Bitcoin

While uncertainty surrounds the direction of Bitcoin and Ethereum prices, fundamental factors such as ETFs, halving events, macro conditions, etc. provide confidence for bullish trends ahead. Technical indicators like the Supertrend, moving average crossovers, and the Aroon indicator suggest that both BTC and ETH are currently in bullish trends. The two largest cryptocurrencies. – Bitcoin and Ethereum – have been hovering in a very tight range while the rest of the altcoins have been showing strong momentum. Numerous traders and…

Bitcoin Hardware Store in El Zonte sells Bitaxe mini ASICs to promote decentralized Bitcoin mining in El Salvador. Bitaxe Supra, with a hash rate of 750 GH/s and 18 watts power usage, costs about $5 monthly. In El Salvador, the Bitcoin Hardware Store, located in El Zonte—also known as Bitcoin Beach—has begun selling Bitaxe’s miniature mining devices. These mini ASICs aim to promote decentralized Bitcoin mining within the Central American country. This initiative was announced by the store, which specializes…

On-chain data shows Bitcoin could have significant support between $66,900 and $68,900, which may help provide solid ground for a fresh surge to higher levels. A Large Amount Of Investors Bought Their Bitcoin Between $66,900 & $68,900 According to data from the market intelligence platform IntoTheBlock, BTC is currently floating above a major demand zone. In on-chain analysis, the strength of any support or resistance level is based on how much “demand” was present at it. Below is a chart…

Despite the Bitcoin decline below the $70,000 price mark, a crypto analyst still maintains an optimistic outlook for the pioneer cryptocurrency, predicting that the price of Bitcoin could reach its top soon.  Analyst Says Bitcoin’s Top Is $150,000 On June 2, crypto analyst, Peter Brandt released a blog post predicting Bitcoin’s top in the current bull cycle. According to Brandt, the price of Bitcoin is expected to witness an exponential surge between the range of $130,000 to $150,000. Brandt foresees…

Recent data shows that the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges has dropped significantly. This means the largest crypto tokens by market cap could be well-primed for significant moves to the upside, with a supply squeeze imminent.  Supply Of Bitcoin And Ethereum Drop To New Lows BTC ECHO analyst Leon Waidmann shared Glassnode data, which showed that exchange balances for Bitcoin and Ethereum are at their lowest in years. Bitcoin’s supply on exchanges has dropped to 11.6%,…

The post Billionaire Bitcoin Investor Michael Saylor Settles $40 Million Tax Fraud Lawsuit appeared first on Coinpedia Fintech News Billionaire bitcoin investor Michael Saylor and his company, MicroStrategy, have settled a tax fraud lawsuit brought by the Washington, D.C., attorney general. The lawsuit alleged that Saylor evaded over $25 million in District of Columbia income taxes by falsely claiming residency in lower-tax states like Florida and Virginia.  Now, after months of legal proceedings, Saylor and MicroStrategy have agreed to pay…

An analyst has explained how Bitcoin will “likely rise to test” the $79,600 level if BTC can hold above this important level of a pricing model. Next Bitcoin MVRV Pricing Band Is Currently Valued At $79,600 In a new post on X, analyst Ali Martinez has talked about where BTC’s next destination could be based on an on-chain pricing model. The model uses the popular “Market Value to Realized Value” (MVRV) indicator. This metric tells us how the value that…

Crypto analyst Tara has highlighted a bullish pattern that recently formed on the Bitcoin chart. She also revealed how high the flagship crypto could rise on its next leg up. Furthermore, her analysis suggested that Bitcoin may be about to enter the parabolic phase of this market cycle.  “Major Impulse” Move On The Horizon For Bitcoin Tara mentioned in an X (formerly Twitter) post that she believes that Bitcoin is about to make a major impulse move that will send…

The recently approved Ethereum ETFs are soon going to be listed for trading which is likely to spur up the markets even more. As such, top market expert Lark Davis has set a bigger price target for ETH, suggesting that the leading altcoin will outperform Bitcoin in the next leg of this bull run. Meanwhile, other market experts have identified top altcoins that are set to yield bigger gains. The analyst pseudonymously known as Bluntz has said that Floki is…