge is particularly noteworthy when Bitcoin prices saw a significant…

The German government has finally emptied its Bitcoin (BTC) wallet. On-chain data reveals that a series of transactions on July 12 concluded the government’s sell-offs. This decision has sparked discussion within the crypto community, highlighting speculation about the future impact on the market. German Government Bitcoin Sale Concludes, Market Awaits Long-Term Impact Arkham Intelligence data indicates that the German government began its sales spree yesterday by sending 2,700 BTC to major exchanges such as Kraken, Bitstamp, and Coinbase. Additionally, it…

On-chain data shows that Bitcoin long-term holders have potentially been selling recently, something that may explain BTC’s continued bearish momentum. Bitcoin Exchange Inflow CDD Has Registered Huge Spikes Recently As an analyst in a CryptoQuant Quicktake post explained, old cryptocurrency tokens have recently been deposited in large quantities in centralized exchanges. The on-chain metric of interest here is the “Exchange Inflow Coin Days Destroyed (CDD).” A “coin day” refers to a quantity that 1 BTC accumulates after staying dormant on…

The Crypto Fear & Greed Index has hit the ‘extreme fear’ category, its lowest level since December 2022, as Bitcoin’s price struggles to stay above $57,000. Despite Trump’s appearance at the Bitcoin 2024 Conference pushing the top crypto yesterday, it was rejected by the $60,000 level, and analysts warn that further downsides are looming. Bitcoin continues to struggle on the price charts, and despite a slight rally in the past four hours, the top crypto is down over 2% in…

The post Bitcoin (BTC) Price Bull Run to Begin in August: Here’s Why appeared first on Coinpedia Fintech News Bulls and bears – everyone needs to take note! Bitcoin (BTC) recently faced a significant price rejection near the $59k mark, resulting in a 2.1% decline over the past 24 hours. This drop has intensified concerns about potential further crypto market capitulation. As Bitcoin lingered around $57,300 early on Friday during the New York trading session, the fear and greed index…

In March, Bitcoin hit an all-time high above $73,000, sparking debates amongst market watchers and analysts about whether the cryptocurrency  has hit its top this cycle. However, a crypto analyst has provided an in-depth analysis of Bitcoin’s recent price movements and future outlook, suggesting that the pioneer cryptocurrency still has substantial upside momentum ahead.  Analyst Says Bitcoin Has Reached Second Early Cycle Top On July 11, a crypto analyst identified as ‘CryptoCon,’ took to X (formerly Twitter) to share insights…