Bitcoin

Pantera Capital projects an astonishing ascent for Bitcoin, estimating its value at $117,000 by August 2025.  This price prediction hinges on historical data surrounding Bitcoin halvings — a phenomenon that halves the reward for mining a block on the network. Pantera Capital’s Bitcoin Price Prediction In a recent report, Pantera Capital suggests that post-halving periods herald significant bull rallies. However, after the 2024 halving, Bitcoin suffered a price correction to $57,000. This pattern is typical of previous market cycles and…

The Biden administration threatens to veto a bill allowing regulated financial firms to hold Bitcoin, sparking debate over cryptocurrency regulation. Supporters argue that overturning SEC regulations would foster innovation, while critics emphasize the need for investor protection. President Joe Biden’s administration has stirred controversy with its stance on cryptocurrency legislation, particularly House Joint Resolution 109 (H.J. Res. 109). The administration has issued a Statement of Administration Policy indicating President Biden’s intention to veto the legislation, which would permit highly regulated…

An analyst makes an audacious prediction for XRP, foreseeing the asset hitting $246 after the end of the ongoing cycle.  According to him, XRP’s weekly chart discloses the repetition of a pattern that triggered the significant surge to $3.3 in January 2018 and $1.9 in April 2021.  XRP’s steady surge over the years and consistent struggle since the commencement of the legal dispute between the US Securities and Exchange Commission (SEC) and Ripple Labs has forced market analysts to resort…

A cryptocurrency analyst has made a case for the plummeting Bitcoin (BTC) price, declaring that it has nothing to do with leveraged derivatives. While Bitcoin (BTC) plunges, Borroe Finance ($ROE), a top ICO coin, continues to attract investors to its presale for an opportunity to accumulate massive returns.  Discover why Borroe Finance ($ROE) would be the go-to alternative between these top crypto coins. Leverage Flushout Is Not The Reason Behind Bitcoin Dumping, Analysts View  James Check, a cryptocurrency analyst at…

The post Analyst Identifies Two Scenarios for Bitcoin: $75K or $47K appeared first on Coinpedia Fintech News Crypto analyst Crypto Jebb has identified a significant chart pattern on Bitcoin that could potentially propel its price to $75,000. In a recent video, Jebb discusses the emergence of an inverse Head and Shoulders pattern, signalling a possible rally for the leading cryptocurrency. The inverse Head and Shoulders pattern, according to Jebb, presents a bullish outlook for Bitcoin’s price. Drawing from the head…

The post Here’s Why Bitcoin Is Poised to Hit the $265,000 appeared first on Coinpedia Fintech News In a recent discussion, analyst Larry Jones delved into the current state of the cryptocurrency market, focusing particularly on Bitcoin’s trajectory and long-term investment strategies. Jones opened up about several key indicators and his approach to navigating the market’s fluctuations. Jones began by pointing out a crucial Bitcoin indicator suggesting a period of relative stability in the crypto space. He brought to notice…

The post Bitcoin (BTC) Price Is Primed for a Rebound to New ATH; Here Are Top Reasons  appeared first on Coinpedia Fintech News After being trapped in a correction mode for the past six weeks, Bitcoin’s (BTC) price has established a robust support zone of around $61k. With the heightened demand for the flagship coin from institutional investors, following the recent approval of spot BTC ETF in Hong Kong, more crypto traders led by CryptoCapo believe a rebound is on…

The post Bitcoin Stalls at $61K: While European Equities Rally, BoE Hints at Summer Rate Cut appeared first on Coinpedia Fintech News Despite a rally in European equity indices, Bitcoin is struggling to maintain its position above the $61,000 mark. This challenge coincides with the Bank of England’s decision to keep interest rates steady while hinting at a potential rate cut during the summer. According to the report, the European markets, both the FTSE 100 and the Stoxx 600 index…

As the clock ticks closer to the end of today, May 3, the cryptocurrency market braces itself for potential upheavals, with roughly $2.4 billion worth of Bitcoin and Ethereum options set to expire. This significant event could catalyze notable shifts in market dynamics, steering the trajectory of Bitcoin and Ethereum prices in the near term. Notably, Options contracts in the crypto sphere allow traders to hedge against price volatility or speculate on future price movements without directly holding the assets.…