Bitcoin

The German government has extended its significant Bitcoin (BTC) transfers over the past day, continuing the trend that began last month. Bitcoin addresses linked to German authorities sent another 700 BTC, worth $40.47 million, to the ‘139PoP’ address this weekend. This transaction was identified through the on-chain analytics firm Arkham. German Government Bitcoin Transfers Reports suggest that this transfer indicates a potential intention to sell the assets, as the unlabeled address may belong to an institution or an over-the-counter service…

Amidst interest in BRICS from Southeast Asian countries, Zambia has become the latest country to ditch the US Dollar, threatening jail time for using foreign currency. BRICS has revealed its plans to launch a rival currency this year that could be backed by gold, but experts have lauded Bitcoin as a possible replacement. BRICS is enjoying great interest worldwide, with developing countries seeking to cut ties with the US dollar and seek an alliance. One African contender has announced that…

The post Bitcoin Cash Price Prediction 2024 – 2030: Is Bitcoin Cash The Best Investment for 2024? appeared first on Coinpedia Fintech News Story Highlights BCH crypto price may reach a potential high of around $435 by the end of 2024. Bitcoin Cash price, with a potential surge, may reach up to $2,090 by the end of 2030. This is testing shortcode . Amidst the market-wide recovery, Bitcoin Cash comes as a quick-to-react altcoin to any significant price movements in…

The post Bitcoin Price Slumps Amid Massive Movements and Institutional Dumping; Algotech’s Presale Demand Goes Sky-High appeared first on Coinpedia Fintech News The crypto market took a sharp downturn today, led by Bitcoin (BTC) plunge be­low the $54,000 threshold for the first time­ in five months. This sudden drop has resonate­d strongly within the crypto community, prompting a flurry of activity among investors and analysts se­eking to grasp the root causes and pote­ntial consequences for the­ broader market. As the…

Crypto analyst Ali Martinez has offered an exciting bullish projection for the Bitcoin price. This analysis is even more interesting for the premier cryptocurrency after it fell to a multi-month low over the past week. Is A Return To $60,000 On The Cards For BTC Price? In a new post on the X platform, Martinez shared an interesting analysis of the Bitcoin price, explaining that the coin might be primed for a run to the upside. This is based on…

Popular Bitcoin critic Peter Schiff dismisses claims of growing institutional interest in the maiden cryptocurrency. Schiff’s challenging statement comes following the recent Bitcoin market sell-off which resulted in a 10% price decline on Friday. Peter Schiff Claims Little Institutional Demand For Bitcoin According to blockchain analytics platform Lookonchain, the German and US governments, and defunct crypto exchange Mt. Gox have moved a combined 17,788 Bitcoin valued at $1.08 billion to exchanges since June 19.  In particular, the German government has…

Although Bitcoin has reclaimed the $56,000 price level in the past few hours, its sudden drop below $54,000 on July 5 has reminded investors of the intense volatility associated with the market. In the larger timeframe, Bitcoin has been down by 7% and 20.25% in the past seven and thirty days, respectively.  While many crypto traders and analysts are still in the spirit of a bullish cycle in the long term, the sudden price drop wasn’t surprising to some. Notably,…

The post How Low Can Bitcoin Go While Cardano, TRON, and RCO Finance (RCOF) Stay In Profit? appeared first on Coinpedia Fintech News The recent cryptocurrency market volatility has raised questions about how low Bitcoin (BTC) can go. At the same time, Cardano (ADA), TRON (TRX), and the emerging RCO Finance (RCOF) platform appear to be weathering the storm.  This article examines the contrasting fortunes of these digital assets and the factors enabling some to stay profitable despite Bitcoin’s bearish…

The post Government Bitcoin Sell-Off Won’t Shake Crypto Market Say CryptoQuant’s CEO appeared first on Coinpedia Fintech News Recent, selling of sized bitcoin by the German government has exerted selling pressure that triggered panic among crypto investors. This move has somewhat resulted in Bitcoin’s price dropping by 4.3% in the past day and over 6.63% in the past week, pushing it below the $54,000 mark.  Perhaps, CryptoQuant CEO Ki Young Ju suggests that government Bitcoin sales may not have as…