Bitcoin

Spot Bitcoin ETFs have been experiencing unexpected outflows, reaching over $544 million in just one week. These consistent outflows have raised concerns about the underlying causes and the potential duration of the worrying trend. As a result, numerous investors are shifting their attention to more tangible ETF options, investing in ETFSwap (ETFS) to gain access to tokenized institutional ETFs through cryptocurrencies.  ETFSwap (ETFS) Gains Traction Amid Waning Demand For Spot Bitcoin ETFs ETFSwap (ETFS) has been gaining a significant amount…

BlackRock introduces the first Bitcoin ETF, iShares Bitcoin Trust, now trading on the Santiago Stock Exchange. The ETF is managed by BCI Securities Brokerage, offering institutional access to cryptocurrency investments in Chile. BlackRock has introduced the first Bitcoin ETF in Chile, named iShares Bitcoin Trust (IBIT), which commenced trading on the Santiago Stock Exchange on June 27. This financial instrument provides Chilean investors with institutional access to Bitcoin investments. BlackRock’s iShares Bitcoin Trust (IBIT) is listed on the Santiago Stock…

The post Bitcoin Price Prediction: No Confirmation Of Bullish Reversal, Major Crash To $56k On Cards appeared first on Coinpedia Fintech News Analyst Josh of Crypto World took to his latest analysis and revealed that Bitcoin is still showing a short-term bearish signal, repeating its past price movements. He said that over the last day, nothing major has changed. Examining the daily Bitcoin chart, he saw that the DXY (U.S. Dollar Index) is trending upwards, forming higher lows and highs,…

May 2024 emerges as a pivotal month for Bitcoin, witnessing a notable amount of liquidation by long-term holders. Blockchain analytics firm IntoTheBlock highlighted a sell-off totaling roughly $10 billion, equivalent to approximately 160,000 BTC. This trend marked a significant departure from the usual holding patterns seen among long-term investors, who typically help stabilize Bitcoin prices by holding through volatility. Bitcoin Stability at Risk? Notably, these long-term Bitcoin holders, also known as the stalwarts of the Bitcoin community, have traditionally served…

A crypto expert has predicted a bullish price reversal for Bitcoin, the world’s largest cryptocurrency. The analyst suggested that Bitcoin’s price may have bottomed in, potentially signaling the start of market stabilization after a prolonged downturn. Bitcoin Price Reversal On The Horizon Crypto expert and Bitcoin analyst, Willy Woo has taken to X (formerly Twitter) to shed light on Bitcoin’s current price performance and its future outlook as market conditions stabilize. The analyst disclosed that there may be a good…

Bitcoin is at a crossroads after getting rejected at $62,000. Unsurprisingly, this has led to clashing sentiment in the market, with the bulls and bears engaged in an intense tug of war. But while bulls remains vocal, the bears have come out of the woodwork, leading to speculations that the price might actually be going much lower. Bitcoin To Succumb To Bearish Pressure Despite the 15% crash that has already rocked the Bitcoin price, crypto analyst DonAlt does not believe…

Bitcoin has witnessed an uptick following the Trump v. Biden debate, which saw odds favor Trump for the presidential seat. Trump has received support from the crypto community after revealing that he will ensure that the U.S. leads in crypto innovation. Following the widely watched presidential debate that pitted former president Donald Trump and current president Joe Biden against each other, the crypto market has witnessed an uptick. Though the 90-minute debate did not touch on cryptocurrencies, it has seen…

Top market analyst Willy Woo has projected an uptrend might be in view for Bitcoin. Despite the chart trend from the TD9 indicator, Woo advocates trader caution. In an optimistic sentiment for Bitcoin (BTC), popular on-chain analyst Willy Woo suggests the leading cryptocurrency might have already seen the worst of its recent downturn. In a recent update on the social media platform X, Woo highlighted short-term technical indicators that suggest a potential reversal in BTC’s price movement. Willy Woo Highlights…

Despite a drop in transaction fees in the past week, Bitcoin still suffers from a high number of unconfirmed transactions, stretching back to October 2023 and limiting the network’s impact. The backlog showcases the need for the Bitcoin community to develop scaling solutions while also throwing into question whether BTC can keep up with growing demand. As Bitcoin adoption has increased in recent years, the top network has been unable to keep up with the demand, resulting in a growing…