Bitcoin

After inadvertently tossing his hard drive in a trash, James Howells lost access to his 8,000 BTC, valued at $550 million. Howells and his backers intend to recover the hard disk from Newport waste with a $10 million hunt involving artificial intelligence and robot dogs. James Howells experiences suffering with each increase in the price of Bitcoin (BTC), and relief with each decline. After reaching an all-time high of $68,763 on November 10, 2021, the 8,000 BTC Howells had mined…

After enduring a significant 20% price correction earlier this month that saw Bitcoin fall below $56,400 and increased outflows from the Bitcoin ETF market, the world’s largest cryptocurrency has managed to stage a strong comeback. It has broken above the key $66,000 resistance level and turned it into a new support zone. BTC Bounces Back As Bitcoin ETF Inflows Soar  The resurgence in Bitcoin’s price has been closely tied to a rekindling of inflows into the US spot Bitcoin ETF…

Crypto analyst TechDev has provided insights into the Bitcoin (BTC) future trajectory. The analyst hinted that the flagship crypto was currently mirroring its price action in 2017 and could soon make a parabolic rise like it did back then.  History Could Repeat Itself  TechDev shared a chart on his X (formerly Twitter) platform with the caption, “The more things change, the more they stay the same.” The chart showed that Bitcoin’s current price action was mirroring that of the 2017…

An analyst has explained how profit-taking looks to have finished for Bitcoin in what has been a “very healthy reset” for the market. Bitcoin SOPR Suggests Profit-Taking From Investors Has Cooled Off In a new post on X, analyst Willy Woo has discussed about the latest trend occurring in the Bitcoin Spent Output Profit Ratio (SOPR). The SOPR is an on-chain indicator that basically tells us about whether the Bitcoin investors as a whole are selling their coins at a…

A Dutch family adopts a wandering lifestyle and becomes cryptocurrency millionaires by selling everything for Bitcoin. Avoiding conventional institutions and financial hazards, the Taihuttu family stores their Bitcoin in secret wallets all across the world. The Taihuttu family from the Netherlands made a decision that changed their lives in 2017. Along with his wife Romaine and their three daughters, Didi Taihuttu made the decision to give up their conventional way of life and put all they possessed in Bitcoin. The…

Earning a passive yield through DeFi lending and borrowing protocols such as Compound, MakerDAO, and Sumer.money is one of the efficient ways investors can fully optimize their idle crypto portfolios.  However, while the DeFi market has opened up passive income opportunities, most of them are only compatible with Proof-of-Stake (PoS) blockchain networks. This explains why Ethereum currently accounts for more than half of the total value locked (TVL) across DeFi protocols: $52 billion, while the total across all blockchains stands…

While the cryptocurrency market remains in a heightened state of frenzy, top traders and crypto enthusiasts are frantically searching for the next crypto coin with potential for explosive growth. With the emergence of Rollblock (RBLK), a new altcoin laden with impressive features, crypto whales are selling off their Shiba Inu (SHIB) and Bitcoin Cash (BCH) to accumulate this new altcoin. Shiba Inu Token Succumbs To Bear Market Despite 180% Yearly Surge Although starting as a dog-inspired meme, the Shiba Inu…

Layer 2s are now so deeply embedded in the EVM landscape that it’s hard to recall a time when they weren’t a cornerstone of daily life for millions of users. But not so long ago, Layer 2 existed as little more than an idea than a working reality. Over the last three years, however, dozens of Layer 2 networks have sprung up to take the strain off Layer 1 chains such as Ethereum – and now the same transformation is…

The post Will Bitcoin Hit ATH this week? Analyst Predicts $72k Price Target appeared first on Coinpedia Fintech News Bitcoin’s price has surged above $67K over the weekend, marking its first rise to this level in nearly a month. This increase was driven by recent data indicating a softening in U.S. inflation and significant interest in spot Bitcoin ETFs, leading to a massive inflow in Bitcoin ETF investments.  Some analysts believe that the correction is over and predict that Bitcoin…