Bitcoin

As the crypto landscape evolves, even Bitcoin investors seek alternative opportunities. Among the thousands of altcoins on the market, PawFury is capturing significant attention.   While Bitcoin maintains its market dominance, investors increasingly seek alternative opportunities to buy into. Among the myriad options, newbie memecoin PawFury has become a popular choice. Let us explore why Bitcoin investors are foraying into this particular coin.  Bitcoin’s Influence on the Crypto Market Bitcoin is the flagship crypto and has become synonymous with the industry.…

Bitcoin's recent surge is set to trigger a significant rally in altcoin markets in the upcoming summer months. Specialists in the industry believe this could mark a transformative period for alternative cryptocurrencies. The anticipation for a dynamic season is palpable among investors looking to understand how these movements could shape the future of the crypto economy. As the bull run of 2024 continues to unfold, the next wave of excitement could redefine the momentum for numerous altcoins. BlastUP Presale: A…

The post Changpeng Zhao’s 2019 Bitcoin Prediction Comes True appeared first on Coinpedia Fintech News Former Binance CEO Changpeng Zhao recently resurfaced on social media, reminding followers of his 5-year-old Bitcoin prediction. Referring to a 2019 post, he predicted significant changes once Bitcoin’s price surpassed $8,000. His forecast appears accurate, with Bitcoin now trading above $66,000 and having touched $74,000. Zhao is serving a four-month prison sentence in the US over a money-laundering case following his resignation as CEO of…

Leading on-chain analyst James Check, popularly known as Checkmatey, has recently delved into the intricacies of Bitcoin’s market dynamics, offering a detailed on-chain data analysis that sheds light on the forces driving Bitcoin prices. His latest insights highlight a period he describes as “Quiet and Trending,” suggesting a robust underpinning despite significant sell-side pressures and shifts in volatility. Bitcoin Follows The Stair-Stepping Rally-Consolidation-Rally Pattern Since December, Bitcoin has experienced substantial sell-side pressure, with over 1.5 million BTC being sold. “Around…

Four successive days of positive inflows into the US Spot Bitcoin ETFs have coincided with positive growth in the Bitcoin price. Are the institutions returning to buy $BTC now that the price correction appears to be ending? Second wave of institutional buying inbound? Bitcoin (BTC) is fast putting the last 10 weeks of corrective price action behind it. Institutions are buying again and positive sentiment is starting to flood back into the crypto market, with the Fear and Greed Index…

An analyst has explained how the data of an oscillator for Bitcoin could suggest the cryptocurrency still has plenty of room to run in this rally. Bitcoin VWAP Oscillator Could Imply Potential For Further Upside In a new post on X, analyst Willy Woo discussed what the latest trend in the Volume-Weighted Average Price (VWAP) Oscillator for BTC might suggest regarding what could be next for the cryptocurrency. The VWAP is an indicator that calculates the average price for any…

Bitcoin price rallied and tested the $66,500 zone. BTC is now consolidating gains and might attempt another increase toward $67,500. Bitcoin started a consolidation phase from the $66,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $65,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless the bears push it below $63,800.…

The post Bitcoin Aims for a Surge Above Traders’ Realized Price of $66K: Traders to Face Potential Loss on Sales appeared first on Coinpedia Fintech News Bitcoin’s price is currently hovering around a critical level of $66,000, aiming to validate a clear trend. This threshold is important as it represents the realized price, or the average purchase cost, for many traders. Analysts view that traders won’t likely sell around $66K as selling below this level will trigger losses. As a…

QCP Capital, a prominent institutional-focused firm, has recently projected that Bitcoin could revisit its peak price levels, potentially reaching up to $74,000 shortly. This prediction follows the latest United States Consumer Price Index (CPI) data, which has significantly boosted risk assets. The firm noted that the positive surge in the market is partly due to the renewed buy-side demand, as evidenced by the buying patterns that resemble those of Exchange-Traded Fund (ETF) market makers. Institutional Inflows And Market Indicators Point…