Bitcoin

The post Bitcoin, Ethereum, And XRP Price Prediction: Altcoins To Kickstart Bull Rally? appeared first on Coinpedia Fintech News The crypto market recorded significant volatility during this week amid the pending approval of the ETH ETF by the SEC. Furthermore, top tokens experienced massive price movements this week, indicating an increase in the price action within the crypto space. Furthermore, the market leader, Bitcoin price, has successfully held its price above the $68K mark, highlighting a rising bullish sentiment in…

The post Ethereum Steals Spotlight from Bitcoin as Crypto Market Swings Wild in May appeared first on Coinpedia Fintech News May has been a wild ride for crypto enthusiasts, with plenty of ups and downs. It all began with some nerves as crypto prices took a nosedive after the Bitcoin halving on April 19th. But just when things seemed uncertain, a big announcement shook up the scene: the SEC gave the green light to the first Ethereum Spot ETF, sparking…

Following the Bitcoin halving in April, analysts and investors remain on the edge of their seats in anticipation of a major price breakout by the maiden cryptocurrency. While Bitcoin did rise to $71,443 in the past week, the token soon suffered a retracement falling as low as $66,936.  Interestingly, renowned analyst with X handle Rekt Capital has provided an interesting insight into this recent price movement and also predicted the period BTC may finally embark on a highly-anticipated bullish run. …

The post Bitcoin to Outperform Nvidia, Say Analysts appeared first on Coinpedia Fintech News According to crypto executives, Nvidia’s (NVDA) last decade of outperforming Bitcoin (BTC) will not be repeated. Swan Bitcoin CEO Cory Klippsten and strategist Lyn Alden are inclined towards Bitcoin for the upcoming ten years. Nvidia returned 21,558% from May 2014 to May 2024, whereas Bitcoin did 13,048%. Additionally, Bitcoin outspaced Nvidia, profiting 31.7% vs. 30.2% since the ETF approval in January. Investment analyst Daniel Sempere Pico…

The post Bitcoin Miner Revenue Soars Amid Transaction Fee Drop appeared first on Coinpedia Fintech News Bitcoin miner revenue reached $33.57M on May 23, up 16.48% from $28.82M on May 7, steadily rising over the past few days. Despite this growth, transaction fees have plummeted to $1.5M, a significant drop from the peak of $25.67M on April 26. Bitcoin dominance has reached 52.9%. However, it faces a threat from the recently approved Ethereum ETFs, which could increase demand for Ethereum…

The post Bitcoin ETF Frenzy: $252M Net Inflow As Derivatives Surge! appeared first on Coinpedia Fintech News On May 24, 2024, Bitcoin ETFs saw a net inflow of $252M, marking the 10th consecutive day of positive inflows. Over the last 10 trading days, U.S. Bitcoin ETFs bought approximately 30,000 $BTC, equivalent to 65 days of Bitcoin supply. Further, the bullish momentum continues, with over 10,000 BTC added in the past two weeks. BlackRock (IBIT) recorded a strong inflow of $182M,…

Bitcoin continues to dominate discussions, with its recent price movements drawing particular attention. As the asset struggles to reclaim its March all-time high of over $73,000, with recent attempts peaking above $71,000 earlier this week, the price has since receded to approximately $68,231 at the time of writing. This retracement marks a 7.3% drop from its March peak, signifying a volatile period for the cryptocurrency, influenced by various underlying market factors. Long-Term Holders Lessen Selling, What This Spell For BTC Glassnode,…

The Bitcoin price is now back down to $67,000 after touching above $71,000 earlier in the week. Given the circumstances surrounding the price recovery and subsequent decline, it has led to crypto analysts breaking out the technical indicators to figure out where the price is headed next. One crypto analyst, in particular, has identified that the cryptocurrency has entered a crucial zone, with important levels to watch that could tell where the price is headed next. Bullish Scenario For Bitcoin…

Earlier today, the United States Securities and Exchange Commission (SEC) approved 19b-4 fillings for eight spot Ethereum exchange-traded funds (ETFs), paving the way for the highly anticipated institutional adoption of the second most valuable coin. The decision comes after months of uncertainty and less than six months after the regulator approved spot Bitcoin ETFs. For all that the crypto community can remember this week, the regulator uncharacteristically “scrambled” and hastily communicated to spot ETF issuers to make amends to their…