Bitcoin

After the significant Mt. Gox Statement, Bitcoin has declined to $59K following a few months of bullish momentum. At the same time Cosmos continues to hold up well, though the profit-bearing potential for Cosmos (ATOM remains ambiguous and uncertain.  A uncertainty looms over the crypto market RBLK continues to trend and grow within the space with analysts arguing that the potential for the new asset is essentially limitless. Here’s why. Bitcoin’s Future Uncertain Due To Mt. Gox Verdict  The effect…

The post Massive Crypto Options Expiry on June 28th Set to Shake Bitcoin and Ethereum Markets appeared first on Coinpedia Fintech News In two days, significant Bitcoin and Ethereum options are set to expire on Deribit, a leading crypto derivatives exchange. This event, involving billions of dollars, could trigger substantial market volatility, creating a crucial moment for cryptocurrency investors. Read on to get more insights about the event! Bitcoin Options Expiry: An Overview  On June 28, Bitcoin options with a…

Crypto expert Duncan (@FloodCapital) recently expressed a strong conviction that Bitcoin has reached its market bottom and is poised for new all-time highs. His analysis, shared on X (formerly Twitter), provides a detailed examination of the current market dynamics and underlying fundamentals that signal a bullish turn for Bitcoin and potentially other cryptocurrencies. Is The Bitcoin Bottom In? In his in-depth analysis, Duncan pointed out that the crypto market has been underperforming relative to equities over the past few weeks.…

Bitcoin, the undisputed king of cryptocurrencies, faces a challenge as it approaches a critical moment. After a stellar run in the first half of 2024, breaking past the crucial $71,000 barrier, the digital gold has retreated, currently hovering around the crucial $61,000 support zone. This recent dip has sparked a debate amongst analysts, with some clinging to bullish long-term outlooks and others cautioning of potential headwinds. Rainbow Whispers: A Golden Buying Opportunity Or Fool’s Gold? One factor keeping some bulls…

Bitcoin recently faced a significant rejection at the $62,498 resistance level, underscoring the prevailing bearish dominance in the market. This failure to break through a critical threshold highlights the strength of selling pressure and raises concerns about potential downward trends.  The rejection at this key level signals caution among traders and investors, prompting a reassessment of market strategies. As bearish momentum persists, this analysis explores the possible outcomes for Bitcoin’s price movement and the broader implications for the cryptocurrency market.…

The post The U.S. Spot Bitcoin ETF Records A Positive Net Inflow After Outflow Streak! appeared first on Coinpedia Fintech News Reportedly, the U.S. spot BitcoinETF recorded an inflow of $31 Million on Tuesday after experiencing an outflow from the 11 Bitcoin funds for seven consecutive days. Notably, Fidelity’s FBTC led the net inflow with 49 Million, followed by Bitwise’s BITB with $15 Million of inflows and VanEck’s HODL saw an inflow of $4 Million. However, Grayscale’s GBTC saw a…

The post Crypto Market Crash: These Altcoins Are Outperforming Bitcoin appeared first on Coinpedia Fintech News On Crypto Banter’s The Sniper Trading Show, the analyst opened up about the short-term outlook for Bitcoin. He said that the coin may aim for the $62,000 to $63,000 range, and any break above $62,000 could push it towards $65,000.  Closing above these levels this week would be a strong sign. However, there’s also a chance Bitcoin might retest its recent lows, potentially dropping…

The post After a Brief Bloodbath, Traders Turn Optimistic About the Bitcoin Price Rally: Can It Make It to $65,000? appeared first on Coinpedia Fintech News The market participants appear to have become bullish on the next price action, as the buying pressure has piled up to some extent. The institutions have resumed accumulating BTC, and the possibility of a reversal emerges. However, this upswing is feared to be short-lived, as the markets need to witness one of the major…

Spot Bitcoin ETFs have entered another disturbing trend, recording outflows for one week straight. These outflows have coincided with the decline in the Bitcoin price, suggesting that the sell-offs may be directly linked to institutional sell-offs, as well as miner sell-offs. The funds have now completed seven consecutive days of outflows, so this report takes a look at what happened the last time that the outflows were this high. Spot Bitcoin ETFs Lose Money For 7 Straight Days According to…