Bitcoin

Monochrome Asset Management is set to make history with the launch of Australia’s first spot Bitcoin (BTC) exchange-traded fund (ETF) that holds Bitcoin directly. The Monochrome Bitcoin ETF (IBTC) will begin trading on the Cboe Australia exchange on Tuesday, June 4, 2024, at 10:00 AEST (00:00 UTC). This marks a significant milestone for the Australian crypto market. It also offers investors a regulated and transparent way to gain direct exposure to Bitcoin. Direct Bitcoin Holdings: Monochrome’s ETF Debut The introduction…

The post Bitcoin Shows Signs of Breaking Out, Chart Analyst Predicts $74.4k Target Soon appeared first on Coinpedia Fintech News As June begins on a positive note, Bitcoin is showing robust strength, with early gains bringing key resistance levels into play. Bitcoin’s price has risen by 2.3% in the past 24 hours, currently trading at $68,980. Its market cap has surpassed the $1.35 trillion mark. Meanwhile, analyzing the ongoing price trajectory, renowned crypto analyst Ali Martinez suggests that Bitcoin is…

Crypto analyst TechDev (@TechDev_52) recently shared a detailed chart analysis suggesting that Bitcoin might be on the cusp of its most significant breakout to date. This analysis, backed by historical patterns and technical indicators, points to a potential shift in the market that could lead to unprecedented price levels for Bitcoin. The chart provided by TechDev illustrates Bitcoin’s price action in USD alongside its price relative to the M1 money supply (BTC/M1). Historically, Bitcoin has exhibited distinct phases of parabolic…

Bitcoin sneaked back above $69,000 on Monday’s early trading, but can $BTC break out, or is this just another wiggle inside the trading range bitcoin has been in for the last 12 weeks? Liquidity With all the sideways and slightly downwards chop and change in the $BTC price, it is probably difficult for most new retail investors to gather the fortitude to hold on to their position. That said, there are relatively few retail investors in the crypto market currently.…

The Bitcoin (BTC) price has consistently traded within the $67,000 and $68,000 range for several days. In this analysis, BeInCrypto aims to understand the price action of Bitcoin. Additionally, we have observed a decline in volatility, which can be attributed to various factors. To provide a comprehensive analysis, we’ll explore who is buying and selling Bitcoin. Examining Bitcoin Activity and Vaulting Rates The chart below illustrates the activity rate and vaulting rate of Bitcoin over time, along with its price…

Bitcoin price extended losses and declined below the $67,200 level. BTC found support near $66,650 and now consolidating in a range. Bitcoin spiked below $67,000 but the bulls are still in action. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance at $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $68,400…

A well-known trading veteran, Peter L. Brandt, recently shared a bold forecast for Bitcoin. According to Brandt, Bitcoin could surge to $150,000 by September 2025. This prediction stems from historical patterns observed in Bitcoin’s market cycles, specifically related to its “halving” events. Bitcoin’s Halving Events: A Symmetrical Cycle In his latest analysis, titled “The Beautiful Symmetry of Past Bitcoin Bull Market Cycles,” Brandt emphasizes the crucial role of Bitcoin’s halving dates. These events, where mining rewards are halved, have historically…

The post Positive News For Bitcoin As ETNs Hit The LSE While These Top Coins Dominate Investor Portfolios appeared first on Coinpedia Fintech News With the upcoming Bitcoin ETNs trading on the London Stock Exchange, enthusiasts anticipate a positive momentum for Bitcoin. Meanwhile, Ethereum, Cardano, Stellar, and the meme coin KangaMoon are dominating investor portfolios amid their positive price increases. Let us look into more detail. KangaMoon (KANG): One Of The Promising Meme Coins To Watch Due to the recent…

Owing to the price of the new meme coin KangaMoon rising to $0.025 per token amid the supply of 1 billion KANG tokens, the KangaMoon market cap has reached the $25 million mark. Meanwhile, traders of both Bitcoin and Ethereum, the top 2 cryptocurrencies, continue to increase. Let us find out more. One Of The Best Meme Coins To Buy Is KangaMoon With the current market recovery, KangaMoon (KANG) has seen its price soar to a new high of $0.025…