Bitcoin

The Bitcoin RSI - or Relative Strength Index - has officially entered the oversold territory for the first time in 10 months.  This comes after today’s Bitcoin price crash which saw the largest cryptocurrency trading close to $60,000.  Investors dumped their BTC holdings after defunct crypto exchange Mt.Gox announced that it would start its Bitcoin repayments in July.  While BTC has faced significant selling pressure over the past month, its RSI hitting oversold levels indicates a strong possibility of a…

Defunct crypto exchange Mt. Gox will start distributing $9 billion in bitcoin ($BTC) and bitcoin cash ($BCH) repayments from the beginning of July 2024. Following the announcement, Bitcoin dropped over 5% and currently trades at $61,043.  Mt. Gox creditors will finally receive some relief after the now-defunct exchange announced it will begin distributing $9 billion in bitcoin ($BTC) and bitcoin cash ($BCH) from the beginning of July. Creditors have waited over ten years to receive funds stolen in a 2014…

Mr. Smith turned a $3,000 Bitcoin investment into millions through strategic sales. His early investment and strategic selling allowed him to quit his job and travel the world. The story of an anonymous investor, Mr. Smith, is quite remarkable. Many in the bitcoin community now find inspiration and optimism in their path through the turbulent yet lucrative world of Bitcoin. This is the story of how a well-considered investment made a Silicon Valley professional a Bitcoin millionaire and allowed him…

Burak, known for his work with the Lightning Network, introduces Brollups, a new Bitcoin layer 2 solution. Brollups aim to enhance Bitcoin’s DeFi capabilities without needing a hard fork or new token. Bitcoin developer Burak, renowned for his exploits with the Lightning Network, has unveiled a groundbreaking layer 2 solution named “Brollups.” This innovation is designed to support over 90% of decentralized finance (DeFi) use cases, such as NFT sales and token trades on decentralized exchanges (DEXs), without requiring a…

The post Mt. Gox to Begin Repaying Creditors in Bitcoin and Bitcoin Cash Next Week appeared first on Coinpedia Fintech News In an important development, the defunct crypto exchange Mt. Gox announced it will begin repaying creditors in Bitcoin and Bitcoin Cash starting next week. This repayment marks a crucial step towards resolving claims from its 2014 collapse. Mt. Gox Repayment Process: An Overview  Mt. Gox will initiate repayment in July 2024, focusing on creditors who have completed the required…

The post Bitcoin Double Top Warning: How Low Could the BTC Price Fall? appeared first on Coinpedia Fintech News The crypto market is currently facing a major selloff, with Bitcoin leading the downturn as its price dropped to $62k, triggering losses across Ethereum and other altcoins. The total market capitalization has plummeted from $2.35 trillion to $2.26 trillion in the last 24 hours, causing investors to lose a staggering $160 billion in net wealth within a week. Bear Conditions and…

Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure.  This shift has seen Bitcoin struggling to maintain higher levels, triggering anxiety among investors and traders. As the bears take control, the $60,000 threshold becomes a focal point, with many watching closely to see if the crypto asset can find support or continue…

Bitcoin’s drop to a new five-week low reignited interest from smart whales who are now on a buying spree. While it is anticipated that BTC will skyrocket after finding a bottom, market experts have chosen Angry Pepe Fork and Shiba Inu as their best cryptos to buy for bigger returns. Smart Whales Are Buying As Bitcoin (BTC) Drops To Five-Week Low The last two weeks have been a bumpy ride for the crypto king, Bitcoin (BTC). The price of Bitcoin…

After a period of hanging on to the $64,000 support, Bitcoin has not only dropped through this, but is currently below the $63,000 support. Will the 0.618 fibonacci level come to the rescue, or is there a further drop to come? A big swing towards Fear Source: https://alternative.me/crypto/fear-and-greed-index/ If there wasn’t a lot of fear in the market over the previous week, the Fear and Greed Index is certainly swinging in that direction now. After a long period where the…