Bitcoin

As the global financial markets prepare to launch U.S.-based spot Ethereum exchange-traded funds (ETFs), Ethereum is positioned to potentially outperform Bitcoin, according to a new analysis by K33 Research. This comes amid concerns that Bitcoin might face downward pressure due to upcoming repayments to creditors of the defunct Mt. Gox exchange. ETF Launch to Begin a New Era for Ethereum Ethereum has lagged behind Bitcoin in performance over the last year, with the former surging 67% while the latter by…

Bitcoin price failed to start a fresh increase above the $62,850 resistance zone. BTC started another decline and tumbled 5% to test $58,000. Bitcoin started a fresh decline and traded below the $60,000 zone. The price is trading below $61,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase…

Bitcoin is down at press time, wiping the weekend’s gains and inching closer to $60,000. If bears press on, increasing their shorts, the odds of the coin sliding below the psychological number and $56,800 remain high. Glassnode: STHs Are In Red As the world’s most valuable coin finds itself at a critical juncture, fast approaching $60,000, on-chain data points to weakness at spot rates. In a post on X, Glassnode, a blockchain analytics firm, highlighted how BTC finds itself in…

Bitcoin (BTC) has recently struggled to regain bullish momentum, remaining in a consolidation phase just above the crucial $60,000 support. Despite reaching an all-time high three months ago, the largest cryptocurrency witnessed a dip to as low as $59,500 on Wednesday due to increased selling pressure from miners. BTC Selling Spree The ongoing miner capitulation, the longest observed since the summer of 2022 before the FTX implosion, indicates the Bitcoin Halving supply-squeeze effect.  Crypto analyst Ali Martinez noted that Bitcoin…

Standard Chartered has doubled down on its $100,000 price prediction for Bitcoin (BTC) by November 2024. This prediction is backed by ETF inflows, the Bitcoin halving, regulatory changes, and on-chain metrics that reveal growing adoption. Financial giant Standard Chartered has backed the $100,000 price tag for Bitcoin (BTC) before the end of the year. The $820 billion asset manager believes BTC could mark a new all-time high in August before reaching over $100,000 by November. Bitcoin’s all-time high currently stands…

The post Crypto Investors Place $500 Million In Spot Bids For Bitcoin And This Ethereum Token Pop 67⁶ are appeared first on Coinpedia Fintech News In a remarkable show of confidence, crypto investors have placed $500 million in spot bids for Bitcoin (BTC) and the Ethereum-based token, ETFSwap (ETFS). This significant investment underscores the growing trust in the cryptocurrency market, particularly highlighting ETFSwap (ETFS) as an increasingly lucrative product for crypto investors. The Innovative Utilities And Infrastructure Of ETFSwap (ETFS)…

The post Will Bitcoin and Ethereum Drop To New Low This Week? appeared first on Coinpedia Fintech News The cryptocurrency market has displayed a strong bearish price action over the past 48 hours, resulting in top tokens recording significant losses in their respective portfolios. Furthermore, the market leader, Bitcoin price has lost approximately 5% within the past 24 hours. On the other hand, the leader of altcoins, the Ethereum (ETH) token has displayed a similar price action and has experienced…

British mega bank Standard Chartered has made a bullish prediction for Bitcoin (BTC), the world’s largest cryptocurrency. The multinational bank has projected that Bitcoin will surge as high as $100,000 from its current price of above $60,000. Bitcoin To Reach $100,000 By US Election Day In a Tuesday note, Standard Chartered’s head of forex and digital assets research, Geoffery Kendrick predicted that Bitcoin could see its price rallying to $100,000 by the United States (US) election day in November. He…

The crypto market is down again, with the Bitcoin price testing the $60,000 support level for the 9th time and momentarily dipping below the crucial mark.  Fortunately for the bulls, BTC has climbed back up to $60,500, temporarily invalidating the worst-case scenario of falling to $48,000.  Large-cap altcoins have also suffered heavy losses, with Dogwifhat, Ethereum Name Service and Brett all down by double digits.  The crypto market crash has pushed investors towards presale projects again, considering they are not…