Bitcoin

Bitwise CIO Matt Hougan told CNBC that he expects Bitcoin ETFs to continue exploding in 2025, noting that gold ETFs doubled their assets under management in the second year. Hougan also expects Ethereum ETFs to launch soon and to clinch at least a third of what Bitcoin ETFs have accumulated, based on their market cap, which would amount to over $15 billion. Bitcoin ETFs have had an explosive debut, hitting $50 billion in assets under management just six months after…

The post Can Bitcoin Price Overcome Bearish Pressure Amid Upcoming FED Rate Cuts? appeared first on Coinpedia Fintech News The latest CPI reported unexpectedly low U.S. inflation. Core inflation fell 0.1 percent from 3.4 percent to 3.3 percent in June, the first drop in almost four years. Analysts see this as a bullish signal for Bitcoin, but the price isn’t rising. If the US central bank cuts interest rates, discouraging fixed-income investments, people will look for investments with higher returns.…

After a month-long period of increased selling pressure, the German government has nearly exhausted its Bitcoin treasury, selling over 90% of its BTC seized in January in the country’s largest Bitcoin seizure, worth over $2.1 billion.  With less than $300 million worth of BTC remaining, this signals the end of a significant sell-off period, with expectations of further price appreciation for the largest cryptocurrency on the market. 9.9% Of Seized BTC Remains On-chain data from market intelligence firm Arkham reveals…

The German government has sold nearly all of its Bitcoin, and one particularly powerful technical indicator looks ready to signal a change in momentum. A rate cut in September now looks very likely, but when will the Bitcoin rally actually start? 50,000 $BTC nearly all sold but price holds “The German Government is running out of Bitcoin”, is the latest X post update from Arkham Intelligence. The post states that on Thursday, the German Government sent 5,000 more $BTC to…

The post Bitcoin Revamps Bearish Trend: Here’s What Attributing to the Underperformance of BTC Price  appeared first on Coinpedia Fintech News Yesterday, the Bitcoin price was rejected from a crucial resistance level at the 200-day MA, which raised suspicion of an incoming descending trend. After withstanding immense selling pressure within the pivotal zone, the BTC price finally broke down the range, hinting towards a more bearish trend fast approaching. However, Bitcoin ETF giants continue to buy ETFs in the hundreds…

The post Bitcoin ETF Records A Positive Inflow For The 5th Consecutive Day, GBTC Continues Losing Momentum! appeared first on Coinpedia Fintech News The BitcoinETF witnessed an inflow of $78.9 Million yesterday, resulting in it recording a positive inflow for the fifth consecutive day. BlackRock’s “IBIT” has recorded the highest inflow with $72.1 Million followed by Fidelity’s “FBTC” with $32.7 Million. However, Grayscale’s “GBTC” continues to record its outflow streak for the third day with $37.7 Million.

The post Bitcoin Price Has Displayed A Drop Of 1.38% Despite Positive CPI Data! appeared first on Coinpedia Fintech News The June U.S. CPI inflation hit 3.0%, under the expected 3.1%. Moreover, core CPI rises 3.3% Y-o-Y, missing the forecast of 3.4%. However, the price of Bitcoin failed to surpass its important resistance of $59,600. Currently, the star crypto hovers close to its $57,000 range with a 24-hour drop of 1.44% and a trading volume of $28.45 Billion, a change…

The post Germany’s Rapid Bitcoin Sell-Off: $521M Holdings Cut in 24 Hours appeared first on Coinpedia Fintech News In a surprising turn of events, the German government has significantly reduced its Bitcoin holdings, now owning just 9,094 BTC (approximately $521 million) after offloading 6,458 BTC (around $379 million) within the past 24 hours. This rapid sell-off has potentially contributed to Bitcoin’s failure to cross the $60,000 mark for the second time. Earlier, Bitcoin surged to $59,516 following the US CPI…

TrumpCoin (DJT) surged on Wednesday following the news of Donald Trump’s participation in the Bitcoin 2024 Conference. The announcement propelled the token’s price by over 55% while other Trump-inspired memecoins increased by nearly 20%. Trump Joins The Bitcoin Conference On July 10, Former US president and Republican candidate Donald J. Trump was officially announced as a keynote speaker at the Bitcoin 2024 Conference. The Bitcoin Conference will occur in Nashville, Tennessee, between the 25th and 27th of July. Crypto-friendly Independent…