Bitcoin

The post Lark Davis’s Bitcoin and Ethereum Price Prediction: Altcoins Rally with Record ETF Inflows appeared first on Coinpedia Fintech News The altcoin market is on fire! Fueled by a surge in value and a decline in Bitcoin dominance, altcoins are experiencing a red-hot rally. The total market cap of altcoins has skyrocketed 15% in just two weeks, reaching a staggering $1.156 trillion. But what’s driving this insane surge? Let’s find out.  Bitcoin ETFs Drive Market Growth In a historic…

The world’s largest cryptocurrency, Bitcoin (BTC), has been consolidating over the past week, trading between $67,000 and $70,000 after experiencing a brief 20% price correction that sent it as low as $56,400 in early May.  This consolidation period comes as inflows into the US spot Bitcoin ETF market have reignited, and selling pressure appears to have cooled off, both in the ETF market and among Bitcoin investors more broadly. Bitcoin Selling Pressure Fades According to Julio Moreno, head of research…

As Bitcoin navigates through a period of consolidation, the asset’s price movements are being monitored for optimal entry points. Michaël van de Poppe, a renowned crypto analyst, has recently shared valuable insights into Bitcoin’s current market status and potential for future movement. According to van de Poppe, Bitcoin aims to stabilize within a particular price level, hinting at a possibly extended consolidation phase that could offer a clearer picture for strategic market entries. Strategic Buying Opportunities For Bitcoin Van de…

Bitcoin price climbed higher above the $70,000 level. BTC is now holding gains above support and might aim for another increase in the near term. Bitcoin extended its increase above the $70,000 zone. The price is trading above $69,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $69,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there…

The defunct crypto exchange Mt. Gox has initiated a transaction involving over 75,000 Bitcoin (BTC), valued at approximately $5 billion. This marks the first movement of these funds in more than five years, causing ripples across crypto markets. The recent developments regarding Mt. Gox have attracted considerable attention, not just because of the magnitude of the funds involved but also due to potential impacts on crypto markets. Will Mt. Gox Creditors Continue Holding Bitcoin? According to Arkham Intelligence, A wallet…

The post Bitcoin (BTC) Price Crawls Back to $70,000 Range? Will it Make It Above $74,000? appeared first on Coinpedia Fintech News After the recent upswing from $58,000 to $71,000, the Bitcoin bulls were heavily drained, resulting in a plunge below $67,000. The surge was fueled by multiple reasons, which were expected to elevate the rally towards a new ATH. But as it happened after the spot BTC ETF launch, the markets tumbled down following the launch of the spot…

Bitcoin exchange-traded funds (ETFs) have reached a significant milestone. They now hold over 1 million BTC, representing nearly 5% of Bitcoin’s total supply. Grayscale and BlackRock, with their substantial BTC assets, are leading this sector, highlighting the growing institutional interest in cryptocurrency investments. Bitcoin ETFs Hold Over 1 Million BTC As of May 23, ETF holdings totaled 1,057,039 BTC. Grayscale’s GBTC leads with over 291,000 BTC, followed closely by BlackRock’s IBIT with 279,500 BTC. Recent data from Arkham Intelligence shows…

Altcoin Daily has identified 19 cryptocurrencies, including BTC, ETH, and XRP, as top assets likely to surge this bull season. The crypto market is optimistic following the U.S. House of Representatives passing a major crypto regulatory bill. Altcoin Daily, a prominent crypto YouTube channel, has highlighted the top 19 crypto assets poised to skyrocket this bull season, including BTC, ETH, and XRP. The broader crypto community is bullish due to a series of positive events in the market over the…

Venezuelan authorities raided two Bitcoin mining farms, seizing approximately 6,288 rigs in Portuguesa and Cojedes states. Operations included police and military, dismantling infrastructure and seizing essential equipment like cooling fans and mining machines. In Venezuela, authorities recently raided two Bitcoin mining farms located in the central states of Portuguesa and Cojedes, resulting in the seizure of approximately 6,288 mining rigs. These actions are part of an ongoing effort by the government to disconnect mining operations from the National Electrical System…