Bitcoin

Bitcoin has finally broken below the $60,000 support level for the first time in two months. The world’s largest digital asset has largely been in a euphoria phase since the beginning of the year, particularly after the launch of Spot Bitcoin ETFs in the US market. However, the current consolidation of the price of Bitcoin indicates the euphoria might be fading. According to a new report from Glassnode, an on-chain analytics firm, the euphoria surrounding Bitcoin, which has been active…

In the face of a general market decline and pessimism, Captain Faibik, a cryptocurrency expert and enthusiast, has emerged with an optimistic outlook for Bitcoin (BTC) foreseeable future trajectory, predicting that the crypto asset could rise to a new all-time high before this current month closes.  Bitcoin To Reach New All-Time High In May Faibik’s analysis, which is based on his in-depth knowledge of cryptocurrency dynamics and a sharp eye for market trends, explores the possibility of a large short-term…

Data shows that Bitcoin sentiment has cooled off to neutral from greed following the asset’s latest plunge to the $57,000 level. Bitcoin Fear & Greed Index Has Returned To Neutral Levels The “Fear & Greed Index” is an indicator created by Alternative that shows the average sentiment among investors in the Bitcoin and wider cryptocurrency market. This index estimates sentiment by considering five factors: volatility, trading volume, social media data, market cap dominance, and Google Trends. The metric uses a…

As Bitcoin prices continue to face intense volatility after the halving, the stability of the entire crypto-mining industry could hinge on a critical support level.  Currently trading around $57,000, Bitcoin has experienced a significant drop from its March 14 all-time high of $73,750. This downturn places immense pressure on Bitcoin miners, who grapple with the effects of the latest halving event that reduced block rewards from 6.25 BTC to 3.125 BTC. Will Bitcoin Miners Capitulate Following the Halving? Despite these…

99Bitcoins token, a new BRC20 cryptocurrency launched by the 99Bitcoins news outlet, has garnered tremendous momentum in the opening days of its presale. So much so that investors have sunk almost $1 million into the ICO so far, and a prominent market analyst has hailed it as one of the most promising cryptocurrencies. Traders can currently buy 99Bitcoins token at presale for $0.00103, but this price will rise throughout the campaign with the next uptick in six days or when…

“Bitcoin Jesus” has been arrested in Spain for causing a loss of at least $48 million to the IRS in an alleged deliberate action to file false tax returns.  With the US authorities expected to seek his extradition to stand trials in the United States, the crypto community reacts as they suspect dislike for his ideology.  Roger Ver, popularly referred to as “Bitcoin Jesus” has found himself in the grips of the Spanish authorities over multiple US criminal charges including…

The post Bitcoin Price Dips Below $58k for the first time in 60 Days appeared first on Coinpedia Fintech News The BTC chart is depicting consistent downswings and dips which has now dipped below $58,000 for the first time in 60 days. This has added to the slowing market demand since the recent halving. The Long-term investors’ bearish activity has been the major reason for the price drop. Also, with BTC now trading at its lowest in 60 days, bull…

The post Bitcoin Price Might Drop To This Level Before Initiating Bull Run appeared first on Coinpedia Fintech News As Bitcoin and the overall cryptocurrency market continues to experience a bearish trend, renowned technical analyst Titan of Crypto has told us to expect more downturn for BTC throughout this month. At the time of writing, Bitcoin was barely holding onto $57,000. Titan of Crypto doesn’t see a reversal in price action anytime soon. He expects the price to double to…

The post Bitcoin Struggles at $60,000 and Ethereum at $3000, Here’s Why Experts Are Keen on New Algo Token O2T appeared first on Coinpedia Fintech News In the world of cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) are currently experiencing stagnation at major price points of $60,000 and $3000 respectively. This has led many investors and market analysts to look beyond the conventional giants to more dynamic and potentially lucrative opportunities. One such emerging star is Option2Trade (O2T), an Algo token…