Bitcoin

Bitcoin's recent performance took a hit following the Fed's announcement on interest rates. With the 2024 bull run in motion, opportunities for short-term gains lie elsewhere. This article explores three promising altcoins poised for potential profits while Bitcoin cools down. CYBRO Presale: A One-in-a-Million DeFi Investment Opportunity CYBRO is capturing the attention of crypto whales with its exclusive token presale. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition. Experts predict a potential…

The post Robert Kiyosaki Urges Investors to Buy Bitcoin Despite High Prices appeared first on Coinpedia Fintech News Robert Kiyosaki, author of “Rich Dad Poor Dad,” recently expressed frustration on X about people hesitating to buy Bitcoin because of its high price. He stressed that although BTC is expensive now, it will likely increase further. He repeated his rich dad’s investment advice: “Your profit is made when you buy, not when you sell.” Therefore, he encouraged his followers to invest…

The post El Salvador Plans New Private Banks for Bitcoin Investors appeared first on Coinpedia Fintech News El Salvador’s President Nayib Bukele has proposed the creation of private investment banks to empower Bitcoin investors, helping them avoid the restrictions of traditional banks. This initiative, detailed further by Ambassador Milena Mayorga, aims to offer a wide range of financial services in both dollars and Bitcoin. Additionally, the proposed Bank for Private Investment (BPI) is expected to face fewer regulatory constraints and…

The cryptocurrency market has been experiencing a significant downturn, with Bitcoin leading the way by retracing to the $65,000 mark after failing to retest its all-time high of $73,700 reached in March.  Market expert Michael van de Poppe has shed light on the reasons behind this ongoing bloodbath, highlighting several key factors that have contributed to the current state of the market. Crypto Market Battles Uncertainties A key event highlighted by van de Poppe is last Wednesday’s release of the…

Data shows that traders on social media have been calling to buy during the latest Bitcoin dip below $66,000, a sign that FOMO is active in the market. Bitcoin Investors Are Displaying FOMO After The Recent Decline As the analytics firm Santiment pointed out in a new post on X, the recent drawdown in the cryptocurrency has instigated the second-largest spike of buying interest in social media users in the past two months. The indicator of interest here is the…

According to the latest report by QCP Capital, options data reveals a plunge in trading volatility, particularly for Bitcoin, meaning cryptocurrency traders could be in for a tamer summer. The research firm, which is well known for spotting new market trends, points out that the data patterns in the charts suggest that we are likely to have a more shallow trading period for now. This comes as the market is still recovering from recent highs and lows, consigning traders in…

Renowned trader Peter Brandt recently provided insights on the Bitcoin price potential market movements, projecting a challenging period followed by a significant rally. This analysis comes as Bitcoin’s current trading behavior exhibits signs that might concern short-term investors. Bitcoin’s Precarious Path: Potential Drop and Subsequent Rally Brandt’s analysis indicates that if Bitcoin breaks the $65,000 threshold, it could trigger a further drop to around $60,000, potentially dipping as low as $48,000. So far, Bitcoin has struggled to sustain momentum above…

Kraken’s strategic acquisition of CF Benchmarks in 2019 has proven immensely lucrative in a market increasingly embracing spot Bitcoin ETFs. As the world’s largest crypto indices provider, CF Benchmarks plays a crucial role as an authorized benchmarks administrator in the Bitcoin ETFs market. This position has enabled Kraken to capitalize on the increasing demand for Bitcoin ETFs, translating into millions in licensing fees. Kraken Thrives In The Advent of Bitcoin Spot ETFs Cryptocurrency trading platform Kraken is generating millions in…

The post MicroStrategy Doubles Down on Bitcoin with $700 Million Convertible Note Offering appeared first on Coinpedia Fintech News MicroStrategy has announced a major financial move: the pricing of its $700 million offering of 2.25% convertible senior notes due 2032. This strategy aims to strengthen the company’s finances and attract institutional investors. Read on to see how this offering will impact MicroStrategy’s future and its plans for the proceeds. Details of the Convertible Senior Notes  Originally planned at $500 million,…