Bitcoin

The post Bitcoin, Ethereum, Cardano Rebound From Market Lows, Analyst Says Increase Will Continue appeared first on Coinpedia Fintech News Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) were listed as some of the biggest losers in the metaverse this past month. However, these tokens ended the last week on a good note, and analysts believe this new trend will continue. ETFSwap (ETFS) has also enjoyed a steady run as its presale raises millions. Important Indicator Signals Huge Recovery For Bitcoin…

The post Bitcoin and Altcoins Poised for Major Gains: Q4 Expected to Deliver Best Returns appeared first on Coinpedia Fintech News Many are questioning whether the recent crypto cycle has peaked, and if they should sell off their assets in anticipation of buying back at lower prices, or if the recent downturns present buying opportunities. According to the analyst Satoshi Stacker, one of the most important macroeconomic factors influencing both the crypto and traditional markets is the anticipated rate cuts…

Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness. This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation level at around $66,000. Binance Bought The Bitcoin Dip Amid the recovery, one analyst, pointing to interesting on-chain data, observed that when prices fell last…

Recent data shows that Bitcoin has completely detached from US stocks. This is significant considering how the flagship crypto and these stocks had a positive correlation before now, which undoubtedly positively impacted Bitcoin and the broader crypto market. Bitcoin Has No Correlation With US Stocks Data from the market intelligence platform IntoTheBlock shows that Bitcoin’s correlation with the Nasdaq 100 and S&P 500 has dropped to -0.78 and -0.83, respectively. This means that Bitcoin and these assets have a strong…

Today’s post-CPI Bitcoin price action has concerned the bulls.  The US Bureau of Labor Statistics released the Consumer Price Index for June today on Thursday. The headline annual CPI inflation came out at 3%, better than the market’s consensus of 3.1%. Similarly, the core CPI inflation YoY increased by 3.3%, better than the expected 3.4%.   The US core inflation excluding shelter also came out negative for the second straight month.  Quite simply, the CPI for June should have been a…

The German government is continuing to sell its large Bitcoin position near the market bottom, while it is continuing to be absorbed by buyers. Is this a similar play to when UK chancellor Gordon Brown sold a huge chunk of his country’s gold at the bottom of the market? The current selling of what could be the entire $BTC holdings of the German government at the bottom of the market could be held up in years to come as one…

Kristoffer Koch turned a $22 Bitcoin investment into nearly $886,000 in four years. Forgotten Bitcoins helped Koch buy a luxury apartment in Oslo in 2013. 2009 found a young Norwegian called Kristoffer Koch delving deeply into the realm of encryption technology for his master’s thesis. He had no idea how this academic pursuit would lead him to a decision that would alter his life. Koch made a small investment in this brand-new virtual currency because of the innovative concepts discussed…

Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its momentum and achieve the $60,152 mark. In this article, BTC’s recent price formation will be analyzed with the help of some technical indicators to ascertain…

In a forecast issued via X on Friday, Timothy Peterson, a respected network economist and prominent author in the field of crypto analytics, predicted a near-certain rise of the Bitcoin price in the upcoming 8 months. “There’s a 90% chance Bitcoin will reach a new ATH before March 2025,” Peterson proclaimed. Peterson, known for his works including “Metcalfe’s Law as a Model for Bitcoin’s Value,” bases his forecast on the analytical framework detailed in his research paper titled “Lowest Price…