Bitcoin

According to data from CoinMarketCap, the price of Bitcoin declined by 5.25% in the past week falling below the $60,000 mark. This price dip adds to the string of negative performances in the last month during which BTC has lost 9.88% of its value.  However, Bitcoin has recently seen an increase in buying interest despite its recent price dips and popular notions that the maiden cryptocurrency is bound to remain in a consolidation state for now. Prominent crypto analyst Ali…

Recent on-chain data shows that substantial amounts of Bitcoin have made their way to centralized exchanges in the last few days. How could this impact the Bitcoin price? Bitcoin Price To Face Further Selling Pressure? In a new post on the X platform, prominent crypto analyst Ali Martinez revealed that Bitcoin investors have been transferring their assets to centralized exchanges in recent days. The relevant indicator here is CryptoQuant’s Exchange Reserve metric, which tracks the total amount of a particular…

The post Whale Transactions Spike For Bitcoin, Ethereum And Dogecoin, Will The Rally Continue? appeared first on Coinpedia Fintech News Recently, there was a spike in whale transactions in the crypto industry, increasing the crypto market capitalization, and top assets like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) began to record steady gains.  Further, the spike in whale transactions also affected an ETF token ETFswap (ETFS) as whales rushed in to buy it in its ongoing presale. Let’s discuss the…

The post Bitcoin July Prediction: Bull Run Isn’t Over, Price To Double Soon appeared first on Coinpedia Fintech News The cryptocurrency market, especially Bitcoin, has everyone on edge due to June’s volatility and unexpected price swings. The key question is, what comes next? Where will we be heading into July? Historically, is July a bullish or bearish month? Moreover, when and where can we expect this bull run to conclude? Timing is always more critical in the market. On Crypto…

MicroStrategy’s stock surged 115% this year, surpassing Bitcoin’s gains. Maxim Group gave MicroStrategy a bullish rating with a $1,835 price target, citing optimism over its Bitcoin holdings. MicroStrategy (MSTR), led by Bitcoin advocate Michael Saylor, has seen a remarkable 115% surge in its stock price this year, outpacing Bitcoin’s gains. This meteoric rise is owed to several strategic endeavors, primarily the company’s assertive Bitcoin investment strategy. The key factor contributing to MicroStrategy’s high stock price is its heavy spending on…

The post Top Influencer’s Bold Bitcoin Strategy Revealed: $10M Move if Prices Drop Below $50K! appeared first on Coinpedia Fintech News Entrepreneur and investment influencer David Portnoy, identified as ‘Dave Portnoy’ in X, has unveiled his strategy to buy a substantial amount of Bitcoin, potentially up to $10 million, should the price drop significantly. In a video shared on his X account, Portnoy disclosed his target price for making a big move into Bitcoin.   Read on to learn what exactly…

In the last week, the price of Bitcoin took a significant nosedive, recording a 7% loss to trade as low as $59,478. According to data from CoinMarketCap, Bitcoin attempted a rebound following this dip but has since been stuck in consolidation between $60,100 – $62,300. Commenting on this development, John Bollinger, inventor of the Bollinger Bands, a popular technical momentum indicator, has provided potential insights into Bitcoin’s next movement as investors continue to await the much-expected crypto bull run. Bitcoin…

Crypto analyst Zen has released a critical assessment of different scenarios to expect for the Bitcoin price in July. Bitcoin’s price performance in June has undoubtedly left many investors disappointed. This is because the cryptocurrency virtually traded on a decline throughout the month, even falling below $60,000 at some point. While the unfavorable price continues to play out, crypto analyst Zen has flagged some major liquidity pools that could determine Bitcoin’s outcome in July and the next few months in…

The Bitcoin price suffered significant bearish pressure over the past week, dragging down alongside it a large portion of the general crypto market. The premier cryptocurrency tumbled as low as $59,500 at some point in the week — its lowest in nearly two months. While investors will be hoping that the worst is over, it is difficult to determine whether BTC is ready to resume its bullish run. In any case, a prominent crypto intelligence firm has identified a price…