Bitcoin

Having suffered a downward trend since early June, the Bitcoin price looks to be breaking out of its channel. Could this be the start of a new trend, or is this going to be yet another fakeout? An end to the bull market? The bitcoin price has been dogged with some quite difficult headwinds for the last few weeks. Among these have been long term holders taking profits, miners selling in order to remain profitable after the halving, and Wall…

Today, the American software and business intelligence firm MicroStrategy recently announced its substantial acquisition of Bitcoin (BTC). Between April 27 and June 19, 2024, the company bought 11,931 BTC at $65,883 per Bitcoin, totaling $786 million. This move shows MicroStrategy’s ongoing commitment to Bitcoin. MicroStrategy’s Aggressive Bitcoin Strategy: Latest Purchase and Future Plans In a recent 8-K Securities and Exchange Commission (SEC) filing, MicroStrategy stated that it used proceeds from a private offering of convertible senior notes and excess cash…

The post Bitcoin Craving for Volatility While Ethereum Preparing for a Massive Move! Here’s What’s Next for BTC & ETH prices appeared first on Coinpedia Fintech News The crypto markets are coping with the recent losses as the major tokens, Bitcoin & Ethereum, have been demonstrating some strength. With this, the market dynamics are slowly flipping into a bullish range, and traders now expect major price action in the coming days. However, the liquidity appears to be largely flowing to…

The post Here’s Why Ripple-backed XRP Dominance Will Gain Against Bitcoin (BTC) Ahead appeared first on Coinpedia Fintech News The overall market sentiment for Ripple Labs and XRP has significantly improved in the recent past. The Ripple fundamentals have improved based on the recent motion filed by the United States Securities and Exchange Commission (SEC) to compel the company to pay a fine of around $102 million for settlement purposes.  Additionally, Ripple has initiated several XRPL developments to ensure sustainable…

The post Argentinian President Javier Milei Backs Bitcoin Amid Economic Struggles appeared first on Coinpedia Fintech News Argentinian President Javier Milei has emerged as a strong advocate for the cryptocurrency sector, particularly emphasizing Bitcoin as a potential solution for the country’s economic difficulties. His recent endorsement of X has sparked a heated debate on Bitcoin’s role in shaping Argentina’s economic future. Here is a closer look. A Presidential Push for Bitcoin Since taking office last December, President Javier Milei has…

Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud In the first chart featuring the daily Ichimoku Cloud, Olszewicz highlights a critical moment for Bitcoin as it navigates through this complex indicator. The Ichimoku…

Milei supports using diverse units like Bitcoin, WTI oil, and BTU for business, reflecting his libertarian values. Argentine policy aims to allow market efficiency without government interference, potentially including various global currencies. Argentina’s President Javier Milei has reiterated his commitment to a regime of free currency competition within the country, explicitly endorsing the use of Bitcoin. Speaking via his account on the social media platform X, Milei assured an inquiring user that the use of Bitcoin, among other units of…

The post Altcoin Season Index at 18: Major Coins Face Challenges as Bitcoin Season Emerges appeared first on Coinpedia Fintech News The total market cap of altcoins, excluding Bitcoin and Ethereum, has faced significant resistance, contributing to the recent declines. However, according to several analysts, despite short-term challenges, macro trends suggest that if the market follows a regular structural pattern, altcoins could see  growth moving forward. The Altseason Index and Bitcoin dominance trends are essential tools for understanding market movements.…

The market intelligence platform IntoTheBlock has discussed the bearish situation Bitcoin has been facing that has got many puzzled. Bitcoin Adoption Has Slowed Down To Multi-Year Lows Recently Bitcoin had a great first quarter in 2024, fueled by demand from the spot exchange-traded funds (ETFs) and institutional entities. During this run, the asset surpassed the all-time high (ATH) set back in the previous bull run, breaking a pattern in other cycles where ATHs were only reached after the Halving. With…