Bitcoin

The price of Bitcoin appears to have returned to a choppy market condition, quashing any hopes of a breakout to new highs soon. However, the good news is that the current bull cycle may still not be over, even though it is taking a while for the premier cryptocurrency to resume its upward momentum. Specifically, the latest on-chain observation shows that Bitcoin has been going through a “euphoria wave” over the past few months. Here’s the implication of this phase…

On June 1, President Nayib Bukele began his second term at the National Palace in San Salvador, riding on a popularity that has strengthened his power and influence in El Salvador. In his speech, the 42-year-old president vowed to take decisive action to address the Central American nation’s economic challenges. This pledge follows his earlier success in tackling gang violence during his first term. How El Salvador’s Economy Will Scale With Bitcoin Many Salvadorans are optimistic that he will fulfill…

Despite the lengthy sell-off period Bitcoin is experiencing, Analysts are optimistic about a rebound. Beyond the uncertain price action, Bitcoin is now a subject in US political leadership consideration. Renowned crypto trader and investor Daan Crypto Trades says Bitcoin (BTC) must break above the $69,000 resistance level before reaching a new all-time high. The trader’s comments come amidst a recent drop in BTC’s price, fueling discussions in the crypto community. Bitcoin’s Fight at $69K Resistance Daan Crypto Trades acknowledged in…

In May, Ethereum (ETH) outperformed Bitcoin due to enthusiasm around the approval of the Ethereum spot ETF. Market analysts highlight whether this outperformance will continue. The SEC’s recent approval of key changes to spot Ether ETF rules has boosted Ethereum’s share price, but analysts expect demand for these ETFs to be modest compared to Bitcoin. During May, the world’s second largest cryptocurrency, Ethereum (ETH), dominated over its top rival, Bitcoin. Thanks to the enthusiasm of the cryptocurrency community for the…

A crypto analyst has highlighted the Chainlink remarkable resilience amidst market volatility, predicting that the cryptocurrency is getting ready to witness a 300% surge against Bitcoin, the world’s largest cryptocurrency.  Chainlink Poised For 300% Increase Against Bitcoin Chainlink, a decentralized blockchain oracle network has been gaining traction recently, bolstered by the innovative developments within its ecosystem. Popular crypto analyst, Michael van de Poppe has expressed optimism about Chainlink’s native token, LINK, predicting a major bull rally for the cryptocurrency. Sharing…

Following the failure to break above the $72,983 resistance level, the price of Bitcoin has continued to drop. Although Bitcoin’s price is still trading above the 1-day Simple Moving Average (SMA), this rejection has led to the crypto asset dropping from $71,942 to $66,785 and moving below the SMA both in the 1-hour and the 4-hour chart. This drop below the SMA could trigger a change of character and the price will go bearish.  As of the time of writing…

The post Massive Crypto Whale Moves Billion From Bitcoin (BTC) Into These Ethereum Tokens appeared first on Coinpedia Fintech News The crypto market is experiencing renewed momentum, fueled by a resurgence in Bitcoin whale activity. Recent data reveals an increase in Bitcoin trading activity by large investors, signalling a potential shift in market sentiment. This renewed interest isn’t limited to Bitcoin. Ethereum tokens are also witnessing increased crypto whale activity, with a notable case being a large transfer of Bitcoin…

Crypto analyst ShardiB recently revealed that Bitcoin has entered ‘chop season.’ This is significant as it could be a while before the flagship crypto finally archives that breakout, which will send it to new all-time highs (ATHs).  How The Chop Season Will Affect Bitcoin’s Price While revealing that Bitcoin was about to enter the chop season, Shardi B hinted that the season would be filled with more sideways movement for the flagship crypto. The analyst made reference to the fact…

Investor confidence appears to be on the rise in the crypto market lately, and Bitcoin has been a major beneficiary of this positive trend. Consequently, there has been a continuous accumulation of BTC amongst large-scale investors despite its somewhat frustrating price action. The premier cryptocurrency’s price may have ended May beneath the psychological $70,000 mark, despite having touched the level a couple of times in the last two weeks of the month. The latest on-chain data suggests that the faith…