Bitcoin

The SEC’s receipt of Hashdex’s application is a key step toward potentially approving a combined Bitcoin and Ethereum ETF, impacting the crypto market. Despite past rejections, the recent approval of spot Bitcoin and Ethereum ETFs suggests a favorable shift in the regulatory landscape for future crypto ETPs. According to the recent update on Binance news, the US Securities and Exchange Commission (SEC) has confirmed receipt of the 19b-4 application from Hashdex Nasdaq Crypto Index US ETF, initially announced by Nate…

The post BitMEX’s Arthur Hayes Reignites Bitcoin Vs Gold Debate appeared first on Coinpedia Fintech News Arthur Hayes has yet again ignited the Bitcoin vs gold debate, highlighting Bitcoin’s technological edge, market performance, and the impact of recent geopolitical shifts on safe-haven assets. Hayes emphasizes Bitcoin’s superior transaction speed and efficiency over gold due to its cryptographic blockchain. Hayes notes that Bitcoin has outperformed traditional assets to such an extent that it’s difficult to discern the difference in returns between…

The post Bitcoin To Skyrocket By 200% Surge? Key Indicators Signal Massive Breakout appeared first on Coinpedia Fintech News Bitcoin (BTC) on-chain data indicates a rise in daily active addresses, along with a slight increase in flows into US spot Bitcoin ETFs potentially triggering an upward rally in the coming days. Meanwhile, prominent crypto influencer Wise Advice highlighted a significant development in the Bitcoin market. The Bitcoin weekly Bollinger Band has reached its second lowest level in 6 years, a…

Arthur Hayes, the co-founder of crypto exchange BitMEX, has recently offered a comprehensive analysis in his latest essay, “Zoom Out,” drawing compelling parallels between the economic upheavals of the 1930s-1970s and today’s financial landscape, specifically focusing on the implications for the Bitcoin and crypto bull run. His in-depth examination suggests that historical economic patterns, when properly understood, can provide a blueprint for understanding the potential revival of the Bitcoin and crypto bull run. Understanding Financial Cycles Hayes begins his analysis…

The post Bitcoin Market Update: Dormant Address Activates Amidst Bullish Trends appeared first on Coinpedia Fintech News Bitcoin (BTC) is currently priced at $62,995.60, with a market cap of $1.24 trillion, commanding a dominance of 53.52%. Over the past week, BTC has seen a 2.78% increase and a 7.01% rise over the past 30 days. Despite a slight 0.49% dip in the last 24 hours, transaction volume remains robust at $21.84 billion, with 346,753 BTC traded. In a notable event,…

The post Bitfarms Records Increased Bitcoin Production Following A Capacity Upgrade! appeared first on Coinpedia Fintech News Bitfarms, a leading Bitcoin mining company from Canada has reported an increase in Bitcoin (BTC) production for the month of June, following an overall capacity upgrade. As per the latest reports of the monthly production, Bitfarms’s BTC production saw a surge of 21% Month-on-Month (MOM) to 189 BTC in June when compared to its 156 BTC production in May.

Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash is far from over, forecasting much lower figures than anticipated. Crypto Analyst Calls Out Possible Bitcoin Crash To $35,000 In a new analysis of the…

A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked about how the selling pressure concerns from miners have resolved recently. There are two on-chain indicators of focus here. The first of these is the “Miner to Exchange Transactions,” which, as its name suggests, keeps track of the total…

Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above $62,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it clears the…