Bitcoin

The Bitcoin price performance over the past week failed to bring glory to the crypto market, as the leading cryptocurrency struggled once again. This trend was mirrored across almost all large-cap assets, many of which experienced significant losses. Unfortunately, recent price action data suggests that the Bitcoin price is not safe yet, as there is potential for further downside over the coming days. Is $60,000 The Next Stop? In a new report, blockchain intelligence firm CryptoQuant put forward an interesting…

UK-based Standard Chartered is officially establishing a spot Bitcoin and Spot Ethereum trading desk. The London-based desk will soon begin operations and be part of the bank’s FX trading unit.  The announcement makes Standard Chartered one of the first global banks to enter the spot cryptocurrency trading space.  Spot Bitcoin, Ethereum Trading Desk The new crypto trading desk will be used to purchase and sell Bitcoin (BTC) and Ethereum (ETH) directly. With the new trading desk, Standard Chartered has become…

The post Bitcoin Price Struggling at $64,000: Here’s Why it Could be a ‘Do-or-Die’ Weekend for the BTC Price appeared first on Coinpedia Fintech News After losing the $65,000 support, the Bitcoin price is now utilising all its strength to hold the $64,000 support. The selling pressure over the token has intensified, which has compelled the price to pierce through the lower support. While the weekend trade approaches, a greater possibility of massive price action can be expected. As the…

The post BTC Gets $80,000 Price Tag From Binance CEO; Spot Bitcoin ETFs To Drive Rally appeared first on Coinpedia Fintech News Binance Chief Executive Officer (CEO), Richard Teng, has given BTC an $80,000 price tag, underscoring the token’s significant growth potential driven by Spot Bitcoin ETFs. Amidst this bullish prediction, ETFSwap (ETFS), an innovative crypto and ETF trading platform, has been projected to soar 108X amid the rising demand for Spot Bitcoin ETFs. Investors Flock To ETFSwap (ETFS) Presale…

Analysts at global asset management firm Bernstein have revised their former Bitcoin target to $200,000, foreseeing the influx of Spot Bitcoin ETFs inflows catalyzing this massive price surge.  Bernstein Analysts Raise Bitcoin Target To $200,000 In a note to clients, Bernstein analysts, Gautam Chhugani and Mahika Sapra predicted that Bitcoin could reach $200,000 by the end of 2025. This new price target comes after analysts foresaw BTC hitting $150,000 earlier in May. At the time, the analysts disclosed that they…

Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain demand zone. Demand zones refer to price ranges where many investors last bought their coins. These ranges can be determined through on-chain analysis, as the…

Bitcoin is experiencing a significant decline today, dipping below the $64,000 mark to a low of $63,564. This drop represents a 2.5% decrease in the last 24 hours and an overall 12% decline over the past two weeks. Amidst this downward trend, Arthur Hayes, the co-founder of BitMEX, is not only maintaining his bullish stance on Bitcoin but actively encouraging investment, advocating a strategy to ‘buy the dip.’ His optimism and advice are deeply rooted in an analysis of global…

MicroStrategy has further solidified its position as the largest corporate holder of Bitcoin by acquiring 11,931 BTC for $786 million, bringing its total holdings to 226,331 BTC valued at nearly $15 billion. Acquisition Details MicroStrategy, the largest corporate holder of Bitcoin (BTC), has acquired an additional 11,931 BTC for $786 million. The purchase was confirmed through a press release on Thursday morning and detailed in a United States Securities and Exchange Commission (SEC) Form 8-K filing. This acquisition brings the…

The SEC has received an application for a combined Bitcoin and Spot Ethereum ETFs, providing some new dynamics to Spot Ethereum ETFs' anticipation. With Spot Ethereum ETFs coming, the new ETF application from Hashdex is the first combined ETF application and could pose some positive market reaction. Meanwhile, ETFSwap (ETFS) has emerged as a new market player amid the bullish narrative on crypto ETFs and is looking to claim massive market share. Early investors have piled on the presale to…