Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bitcoin
Investor Secures Profits as Bitcoin (BTC) Nears Record High, Invests in Ethereum (ETH) Competitor That Soared 2000% in a Day
As Bitcoin (BTC) edges closer to its record high, investors are looking for the next big opportunity in the cryptocurrency market. One such investor has decided to diversify their portfolio by securing profits from Bitcoin and investing in Retik Finance (RETIK), a promising competitor to Ethereum (ETH) that has recently made headlines by soaring 2000% in a single day.Bitcoin has long been the cornerstone of the cryptocurrency market, acting as a digital gold standard for new and experienced investors. With…
1 year ago
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BitcoinKickstarting The Bitcoin Bull Run: Expert Says $70,000 Is The Level To Beat
Crypto expert Michael van de Poppe has outlined an important price level from which Bitcoin must break out. He claims that once it achieves a successful breakout, the flagship crypto will see a new all-time high (ATH). Bitcoin Needs To Break Through $70,000 Van de Poppe mentioned in an X (formerly Twitter) post that Bitcoin needs to break through $70,000 on the lower time frame (LTF) basis. Once that happens, the analyst claimed that Bitcoin will likely see a new…
1 year ago
Bitcoin Aims to Consolidate Within These Levels: Here’s When BTC Price Could Reach Highs
The post Bitcoin Aims to Consolidate Within These Levels: Here’s When BTC Price Could Reach Highs appeared first on Coinpedia Fintech News Ever since the spot Ethereum ETF has been approved, market sentiments have turned slightly bullish and hopeful for upward price action in the coming days. The markets did respond positively but it remained only for a short time frame. However, the fear and greed index has again flipped from being neutral to being greedy, and hence a decent…
1 year ago
Will Bitcoin (BTC) Price Hit A New ATH This Week?
The post Will Bitcoin (BTC) Price Hit A New ATH This Week? appeared first on Coinpedia Fintech News The volatility in the cryptocurrency market is on a constant rise as the buying and selling pressure for cryptocurrencies has experienced a massive surge. Moreover, altcoins have recorded the highest gains over the past week, following the approval of the spot Ethereum ETF, indicating a high possibility of a bull rally. With a potential AlSeason on the horizon, BTC price has started…
1 year ago
Bitcoin (BTC) breakout starts here
Bitcoin should breakout on Monday. The $BTC price is holding just under $69,000, and a break either up or down is about to take place. With an upward trend still intact since the beginning of May, perhaps the bulls will have the greater say in the ultimate price direction. Breakout approaching Source: Coingecko/TradingView In the short time frame of the 4-hourly, $BTC is within a triangle and has almost reached the furthest point. A decision should be made on Monday…
1 year ago
Bitcoin is your financial future – don’t become enslaved by Central Bank Digital Currencies
Economies are failing across the world. Debt has become unsupportable. Governments are debasing their currencies in order to keep the system afloat. Bitcoin is your hedge against this, and your only protection. However, CBDCs are coming. Don’t become enslaved. We are living a dystopian novel It’s like we are living in a crazy dystopian world, and it’s a story told by an author who is interweaving George Orwell’s Animal Farm, and Nineteen Eighty Four; with Aldous Huxley’s Brave New World.…
1 year ago
Argentina Explores Bitcoin Collaboration with El Salvador to Boost Crypto Adoption
The National Securities Commission of Argentina (CNV) confirmed the country is considering cooperating with El Salvador on Bitcoin adoption. This follows an important meeting between Argentinian and Salvadoran regulators last week. Officials from Argentina’s CNV met with Juan Carlos Reyes, head of El Salvador’s National Digital Assets Commission (CNAD), to discuss El Salvador’s Bitcoin regulation strategies. Learning from El Salvador’s Experience High-ranking CNV officials, including President Roberto Silva and Vice President Patricia Boedo, visited El Salvador. The President highlighted Argentina’s…
1 year ago
Institutional Investors Warm Up to Bitcoin, Potentially Pushing Prices Beyond $400,000
Bitcoin’s allure is growing as investors increasingly recognize its unique traits. The spot Bitcoin exchange-traded funds (ETFs) simplify the process for investors, potentially leading to a significant increase in Bitcoin’s price. The Motley Fool analysts highlight that the approval of Bitcoin ETFs is a major step in cryptocurrency acceptance. They believe this could drive Bitcoin’s price to $400,000 or even $1 million. Bitcoin’s Path to $400,000 and Beyond The ETFs allow retail investors to bypass complex crypto exchanges and digital…
1 year ago
Bitcoin Price Losing Steam: Market Momentum Slows Amid Trading Hesitation
Bitcoin price is slowly losing momentum and struggling below $70,000. BTC is now consolidating and facing hurdles near the $69,500 resistance zone. Bitcoin is facing many key hurdles near the $70,000 zone. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it stays below…
1 year ago