Bitcoin

The post Massive Bitcoin Withdrawals and XRP Transfers: What It Means for Furrever Token’s Presale Boom appeared first on Coinpedia Fintech News The cryptocurrency market is experiencing significant shifts with massive Bitcoin withdrawals amounting to $3.8 billion and notable XRP transfers totaling $4 million. These movements have sparked discussions on their potential impact on prices and market stability. Amidst this dynamic landscape, Furrever Token is making waves with its presale boom, offering a unique blend of cuteness and profitability. As…

The German government has sold more than half of its entire $BTC stack. $900 million worth of $BTC was transferred to exchanges on Monday, but Bitcoin appears to have already absorbed the selling and is starting to rise on Tuesday. Technical indicators point to the possibility that a $BTC revival could be beginning. German selling is being mopped up The German government may have already sold more than half of its entire holdings of $BTC, but it still has more…

The post Bitcoin ETF Records The Highest Single Day Inflow In Over 3 Weeks, No ETFs Witness Outflows! appeared first on Coinpedia Fintech News On 8th July, the 10 U.S. Bitcoin ETFs recorded an inflow of +$295 Million, the highest in the past 21 days. This came despite the German government’s $1 Billion worth of BTC outflow. Notably, no U.S. Bitcoin ETF saw any outflows yesterday. Further, with an inflow of $187 Million, BlackRock’s “IBIT” has witnessed the highest level…

The post Bitcoin Price Today: Will BTC Price Rebound or Face More Declines? appeared first on Coinpedia Fintech News Bitcoin recovered some of its losses over the weekend, closing at $58,250, just below the target of $58,450. However, the market is still cautious because the German government is selling its seized Bitcoin, which signals potential further sales from their reserves. What’s going on with Bitcoin? The analyst clears the doubt about Bitcoin recovery. Experts like Willy Woo believe they have…

On-chain data shows that the Bitcoin Market Value to Realized Value (MVRV) ratio is doing a retest that has historically been significant for BTC. Bitcoin MVRV Ratio Is Retesting Its 365-Day SMA Right Now As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin MVRV ratio is retesting a level that has acted as an important psychological level in the past. The “MVRV ratio” here refers to a popular on-chain indicator that, in short, compares the value that…

Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price.  As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability.  However, industry experts, including CryptoQuant CEO Ki Young Ju and Alex Thorn, head of research at Galaxy Digital, have offered insights into this development, suggesting that the…

Veteran trader Peter Brandt has raised the possibility of Bitcoin dropping to as low as $44,000. He predicted this could happen based on a technical indicator that paints a bearish outlook for the flagship crypto.  Why Bitcoin Could Drop To $44,000 Brandt predicted in an X (formerly Twitter) post that Bitcoin could drop to as low as $44,000 if the flagship crypto has completed a double top. A double top is a bearish pattern that indicates that BTC could witness…

Bitcoin price is consolidating losses above the $55,000 level. BTC must settle above $58,500 and then $60,000 to start a recovery wave. Bitcoin dipped again and retested the $54,500 support zone. The price is trading below $58,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $57,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the $58,500…

So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is a sign that the market has become more fearful as traders watch several key technical levels. However, the latest data suggests a shift in trader…