Bitcoin

Bitcoin price recovered above the $62,000 resistance zone. BTC must clear the $62,500 resistance zone to continue higher in the near term. Bitcoin started a recovery wave above the $61,500 and $62,000 levels. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to rise above the $62,500 and…

Nubank, a prominent Brazilian neobank, recently announced the integration of Bitcoin’s layer-2 (L2) Lightning Network. This initiative aims to enhance transaction speed, reduce costs, and improve scalability for its users. Nubank Partners with Lightspark to Enhance User Experience through Lightning Network The move is part of a strategic partnership with Lightspark, a company renowned for its blockchain solutions. Integrating with Lightspark’s tools will optimize transaction success rates and liquidity requirements. This provides Nubank with powerful tools to enhance end-to-end transaction…

Bitcoin (BTC) faced a sharp price drop as the last week of Q2 began. The dramatic decline saw the flagship cryptocurrency momentarily lose its support above the $60,000 level on Monday. The drop left many investors wondering whether the bullish rally is over. However, crypto analysts remain optimistic about BTC’s performance and consider the drag down to be part of the quarterly retest. Is Bitcoin Headed For A ‘Chop Summer’? On Tuesday, crypto analyst Jelle made a case for Bitcoin’s…

The crypto market is experiencing increased volatility, resulting in severe price drops. Today's on-chain analysis revealed that a German Government-labelled crypto wallet sold 900 Bitcoin, leading to concerns that $BTC may drop below its key $60,000 mark. A German government crypto wallet moved another 900 Bitcoin ($BTC) in three individual transactions today. The transactions have sparked fears that $BTC may drop below its critical $60,000 level.  Millions in Seized Bitcoin Sent to Major Exchanges A wallet connected to the German…

US Congressman Matt Gaetz has proposed a bill to make federal income tax payable using Bitcoin. The bill’s passing will be a significant development for crypto adoption, but it will also have ramifications for Bitcoin investors. Matt Gaetz Proposes Bitcoin for Federal Income Taxes Florida Rep. Matt Gaetz wants the Internal Revenue Code of 1986 amended so that Federal income tax becomes payable in Bitcoin. The bill calls for the Treasury to allow any tax imposed on a taxpayer to be…

The post US Congressman Matt Gaetz Proposes Bill to Accept Bitcoin for Federal Tax Payments appeared first on Coinpedia Fintech News Congressman Matt Gaetz, a Republican from Florida, has proposed a bill that would enable federal income tax payments in Bitcoin. Initially reported by the Daily Wire, this legislation seeks to modify the Internal Revenue Code of 1986 by directing the Secretary of the Treasury to develop a strategy for adding Bitcoin into tax payment options. Bitcoin’s Demand Grows Amid…

The post Bitcoin to $100K: Identifying Whether the Bottom Is In And Analyzing Explosive Moves appeared first on Coinpedia Fintech News Bitcoin quickly dropped by 10%, causing widespread fear. Many investors are now severely impacted, with numerous facing significant losses and liquidations. Anthony Pompliano went on Squawk Box and opened about the situation.  He gave a simple explanation and said, “People are seeing these really explosive moves at the beginning of the year, and then also Q4 tends to be…

The post Bitcoin Price Analysis: Will It Drop Below $50k? appeared first on Coinpedia Fintech News Bitcoin’s recent drop in price has taken it back to levels we last saw after the April halving, sitting around $58,560. This decline has sparked new talks among analysts and investors about what’s next for the top cryptocurrency. Currently bitcoin is struggling to break higher resistance levels, and some experts are noticing a pattern called a “double-top,” indicating a potential drop to $50,000. Bitcoin…

The post Bitcoin Price Drops To Its Multi-month Low, Ethereum Price Stuck Around $3.3K Mark! appeared first on Coinpedia Fintech News The cryptocurrency market continues to display a bearish price action with the market leader, Bitcoin price hovering close to its $60,000 mark with a 24-hour low of $58,601.70. Reportedly, the BTC coin has recorded a correction of 5.54% within the past seven days. On the other hand, the altcoin leader, Ethereum price, has failed to surpass its $3.4K level…