Bitcoin

The post Bitcoin Plunges Ahead of FOMC & CPI, While PEPE & BONK Demonstrate Extreme Strength: Here’s What to Expect! appeared first on Coinpedia Fintech News The markets are undergoing a drastic shift as the major tokens are facing extreme upper pressure as the selling volume escalates. The Bitcoin price has slumped below $68,000, while the Ethereum price is approaching $3500. In the meantime, the memecoins are gearing up and trying to flip the bearish narrative while BTC & ETH…

In a market dominated by optimism surrounding the price spikes of Bitcoin (BTC) and Ethereum (ETH), the non-fungible token (NFT) market has seen a decline in popularity. NFTs, which include digital artwork and collectibles recorded on blockchains, have recently experienced a notable loss of appeal.  According to a Bloomberg report, Google searches for NFTs have reached their lowest levels since 2021, when these tokens first gained mainstream attention. Popular NFT Collections Experience Steep Price Declines A significant drop in sales…

Bitcoin price extended losses below $67,500 support zone. BTC tested the $66,000 support zone and is now attempting a recovery wave. Bitcoin started another decline below the $68,500 support zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $68,650 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 $68,500…

Vice President Félix Ulloa reveals El Salvador’s plan to phase out the dollar for greater economic independence. Bukele’s government considers bitcoin as a tool to achieve financial autonomy, distancing from traditional fiat currencies. El Salvador’s Vice President Félix Ulloa, in a recent interview with Russian media outlet RT, disclosed plans for economic reforms that could significantly reshape the nation’s financial landscape. During his visit to the International Economic Forum in Saint Petersburg, Ulloa revealed President Nayib Bukele’s intention to move…

Crypto analyst Dippy has laid a bullish narrative for the Bitcoin future trajectory, suggesting that the flagship crypto could soon hit a new all-time high (ATH). This comes despite Bitcoin’s recent drop below $68,000.   Bitcoin Could Experience A Massive Pump Above $73,000 Dippy suggested in an X (formerly Twitter) post that Bitcoin could enjoy a price pump once it reaches the liquidity zone around $73,000. He noted that many short traders have their stop losses or liquidation levels around that…

Bitcoin has observed a plunge during the past day, taking the asset’s price under $67,000. Here’s the historical support level that the asset could visit next. Bitcoin Is Now Not Far From The Short-Term Holder Realized Price As analyst James Van Straten pointed out in a post on X, the Realized Price of the Bitcoin Short-Term Holders has been going up recently and currently sits around the $64,000 level. The “Realized Price” here refers to an on-chain metric that keeps…

Bitcoin has recently been spotlighted due to an intriguing buy signal identified on its hourly chart. This indication emerges amidst a notable fluctuation in Bitcoin’s price, setting the stage for potential short-term gains. Renowned crypto analyst Ali has highlighted a significant development on the hourly chart of Bitcoin, specifically noting a ‘buy signal’ detected by the TD Sequential indicator. This technical tool, developed by Tom DeMark, is respected for its ability to predict price reversals by analyzing exhaustion points in…

StarkWare, the entity behind Starknet, has announced that its plan to expand its scaling technology to the Bitcoin network will not result in Starknet being forked or the creation of a new token.  StarkWare also clarified that its primary focus remains on scaling Ethereum through validity rollups and ZK Proofs, despite its recent efforts to bring scalability solutions to the Bitcoin ecosystem.  Plans For The Bitcoin Network StarkWare, Starknet’s parent entity, is generally associated with scaling Ethereum through its Starknet…

A Bitcoin wallet that has been numb for years has resurfaced, moving 8,000 BTC, worth about $535.64 million, after almost six years of latency. The wallet, dating back to mid-2018, transferred the holdings to multiple addresses, including a Binance deposit, when BTC crashed. Dormant Bitcoin Wallet From 2018 Moves $535 Million On June 11, during the early hours of the US session, a dormant wallet moved its first transaction after 5.5 years of inactivity. The wallet address transferred 8,000 BTC from Coinbase…