Bitcoin

The post Robert Kiyosaki Plans to Buy More Bitcoin Despite Recent Price Drop appeared first on Coinpedia Fintech News Robert Kiyosaki shared on X about his bullish prediction of Bitcoin, and that he’d increase his holdings in spite of its recent declines in price. BTC has undergone a significant drop of more than 15% over the last week, resulting in mixed reaction within the community. The author of “Rich Dad, Poor Dad”, Kiyosaki, believes in buying during market dips, which…

The post Analyst Predicts Less Severe Impact From Mt. Gox Bitcoin Payout appeared first on Coinpedia Fintech News Alex Thorn, Galaxy’s Head of Research believes that the forthcoming distribution of more than 140,000 BTC from the defunct Mt Gox exchange will have a less severe impact than expected. The selling will mostly come from individual creditors, who are receiving less than half of the total 140,000 Bitcoin. According to Thorn, creditors are significantly skewed towards long-term Bitcoiners who would want…

Bitcoin is languishing above $60,000 after visiting $58,500 yesterday. With the $BTC chart looking quite bearish now, is the king of the cryptocurrencies about to plummet all the way down to support at $51,000? Negative sentiment Negative sentiment is flooding the cryptocurrency market. In the space of just one week the Fear and Greed Index has swung from extreme greed (74) to fear (30). On top of all its other headwinds, the Bitcoin price took a blow to the solar…

The market saw a dramatic Bitcoin price drop over the past two days, plunging from a high of $64,500 on Sunday to a low of $58,474. Yesterday’s steep decline followed an unexpected announcement from the trustee of the defunct Mt. Gox exchange, revealing plans to commence BTC and BCH payouts in early July—a move that has sent shockwaves through the market. This news raises urgent questions about the immediate future of Bitcoin’s price trajectory. Amidst this market turmoil, several prominent cryptocurrency…

Former President Donald Trump is in talks to speak at the Bitcoin 2024 convention in Nashville, signaling a significant shift in his stance on cryptocurrency as he seeks to attract votes in the upcoming election. Trump Favoring Crypto in Re-election Two sources familiar with the situation have confirmed negotiations that Trump could address the public at the upcoming Bitcoin 2024 convention. If successful, this would mark a significant moment in the intersection of cryptocurrency and politics. This decision signifies a…

The state enacts HB 488 to safeguard Bitcoin rights and ban Central Bank Digital Currencies (CBDCs). The new law is designed to attract investment and foster economic growth through Bitcoin mining. According to today’s Forbes update, Louisiana has enacted a bill to protect Bitcoin (BTC) and ban Central Bank Digital Currencies (CBDCs). Governor Jeff Landry signed House Bill 488 into law, with bipartisan support from Representative Mark Wright and Senator Jean-Paul Coussan. This legislation ensures access to Bitcoin while restricting…

The once-sizzling crypto market continues to sputter, with Bitcoin, the undisputed king of the digital realm, leading the retreat. After a euphoric climb that saw it breach the $73,000 level earlier this year, Bitcoin has shed its royal cloak, plummeting to new lows and dragging the entire crypto ecosystem into a period of frosty uncertainty. Exodus From The Empire: Investors Pull Billions The past weeks have been marked by a mass exodus from Bitcoin. Investors, spooked by the prolonged price…

An analyst has pointed out how an indicator is forming a signal for Bitcoin that has proven to be quite bullish for the asset during the past two years. Bitcoin Daily RSI Has Dipped Into The Oversold Territory In a new post on X, analyst Ali Martinez has discussed the latest trend forming in the Relative Strength Index (RSI) for Bitcoin. The RSI is a popular technical analysis indicator that keeps track of the speed and magnitude of recent changes…

Bitcoin price gained bearish momentum and traded below $60,000. BTC is signaling a short-term downtrend and might face hurdles near $62,000. Bitcoin started a fresh decline from the $62,550 resistance level. The price is trading below $61,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above the…