Bitcoin

Crypto analyst Ali Martinez has provided insights into why $59,800 is a crucial price level for the Bitcoin future trajectory. The analyst revealed two things that could happen if the flagship crypto drops that low.  Why $59,800 Is An Important Level For Bitcoin Martinez mentioned in an X (formerly Twitter) post that the Bitcoin short-term holder’s (STH) realized price is at $59,800. He added that BTC historically often bounces off this level during an uptrend, which would mean that the…

An analyst has explained what path Bitcoin might need to follow to surge to a new all-time high (ATH) target of $92,190. Bitcoin Needs To Breach This Resistance Barrier To Rise To New ATH In a new thread on X, analyst Ali discussed whether the BTC price has hit the top. The one signal the analyst has pointed out that may point towards the top has been the massive scale of profit-taking that the market has seen recently. Ali is…

Lark Davis, a well-known cryptocurrency analyst and trader, has identified several significant developments in the Bitcoin ecosystem that could trigger an even more intense bull cycle than initially anticipated. Davis’s perspective delves into the revolutionary changes in the Bitcoin ecosystem, such as institutional and global acceptance, which hold the potential to accelerate the current bull market. According to the analyst, there is about to be a big shock to the Bitcoin supply. This is a result of miners now being able…

Coinbase has integrated the Bitcoin Lightning Network, marking a pivotal shift towards faster and more economical BTC payments. This integration caters specifically to the growing demand for efficient financial transactions. Indeed, it significantly reduces the time and cost associated with Bitcoin transfers. Coinbase Enables Bitcoin Lightning Network Recently, transaction fees on the Bitcoin network surged to record levels, with fees for medium-priority transactions exceeding $146 and those for high-priority transactions climbing to $170. Although the situation has normalized, with transaction…

The post Bitcoin Price Dips: Is the Crypto Bull Rally Over? Experts Weigh In appeared first on Coinpedia Fintech News The crypto market hit a rough patch over the weekend, with Bitcoin leading the downward spiral by dropping 5.6% to around $62,500. This fall came after a period of stability, where Bitcoin hovered near $62,243 throughout the week. Alongside Bitcoin, other major players like Ethereum, Solana, and XRP also saw declines, signaling a broader trend of downturn. The total market…

Extreme nervousness is permeating the crypto market. The monthly close is later today and if $BTC closes under $61,000, there could be a lot more pain to come as bitcoin falls off of the cliff edge. $BTC perilous monthly close The crypto market is almost totally swathed in red. Bitcoin is heading down once again, and this time there may be no stopping it. Currently down at around $61,700, $BTC only needs to lose another few hundred dollars for the…

NEW YORK, United States, April 30th, 2024, Chainwire The first major contemporary artist to adopt the Bitcoin blockchain LiveArt proudly unveils Human by Yue Minjun, the first-ever Ordinals collection from a contemporary art giant. This pioneering collection of 1,200 unique digital masterpieces on the Bitcoin blockchain chronicles the pivotal moments defining our digital age. With over $150 million in physical and digital art sales, Yue Minjun's iconic laughter echoes louder than ever. “Bitcoin blockchain has the credibility and permanence that…

Jameson Lopp, co-founder of self-custody solution Casa, recently made a bold move that stirred the Bitcoin community. Lopp conducted a “griefing attack” on one of Bitcoin’s testnets. The disruption caused significant difficulties for developers relying on the testnet’s stability to test new applications. The incident, which played out last week, saw the generation of over 165,000 blocks. This amount is approximately equivalent to three years of activity. Moreover, Lopp claimed that he executed his action with just 20 lines of…

Since the US Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs) on January 11, 2024, the crypto market has experienced a significant recovery. This culminated on March 14, 2024, when Bitcoin (BTC) reached a new all-time high (ATH) of $73,737. This uptrend isn’t confined to the US alone. Hong Kong just launched its spot Bitcoin and Ethereum ETFs, while Australia is preparing to launch its own versions of spot Bitcoin ETFs. The global enthusiasm mirrors the community’s…