Bitcoin

Tether has launched a new gold-backed stablecoin, aUSDT, on its Alloy platform, allowing users to mint the synthetic dollar through over-collateralization. Tether’s aUSDT facilitates transactions without selling gold-backed assets and is part of a broader trend of synthetic dollars, following similar launches by Galoy and Ethena Labs. In a massive move, the world’s largest stablecoin issuer Tether unveiled its gold-backed stablecoin pegged to the synthetic dollar. This new synthetic dollar has been created on Tether’s new platform Alloy and it…

As Bitcoin dips below the $65,000 mark, currently trading at $64,886, the cryptocurrency market is witnessing a heightened sense of urgency among traders. This recent downturn reflects a broader trend observed over the past week, with Bitcoin shedding approximately 2.4% of its value. The last 24 hours alone saw a further decline of 1%, signaling growing market nervousness. Should You Panic? Analysts from the blockchain analytics platform Santiment highlight the ongoing decline phase as a steepest three-day decline in active…

Bitcoin recently dropped below the critical support level between $67,000 and $68,000, having failed to break above the $70,000 price level successfully. Based on crypto analyst Josh’s analysis, the flagship crypto needs to climb above this critical support level soon enough or risk flipping into a bearish trend.  Bitcoin Needs To Climb Above $68,000 Josh mentioned in a video on his YouTube channel that Bitcoin needs to achieve a confirmed breakout above $68,000 to flip bullish again and possibly experience…

Bitcoin, the undisputed king of cryptocurrencies, finds itself in a tug-of-war between bullish whispers and bearish roars. While some analysts point to technical indicators hinting at a price surge, others warn of potential pitfalls lurking beneath the surface. Bulls See Bullish Flags And Futures Technical analysts are a curious breed. They speak in a language of charts, patterns, and indicators, deciphering the cryptic movements of the market. One such indicator, the bullish flag pattern, has some analysts, like Gert van…

Top Crypto whales who massively profited from their $60 million sale of Bitcoin (BTC) at its $69,000 price top in the 2021 bull cycle have returned with their large profits, making notable investments and touting popular Ethereum token ETFSwap (ETFS), to be the next big thing in the industry. Ethereum Token ETFSwap (ETFS) Is The Next Big Altcoin Gem ETFSwap (ETFS), a decentralized platform and viral Ethereum token, is making the rounds and headlines of the industry as top crypto…

Analyst Willy Woo attributes Bitcoin’s recent bearish momentum to selling pressure from long-term holders (LTHs), as evidenced by spikes in the Coin Days Destroyed (CDD) metric. The prevalence of “paper Bitcoin”—derivative products that don’t require owning actual BTC—is also contributing to the downturn. Bitcoin has been struggling despite the influx of spot exchange-traded fund (ETF) purchases. Analyst Willy Woo recently explained why BTC has been experiencing bearish momentum in a new thread on X. Woo attributes the downturn to selling…

The post Top 3 Reasons Why Bitcoin is Down Today appeared first on Coinpedia Fintech News It’s not been an easy couple of days for crypto bulls. Bitcoin has recently faced a significant decline, with its price currently at $65,113 and a 24-hour trading volume of $169.865 million. Let’s explore the key factors contributing to this downturn in the cryptocurrency market. Key Factors Contributing to The Downturn of Bitcoin  As per the opinion of an expert named IT tech published…

The post Bitcoin Price Prediction: Historic Trends Indicate Links Between Bear Markets and Halving; Will It Be $50K or $100K for King Coin? appeared first on Coinpedia Fintech News Analyst Josh of Crypto World has explained his long-term bitcoin price predictions for the current crypto bull cycle, covering several critical points. He discussed the current stage of the cycle, important signals to identify the bull market top, and where we might see the bull market peak.  Starting with the monthly…

Crypto funds witnessed outflows last week after recording five weeks of consecutive inflows. According to CoinShares data, digital asset funds saw $600 million in net outflows for the week ending June 14. The outflows were concentrated in Bitcoin and Solana funds, which saw $621 million and $0.2 million exits, respectively. These outflows come amidst a corresponding drop in the price of Bitcoin throughout the week and a more hawkish-than-expected Federal Open Market Committee (FOMC) meeting held during the week. Crypto…