Bitcoin

The cryptocurrency market is currently experiencing significant turbulence, prompting a shift in investor behavior towards Bitcoin, which has traditionally been seen as the safest asset within the digital currency ecosystem. This shift has resulted in Bitcoin’s dominance climbing to a nine-week high of 57%. Amidst the market chaos, Bitcoin has emerged as a beacon of relative stability, while altcoins are bearing the brunt of the sell-off. In times of market uncertainty, investors often gravitate towards what they perceive as safer…

Lugano, Switzerland, June 18th, 2024, Chainwire Debifi, one of the leading non-custodial Bitcoin-backed lending platform, has announced a dynamic growth roadmap during BTCPrague, widely recognized as Europe’s premier Bitcoin event, carries substantial weight. The association with such a reputable gathering further underscores the credibility of Debifi's growth roadmap and their dedication to revolutionizing the lending industry. The roadmap includes the significant addition of fiat payments for their Bitcoin-backed loans, marking a major milestone in the company's expansion plans. As a…

James Check, a top on-chain analyst has predicted that Bitcoin (BTC) will be rallying above $100k soon. While Check believes BTC has a 30% chance of trading as high as $250k this bull cycle, analysts have picked top meme coins, Shiba Inu (SHIB) and Angry Pepe Fork (APORK), to record even bigger gains this year. Bitcoin (BTC) To $100K Will Happen Soon In a new interview on the Blue Collar Bitcoin YouTube channel, James Check said that the price of…

In recent weeks, significant movements and sell pressure have rocked Bitcoin.  Long-term holders, early miners, and ETF managers have sold billions in BTC, raising concerns about the cryptocurrency’s short-term stability. Bitcoin Selling Pressure Accelerates Bitcoin long-term holders sold $1.2 billion in the past two weeks. This substantial sell-off has added pressure on the market.  According to Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, this amount of capital in sell-side liquidity must be absorbed through over-the-counter transactions. Otherwise, brokers…

Today, a wallet labeled as “German Government (BKA)” by Arkham, a crypto on-chain analytics firm, initiated substantial Bitcoin (BTC) transactions. These activities have sparked widespread curiosity within the crypto community. The crypto community speculates that the German government might liquidate some of its BTC assets. German Government Sends 1,000 Bitcoin (BTC) to Centralized Crypto Exchanges The Bitcoin wallet transferred approximately 6,500 BTC, with a staggering value exceeding $425.49 million. Previously, the German government’s Bitcoin wallet maintained a balance close to…

The post Bitcoin Trader Warns of Devastating Crypto Cash In 10 Days, but This Ethereum Token Will Stay Afloat appeared first on Coinpedia Fintech News Bitcoin (BTC) exerts significant influence on the rest of the crypto market, and its current bearish slump is taking its toll on top altcoins. The general sentiment on Bitcoin is undecided, but smart money traders are already bearish. The general greed counters their bearish sentiments to buy the dip in BTC from other investors. Bitcoin…

Bitcoin current position at the $64,515 support level has sparked significant interest among traders and analysts. This key threshold is seen as a critical juncture that could dictate the cryptocurrency’s near-term trajectory. On the one hand, bullish proponents argue that robust fundamentals and renewed investor interest could propel Bitcoin higher. On the other hand, bearish sentiment driven by macroeconomic pressures and regulatory uncertainties suggests a potential crash.  With a market capitalization of more than $1.2 trillion and a trading volume of more…

Tuesday saw another nervous day for holders of Bitcoin as the price fell all the way back to good support at $64,000. However, strong buying kicked in from this level and now $BTC is looking to get back above the $65,500 support again. Could this be a local bottom? Is this dump over? These last couple of weeks of negative price action have taken the $BTC price down around 9%, and even as much as 11% if the Tuesday wick…

The post Binance CEO Sets Bitcoin Price Target Above $80,000 by Year’s End; Explains Why appeared first on Coinpedia Fintech News The Federal Reserve’s hawkish stance last week during the FOMC lowered institutional investors’ confidence, leading to major market outflows across all crypto Exchange Traded Products (ETPs). Last week alone, these outflows amounted to about $600 million. Reflecting on these developments, it’s evident that we’re in a different phase now and this could be influencing Bitcoin’s recent decline to around…