Bitcoin

Bitcoin prices have been trending lower in the past couple of weeks and generally remain within a bearish formation. Although momentum appears to be picking up, bulls are not out of the woods just yet. Analysts are not losing hope and remain overly upbeat, expecting a surge that would take the world’s most valuable coin to new levels. Bitcoin Forms A “Cup And Handle” Formation In The Weekly Chart In a post on X, one of them, MikybullCrypto, said Bitcoin has…

Bitcoin price is exhibiting a slight uptick ahead of incoming US CPI Data. Bitcoin’s options market seems unaffected by the upcoming CPI report. Bitcoin (BTC) has found its way up, moving to the $62,000 mark, as investors await critical macroeconomic data. In particular, the release of the US Consumer Price Index (CPI) and remarks from Federal Reserve Chairman Jerome Powell about the economy are anticipated this week.  Impact of US CPI Data and Powell’s Remarks on BTC Per reports from…

The post Boundless Opportunities: Is Furrever Token the New Star as Bitcoin and Ethereum Wane? appeared first on Coinpedia Fintech News In a swiftly changing digital currency terrain, the conventional heavyweights Bitcoin and Ethereum encounter a phase of downturn, eclipsed by the rise of fresh faces. Within this dynamic transition, Furrever Token emerges as a compelling contender, captivating investors with its distinctive strategy and promising prospects. As the prices of Bitcoin and Ethereum waver, the ascent of Furrever Token remains…

The post Bitcoin Price Analysis: the Ultimate BTC Bottom Could Be Here, But Now a 13% Crash Appears Imminent appeared first on Coinpedia Fintech News The Bitcoin price rally has become dull in the past few days as the token remains stuck within a narrow range. This has caused a notable shift away from the star token, as some memecoins are performing exceptionally well, outperforming the major cryptos. While the BTC price remains stuck below $65,000, the ETH price fails…

The post Bitcoin Nears $63,000 as Whales Buy 15,400 BTC from Coinbase appeared first on Coinpedia Fintech News The BTC price rebounded significantly as it neared $63,000 today. Bitcoin whales bought over 15,400 BTC from Coinbase alone in the last 24 hours. This accumulation might have driven its latest recovery. The majority of BTC whales have been accumulating cheaper BTC lately. In a recent X post, Whale Alert highlighted a whale ramping up 7,900 BTC, which accounts for over 50%…

On-chain data shows the Bitcoin Hash Ribbons have recently gone through a crossover. Here’s what it could mean for the cryptocurrency. Bitcoin Hash Ribbons Suggest Miner Capitulation Is On As explained by CryptoQuant community manager Maartunn in a Quicktake post, miners are capitulating right now if the Hash Ribbons indicator is to be believed. This on-chain metric is generally used to determine whether miners are in distress. BTC runs on a proof-of-work (PoW) consensus mechanism where miners play the role…

Crypto analyst CryptoCon has revealed a key level to watch out for as Bitcoin attempts to break critical resistance levels. The analyst suggested that a drop to this price level may not be bad for Bitcoin and could instead be necessary for it to finally make that price rally.  $57,938 Is The Price Level To Keep An Eye On CryptoCon mentioned in an X (formerly Twitter) post that $57,938 is the “new price to watch for the 20-week EMA (Exponential…

Oklahoma Governor J. Kevin Stitt signed into law HB3594, which allows for the self-custody of Bitcoin by its citizens, fostering an inclusive financial environment.  HB3594 was signed into law by the governor on 13 May, putting Oklahoma at the forefront of the US effort to regulate the cryptocurrency industry.  Oklahoma To Allow Bitcoin Mining and Self-Custody The new law stipulates that Oklahoma will not ban crypto payments or create industry taxes or fees. However, it will authorize certain digital asset…

In an interview with Yahoo Finance’s “Wealth,” Ric Edelman, founder of the Digital Assets Council of Financial Professionals and $291 billion asset manager Edelman Financial Services, provided a striking forecast for the Bitcoin price. Edelman argued that Bitcoin’s price could surge to $420,000, attributing this potential rise to a modest global asset allocation towards Bitcoin. Why Bitcoin Price Will Reach $420,000 During the interview, Edelman delved into the advantages of investing in Spot Bitcoin ETFs. He noted that these instruments…