Bitcoin

Tyler Winklevoss donates $1 million in bitcoin to Donald Trump’s campaign. He criticizes the Biden Administration’s stance against cryptocurrency. Tyler Winklevoss announced a $1 million bitcoin donation to Donald Trump’s campaign, endorsing him for the upcoming election. He criticizes the Biden Administration for its aggressive stance against the cryptocurrency industry, claiming it misuses government power to stifle innovation for political gains. In a recent YouTube video, Winklevoss accuses the administration of “weaponizing” financial and regulatory agencies to harass crypto companies…

The post Who’s Behind the Massive Bitcoin Sell-off? Market Mystery Revealed appeared first on Coinpedia Fintech News The cryptocurrency market has been rocked with high pessimism amid heightened fear of further bearish sentiments over the weekend. Bitcoin (BTC) price dropped around 3 percent in the last 24 hours to hover around $63,900 on Friday during the London session.  The cryptocurrency market mimicked major stock indexes in Asia and Europe that were in red, despite the notable rise in global liquidity…

Bitcoin languishes at the important $64,000 support. With the dollar still making hay as rates stay high, how will Bitcoin attract the liquidity to be able to break out of its current range bound prison? US dollar trending higher The US dollar has been trending higher since July 2023. A 5% interest rate, arrived at in the fastest amount of time in US economic history, has recently been putting the dampers on Bitcoin and the crypto market. Of course, there…

Tyler and Cameron Winklevoss, the co-founders of Gemini, have donated $1 million in Bitcoin each to support former President Donald Trump’s reelection campaign.  The Gemini co-founders stated that they sided with Donald Trump and donated to his campaign because of the Biden administration’s hawkish stance on crypto.  Winklevoss Twins Make Big Donation  Both Tyler and Cameron Winklevoss announced the news of the donation on their respective X handles. The Gemini founders donated 30.94 BTC, worth $2 million, to put an…

MicroStrategy’s latest acquisition increases its Bitcoin holdings to 226,331 BTC. The purchase of 11,931 bitcoins for $786 million signifies a strategic financial move. According to the United States Securities and Exchange Commission (SEC) Form 8-K filed by MicroStrategy Incorporated, the company completed a private offering of convertible senior notes on June 18, 2024. This offering, featuring a 2.25% coupon and a conversion premium of approximately 35% over the U.S. composite volume-weighted average price of MicroStrategy’s Class A common stock, was…

The post Bitcoin Slips Below $65,000: Here is Only When the BTC Price May Recover! appeared first on Coinpedia Fintech News The markets are heading towards the end of the first half of the year and hence, significant volatility is expected. With the latest price action, the bears have demonstrated huge dominance as the Bitcoin price slipped below the major support. On the other hand, the traders and institutions do not appear to be optimistic, while the whales are preparing…

Bitcoin keeps catching the attention of investors and analysts with its price changes and big moves. Recently trading at $65,715, Bitcoin’s small increase of nearly a percent in the last 24 hours has sparked some cautious optimism among crypto fans around the world. This newfound confidence is boosted by big whale activity and positive long-term predictions from top analysts. Big Investor Buys $395M Worth of Bitcoin A well-known crypto whale has made headlines by buying 6,070 BTC, worth about $395…

Bitcoin price failed to climb above the $66,500 resistance. BTC is again moving lower and might decline below the $64,600 support zone. Bitcoin started a fresh decline from the $66,500 resistance level. The price is trading below $65,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $65,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a…

The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to go before the crash is over, prediction another 20% decline from here. Bitcoin Falls Below Major Pricing Band Crypto analyst Ali Martinez posted a new…