Bitcoin

The post Bitcoin Recover Over Steady US PCE Inflation appeared first on Coinpedia Fintech News The US PCE inflation increased 0.3% in April, in line with market expectations. On a year-over-year basis, the PCE inflation jumped 2.7%. The Bitcoin price however noted a slight recovery, despite the latest inflation data. Following the PCE inflation release, Bitcoin price soared 0.95% to $68,773.23. Notably, The inflation remaining above the Federal Reserve’s 2% target range has dulled the investors’ sentiment so far.

Crypto analyst Pierre has provided insights into why $69,000 is a significant price level for Bitcoin. He suggested the flagship crypto could hit a new all-time high (ATH) if it successfully holds above that range.  A Breakout Above $69,000 Could Lead To A Bitcoin Recovery Pierre mentioned in an X (formerly Twitter) post that Bitcoin must break above $69,000 as it would allow the crypto token to retest a range around the ATH region of $73,000. This could also open…

Bitcoin currently holds over 50% of the market dominance in the cryptocurrency sector and is generally considered less volatile than other cryptocurrencies. Let’s explore which altcoins might perform well in June if Bitcoin surges to its all-time high of $73,000. Bitcoin Nears ATH at $68,000, But Some Altcoins Remain Undervalued After experiencing a correction to $56,000 earlier in May, Bitcoin is closing the month positively and is currently trading at $68,000, approaching its all-time high. Some altcoins have not experienced…

Ethereum co-founder Vitalik Buterin has recently criticized those opposing an increase in Bitcoin’s block size. He bases his arguments on two books that examine the “Bitcoin block size war” from contrasting viewpoints. Jonathan Bier’s The Blocksize War supports small blocks, whereas Roger Ver and Steve Patterson’s Hijacking Bitcoin advocates for larger blocks. Buterin, who has been involved in these debates, leverages these narratives to assess Bitcoin’s technological direction. Why Does Bitcoin Block Size Matter? The debate centers around Bitcoin’s role…

For most investors the question uppermost in their minds must be “How high will Bitcoin go?” This is the hardest money asset on the planet, so surely a few multiples of the current price should be in order before Bitcoin falls into its customary year-long bear market? Current Bitcoin price action is par for the course As things currently stand, holding Bitcoin cannot be much fun. If you are an investor who jumped onto the Bitcoin bandwagon when the king…

CryptoQuant CEO Ki Young-Ju today pointed out significant similarities in Bitcoin’s market behavior between the current state and mid-2020, a period marked by stagnant prices but high on-chain activity. Young-Ju’s insights were illustrated with two key charts and shared via a post on X, drawing parallels that suggest a robust undercurrent of large volume transactions, potentially outside the public exchange networks. The first chart, representing data up until 2020, shows Bitcoin’s price alongside the realized cap for new whales –…

Trump and Musk may collaborate on crypto policy if Trump is re-elected. Trump’s campaign now accepts cryptocurrency donations, signaling strong support for blockchain technology. In line with recent updates on Donald Trump’s 2024 campaign, it has been announced that cryptocurrency donations are now accepted, indicating strong support for blockchain technology. This move marks a significant shift from the previous administration’s approach, suggesting a potential change in U.S. crypto policy, as noted in a recent Crypto News Flash post. According to…

The post Bitcoin Finds A New Consolidation Phase: Here’s What to Expect from BTC Price Rally In H2 2024 appeared first on Coinpedia Fintech News The bear market had squeezed profits by over 80% in 2022 but the hopes of a bullish rebound prevailed. As a result, they witnessed a decent recovery phase in 2023, which has intensified since the beginning of 2024. After reaching a particular point, the Bitcoin price seems to be facing a barrier due to the…

In an extraordinary turn of events, two hackers have successfully cracked the long-forgotten password of a digital wallet, leading to the recovery of approximately $2 million worth of Bitcoin (BTC).  Lost Bitcoin Fortune Unlocked As reported by Wired, the story began in 2013 when an individual known by the alias “Michael” securely stored his Bitcoin holdings in a password-protected digital wallet. Unfortunately, over time, he lost access to the wallet due to a corrupted file containing the 20-character password generated…