Bitcoin

The price of Bitcoin has continued to move within a consolidation range since hitting a new all-time high in mid-March. This sluggish price action has been a source of worry to most investors, especially when the premier cryptocurrency recently lost its support at the $60,000 level. Interestingly, price is not the only Bitcoin metric that has cooled off since the first quarter of the year. Data analytics firm Santiment has revealed that on-chain activity on the Bitcoin network has also…

Yuval Noah Harari, a distinguished historian and best-selling author, recently voiced his concerns about Bitcoin at the Bank of International Settlements (BIS) Innovative Summit 2024. Consequently, Harari’s opinions received widespread criticism from the crypto community. What Did Harari Say About Bitcoin? Harari noted that while the future might lean towards electronic money, historical trust in banks and governments to manage monetary flow has fostered societal trust. He believes it is a good idea to give central banks and the government…

JP Morgan and Wells Fargo, two of the largest banks in the United States, have announced their investments into Spot Bitcoin ETFs, unveiling their exposure to BTC, the world’s largest cryptocurrency. This significant development comes amidst the persistent downturn in the crypto market, resulting in BTC’s price dipping slightly above $60,000.  US Financial Banks Expose Spot Bitcoin ETF Holdings American financial services companies, Wells Fargo and JP Morgan, have revealed their exposure to BTC by disclosing their adoption of Spot…

The post Long-term Bitcoin Holders Stop Selling Amid Sales Peak At $73K Level! appeared first on Coinpedia Fintech News The long-term holders (LTH) of the BTC token are holding on to their assets amid increased price volatility in the crypto industry. Moreover, the 7-D LTH shows a liquidity of $1.3 Million for the long-term holders with the supply experiencing a significant drop. This highlights a high possibility of a bullish rebound in the coming time as the Long-term holders are…

The post Bitcoin and Ethereum Rebound Sparks Market Optimism; Furrever Token Unveils $20,000 Competition appeared first on Coinpedia Fintech News As Bitcoin and Ethereum, the two behemoths of the cryptocurrency world, stage a remarkable recovery, a renewed sense of optimism permeates through the market. Against this backdrop of revitalized confidence, Furrever Token, an endearing newcomer to the crypto scene, steps into the spotlight with an exciting announcement. The project has unveiled a captivating competition, offering participants the chance to vie…

The post ChatGPT Predicts Bitcoin Price : When Will BTC Price Initiate Bull Run? appeared first on Coinpedia Fintech News After a massive dump in April of 15%, the Bitcoin price is struggling to kick off the next bull run. As the market anticipates a massive jump after the fourth Bitcoin halving, the BTC price struggles near the $60,000 level.  The market grows fearful with the halving moth turning red and the growing supply. Further, the 9 Bitcoin ETFs in…

The post First-Mover Advantage: Why ETFSwap (ETFS) Is On The Same Path As Bitcoin And Ethereum appeared first on Coinpedia Fintech News Following in the path of Bitcoin (BTC) and Ethereum (ETH), a novel market-moving DeFi platform, ETFSwap (ETFS), has leveraged first-mover advantage to launch a premier Ethereum-based tokenized trading solution for exchange-traded funds (ETFs) in the cryptocurrency world.  The first-mover advantage, just like in any other financial sector, gives a competitive edge in being the first provider of an…

The post Markets Tear Down the Longs Who Aped Above $63,000; Here’s Where the Bitcoin (BTC) Price May Head Next appeared first on Coinpedia Fintech News The crypto markets are down by over 3% as the bears managed to trap the bulls after pretending to be inactive for a couple of days. Besides, the Bitcoin (BTC) price has also plunged by over 3.7%, marking interim lows at $60,487 from the highs slightly above $61,000. The market dynamics appear to have…

Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.  When Bitcoin Will Hit $1 Million In an interview with Pirate Wires, Dorsey mentioned that BTC could hit $1 million in 2030 and beyond. In addition to predicting Bitcoin’s future trajectory, Dorsey took time to appreciate the Bitcoin ecosystem. He remarked…