Bitcoin

Bitcoin (BTC) has made a strong start to the new month after the price fell short of expectations for a large part of 2024’s second quarter (Q2). Trading at $63,255, the price increased by 3.11% in the last 24 hours. Investors will be interested in whether the coin will continue its run or fare better. This analysis affirms the possibility of a higher price by the end of July unless something unexpected happens. Bitcoin Miners Reduce High Selling Activity Miners…

The post Bitcoin Market Update: Bullish Sentiments Rise appeared first on Coinpedia Fintech News Bitcoin’s Open interest has rebounded to $17.47 billion, a 1.3% jump in 24 hours. The funding rate has improved, reflecting bullish sentiments. Further, Bitcoin’s network transfer volume increased by 1.57% in the last 24 hours, with a value of 481,332 BTC. Addresses also surged by 4.22%, reaching 1.37 million. Transactions, however, dipped slightly over the last 24 hours. Overall sentiment remains bullish, with the Binary CCD…

The post Bitcoin Price Prediction: Fear Turns to Greed? Analyst Predicts Bull Run appeared first on Coinpedia Fintech News Bitcoin, the king of digital currencies, is at a turning point. After a recent plunge, the price has surged 7%, reaching $63,700 today. What’s driving this sudden shift? This significant rise comes as investors react to developments tied to the upcoming US 2024 Presidential Elections. Is this the start of a fresh new bull run? Dive in to get the answers.…

Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend trading, once a notorious breeding ground for volatility, has been especially significant in the cryptocurrency landscape. However, a recent report by Kaiko reveals a not so rosy picture – BTC weekend trading volumes have plunged to historic lows, potentially marking a new era dominated by institutional weekday warriors. Bitcoin Trading Activity Takes A Nap Kaiko’s data is straightforward: Bitcoin weekend trading activity has shrunk…

Bitcoin (BTC) is on the brink of a significant price movement as it approaches the crucial resistance level of $64,515. The cryptocurrency asset has been experiencing an upward trend, gaining momentum and investor confidence.  Breaking through this key resistance could act as a catalyst for a major rally, potentially pushing BTC to new heights. Traders and market analysts are closely monitoring this level, as a successful breach could signal a strong bullish phase and attract increased trading activity, further driving…

Over this past weekend, Bitcoin (BTC) experienced a significant rally, pushing its price above $63,000—an increase of 5.6% since hitting a low below $60,000 on Friday. This unexpected surge occurred despite a lack of major news triggers, leading to speculations and analyses concerning the underlying causes. Here’s a deep dive into three key factors that might explain this weekend’s price action. #1 Mysterious Bitcoin Whale Activity According to DeFi^2 (@DefiSquared), the number one ranked trader on Bybit and a leading…

The sentiment for Bitcoin is currently one of worry and concern. Will $BTC fall further? Is the bull market over? Should investors sell everything and get out while they still can? No! Bitcoin is in its bull market. It has a good long way to run yet, and if the price dips, it’s another potential opportunity to buy more. The unnerving ups and downs of the crypto market For those new to crypto, the swings up and down in price…

The post Bullish Patterns Predict 30% Jump for Bitcoin As Ether Preps For $5,000  appeared first on Coinpedia Fintech News Following a massive recovery over the weekends, the BTC price enters the new week optimistically. With an almost 3% rise, Bitcoin marks the end of the correction phase in the short term, resulting in a broader market recovery.  As July starts, the overnight turn of sentiments teases a bull run with a breakout. Further, the underlying gears of bullishness churning…

The post Bitcoin Rebounds; Initiates The Quarter on a Positive Note: May Hit $70,000 in July appeared first on Coinpedia Fintech News Bitcoin price has squashed the bearish narrative for a while as the token triggers a strong rebound from the interim lows. In times when the price was expected to mark new lows below $58,000, the rebound indicates the bulls mimicked being weak and trapped the bears to maintain a consistent ascending trend ahead. However, the breakout is yet…