Bitcoin

The new bank will operate under less restrictive conditions, removing typical banking prohibitions and loan restrictions. With a required capital of $50 million, the bank aims to attract significant foreign investment and stakeholders. El Salvador, under the leadership of President Nayib Bukele, is considering the establishment of a Bank for Private Investment (BPI), a move aimed at enhancing the country’s financial infrastructure for both traditional and digital currencies. This initiative, highlighted by Salvadoran Ambassador to the United States, Milena Mayorga,…

Saudi Arabia will sell oil in local currencies, moving away from the US dollar after 50 years. The decision could drive Bitcoin and XRP prices to new highs, impacting global financial markets.  In a recent announcement, Saudi Arabia said it would cease using the US dollar for oil transactions, ending a 50-year contract with the United States. This expiration could pave the way for Saudi Arabia to start selling its oil in currencies other than the US dollar, including those…

The post Bullish HTX Buy Signal Flashes Green: Bitcoin Price Set to Surge? appeared first on Coinpedia Fintech News The Taker Buy Sell Ratio for Bitcoin on HTX Global has skyrocketed to an astonishing 545, signaling a potential upward price movement. This surge in buy pressure reflects a strong bullish sentiment, suggesting Bitcoin could soon see a significant price increase. Here’s what you should know. Understanding the Taker Buy Sell Ratio The Taker Buy Sell Ratio is a crucial metric…

The post Crypto Market Crash: How Low Can Bitcoin and Altcoins Drop? appeared first on Coinpedia Fintech News With a 1% drop last night, Bitcoin price struggles to hold above the $66,000 level and the bearish influence over the altcoins increases. Amidst the increasing supply pressure, the crypto market crash intensifies putting additional pressure on the support zones. Currently, the total market cap of the crypto world excluding Bitcoin taken a dip close to $1 Trillion. This indicates a downfall…

Former President Trump has expressed strong support for Bitcoin, capturing attention in the crypto market during the 2024 bull run. Interestingly, beyond Bitcoin, he also shows a keen interest in a few notable memecoins. These playful yet popular digital currencies are making headlines and sparking curiosity among investors. The article dives into which ones have caught his eye and what this means for their future. CYBRO Presale: A One-in-a-Million Next GEN DeFi Investment Opportunity CYBRO is capturing the attention of…

The cryptocurrency market has experienced significant turbulence recently, raising questions about the longevity of the current bull market in Bitcoin and altcoins. Analysts and industry insiders offer varied perspectives on the future of Bitcoin and altcoins, reflecting on market trends, macroeconomic factors, and investor behavior. Analysts’ Predictions on Bitcoin, Altcoins Bitcoin investor Murad Mahmudov highlighted two possible scenarios for Bitcoin’s future. He suggested that if the price remains above $60,000, the bull market might continue following the typical four-year cycle.…

Deutsche Telekom announces plans to fully delve into Bitcoin mining. partnership with Polygon positions Deutsche Telekom as a validator on the PoS network. Significantly for the cryptocurrency space, German telecom giant Deutsche Telekom has declared its intention to go all in on Bitcoin mining. The Bitcoin community was in Prague for BTC Prague when this disclosure was revealed. In his address, Deutsche Telekom Web3 CEO Dirk Roder revealed the company’s intentions and noted that the business has been operating its…

The post This Week in Crypto: Top News, Bitcoin and Altcoin Volatility, Major Hacks, and DeFi Investments appeared first on Coinpedia Fintech News This week in the crypto market, significant events happened, with the latest one being the Consumer Price Index (CPI) news, which came in softer than anticipated. This development led to extreme volatility in the market, with Bitcoin’s price fluctuating between $65,000 and $70,000. In this report, we will dive into the key news and developments that controlled…

The post Crypto Market Analysis: Bitcoin Price CRASHES to $65k! What Next? appeared first on Coinpedia Fintech News This week, the cryptocurrency market experienced a significant downturn as Bitcoin, the leading digital currency, dropped to its lowest value in four weeks. The week started with optimism due to easing inflation data, but hopes were quickly dashed, especially for Bitcoin. Following Bitcoin’s lead, other major cryptocurrencies like Solana, Avalanche, Cardano, and Near also suffered substantial losses, falling between 15-20%. A Sudden…