Bitcoin

Well-known cryptocurrency analyst and trader Rekt Capital has revealed an intriguing finding regarding Bitcoin’s price trend in a recent analysis. His ground-breaking prognosis reveals that the crypto asset is mirroring historical price action that took place during a bull cycle eight years ago. Similar Historical Price Tendency In Bitcoin Rekt Capital asserted that the way Bitcoin is reiterating a past price trend from a cycle 8 years ago is amazing. Given the magnitude of the 2016 bull cycle, BTC could be…

Fidelity, the leading asset management firm, has announced that pension funds are considering investing in cryptocurrencies. The engagement of major asset management firms like Fidelity and BlackRock suggests a growing acceptance of cryptocurrencies among institutional investors. Pension plans are cautiously considering the potential of investing in cryptocurrency assets, though at a measured pace. Manuel Nordeste, vice president of Fidelity Digital Assets, unveiled this during an event in London. He highlighted that pension plans are initiating discussions with their investment committees…

The post Bearish Impact Escalating over the BTC Price Rally, Is Bitcoin in the Middle of a 50% Capitulation? appeared first on Coinpedia Fintech News Bitcoin has been hovering within a pre-determined range ever since the token failed to march above the newly formed highs. This appears to have negatively impacted the bullish momentum, as the prices have maintained a steep bearish trend. Moreover, whenever the crypto tries hard to print a huge bullish candle, the bears jump in no…

Data shows the Bitcoin Open Interest as a percentage of its market cap has been at lows recently, a sign the derivatives side has been healthy. Bitcoin Open Interest Is Now Less Than 2% Of The Market Cap As explained by analyst James Van Straten in a new post on X, the derivatives side of the market has looked “extremely healthy” while BTC’s latest recovery has occurred. The metric of interest here is the “Open Interest,” which keeps track of…

Crypto analyst Ali Martinez has revealed that it may still be an excellent time to accumulate Bitcoin. This comes amidst the flagship crypto’s recent price recovery, with the crypto token skyrocketing above $64,000.  Bitcoin Is Still In A “Prime Buy Zone” Martinez mentioned in an X (formerly Twitter) post that Bitcoin’s Market Value to Realized Value (MVRV) 90-day ratio indicates that it is still in a “prime buy zone” despite its recent price surge from $57,000 to $64,000. The MVRV…

The potential opening of Hong Kong’s Bitcoin exchange-traded funds (ETFs) to investors from mainland China has sparked a flurry of excitement and speculation within the cryptocurrency market. On April 30, Hong Kong launched spot Bitcoin and Ethereum ETFs, marking a significant development for crypto trading in Asia. Although the initial trading volume was modest, the geographical and economic proximity of Hong Kong to China has raised prospects of cross-border crypto investments. Will China Enable Access to Bitcoin ETFs? Richard Byworth,…

Cryptocurrency traders are increasingly targeted by sophisticated scams, leading to significant losses. Scammers have pulled off everything from large Bitcoin thefts to tricky crypto ATM schemes. These indicate growing risks in the digital currency market. As cryptocurrencies become more popular, they also become prime targets for scams. These scams take advantage of the complex nature of crypto transactions. Victims Lose Over $70 Million in Bitcoin, Crypto Scams A Bitcoin trader mistakenly sent a whopping $69.3 million to a scam address.…

The federal government installed a crisis office to closely monitor the situation with the rains that hit Rio Grande do Su, Brazil. The level of the Guaíba River reached its highest level since 1941, with more rain expected. To date, more than 37 people have died, and more than 70 have been injured as storms have hit at least 235 municipalities. Among them is one of the most Bitcoiner cities in Brazil, Rolante. Bitcoin Community United to Help Brazil Local authorities issued…

Two major Bitcoin (BTC) whales have stirred the cryptocurrency market with their recent transactions. One whale moved a significant amount of BTC after a decade-long dormancy, while another executed a large WBTC sale for millions in stablecoins.  These transactions highlight shifting strategies among significant players and hint at potential market implications. Bitcoin Whales Are Re-Evaluating Portfolios Two significant Bitcoin transactions have stirred the cryptocurrency market. The first involved crypto whale 15WZNLACuvcDrrBL2btDErJggnaMQtHh5G, who, after a 10.3-year hiatus, moved a massive 687.33 BTC, valued…