Bitcoin

The post Gold and Silver Surge to Record Highs: Is Bitcoin Next in Line? appeared first on Coinpedia Fintech News In recent times, precious metals like Gold and Silver have been on a remarkable rally, hitting new record highs. Gold, in particular, has been grabbing attention, soaring to a new all-time high against the USD, with Silver not far behind, reaching an 11-year peak above $30. This surge is driven by various factors, including geopolitical uncertainties and sustained demand from…

Bitcoin is rising, recently breaking above $67,000, and heading towards the all-important $70,000, a psychological round number. One analyst took to X amid this uptick, noting that whales holding over 1,000 BTC are not moving their coins to exchanges. Instead, they likely expect prices to spike higher in the coming days and weeks. Though movements over the weekend were muted, the extension earlier today is overly bullish for optimistic traders. As BTC prices edge, coin holders (and sometimes whales) usually…

The Bitcoin price recovery above the $67,000 level has triggered a round of selling, but it is not from the usual camp of large investors selling. This time around, it is the small-time traders who are offloading their bags and putting selling pressure on the price. However, this is not an entirely bad thing given that, historically, such selling has been bullish for the Bitcoin price. Bitcoin Retail Are Dumping Their Bags In a report on X (formerly Twitter), the…

The latest U.S. Consumer Price Index (CPI) data showing cooling inflation in the United States has provided the tailwinds for a crypto market recovery. Bitcoin (BTC), Dogecoin (BTC), and KangaMoon (KANG) are the top crypto coins that have been pumping since the CPI report. In addition, the targets for the coins given by market experts suggest they are among the best cryptos to buy now. Bitcoin (BTC) Recovers Above $66,000, Sets Sight on $80K+ The price of Bitcoin (BTC) has…

UK Judge James Mellor has publicly shared the approved judgment in the case involving Australian entrepreneur Craig Wright and the Crypto Open Patent Alliance (COPA). The term “approved” signifies that a decision or judgment has been formally accepted and ratified by a higher authority, making it legally binding. In a High Court ruling, Judge James Mellor dismissed Craig Wright’s claim to be Satoshi Nakamoto, the inventor of Bitcoin. The decision came after a five-week trial in March, marking a significant…

Bitcoin’s transition towards programmability could be the next major catalyst for a bull run. Enhanced functionalities are set to transform Bitcoin from just a store of value to a robust platform for decentralized applications and smart contracts. According to the latest update from Yahoo Finance, the Bitcoin programming community is undergoing a pivotal transformation. Developers are driving forward the notion of enhanced programmability on the Bitcoin blockchain, aiming to evolve Bitcoin’s functionality beyond its historical perception as merely “digital gold.”…

The post Derivatives Market Signals Bitcoin Surge: Liquidity and Activity Soar appeared first on Coinpedia Fintech News The Bitcoin derivatives market is buzzing with action as long-position traders dominate, willing to pay a funding rate of 0.00708794 to short traders. The market is heating up despite a slight dominance of selling sentiment, indicated by the Taker Buy Sell Ratio of 0.4968 (buy) to 0.5032 (sell). Open Interest (OI) has jumped by 7.61% over the past week, hitting $16.3 billion, indicating…

The post Miners Holding Steady as Bitcoin Activity Surges appeared first on Coinpedia Fintech News Bitcoin miners are playing the long game, with the Miners’ Position Index (MPI) at -1.0527, indicating they’re selling less compared to the one-year average. This cautious approach suggests confidence in future gains. Meanwhile, Bitcoin network activity is heating up, with active addresses reaching 1,087,283—a 10.54% jump in just 24 hours. The surge in wallet activity signals increasing engagement and transaction volumes. As miners hold tight…

The post Bitcoin Bull Cycle Begins, Indicators Signal Further Gains appeared first on Coinpedia Fintech News As history shows, crypto bull markets often start with a surge in Bitcoin dominance. Currently, BTC dominance stands strong at just over 56%, suggesting we’re in the early stages of this bull cycle. The Bitcoin market value to realized value (MVRV Z) score, which compares the current market value to historical averages, usually peaks around six during cycle tops. The current score below three…