Bitcoin

After last week’s massacre that drove bitcoin to a multi-month low, the asset’s recovery attempts continue in full force as it jumped above $65,000 for the first time since April 24. Several altcoins have produced even more impressive gains over the past day, with TON, SOL, and AVAX standing out from the larger caps. BTC Goes Above $65K It was less than a week ago, at the start of May, when the primary cryptocurrency was dumping hard and fell to…

Mercado Libre, a major player in Latin America, now holds a significant Bitcoin asset, which could influence regional cryptocurrency trends. With Bitcoin’s current momentum and integration into traditional asset management, the speculation about reaching a $70,000 price point intensifies. Mercado Libre, often referred to as the Amazon of Latin America, has strategically positioned itself in the cryptocurrency landscape by holding $29 million in Bitcoin. This significant investment not only demonstrates Mercado Libre’s belief in the potential of Bitcoin but also…

The post When Will Bitcoin Price Reach Its Peak in This Bull Market? appeared first on Coinpedia Fintech News Amidst Bitcoin’s market volatility, many, including analyst Rekt Capital, believe it’s prime time to buy. In his recent post, he highlights patterns of market peaks in the Bitcoin cycle.  Rekt Capital also delved into the question: When will the Bitcoin bull market end, and how long will it last?  If history were to repeat itself, projecting a bull market peak around…

The post Ethereum Displaying Strength Against Bitcoin, Will Altcoins Outperform BTC in the Coming Days? appeared first on Coinpedia Fintech News The weekend was expected to be slightly volatile but the sluggish behaviour of Bitcoin compelled the other major altcoins to remain stuck within a region. The token has held on to crucial support, which suggests the bulls are preparing for the next move. In the meantime, the second-largest crypto, Ethereum, has been displaying acute strength as the bears fail…

Bitcoin price started a steady increase above the $62,500 resistance. BTC is again struggling to clear the $64,500 and $65,000 resistance levels. Bitcoin is showing positive signs and facing hurdles near $64,500. The price is trading above $62,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $64,500 and $65,000 resistance…

Bitcoin (BTC), the largest cryptocurrency by market capitalization, has marked a significant milestone by processing its one billionth transaction. This achievement highlights the robust activity and growing adoption of Bitcoin despite the fluctuating market conditions. The Bitcoin community, particularly on social media platforms like X (Twitter), has been abuzz with celebrations. The excitement highlights this milestone’s significance for investors and enthusiasts. The Road Ahead: Bitcoin After 1 Billion Transactions On-chain data confirmed this historic moment for Bitcoin. The dashboard from…

Blockchain analytics company Elliptic said that its researchers have made progress in leveraging artificial intelligence (AI) to detect money laundering in Bitcoin. A recent paper detailing this research was co-authored with researchers from the MIT-IBM Watson AI Lab. Elliptic revealed a successful identification of illicit proceeds deposited at a cryptocurrency exchange, new patterns of money laundering transactions, and previously unidentified illegal wallets upon utilizing a deep learning model. The firm said that findings are already being used to improve its…

Bitcoin, the cryptocurrency created in 2009 by Santoshi Nakamoto, is often referred to as “digital gold” because it is the pioneering and most trusted cryptocurrency. Its rich history, security measures, and ability to maintain value cemented its position in cryptocurrency. Altcoins have emerged to address perceived limitations in Bitcoin’s design, such as scalability, transaction speed, and privacy concerns. Various altcoins aim to provide tailored solutions and innovative features. While Bitcoin remains at the forefront, certain altcoins have contributed to the…

The narrative that early Bitcoin investors indulged in extravagant luxuries like Lamborghinis is shifting. Recent research suggests crypto millionaires are now channeling their newfound wealth into real estate investments, indicating a more mature spending pattern. Bitcoin Millionaires Are Maturing According to a study involving researchers from esteemed institutions like Brigham Young, Northwestern, and Imperial College London, the increase in crypto wealth has notably influenced the American real estate market. Their analysis, presented to the Federal Deposit Insurance Corp., used data…