Bitcoin

Over the weekend, Bitcoin (BTC) ‘s price circled between $54,424 and $58,215. However, as the new week begins, the coin presents an interesting revelation on-chain that could influence its next direction. To put it in perspective, this condition has been historically crucial to BTC’s recovery. Will it be the same this time? Bitcoin Oversold, Drives Multiple Bids The metric in question is the NVT Golden Cross. NVT stands for Network Value to Transaction. Defined as a reformed index of the…

The post Bitcoin Miner TeraWulf Is Open To Merger To Widen Profit Margin appeared first on Coinpedia Fintech News Bitcoin mining firm TerraWulf says it would consider a merger if there’s an opportunity to widen its profit margins. This comes following the expectations of more mergers and acquisition offers in the mining sector, following the latest Bitcoin halving. TeraWulf is focusing more on “organic growth” at its existing sites and shareholder returns. TeraWulf mines most of its bitcoin using nuclear…

The post With Bitcoin Under $56K, Why Is The Crypto Market Crashing Today?  appeared first on Coinpedia Fintech News With a 4% drop on Sunday, the bears overwhelmed the Saturday recovery in Bitcoin and put the altcoins market back into the bear zone. Undermining the chances of a recovery week, the increasing supply influences a downfall this Monday in the early Asian trading hours.  Bitcoin is trading at $55,269 with an intraday loss of 1.30% and registers a low at…

Bitcoin price failed to start a recovery wave above the $58,500 resistance zone. BTC started another decline and might extend losses below $54,000. Bitcoin started a fresh decline and traded below the $56,500 zone. The price is trading below $56,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase…

Bitcoin’s (BTC) price volatility continues to challenge investors. Early Monday, it fell to $54,200, negating gains from a peak of roughly $58,500 over the weekend. The last few hours have been particularly turbulent, with significant fluctuations and liquidations characterizing the market. Bitcoin Causes Liquidations of Over $100 Million in the Last 4 Hours Despite a promising attempt at recovery on Sunday, Bitcoin faced stiff resistance that led to a sharp decline. Within just four hours, the market experienced liquidations totaling…

The Mt Gox Repayment process that kicked off late this week has caused significant volatility in the Bitcoin market. While uncertainty takes the stage, analysts still view Bitcoin as a long-term play against weakening fiat currencies. The long-awaited Mt Gox repayments that began late this week have brought colored opinions among crypto enthusiasts as they significantly impact BTC’s price. While the initial fears among Bitcoin investors of a massive sell-off continue to shrink, skepticism continues to fill the crypto market.…

The post Crypto Traders Lose $600 Million In 24 Hours as Bitcoin Crashes, but This Ethereum Gem Keeps Winning appeared first on Coinpedia Fintech News Bitcoin’s (BTC) recent liquidations have led to a significant price decline, the lowest point it has reached since February this year. Experts forecast that this bearish trend will last longer than previous price corrections.  However, as Bitcoin’s (BTC) liquidations continue to rise, the adoption of RCO Finance (RCOF) is also increasing, with more crypto traders…

The price of Bitcoin has increased by 6% since it crossed into the $53,000 price territory on July 5. However, while the cryptocurrency is now exhibiting short-term bullishness, it is important to note that it is not out of the woods yet. There are still some serious resistance levels that could keep BTC trapped in a range below $60,000 for the rest of the month. According to a recent analysis by Captain Faibik, the leading digital asset needs to close…

The Bitcoin market is experiencing a wave of uncertainty as a recent analysis by CryptoQuant reveals a significant shift in investor behavior. Roughly $2.4 billion worth of Bitcoin, likely acquired by investors this year, has moved within the network, sparking debate about the reasons behind the exodus. Short-Term Jitters Drive Sell-Off Experts believe these outflows are driven by short-term investors who made a foray into the market in early 2023. Back then, anticipation surrounding Bitcoin Exchange-Traded Funds (ETFs) and the…