Bitcoin

The post 2024 US Voters Bet Big on Bitcoin: What’s Fueling the Crypto Fever?  appeared first on Coinpedia Fintech News A recent survey conducted by Grayscale has many interesting discoveries a crypto enthusiast loves to hear.  The prominent one is its revelation about the growing interest in Bitcoin among US voters. Let’s discuss a few key points revealed by the Phase 2 survey, held by Harris Poll for Grayscale from April 30 to May, 2024.  Rising Interest in Bitcoin: Statistics…

The post Bitcoin, Ethereum, And XRP Price Prediction: Has The Bull Rally Resumed? appeared first on Coinpedia Fintech News The cryptocurrency market has displayed a bullish recovery after trading under a bearish sentiment for four consecutive days. Moreover, the market leader BTC price has recorded a jump of 4.38% within the past day with a trading volume of $36.70 Billion, a change of -27.89%. Following this, the altcoin leader, Ethereum Price, has recorded a similar trend by successfully reclaiming the…

Crypto analyst Rekt Capital has provided insights into when the price of Bitcoin will reach its cycle highs. His analysis has provided reassurance that the flagship crypto is still far from a market top despite its recent decline to new lows this week.  When Will Bitcoin Peak In This Bull Run Rekt Capital mentioned in an X (formerly Twitter) post that Bitcoin could peak in this cycle sometime in mid-September or mid-October 2025 if history were to repeat itself. The…

The cost of producing a Bitcoin is taking a toll on Bitcoin miners whose machines are struggling to yield profits due to the flagship digital asset’s price difficulties. According to data platform MacroMicro, the average cost of mining a single BTC at the start of June soared to $83,668 but slightly declined to around $72,000 as of July 2. Bitcoin Mining Machines Becoming Unprofitable James Butterfill, CoinShares’ head of digital research, shared data showing that Bitcoin price was hovering around…

Terry Proud turned part of his super fund into a thriving crypto investment. Terry’s strategic Bitcoin investment through his SMSF led to significant financial gains. Midway through 2017, when Bitcoin was valued at about $3,000, retiree Terry Proud took a risk that would profoundly impact his financial future. Terry dabbled with cryptocurrency using some of his self-managed super fund (SMSF), a decision that many at the time thought was dangerous. Terry was able to smile broadly at his remarkable returns…

The mass adoption of Bitcoin globally is perceived as a desire for an alternative, better store of value in the long haul as more governments gradually devalue their respective fiat currencies. Chris Wood from Jefferies has inferred that short-term Bitcoin price volatility will be dismal in the long term amid mainstream adoption. In the wake of the much anticipated Mt.Gox repayment that began on Friday, Bitcoin’s (BTC) price registered heightened volatility. The flagship coin dropped as low as $53,898 earlier…

The post Bitcoin Crashes Below $54K Amid Spot Bitcoin ETF Surge, Time to Buy? appeared first on Coinpedia Fintech News Bitcoin dropped to around $53,600 on July 4, marking its first dip below $54,000 since February 25. The largest cryptocurrency by market value then recovered slightly, trading at approximately $56,750. However, it remains 23% below its all-time high of over $73,000 in March. This recent decline in Bitcoin’s price coincides with a surge in inflows for Spot Bitcoin ETFs on…

The post Crypto Market Analysis: Bitcoin, Ethereum, and Altcoins Show Gains! appeared first on Coinpedia Fintech News Is the crypto market finally shaking off its slump? While it’s too early to say for sure, one thing’s clear: Bitcoin, the undisputed king of crypto, is showing signs of life. Currently priced at approximately $56,634, it has shown a slight increase from the previous day’s closing price of $56,624. Over the past 24 hours, Bitcoin’s value has risen by nearly 4.3%. Let’s…

The post Bitcoin Bottoms Out? Analysts Predict Altcoin Explosion with Ethereum ETF Launch appeared first on Coinpedia Fintech News As Bitcoin teeters around $56,600 after a brief dip to $53,500, the crypto world is abuzz with bold predictions that could set the stage for a thrilling market shift. With speculation swirling that Bitcoin may have reached its nadir and the eagerly anticipated Ethereum ETF on the horizon, altcoins are gearing up for a potential breakout. An explosion could be brewing!…