Bitcoin

After a trying week for bitcoin holders, as the bears made yet another attempt to break through the strong $61,000 support, Monday has opened the week with a bang for the king of the cryptocurrencies. Is this rally likely to continue, and is the bottom now in? Are the bulls about to step back in? Following on from the big reversal at the end of April, which saw the $BTC price go down to around $56,600, and then quickly surge…

With presidential candidate Donald Trump recently announcing that his campaign would accept donations in crypto, this has thrown a lifeline to bitcoin, given that a second term for Biden would be extremely negative for the alpha cryptocurrency. Bitcoin has arrived financially Bitcoin has come such a long way. Launched in 2009 at the price of less than a cent, this new asset class is now trading for more than $60,000 a coin. 9 new Spot Bitcoin ETFs have opened in the…

Bitcoin price started a fresh decline from the $62,000 resistance zone. BTC is declining and remains at a risk of more losses below the $60,000 level. Bitcoin started a fresh decline after it failed near $62,000. The price is trading below $61,000 and the 100 hourly Simple moving average. There was a break below a bearish flag pattern with support near $60,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum…

El Salvador, a Latin American country famous for adopting Bitcoin (BTC) as its legal tender, recently made a significant move in its cryptocurrency investment strategy. The government now offers public access to Bitcoin investment data through a personalized mempool. The latest mempool data reveals that El Salvador currently holds 5,748.76 BTC valued at over $352.8 million. El Salvador Adds Transparency to Its Bitcoin Investments The Bitcoin Office, a Salvadoran government-owned body aimed at managing all projects related to BTC, announced…

Amid the current relief rally, Bitcoin, the leading cryptocurrency, slipped back to $62,500, with other cryptos recording massive declines. JPMorgan made headlines with its analysis, maintaining a cautious stance on Bitcoin and Ethereum in the short term, suggesting no immediate catalysts for bullish price movements. Meanwhile, KangaMoon (KANG) hits over $6.5 million in revenue funding and could become the next 100x altcoin in 2024. JPMorgan Says Bitcoin Remains Bearish in the Short-Term Wall Street Giant JPMorgan has maintained a cautious…

Bitcoin (BTC) kicked off the new year with a robust surge, breaching the $70,000 mark and witnessing significant engagement on its blockchain network. However, recent developments indicate a cooling trend in these metrics. Over the past two months, the price of the leading digital asset has faced challenges, and on-chain activity has declined. Bitcoin On-chain Activity Plummets to 5-Year Low Data from blockchain analytics firm Santiment indicates that Bitcoin’s on-chain activity has reached its lowest point since 2019. This decline…

The post Fear and Greed Index Neutral. Why Investors are Taking Advantage of the Dip, Buying Bitcoin, Solana, and Raboo appeared first on Coinpedia Fintech News The fear and greed index is a tool that aims to measure the overall sentiment of investors in the crypto market. It has a characteristic score that ranges from 0 to 100. A score less than 25 signifies extreme market sentiment while 75 to 100 means extreme greed.  At the moment, the fear and…

Bitcoin has been sliding down since it reached its all-time high in March. This has largely led to a buy-the-dip sentiment among crypto traders, with many believing the correction would end as soon as it ended and Bitcoin would surge again to new all-time highs.  According to crypto analytics platform Santiment, the thrill of scooping up ‘cheap’ Bitcoin appears to be fading as the consolidation drags on around the $60,000 price mark. As Santiment noted, this fading buy-the-dip mentality could…

As the crypto market matures, it becomes more predictable. But sometimes, the markets turn the opposite way to expectations. Recently, Bitcoin ETFs have seen a massive buy-in from the lucrative Hong Kong market, and the price was supposed to rise. However, the Bitcoin price dipped 5% despite the buy-ins, which had a knock-on effect on the Ethereum price as well, with ETH losing closer to 7% of value.  Bitcoin (BTC): Bitcoin ETFs precursor to price dip  According to a recent…