Bitcoin

The post Metaplanet Expands Bitcoin Holdings: 1 Billion Yen Investment in Bitcoin Amid Yen Volatility appeared first on Coinpedia Fintech News Japan’s financial landscape is facing challenges, prompting Metaplanet, a publicly traded company, to turn to Bitcoin. Metaplanet’s board has approved a significant investment of 1 billion yen (approximately USD 6.26 million) in Bitcoin, funded by proceeds from its second issuance of ordinary bonds, which carry an annual interest rate of 0.5% and mature in June 2025. Motivation Behind the…

The post Strike CEO Predicts $1 Million Bitcoin If History Repeats appeared first on Coinpedia Fintech News In a recent conversation with analyst Scott Melker, Jack Mallers, the CEO and founder of Strike, a global Bitcoin app, explained why he is a Bitcoin maximalist.  Scott asked him about the recurring cycles and drawdowns in Bitcoin prices, noting that people often get emotional and sell at the bottom, contributing to these patterns.  Melker suggested that we might be entering the next…

The post Altcoin Market Might Crash 30-40% If Bitcoin Price Drops Below $60K This Week appeared first on Coinpedia Fintech News The total cryptocurrency market cap dropped 3 percent in the past 24 hours to hover around $2.4 trillion on Monday during the early Asian session. The market turned bearish over the weekend as Bitcoin’s (BTC) price continued its recent downward trend.  The flagship coin closed last week around $63k, a major support/resistance level that has increased the fear of…

The post BTC Price Slumps Below $63,000: Why Bitcoin Price is Falling Today? appeared first on Coinpedia Fintech News Bitcoin price is plunging hard! Altcoins are bleeding! The entire crypto market cap was slashed by nearly 2%, suggesting a bearish trade is in play. Moreover, the ETF’s outflows have exceeded the inflow count and the rising altcoin dominance can be considered as a major reason behind the decline. However, the BTC price was speculated to reach $60,000 in the coming…

Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance level. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move…

Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,385 and $3,350…

As the 2024 US presidential election draws near, cryptocurrency has emerged as a surprising yet powerful topic. The political discussion around cryptocurrency is intensifying. Candidates from various parties are considering its broader implications. Why Politicians Are Trying to Woo Bitcoin Investors Swan Bitcoin’s Chief Investment Officer, Raphael Zagury, observed a significant shift in how politicians discuss Bitcoin, marking a departure from earlier skepticism. “It started with senators talking about Bitcoin. Then we had more people talking about it. And now…

Bitcoin’s (BTC) price had rallied above $70,000 early this month amid a 19 consecutive inflow streak for the exchange-traded funds (ETFs). However, this rally has stalled, with the price now moving downwards. This could potentially lead to a second negative monthly close this year. Miners Divest $2 Billion Worth of Bitcoin Market analysts attribute this sluggish performance to significant selling by Bitcoin miners and recent outflows from spot ETFs. Matthew Sigel, head of digital research at Bitcoin ETF issuer VanEck,…

Once viewed as a speculative experiment, Bitcoin has matured into a secure and trusted digital asset. Here’s a closer look at why the risk associated with BTC has reached an all-time low. Why Bitcoin Risk Has Never Been Lower Proven Technical Robustness Early doubts about Bitcoin’s technical foundations have been dispelled. Satoshi Nakamoto’s engineering decisions have proven effective, including the one-megabyte block size and ten-minute block frequency. The network has mined over 846,448 blocks without a critical hack, showcasing its…