Bitcoin

According to data from Kaiko, a bullish bias persists for Bitcoin options despite the recent market volatility. Last week, Bitcoin experienced volatility, briefly dipping below the $57,000 mark before experiencing a weekend rebound fueled by easing concerns over Fed interest rates. Bullish Shift in the Bitcoin Options Market The decline in Bitcoin’s price last week proved advantageous for put options set to expire at the end of May. Put options within the $57,000 to $60,000 range briefly entered the money,…

Vodafone intends to utilize SIM card technology for blockchain-based digital wallets on mobile devices through Pairpoint. The British-based telecommunication company is available globally through its subsidiaries, thus promising to expedite the mass crypto adoption. Top-tier multinational telecommunications company Vodafone Group Plc., which predominantly operates in Europe, Asia, Oceania, and Africa, is ostensibly advancing its SIM technology via the use of blockchain to help users manage crypto assets. According to Vodafone’s Pairpoint Chief Product Officer (CFO), David Palmer, in a recent…

The post Bitcoin Holds Key Support at $60.5K, Eyes $70K in Coming Months appeared first on Coinpedia Fintech News Bitcoin (BTC) is poised for significant price movement, according to insights shared by crypto trader Michaël van de Poppe. In a recent analysis, Van de Poppe highlighted a crucial support level at $60.5K, suggesting that Bitcoin’s ability to maintain above this level could pave the way for a rally towards $70K over the next 1-2 months. Key Support at $60.5K Meanwhile,…

The post Bitcoin Surges But Most Addresses Stay “At The Money”! appeared first on Coinpedia Fintech News The current Bitcoin price action marked a robust 10% surge over the past week to a price of $63,982. However, the distribution of addresses profitability offers slightly different underlying dynamics. With almost 49.83k addresses,14.03% of total active addresses, are ‘In the Money’, enjoying profits due to the recent price hike. In contrast, 20.29k addresses (5.71%) find themselves ‘Out of the Money’, holding Bitcoin…

The post Bitcoin Believers in Profits As Market Enters ‘Belief’ Phase! appeared first on Coinpedia Fintech News The Bitcoin market is currently experiencing a strong ‘Belief’ phase, indicated by a Net Unrealized Profit and Loss (NUPL) value of 0.55095269. This metric reflects the gap between the market cap and the realized cap divided by the market cap. It reveals a significant group of investors are holding onto Bitcoin with substantial unrealized profits. Despite a slight 0.67% drop in the last…

In an interview with journalist Natalie Brunell, Michael Saylor, executive chairman and co-founder of MicroStrategy, laid out his vision for what could next propel the price of Bitcoin. His insights come at a time when the digital currency landscape is experiencing pivotal regulatory and institutional developments. The Next Big Catalyst For Bitcoin Price Saylor pinpointed the specific moment he believes heralded the onset of a new era for Bitcoin. “January of 2024 marked the beginning of the period of corporate…

Bitcoin has broken the downtrend and is looking to break resistance at $64,000. Should this current bounce continue and the break takes place, $67,000 could be the next port of call for $BTC.  The danger of $BTC losing its bull market trend line appears to have faded. At least for now. A continuation of the rally from the local low of $56,600 is still in play, and it just remains to be seen over the medium term, whether this is…

In the latest big-name transaction involving Bitcoin, Hightowers Advisors has disclosed a $68 million investment in spot Bitcoin ETFs, disclosed in a May 6 filing.  Besides Hightower Advisors, Southgate Bank has also disclosed investments worth $577,198 in two separate spot Bitcoin ETFs.  Hightower Advisors, Southgate Bank Disclose BTC Investments  According to the 13F filing by Hightower Advisors, the asset manager holds 709,956 shares of Grayscale’s GBTC, which is worth around $44.8 million. It also holds 200,084 shares of FBTC, worth…

The introduction of the Interchain Amplifier by Interop Labs marks a significant stride towards achieving broad interoperability across diverse blockchain networks.  This innovative tool not only facilitates Bitcoin interoperability but also enhances connectivity among major blockchain platforms, including Polkadot and Hedera. Big Leap in Blockchain Interoperability The Interchain Amplifier, a smart-contract-based toolkit, is a unique offering from the Axelar network. It’s designed to simplify the integration of new chains by enabling permissionless connections. It is a feature that’s crucial for…