Bitcoin

Data shows the Bitcoin sentiment is close to entering into the extreme greed zone. Here’s what this could mean for the cryptocurrency’s price. Bitcoin Fear & Greed Index Has Continued To Decline Recently The “Fear & Greed Index” is an indicator developed by Alternative that tells us about the average sentiment that traders in the Bitcoin and wider cryptocurrency market currently share. The index uses five factors to determine this sentiment: volatility, trading volume, social media, market cap dominance, and…

The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of BTC. However, a turn in the tide could be coming for Bitcoin and crypto at large as the CPI data is expected to drop on…

Bitcoin ETFs are recording massive inflows despite the strain in the broader market. Bitcoin price has been under intense pressure amid Mt.Gox and the German government’s selloff. The Bitcoin (BTC) Exchange-Traded Fund (ETF) market appears to be waking up from slumber as all products recorded  $143.1 million in new money on Friday. This recovery is a notable feat for the spot BTC ETF market as it is the highest figure recorded in the past two weeks. An Uptick in Bitcoin…

Bitcoin halving is a fascinating phenomenon with the power to reshape the cryptocurrency landscape. Every four years, the rewards for mining Bitcoin are cut in half, leading to significant economic ripples. But how exactly does this event help control inflation? Dive in to uncover the mechanics behind Bitcoin halving and its broader economic implications. Decoding Bitcoin halving and also want to learn investing? The bitcoin-eprex.org/ can connect you with experts for a deeper understanding. Bitcoin Halving and Market Reactions Bitcoin…

The post Altcoins Stage Recovery Rally As Bitcoin Eyes $55000 Levels appeared first on Coinpedia Fintech News Bitcoin has now dropped below a crucial level, potentially signaling a prolonged period of market volatility. On Crypto Banter’s Dylans Trading Show, the analyst said that while Bitcoin has drifted to the red zone, altcoins are starting to catch up. Here’s a breakdown of his analysis:  Altcoin Analysis: Discussing various altcoins, the analyst noted their recent performance, including gains and pullbacks. He also…

The post Bitcoin Whales Positioned ETF Investors To Bear The Losses: Peter Schiff appeared first on Coinpedia Fintech News Peter Schiff, in an X post, noted that based on the recent trading patterns and ETF inflows, experienced investors are selling Bitcoin on the spot market, while the less experienced ones are purchasing it through ETFs. He implied that whales have strategically positioned ETF investors to bear the brunt of potential losses. Schiff also pointed out that many people who profited…

On Saturday, Bitcoin experienced a robust rally, climbing above $58,250. Despite this upward movement, it was unable to sustain the momentum and close above the 200-day Exponential Moving Average (EMA). This led to the formation of a bearish engulfing candlestick pattern on Sunday, signaling potential downside momentum. Currently, Bitcoin is trading below $56,000, positioning it at a critical juncture in terms of technical analysis and market sentiment. Sina G, the COO and co-founder of 21st Capital, provided a breakdown of…

In the rapidly evolving world of cryptocurrency, where market fluctuations are the norm, Script Network ($SCPT) stands as a beacon of stability and growth. Bitcoin, the world's leading cryptocurrency, is facing significant volatility. Recently, Bitcoin's price has been downward, plummeting to $60,360 as of July 3. This decline marks a period of uncertainty for investors who have witnessed Bitcoin's dramatic fluctuations over the past few months. Even as Bitcoin experiences this significant drop, Script Network is nearing an impressive milestone…

As the German government continues to sell $BTC, and Mt. Gox creditors are starting to receive their disbursements, Bitcoin is still under selling pressure. That said, the price is holding above $55,000 and indicators are showing that Bitcoin is oversold. Is the local bottom now in? Constant drip, drip of selling According to Lookonchain, the German government transferred 1,000 $BTC out of its wallet earlier today, and deposited exactly half of it to Coinbase and Bitstamp. Another potential 1,000 BTC…