Bitcoin

Bitcoin price found support near the $56,350 zone. BTC is recovering higher, but the bears might be active near the $60,000 resistance zone. Bitcoin is attempting a recovery wave from the $56,350 support zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $57,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the…

An analyst has pointed out how Bitcoin recently closed below a historically important on-chain level, a failure to reclaim which could spell trouble for BTC. Bitcoin Fell Below Short-Term Holder Cost Basis In Latest Crash In a new post on X, Maartunn discussed BTC’s recent close below the realized price of the short-term holders and stressed its importance in reclamation. The “realized price” here refers to an on-chain indicator that tracks the price at which the average investor on the…

In the early morning of today’s Asia time, Jack Dorsey, CEO of Block Inc., revealed the company’s latest plan. Dorsey stated that it intends to purchase Bitcoin (BTC) monthly, utilizing the dollar-cost averaging (DCA) method. This move highlights Block’s commitment to integrating Bitcoin into its financial strategy. Moreover, it also emphasizes Dorsey’s position as a prominent “Bitcoin maximalist.” Details of Block’s Bitcoin DCA Strategy Unveiled Dollar-cost averaging is an investment approach where the same dollar amount is invested in a…

As Bitcoin slumps, on-chain data by Ki Young Ju, the founder of the blockchain analytics platform CryptoQuant, paints a stark picture: all new whales, including holders of spot exchange-traded funds (ETFs), are now underwater.  New Whales And Spot ETF Investors Are In Red Taking to X, Ju said that more losses would be incoming, predicting that HODLers will find “max pain” at around $51,000. The dip is less than $10,000 from spot rates, suggesting that although there are cracks, the correction…

The crypto market is bouncing slightly on Thursday, although BTC remains below $60k.  Even bullish investors who believe Bitcoin will hit $100k this year are mentioning the possibility of BTC possibly dipping again to test $50k in the short term. In the altcoin market, new cryptocurrency Bitcoin Minetrix (BTCMTX) went live amid the Bitcoin price crash on April 30th although is also beginning to bounce and potentially recover after its token burn. Bitcoin, Crypto Prices Dip In the wake of…

Solana seems to be turning back the clock back to early 2023 when it would display explosive growth even as the rest of the crypto market struggled.  The Solana price has rallied 17% from its local bottom of $119, trading as high as $140 on Thursday. On the contrary, Bitcoin and Ethereum have bounced back up by just over 2% on the daily time frame.  Solana’s outperformance gives credence to the claims that it will remain the most bullish cryptocurrency…

The post 6 Best Free Bitcoin Cloud Mining Sites in 2024 -Earn profit through Bitcoin mining appeared first on Coinpedia Fintech News Cloud mining is a way of mining cryptocurrencies such as bitcoin using rented cloud computing power rather than installing and directly running the hardware and related software. Cloud mining companies allow people to open an account and remotely participate in the process of cryptocurrency mining for a small fee, making mining more accessible to people all over the…

The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed…

Cryptocurrency analyst Rekt Capital has come up with an intriguing narrative pointing to several trends in the current price action of Bitcoin that are similar to the price trends seen in the 2016 bull cycle, even as market sentiments continue to dwindle.  Bitcoin Trends Reiterating 2016 Pattern According to Rekt Capital, more than a month after the initial analysis, Bitcoin keeps demonstrating how much it closely resembles the cycle of 2016. Similar to 2016, Bitcoin has experienced further declines over…