Bitcoin

The post BTC Price Continues to Trade Within Narrow Range: Here’s Why There Is No Growth After the Bitcoin Halving appeared first on Coinpedia Fintech News Crypto markets are super volatile at the moment. Although the prices of the popular tokens remain within a descending trend, the likelihood of a fine upswing continues to hold upright. The start of the year was extremely bullish, as the markets were screaming for more upside. Further, two months down the line, the altcoins…

The post Bitcoin, Ethereum, And XRP Price Prediction: A Bullish Rebound This Week? appeared first on Coinpedia Fintech News After recording a bloodbath in the cross-border markets, the cryptocurrency industry has displayed a sign of relief by adding more than $230 Billion in its valuation within the past four days, indicating an increase in the inflow within the crypto space. Furthermore, top altcoins have displayed a successful bullish reversal in their respective portfolios by adding significant value since the week…

Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his thoughts on the current Bitcoin price action. He stated that the flagship crypto has hit a local low and predicted what its future trajectory will look like.  Hayes Says Bitcoin Has Bottomed  In a recent blog post, Hayes mentioned that Bitcoin hit a local low when it dropped to around $58,600 earlier this week. As such, he doesn’t foresee the flagship crypto dropping below that price range again…

2024 is well underway, and the cryptocurrency landscape is brimming with possibilities and innovative projects that will redefine traditional (crypto) investment norms. Memecoins emerged as the overwhelming profit-making opportunities delivering explosive returns eclipsing Bitcoin.  This is the year of the memecoin. Innovative memecoin projects have stepped into the spotlight, delivering incredible returns and managing to foster hope and optimism for the future crypto market. In light of the memecoin success, many are begging the question: Could memecoins outshine Bitcoin in…

Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has decided to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. Speaking to shareholders in a Q1 2024 earnings report, Dorsey outlined several reasons for the decision, addressing investors’ concerns about why Block is so focused on the largest cryptocurrency. Block to Invest in Bitcoin Monthly Dorsey explained that bitcoin is the best and only candidate for a decentralized open protocol for money, which the…

Bitcoin’s price has been going through some major moves throughout the past couple of weeks. The bulls are fighting to reestablish their dominance, staging a convincing recovery above $60K. But will it last? Technical Analysis By TradingRage The Daily Chart The price has been oscillating inside a descending channel on the daily chart for the past couple of months. The channel was briefly broken to the downside a few days ago. However, BTC quickly rebounded and climbed back inside the…

TL;DR Bitcoin’s price dipped recently but has begun to recover, raising hopes for a potential rally in May. Favorable regulations and increased institutional adoption could fuel a significant BTC price rally (according to ChatGPT). What Are the Odds of a BTC Rally in May? Despite the promising start of the year and the surge to an all-time high price in March, Bitcoin’s progress stalled in April. The primary cryptocurrency did not start May on the right foot, declining to $56,800…

Bitcoin’s price spiked after the US jobs report was dismal, suggesting that the Federal Reserve would be easing. As interest in US Bitcoin ETFs grows internationally, Grayscale’s Bitcoin ETF sees inflows for the first time in 77 days. Today, investors in Bitcoin (BTC) saw a sharp rise in the value of the cryptocurrency, which surged to $63,261.61—a 6.63% increase in only one day. Given that Bitcoin’s price also increased somewhat by 0.60% during the previous week, indicating a tentative reversal…

The post Bitcoin Enters Phase 2 of Bull Run Says Top Crypto Analyst – Here’s What To Expect Now? appeared first on Coinpedia Fintech News After weeks of correction, the price of Bitcoin has surged back above $64,000 today, marking a significant rebound for the leading cryptocurrency. This resurgence has come at a cost for short sellers, who saw over $150 million worth of their positions liquidated in just 24 hours. However, crypto analyst Titan of Crypto has declared that…