Bitcoin

Bitcoin price extended its losses and traded below the $65,000 level. BTC is showing bearish signs and might extend losses below the $64,600 level. Bitcoin remained in a bearish zone and traded below $65,000. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $67,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and even trade…

On-chain data shows Bitcoin is approaching the “Realized Price” of the short-term holders, a retest of which has historically been important for BTC. Bitcoin Is Close To Seeing A Retest Of Short-Term Holder Cost Basis In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed how BTC has recently been near the Realized Price of the short-term holders. The “Realized Price” here refers to an on-chain indicator that, in short, keeps track of the average price…

The Bitcoin market has witnessed significant shifts recently, influenced by macroeconomic factors and changing investor sentiments. Last week, digital asset investment products saw substantial outflows, which CoinShares attributed to several key economic updates. These included the release of US CPI data, the Federal Open Market Committee (FOMC) meeting, and Producer Price Index (PPI) figures. These events seemed to spark a rapid surge in Bitcoin price, pushing it briefly towards the $70,000 mark before a swift downturn adjusted the valuation back…

BlackRock CEO Larry Fink recently addressed the Group of Seven (G7) leaders. He highlighted a significant shift in the global financial system. Fink emphasized the growing role of capital markets as the primary source of private-sector financing. This change signals a pressing need for new strategies to unlock financial potential. Larry Fink: The “Growth Dilemma” In a keynote address, Fink highlighted a pressing “growth dilemma” impacting emerging economies and established economic powers. “The International Monetary Fund and the World Bank…

ALLINVAIN’s journey in the early Bitcoin era highlights the potential and inherent risks of the cryptocurrency market. As an early adopter and significant contributor to Bitcoin’s growth, his experiences reflect the crucial need for security measures. His story remains a reminder of the vulnerabilities that early Bitcoin users faced. Bitcoin Developer Lost 25,000 BTC In the early days of Bitcoin, when the cryptocurrency traded for less than $0.05, a developer known as ALLINVAIN mined and traded Bitcoin. By 2010, he…

Bernstein analysts have raised their Bitcoin price prediction from $150,000 to $200,000 by the end of 2025, driven by increased demand through ETFs and a reduced supply due to Bitcoin halving. Bernstein has also initiated coverage on MicroStrategy, assigning an outperform rating with a $2,890 price target by 2025. Bitcoin is garnering increasing interest from analysts, experts, and investors alike. Bernstein analysts, particularly bullish on this leading cryptocurrency, predict a significant price surge by next year. These optimistic forecasts are…

The post What Spot Ethereum ETFs Could Mean For Bitcoin And The Crypto Market appeared first on Coinpedia Fintech News The introduction of Spot Ethereum ETFs represents a monumental shift for the entire crypto market, heralding a bullish trend for major players like Bitcoin (BTC) and Ethereum (ETH), and especially for innovative DeFi altcoins such as ETFSwap (ETFS).  These ETFs are set to provide unprecedented institutional access to Spot Ethereum ETFs, boosting liquidity and market confidence. For ETFSwap (ETFS), which…

Data suggests the average cost of mining Bitcoin is standing around $86,700 right now. Here’s what history suggests could happen next for BTC. Bitcoin Average Mining Cost Is Currently Notably Higher Than The Price In a new post on X, analyst Ali Martinez has talked about how the average mining cost of BTC is looking like right now. The Bitcoin network runs on a consensus mechanism based on the “proof-of-work” in which validators called the miners compete against each other…

Bitcoin has been on a bumpy ride in recent days. The world’s most popular cryptocurrency has seen its price steadily decline, raising concerns about a prolonged bear market. However, beneath the surface, some analysts are detecting faint bullish whispers that could signal a potential reversal. Buying Pressure Emerges, But Can It Overcome The Downtrend? One glimmer of hope comes from the Bitcoin Taker Buy Sell Ratio, a metric that tracks the balance between buy and sell orders on exchanges. According…