Bitcoin

The post Fantom & Near Protocol Soar As Bitcoin Display Strength, Will FTM & NEAR Price Maintain a Bullish Streak? appeared first on Coinpedia Fintech News Fantom (FTM) Price Analysis Fantom price volatility has been rising since the beginning of the fourth quarter of 2024. While many tokens failed to maintain the trend, FTM was able to trade above the gained levels, demonstrating the bulls’ strong grip on the rally. With the recent rebound, the price has certified a triple-bottom…

The post Crypto Market Records A Significant Inflow With The Price Of Bitcoin Recording A 24-Hour High Of $66,667.89! appeared first on Coinpedia Fintech News Following the release of the US CPI report yesterday, inflation eased to 3.4% in April, meeting expectations. This resulted in the crypto market recording a positive price action with the global market cap recording a jump of 5.52% and a trading volume of $99.05 Billion (+37.02%). Furthermore, the market leader, BTC price, added 6.67% to…

The post Top Banks Embrace Bitcoin ETFs, Driving Trading Volume to New Heights appeared first on Coinpedia Fintech News Trading activity in Bitcoin ETFs just hit a new peak. According to Santiment, the seven largest ETFs collectively reached $5.65 billion in volume, the most active day since late March. This surge suggests a change away from the usual large-scale on-chain accumulations by whales. Major Banks Enter the Bitcoin ETF Market Three days ago, American banking giants JP Morgan and Wells…

The post Bitcoin Breaks Above Consolidation, Is $70,000, the Next Pit Stop for the BTC Price Rally? appeared first on Coinpedia Fintech News The market sentiments have become somewhat hopeful after the Bitcoin price rally marked the monthly highs at $66,666 in the early trading hours. A huge rise in buying pressure caused the token to break above the falling wedge, which has circulated bullish waves within the markets. However, the market participants continue to remain hesitant to enter at…

The post CME Group Prepares to Launch Bitcoin Spot Trading Amid Wall Street Interest appeared first on Coinpedia Fintech News The Chicago Mercantile Exchange (CME Group) is reportedly gearing up to introduce Bitcoin spot trading, capitalizing on increased interest from Wall Street fund managers. This step aims to meet the escalating demand within the cryptocurrency sphere. Although the plan is still preliminary, it highlights traditional financial institutions’ growing acceptance and adoption of digital assets. Additionally, this initiative could mark a…

Bitcoin price is up nearly 8% and it broke many hurdles. BTC is now consolidating gains and might correct in the short term toward $65,000. Bitcoin started a strong increase and cleared the $63,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains…

On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the NVT Golden Cross for BTC and its implications for the price. The NVT ratio is an indicator that tells us about how the Bitcoin market cap compares against its transaction volume. The…

In a remarkable turn of events, Bitcoin (BTC) has broken out of its recent trading range, recording a 7% surge in the past 24 hours alone. The cryptocurrency tests the $66,000 resistance level, setting the stage for a potential move toward higher targets. The latest momentum shift in Bitcoin’s price action has caught the attention of industry experts, particularly the co-founders of on-chain analytics firm Glassnode. According to their analysis, the trigger for a larger market structure release has been…

Glassnode data has revealed that Bitcoin long-term holders are taking advantage of the cryptocurrency’s lower price to significantly increase their holdings. This accumulation further strengthens the belief that this group of Bitcoin investors anticipate a potential upside for Bitcoin despite its recent volatility.  Long-Term Holders Pay $4.3 Billion For 70,000 BTC According to Glassnode, long-term Bitcoin holders who had previously sold 1 billion BTC in the latter part of 2023 are accumulating once again. This buying activity could be interpreted…