Bitcoin

Some analysts were frightened by the recent drop in Bitcoin prices. Though the coin is showing signs of strength, multiple leveraged longs were liquidated early this week. In a post on X, one analyst thinks Bitcoin might have just found support, bottoming up after the contraction this week, pushing it lower from the multi-week range established in mid-March through to the better part of April.  Bitcoin Retracement Is Deeper And Took Longer: Bottom In? Expressing confidence, the analyst cited a historical pattern.…

The financial sector is seeing a significant shift as pension funds begin exploring crypto investments. This trend is driven by the recent approval of spot Bitcoin exchange-traded funds (ETFs). Fidelity Investments recently introduced a Bitcoin ETF that has attracted substantial institutional investors’ attention. Rising Institutional Interest in Bitcoin Manuel Nordeste, Vice President of Digital Assets at Fidelity, spoke about the rising interest that institutions have shown toward cryptocurrency-based financial products. “Now, we’re starting to have conversations with the larger, real…

23.000 Bitcoin options with a notional value of $1.4 billion are close to expiration today amid an extension of the broad market bearishness. According to the data, 334,248 Ether contracts with a notional value of $1 billion may also expire after the disappointing performance of the Hong Kong ETF. Bitcoin (BTC) price made a marginal upward reversal of 1.8% in the last 24 hours after falling below the $60K price zone to reach $58K. Additionally, the monthly and year-to-date performance…

The post Bitcoin Price Jumps Above $62K As US Jobs Data Boosts Rate Cut Expectation! Here’s What To Expect Next appeared first on Coinpedia Fintech News Bitcoin’s price surged toward $62,000 shortly after the U.S. government released its Nonfarm Payrolls report. The report, issued earlier today, indicated an unemployment rate for April of 3.9%, slightly above the anticipated 3.8%. This higher unemployment rate suggests that the Federal Reserve might lower interest rates, which typically boosts the appeal of riskier assets…

The post Jack Dorsey’s Block To Add In More Bitcoin; Reveals BTC Blueprint appeared first on Coinpedia Fintech News Block, led by CEO Jack Dorsey in April began using 10% of its gross Bitcoin profits to accumulate more BTC and continue this for the rest of the months in 2024. With $80 million gross BTC profits in the first quarter, if the profit level continued throughout the year, it could add $24 million worth of BTC to its balance sheet,…

Crypto analyst DonAlt has listed four altcoins he will buy once he believes that Bitcoin’s price has bottomed. The analyst further provided insights into why he is particularly bullish on these altcoins.  Ethereum Is Number One On The Altcoins List DonAlt mentioned in an X (formerly Twitter) post that he will buy “ETH, DOGE, LTC, and maybe PEPE” whenever he believes BTC has bottomed. In a video posted on his YouTube channel, he gave insights into why he was bullish…

Leading international cross border bank, Standard Chartered has predicted steep price declines for Bitcoin, foreseeing a pessimistic future outlook for the pioneer cryptocurrency amidst broader market downturn. Bitcoin Could Plummet To $50,000 As of writing the price of Bitcoin is trading above $59,000, according to CoinMarketCap. The cryptocurrency has been experiencing massive price drops after the Bitcoin halving on April 20, 2024, further exacerbated by the Federal Reserve’s (FED) decision to keep interest rates unchanged during the Federal Open Market…

MilkyBull, a well-known personality in the world of cryptocurrency analysis, has drawn attention lately for his analysis of Bitcoin’s price trajectory and his prediction of a situation that might cause more fear in the market. MilkyBull’s analysis delves into the subtleties of Bitcoin’s movement, identifying patterns and trends that could have a big impact on investor mood.  Bitcoin Triggering Anxiety In The Market According to the analyst, the market will get even more fearful of the Bitcoin price path before…

Logos, a decentralized technology stack that has positioned itself for building self-sovereign virtual territories, inscribed the largest ever Bitcoin block on May 2nd, at 8:34 AM GMT+1. In a press release shared with CryptoDaily, Logos confirmed that the inscription will be followed by an Ordinals collection released later this year. This milestone follows closely on the heels of the previous record-breaking block of 3.969 MB, which was inscribed on April 19th, 2024 on a standard sat. Logos' inscription of its…