Bitcoin

Amid the recent crypto market downturn, prominent industry figures predict that Bitcoin’s (BTC) price could reach the $100,000 mark by the end of the year. This forecast comes from Matt Hougan, Chief Investment Officer (CIO) at Bitwise, and Anthony Scaramucci, founder of SkyBridge Capital. Their optimism stems from several key developments in the crypto market. One-Off Sales vs. Long-Term Growth: Experts Weigh Bitcoin’s Future The crypto market is currently grappling with several headwinds. One significant factor is the distribution of…

The post With The Price Of Bitcoin Dropping 2.5%, The Cryptocurrency Market Stumbles Again! appeared first on Coinpedia Fintech News After trading under a bullish sentiment for three consecutive days, the crypto market has recorded a correction of 1.43% in its global valuation, from $2.16 Trillion to $2.13 Trillion, a drop of approximately $30 Billion. Moreover, the BTC price has failed to hold its value above the $58,000 mark, resulting in it recording a 24-hour low of $57,120.38. Positively, the…

The post Bitcoin ETFs Record An Inflow Of Over $100 Million For The 4th Consecutive Day! appeared first on Coinpedia Fintech News Reportedly, the BitcoinETF has recorded a net inflow of $147 Million yesterday. With a net inflow of over $100 Million for the fourth consecutive day, the market has recorded a strong fundamental. Fidelity’s “FBTC” recorded the highest inflow yesterday of $57.8 Million. However, BlackRock’s “IBIT” has recorded a freefall from $121 Million to $22.2 Million. Further, Grayscale’s “GBTC”…

In recent weeks, German authorities have stepped up the sale of significant amounts of Bitcoin (BTC), resulting in increased selling pressure on the world’s largest cryptocurrency, which has fallen over 20% in the past month.  Bitcoin Reserves On The Brink Of Exhaustion The selling spree began last month when the German government initiated the sale of seized Bitcoin from a wallet operated by the country’s Federal Criminal Police Office, commonly known as the Bundeskriminalamt (BKA).  The BKA sold 900 BTC…

The Bitcoin recovery has not been as impactful as expected, failing to break $60,000 even after a return of bullish momentum. Given this, expectations of a bearish reversal have become the norm as analysts do not believe that the pioneer cryptocurrency has enough steam to sustain the current momentum. One of the analysts who believe the price is destined for a downturn is Finn Oakes, who predicts a return to the $53,000 territory. Bitcoin Forms Double Top Pattern In the…

Canadian rapper Drake lost another Bitcoin bet after Argentina beat Canada 2-0 in the Copa America semifinals. The Argentine Football Association (AFA) fan token soared over 40% following the victory. Bitcoin Bet Lost: Did The ‘Drake Curse’ Do It Again? On Monday, Drake shared on Instagram that he had bet against the Argentina National Football Team. Ahead of the match, the rapper placed a $300,000 bet in Bitcoin that the Canada National Football Team would defeat the World Cup champions…

Bitcoin price struggled to clear the $59,500 level. BTC is moving lower and now at risk of more downsides toward the $56,000 level. Bitcoin started another decline from the $59,475 resistance zone. The price is trading above $57,200 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $57,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another major decline if it…

The organizer of The Bitcoin Conference just announced that former US President Donald Trump will be one of the speakers at the event. This event, set to take place from July 25 to 27 in Nashville, Tennessee, is one of the largest gatherings of Bitcoin enthusiasts and industry leaders globally. This announcement has sparked remarkable enthusiasm among the crypto community. Trump’s Crypto Campaign Gains Momentum Amidst Political Rivals According to the event organizers, the presumptive Republican presidential nominee will address…

Bitcoin has seen better days, yet crypto experts speculate it could witness another leg of significant decline to the $50,000 mark in the coming weeks. Their bias is driven by several factors, including large profit-taking from Exchange-Traded Funds (ETFs) investors and the recent BTC transfers initiated by the German government.  While this has destabilized the crypto market, with many altcoins mirroring Bitcoin’s downward price movement, Kaspa, RCO Finance, and Solana have shown strong resilience. Read on to find out why!…