Bitcoin

Bitcoin price is consolidating above the $64,000 level. BTC could try to follow Ethereum and recover if it manages to clear the $65,650 resistance zone. Bitcoin started a minor recovery wave above the $65,000 level. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a recovery wave if it…

As summer unfolds, the cryptocurrency market is showing little upward momentum. Particularly, crypto analyst Ansem has recently projected a steady course for Bitcoin (BTC) and Solana (SOL) in the coming months. This forecast is grounded in a detailed analysis shared on Elon Musk’s social platform X, where Ansem highlighted potential trends and key scenarios that could influence these major cryptocurrencies’ performance. Ansem suggests that Bitcoin and Solana might not make bullish strides before the year’s late third or fourth quarter, but…

Bitcoin’s price has been range-bound, influenced by the cash-and-carry arbitrage strategy. Institutional trading behavior continues to reinforce range-bound expectations. Bitcoin has been oscillating between $56,552 and $73,777 for several weeks, creating a highly volatile trading environment. Traders face the challenge of determining breakout directions within this unpredictable range. Experts recommend waiting for a clear breach of resistance levels before making significant trades. As reported in Coin Market Cap news updates, this situation adds to the complexity of making significant trades.…

Bitcoin (BTC) recently plunged to a one-month low of $64,000, causing concern among bullish investors who now fear impending selling pressure and a potential retest of lower support levels.  Adding to these concerns, it has come to light that a wallet belonging to the German police has moved $425 million worth of BTC to cryptocurrency exchanges, according to on-chain data firms. This development has sparked speculation about the agency’s intentions and potential market impact. Selling Pressure Concerns On Wednesday, crypto…

The post High School Janitor Turns $25 Bitcoin Investment Into Millions: Two Ethereum-Like Altcoins That Can Give The Same Returns appeared first on Coinpedia Fintech News A high school janitor joined the league of crypto millionaires after a $25 Bitcoin (BTC) investment turned into millions. For many who missed Bitcoin (BTC) and Ethereum (ETH) early on, ETFSwap (ETFS) and Pepe (PEPE) are altcoins that can give the same returns. Let’s see the potential of these two Ethereum-like altcoins, ETFSwap (ETFS)…

The post Bitcoin Long-Term Holder Sell $1.2B in Two Weeks as ETF Netflows Turn Negative appeared first on Coinpedia Fintech News Bitcoin’s price has faced considerable selling pressure, plunging to approximately $65,000. Recent data from CryptoQuant revealed that the Bitcoin market has witnessed significant activity, with long-term holder whales offloading $1.2 billion worth of Bitcoin in the past two weeks.  Notably, this massive sell-off aligns with negative netflows observed in Bitcoin ETFs over the same timeframe. Major Sell-Off by Long-Term…

The post 6,500 BTC Moved by German Gov Wallet Raises Bitcoin Sale Concerns appeared first on Coinpedia Fintech News A crypto wallet called “German Government (BKS)” by analytics firm Arkham recently moved 6,500 BTC on June 19, sparking widespread discussions about a potential Bitcoin sale. The wallet, which held 50,000 BTC since February 2024, transferred 6,500 BTC worth $425 million to a new address. The funds were linked to a seizure from the pirated movie platform Movie2k and were partially…

Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem, which he described as following: “Bitcoin is ~10% off of ATHs and the timeline appears to be on the verge of cannibalism.” In a series of detailed posts on X, Kling dissected the complex interplay of macroeconomic factors, ETF flows, and internal market dynamics that are shaping the cryptocurrency markets. Why Is Bitcoin Trading Flat?…

Bitcoin seems to be hitting an air pocket. Over the past two weeks, whales have been shedding their digital assets in large amounts. This exodus, totaling over $1.2 billion according to CryptoQuant, has been a cause for concern for many landlocked investor. Where The Whales Go, The Market May Follow The reasons for this sudden sell-off remain murky, but analysts point to a confluence of factors. One theory suggests a shift in priorities for miners, the brawny machines that secure…