Bitcoin

Mike Novogratz, the CEO and founder of Galaxy Digital, shared his insights on the current state of the cryptocurrency market. According to Bloomberg, Novogratz predicts that Bitcoin (BTC) will likely remain within a relatively narrow trading range for the current quarter as the adoption of cryptocurrencies in traditional finance continues to evolve. Stagnant Crypto Market Per the report, Novogratz described the current phase in the crypto market as a consolidation period. He emphasized that Bitcoin, Ethereum (ETH), and other cryptocurrencies, including…

According to the candlestick arrangement in the daily chart, Bitcoin is moving inside a range. BTC is also down roughly 20% from the all-time high at spot rates. Though the series of lower lows posted in the past few trading days is bearish, one analyst is upbeat, expecting an encouraging recovery in the sessions ahead. This Indicator Flashes Green: Time For Bitcoin To Rally? Taking to X, the analyst notes that the 50-day Williams %R oscillator is turning from oversold territory,…

TON has significantly surged in price outdoing Bitcoin in this harsh market volatility. Strong project fundamentals and a rising social media community have led to the success of the Telegram native coin Toncoin, the native token of Telegram Connected Open Network has captured headlines amidst the rugged market downturn.  While Bitcoin and other well-set-up crypto coins hustle and tussle, Ton has significantly distinguished itself. TON has not only undergone a noteworthy price surge but also had a remarkable social media…

Despite past skepticism, big banks like UBS and JPMorgan are investing in Bitcoin ETFs. Edmond de Rothschild Group has also entered the game, buying $4.2 million worth of shares in Bitcoin ETFs. The Swiss banking giant UBS, characterized by its conservative attitude towards cryptocurrencies, has surprisingly expressed its interest in Bitcoin ETFs. A recent regulatory filing revealed that UBS has 3,600 shares of BlackRock’s iShares Bitcoin Trust (IBIT). This step is another development after the bank started allowing some of…

Maribor hosts its first Bitcoin conference, NiceHashX, aiming to spotlight Bitcoin’s role in Slovenia and celebrate NiceHash’s 10-year journey. The event features top speakers like Saifedean Ammous and Jameson Lopp, discussing topics from European Bitcoin adoption to the future of exchanges. Leading hashrate marketplace NiceHash is set to host the inaugural NiceHashX conference on November 8 and 9, a major event for the European crypto world. The conference aims to spotlight Slovenia’s burgeoning role in the Bitcoin ecosystem, showcasing the…

The post Bitcoin On The Path Of Becoming More Prominent And Influential Asset: GPT-40 appeared first on Coinpedia Fintech News When asked Chatgpt about Bitcoin’s impact on the M2 supply, it displayed a chart highlighting the ratio of M2 money supply had displayed a decreasing trend to the Bitcoin market cap over the past 5 years every quarter. This means the BTCs market cap has been growing faster when compared to the M2 money supply over the past years. This…

The post Tether Teams Up with RAK DAO to Drive Bitcoin & Stablecoin Adoption in UAE appeared first on Coinpedia Fintech News Amid controversies and scams, Tether is all set to expand its wings. Tether Partners with RAK DAO to Promote Bitcoin and Stablecoin Education in Ras Al Khaimah. In 2024, the Middle East saw a significant rise in cryptocurrency adoption, with the average daily number of traders reaching 500,000, marking a 166% increase from the previous year, as per…

Amidst the recent decline in Bitcoin’s price and the general cryptocurrency market, popular cryptocurrency analyst and enthusiast Titan of Crypto has highlighted the $61,500 price level as a crucial threshold to watch for the largest cryptocurrency. Titan of Crypto analysis examines the aforementioned level as a pivotal point for Bitcoin that could determine the coin’s next price trajectory. $61,500, A Level To Watch For Bitcoin Today, May 14, BTC witnessed a sharp decline to nearly $61,500, demonstrating little momentum for…

As the Bitcoin price continues to fluctuate wildly, the question in every investor’s mouth right now is when the digital asset will find its bottom. For some, the bottom has already been met, while for others, there are still more price crashes to come. However, one analyst’s prediction in particular stands out and this is due to his track record of accurately calling the top of the market back in the 2021 bull market. Crypto Expert Says Bitcoin Bottom Is…