Bitcoin

QCP Capital has recently released a new market analysis offering insight into what might be in store for the price of Bitcoin (BTC) — more importantly, which direction it could move next. These fresh insights particularly focus on the options market. Market Anticipates Movement: Analyzing Bitcoin Options The latest report from QCP Capital has identified an interesting pattern in the Bitcoin options market, highlighting a rise in front-end volatility specific to BTC. This increase by 5 points in short-term volatility…

Bitcoin price started another decline from the $59,500 level. BTC is moving lower, and the bears could gain strength below the $56,000 support. Bitcoin started another decline from the $59,500 resistance zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance at $58,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it fails to stay…

Bitcoin gained 3.5% after the organizers of Bitcoin 2024 announced that Republican presidential nominee Donald Trump would be among the speakers. The event will be held in Nashville, Texas, as Trump continues to champion crypto interests, including claiming he’d fight to expand US crypto mining operations. Donald Trump, the Republican Party presidential nominee, will be the headline speaker at Bitcoin 2024, the event’s organizers have revealed. Bitcoin gained over 3.5% on the announcement. The Bitcoin Conference confirmed today that Trump…

Franco Amati criticizes the regulations, claiming they restrict Bitcoin use and compromise user privacy and security. Alejandro Estrin highlights the growing interest in cryptocurrencies in Argentina, viewing regulations as protective and innovative. More than three months after Argentina implemented Bitcoin ecosystem regulations focusing on exchanges and similar platforms, the local crypto community remains divided. While some claim users despise these regulations, others argue they increase interest in these digital assets. As we pointed out in Crypto News Flash, since March,…

The post Bitcoin Faces Unseen Forces: Why BTC Stuck Below $58K? appeared first on Coinpedia Fintech News Bitcoin’s price has been stuck below $58,000 for a long time. Despite being in a bull market, Bitcoin isn’t moving up, and both market and non-market factors are to blame. Impact of US CPI The US Consumer Price Index (CPI) rose by 3% in June. Analysts see this as a bullish signal for Bitcoin, but the price isn’t rising. If the US central…

A new report from Glassnode has revealed that the Bitcoin short-term holders took part in the largest loss-taking event since 2022 in the recent crash. Bitcoin Short-Term Holders Have Realized Huge Losses Recently According to the latest weekly report from Glassnode, less than 1% of trading days in the cryptocurrency’s history have seen the short-term holders taking higher losses than during the latest event. The “short-term holders” (STHs) here refer to the Bitcoin investors who bought their coins within the…

The United States US Republican party is pushing for more support for Bitcoin mining. The politicians are against CBDCs or Digital Dollar in a bid to spite the Democrats. The Republican National Committee Platform has put its foot forward to defend Bitcoin (BTC) mining and oppose the creation of Central Bank Digital Currencies (CBDC). The platform is supported by former president Donald Trump and formed with an agenda to win the White House and Republican Majorities in the House and…

The German government has now lost its Bitcoin’s billionaire status after more than three weeks of sustained sell-offs. The rising Bitcoin demand as shown by the notable cash inflows to US Spot BTC ETFs has bolstered the ongoing crypto recovery. The German government continued with its Bitcoin (BTC) selloffs on Thursday. The government sent its stash to different exchanges and addresses associated with OTC desks. After depositing hundreds of Bitcoins to Kraken, Bitstamp, Coinbase, and Cumberland among others in the…

REX Shares has announced the launch of the T-REX 2X Long Bitcoin Daily Target ETF which will offer investors a 200% exposure to BTC’s daily performance. The company also announced an inverse ETF providing -200% exposure, making them the two most volatile ETFs in the US market and targeting risk-tolerant traders. The pursuit of outsized gains in the crypto market is set to take a fresh twist with the launch of America’s most volatile Bitcoin ETFs. Launched by REX Shares,…