Bitcoin

Amid the ongoing crypto market rally, the third richest man in Mexico, Ricardo Salinas, has urged followers to buy Bitcoin to hedge against inflation. The billionaire made the remark in a post on X that discussed inflation as a hidden tax on fiat money. Meanwhile, as the bull market draws closer,  analysts look into the top crypto coins with bullish sentiment. Among the tokens that experts have high hopes for are Angry Pepe Fork, XRP, Cardano, Polygon and Notcoin. With…

Ethereum (ETH), Dogecoin (DOGE), and even Bitcoin (BTC) are experiencing significant price declines, mirroring a broader market correction. While some analysts remain optimistic about Bitcoin's long-term potential, predicting a rise to $300,000, the current market climate has many re-evaluating their investment strategies. This has led some analysts to explore safer alternatives, with ETFSwap (ETFS) emerging as the safest bet.  ETFSwap (ETFS) Emerges As A Potential Alternative During Market Downturn The emergence of ETFSwap (ETFS) during this state of a broader market…

Australia is gearing up for a significant development in the crypto market. The VanEck Bitcoin ETF will start trading on the Australian Securities Exchange (ASX) on June 20. Australia’s primary stock market has listed an exchange-traded fund (ETF) that invests directly in Bitcoin for the first time. Bitcoin Struggles Despite Australian ETF Developments The ASX, which handles the majority of equity trading in Australia, has confirmed that VanEck is currently the only applicant to have received approval. However, discussions are…

Presidential candidate Maya Parbhoe proposes adopting Bitcoin as legal tender in Suriname, inspired by El Salvador’s 2021 move. Parbhoe praises El Salvador’s President Nayib Bukele for standing up to global powers and prioritizing national interests with Bitcoin. In a recent development from Surinam, presidential candidate Maya Parbhoe has proposed the adoption of Bitcoin as legal tender, echoing a move made by El Salvador in 2021. This bold proposal comes amid Surinam’s ongoing economic challenges, including high public spending and rampant…

Mt.Gox is in a bid to repay its creditors about $9.4 billion, placing a selloff strain on Bitcoin (BTC). While a selloff is imminent, the impact might be cushioned by other key network trends. Bitcoin (BTC), the world’s leading cryptocurrency has come under intense scrutiny as Mt.Gox commences a $9.4 billion repayment to investors. According to reports, 137,890 BTC coins were moved out of wallets belonging to Mt.Gox to creditors. Mt.Gox Bitcoin Repayment Plan Raises Concerns The movement of the…

Ethereum Classic (ETC) and Bitcoin Cash (BCH) have both seen a decline in value which has subsequently resulted in a dip within their market cap. As a result, many traders have already begun to diversify their holdings, looking for additional ways through which they can amplify the profit potential of their portfolio. Rollblock (RBLK) is a presale-stage project which is set to break records in 2024 due to its unique revenue-share model. Today, we will jump into the project and…

The post Will Bitcoin (BTC) Price Drop More This Week? Here’s What To Expect appeared first on Coinpedia Fintech News Last week, major cryptocurrencies were on a rollercoaster ride as a wave of news sent shockwaves through the market. Investors are scrambling to make sense of it all from the early week’s U.S. CPI and PPI data, negative inflow in spot ETFs, and Bitcoin miner capitulation. One key question is on everyone’s mind: has Bitcoin begun a prolonged correction, or…

The post Critical Bitcoin indicator suggests ‘shift in sentiment’; Is it finally time for altcoins to shine? appeared first on Coinpedia Fintech News Analyst Eric Krown Crypto recently said that he is expecting possible upward trends in some altcoins due to technical indicators and market sentiment changes. The analyst also said to keep an eye on weaker altcoins that might struggle to keep going up. He said that today’s topic is all about altcoins—what they’re currently up to and when…

As Bitcoin enters a pivotal week, market participants are closely monitoring several key indicators and events that could determine its near-term trajectory. Renowned crypto analyst Ted (@tedtalksmacro) has provided an in-depth analysis, highlighting the critical factors at play. Weekly Bitcoin Preview Ted’s analysis begins by contextualizing the broader macroeconomic environment. Last week’s US Consumer Price Index (CPI) and Producer Price Index (PPI) data were optimistic for risk assets, highlighting a continued disinflationary trend. “Both CPI and PPI data were optimistic…