Bitcoin

The post Here’s How Much Bitcoin Price Can Surge In July, Top Analysts Weigh In appeared first on Coinpedia Fintech News In June, Bitcoin faced a substantial decline, dropping nearly 17% in value. Alongside this plunge, the global crypto market also experienced a notable decrease, with its total capitalization falling by 10.27% from $2.53 trillion at the beginning of the month to $2.27 trillion by its end. However, as July began, Bitcoin started to show signs of recovery. The cryptocurrency…

Bitcoin price is up nearly 5% and there was a move above $62,500. BTC is now testing the $63,500 resistance zone with a positive angle. Bitcoin started a decent increase above the $62,200 and $62,400 levels. The price is trading above $62,500 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $61,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to…

Presidents like Bukele and Milei demonstrate how pro-bitcoin policies can effectively improve economies. Venezuela could become a Bitcoin mining hub under a new government according to Di Bartolomeo. Mauricio Di Bartolomeo, co-founder of Ledn, emphasizes the growing impact of cryptocurrencies on upcoming elections in Latin America. He underscored citizens’ preference for candidates endorsing Bitcoin as a robust financial alternative. Presidents like Bukele in El Salvador and Milei in Argentina have shown that pro-bitcoin policies can be popular and effective in…

Bitcoin mining has seen a massive slice in its hashrate as miners begin selling off. Despite the slowing hashrate, many mainstream firms like Deutsche Telekom plan to break into the industry. Recent data from Blockchain.com reveals a decline in Bitcoin (BTC) mining hashrate, reaching its lowest level since early March. This decline coincided with a substantial decrease in Bitcoin’s prices, raising concerns about profitability and overall network health. Measuring Miners’ Sentiments With Hashrate Essentially, the mining hashrate is the combined…

The post Altcoins Are Ready To Steal The Spotlight From Bitcoin, Here’s Why appeared first on Coinpedia Fintech News Recently, altcoin holders have faced significant stress due to market movements over the past five weeks. Major shifts and turning points often involve extreme pain and patience, causing many to give up. But one has to remember that altcoins can gain momentum only when Bitcoin dominance decreases. Ethereum ETF discussions are heating up, with approvals and trading expected in the first…

June was much rougher for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin virtually declined throughout the month, leaving many investors, especially short-term holders, disappointed. However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing. New data shows the number of new Bitcoin addresses being created has surged to the highest level in two months. This growth suggests the long-term prospects for Bitcoin remain strong. New BTC Addresses…

Bitcoin miners are currently facing significant “capitulation,” pushing them to innovate for additional revenues. Bitcoin miner capitulation occurs when miners are forced to shut down due to unprofitability or unsustainable operating costs. This can happen when the cost of mining (including electricity, hardware, and operational expenses) exceeds the revenue generated from mining the bellwether asset. Bitcoin Miners Face Economic Pressures Amid Capitulation Data from CryptoQuant shows a 7.6% drop in Bitcoin mining hashrate this month, now resembling levels last seen…

The post Bitcoin, Ethereum, And XRP Price Prediction: Will Bulls Make A Comeback This July? appeared first on Coinpedia Fintech News The cryptocurrency market has displayed a weak price action since the month started, indicating an increase in the selling pressure within the crypto space. Moreover, the global crypto market capitalization has recorded a drop of 10.27% in valuation, from $2.53 Trillion on 1st June to $2.27 on 30th June. Furthermore, the elite cryptocurrencies continue hovering close to their crucial…

June proved to be a turbulent month for cryptocurrencies, with Bitcoin, Ethereum, and Cardano each facing unique challenges and trends. Despite some positive signals, the overall sentiment was dampened by geopolitical tensions, regulatory uncertainties, and shifting market dynamics. Bitcoin's struggles and market response Bitcoin experienced a notable downturn after the Federal Reserve's June FOMC meeting, where the Fed Chair's skepticism about the U.S. economy's strength led to a market retreat. Bitcoin prices fell to a weekly low of $66,249, with…