Bitcoin

The post Reasons Bitcoin Might Crash to $48,500 Soon appeared first on Coinpedia Fintech News Amidst the long awaited Mt. Gox repayments and Germany selling its seized BTC, the market is drowning in negative sentiments. The 4 hour RSI chart hit a low of 17.88 as soon as the trading opened in Asian countries and it started to display bad signals. This level of fear and uncertainty is palpable, making traders extremely cautious. Major Resistance Levels Ahead The Fibonacci retracement…

The post BRC-20 Tokens To Drop 25% As Bitcoin Price Fails To Hold $55k Mark? appeared first on Coinpedia Fintech News With the Bitcoin (BTC) price failing to hold its value above the $55,000 mark, the cryptocurrency market has recorded a correction of approximately 8% in valuation within the past 24 hours. Further, top tokens have all plunged below their respective crucial support levels. Following in their footsteps, the BRC-20 tokens have recorded a similar trend by erasing significant valuation…

The post Bitcoin Decline Causes Sharp Drop In Crypto Stocks Ahead Of US Job Report appeared first on Coinpedia Fintech News The stock of prominent crypto companies experienced significant declines as Bitcoin’s decline intensified. MicroStrategy’s shares plummeted over 6% in premarket trading. The MSTR stock plunged 6.53% to $85.09 today. Bitcoin mining firms like Riot Platforms (RIOT) and Marathon Digital (MARA) suffered losses of 5.64% 6.48% and 8.8%, respectively. Further, Marathon Digital’s June mining output decreased to 590 BTC from…

Bitcoin has recently been plagued with massive selling pressure, with different entities looking to offload their holdings. This time, on-chain data shows a dormant Bitcoin wallet that transferred over $6.8 million in Bitcoin, suggesting that this whale may also be looking to sell their tokens.  Dormant Bitcoin Wallet Transfers Funds For First Time In 12 Years On-chain data shows that a Bitcoin wallet (1Nxxi) that had been dormant for 12 years transferred funds for the first time on July 4.…

Justin Sun has offered to purchase the German government's $2.3 billion Bitcoin holdings off-market to prevent potential negative impacts on the cryptocurrency's price. Sun's Proposal Tron founder Justin Sun is again playing savior with his offer to purchase the German government's Bitcoin holdings, valued at over $2.3 billion. Sun made this announcement via a tweet on July 4, expressing his interest in buying Bitcoin (BTC) off-market to avoid significantly impacting the cryptocurrency's price. In his tweet to his 3.5 million…

VanEck remains optimistic as Bitcoin (BTC) price continues to nosedive in the aftermath of woes around the German government and Mt. Gox. Market corrections are a dreaded scenario, spelling fear among traders. While the otherwise “weak hands” cower, the bold lot seize the opportunity to grow their bags. VanEck Urges Traders: Buy Bitcoin During Market Panic Describing the ongoing Bitcoin crash as “4th of July discounts,” VanEck sees BTC price falling to the $53,000 range as a ‘buy the dip’…

The post Peter Schiff Sarcastic Reply To Saylor’s Tweet Over Bitcoin appeared first on Coinpedia Fintech News Amidst the Bitcoin decline and liquidations totaling over $662.62 million in the past day, Michael Saylor took to social media to express his continued support, stating that Bitcoin represents independence. However, Peter Schiff, the outspoken Bitcoin critic responded with sarcasm, suggesting that Bitcoin would indeed make investors independent of their money. He highlighted the recent low of $53,550 per BTC, which is an…

The post Peter Schiff Predicts Bitcoin Price Crash To $38k appeared first on Coinpedia Fintech News Peter Schiff, a renowned critic of cryptocurrencies, has once again expressed doubts about Bitcoin’s future. His latest focus is on Bitcoin ETFs, where he predicts a potential large-scale sell-off that could further destabilize the market. Schiff’s warnings come at a crucial time for Bitcoin, as the cryptocurrency is experiencing significant price fluctuations. What’s driving the sell-off? Is the German government to blame? What’s next?…

The post Crypto Traders Lose $600M in 24 Hours With Bitcoin Dragging Crypto Market Down appeared first on Coinpedia Fintech News The Bitcoin crash recently has dragged the entire crypto market down, with over $300 billion erased from the total capitalization since July 3. In the last 24 hours, over 230,000 crypto traders lost more than $660 million in long-squeeze liquidations. The long squeeze affected 233,088 traders, and Binance‘s ETH/USDT pair had the largest order, with $18.48 million. Bitcoin liquidated…