Bitcoin

The post Spot Bitcoin ETFs Accumulate $948 Million in Five Days appeared first on Coinpedia Fintech News The spot Bitcoin ETFs accumulated an impressive $948 million over five consecutive trading days. On May 17 alone, the ETFs registered a staggering $221.5 million, with 8 out of 11 ETFs recording positive inflows. Fidelity’s FBTC attracted $99.4 billion, Blackrock’s IBIT followed with $38.1 billion, and Grayscale’s GBTC recorded $31.6 billion in inflows. Despite all of this, GBTC had an outflow of $17.6…

A crucial Bitcoin metric has just turned bullish, sparking optimism from a crypto analyst regarding an impending rally for Bitcoin. This unique technical pattern suggests that the world’s largest cryptocurrency could see its price ascending further, potentially kick-starting a highly welcomed bull run this cycle.  Bitcoin Technical Pattern Flips Bullish Bitcoin’s price has often followed distinct historical patterns, with the majority of these indicators preceding significant rallies or bearish trends. One of the most compelling signs that Bitcoin may be…

In an analysis shared via X, renowned crypto analyst Ted (@tedtalksmacro) has provided compelling evidence to support his assertion that the current Bitcoin bull run is far from over. Ted’s insights are based on four critical indicators related to traditional finance and crypto liquidity, each pointing to sustained growth in the near future. Here’s a breakdown of his analysis: #1 65-Month Liquidity Cycle Ted highlights the 65-month liquidity cycle, a historical pattern that marks the ebb and flow of liquidity…

Bitcoin closed higher than the previous 4 weekly candles, and having consumed these previous weekly closes, the king of the cryptocurrencies is pushing at the $67,000 resistance level. Bitcoin consolidation coming to an end? The stage is set for bitcoin to go higher. Ten weeks of sideways accumulation and consolidation look as though they might have come to an end. A 7.7% rise during the course of last week was enough to cancel out the last 4 weeks of sideways…

The post Bitcoin Breaking the Resistance: Where Will It Reach This Week? $71,000 or $73,000? appeared first on Coinpedia Fintech News In the short term, the Bitcoin price appears to have been stuck within a range, but in the long term, the token is following a pre-programmed upswing. After the well-known rebound from levels below $60,000, the price is following a notable ascending trend, which appears to have revived a strong bullish trajectory within the markets. Therefore, even though the…

Bitcoin price extended its increase above the $67,500 resistance. BTC tested the $68,000 resistance and is currently correcting gains. Bitcoin started a downside correction after it climbed toward the $68,000 resistance zone. The price is trading below $67,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless the bears…

Bitcoin developers are exploring the next growth frontier, i.e., programmability through decentralized finance (DeFi). Recent developments suggest that Bitcoin’s adaptability could soon rival Ethereum’s, potentially catalyzing significant market expansion. Following the launch of the first US Bitcoin exchange-traded funds and the latest Bitcoin “halving,” the community has turned its focus toward the future of Bitcoin’s ecosystem. Bitcoin Developers Work on Enabling Programmability The spotlight is now on DeFi’s potential to transform Bitcoin from merely digital gold into a more dynamic,…

The post Morgan Stanley Bullish On Bitcoin, Can Kangamoon Achieve Mainstream Status? appeared first on Coinpedia Fintech News Although Bitcoin (BTC) has been through a rough patch over the last couple of months, Morgan Stanley remains bullish on the leading crypto. The leading global wealth management firm announced a $270 million investment in Bitcoin ETFs, followed by a BTC price rebound. Meanwhile, KangaMoon (KANG) has been generating excitement for its new Social-Fi protocol. This new protocol supports community involvement like…

The cryptocurrency market has been shaken by turbulence over the past year, but Bitcoin is now staging a remarkable comeback, breaking past the $67,000 mark for the first time since late 2023. This unexpected surge has electrified the Bitcoin community, sparking widespread optimism and a sense of renewed hope among investors. Confidence In Bitcoin High The collective mood of the Bitcoin community, as measured by Santiment’s “Weighted Sentiment” metric, has reached its most bullish level since the SEC’s landmark approval…