Bitcoin

As June unfolds, Bitcoin, altcoins, and traditional financial markets enter the usual summer trading lull.  Historically, Q3 has seen significantly lower trading volumes, with Bitcoin trading volumes dropping over 40% compared to the highest-volume quarter. The Bitcoin Summer Lull Will End in a Bullish Breakout According to blockchain research firm Kaiko, in Q3 2023, BTC-USD volumes hit a multi-year low of $44 billion despite the anticipation surrounding BlackRock’s spot Bitcoin exchange-traded fund (ETF) filing. Tightening regulations and the recent fallout…

Memecoins are the hottest trend in the crypto world, capturing the imagination of investors. From the rise of Pepe and Shiba Inu to the ecosystem of Solana meme coins like DogWifHat, these tokens are capturing the market. Amidst this buzz, a new early memecoin has emerged—BitDoge. BitDoge: Doge Meets Bitcoin Blockchain The legendary Doge meme is about to evolve. BitDoge is here, combining the iconic fun of Doge with the stability and security of the Bitcoin blockchain. This new project…

The winds of change are blowing in the Bitcoin market, bringing a fresh wave of short-term traders while veteran holders remain steadfast in their convictions. A recent report by Bitfinex Alpha reveals a fascinating dichotomy in investor behavior, with new players chasing quick profits and seasoned hodlers (hold on for dear life) accumulating for the long haul. Short-Term Surge Fueled By ETF Frenzy Spot Bitcoin ETFs, financial instruments that mirror Bitcoin’s price, have emerged as a game-changer. These easily accessible…

According to an analysis shared by renowned crypto analyst Gert van Lagen, the Bitcoin price chart has illustrated a significant technical pattern in the 3-day chart (BTC/USD) that could potentially signal an upsurge to as high as $300,000. Known as the “Cup with Handle,” this pattern is celebrated among traders for its predictive reliability and bullish implications. Unpacking The Massive Bitcoin Cup And Handle Pattern The Cup with Handle is a bullish continuation pattern that resembles a teacup on a…

Republican presidential candidate Donald Trump has said that he wants all remaining Bitcoin to be mined in the US, adding that such a move would help the country become energy-dominant. During his meeting with several Bitcoin miners, Trump stated that Bitcoin mining could be the “last line of defense” against a CBDC (Central Bank Digital Currency). Trump Throws Weight Behind Bitcoin Mining The cryptocurrency industry is increasingly trying to woo US politicians as it continues to face scrutiny from regulators…

This brings decentralized finance (DeFi) capabilities to Bitcoin, allowing users to stake, borrow, lend and supply liquidity for additional yield.  Native Bitcoin Layer 2 blockchain Merlin Chain announced its support for Bitcoin, allowing holders of the world’s most valuable cryptocurrency to start enjoying DeFi capabilities. The platform aims to unleash BTC’s potential, allowing holders to stake, borrow, lend, provide liquidity and bridge their assets in a seamless and low-cost way.  Merlin Chain integrates the ZK-Rollup network, decentralized oracle networks, and…

Itau Unibanco, Brazil’s largest bank, now offers Bitcoin trading to all customers. The bank’s assets under management total BRL 2.069 trillion, emphasizing its market leadership. Following the latest insights on Brazil’s Bitcoin tax rules by CNF, Itau Unibanco has made a significant expansion in its financial services. The bank has introduced cryptocurrency trading to all customers through its in-house investment platform, Ion. Previously, these services were restricted to a selected group of users. This move by Brazil’s financial giant showcases…

The post Traders Stack Bitcoin: $91,539 Target Left Untouched & Unchanged for BTC Price Rally! appeared first on Coinpedia Fintech News The markets do not appear to have overcome the recent pullback as the selling pressure continues to mount in the crypto space. The Bitcoin price is trying hard to sustain above $67,000, as a drop below these regions may alert the bears. In the meantime, the whales and the traders appear to have been utilising this golden opportunity, as…

Bitcoin price started a strong increase above $68,500. BTC even tested $70,000, but post-fed there was a major bearish reaction. Bitcoin started another decline from the $70,000 resistance zone. The price is trading below $68,550 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $67,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could recover but the upsides might be limited above the $68,550 level.…