Bitcoin

MicroStrategy, a business intelligence firm, has intensified its investment in Bitcoin by purchasing an additional 122 BTC this April. The company solidifies its position as a major stakeholder in the digital asset market. MicroStrategy Continues Bitcoin Shopping This acquisition, totaling $7.8 million, increases MicroStrategy’s holdings to a substantial 214,400 BTC, now valued at over $15.2 billion. Since its initial $250 million investment in August 2020, MicroStrategy has consistently expanded its Bitcoin portfolio. It has strategically accumulated about 1% of the…

Analysts at crypto exchange Bitfinex say several on-chain metrics are flashing the buy signal for bitcoin (BTC), indicating a potentially attractive entry point for market participants. According to the latest Bitfinex Alpha report, the Market Value to Realized Value (MVRV) measure and the open interest (OI) weighted funding rate, which shows the cost of holding bitcoin futures positions, signal an advantageous buying opportunity for BTC investors. An Attractive Entry Point for BTC Investors The MVRV indicator, which plays a crucial…

Even the Hong Kong-based Bitcoin and Ethereum ETFs can’t shake off the negative sentiment in the crypto market, as the primary cryptocurrency dropped back down to around $62,000. Aside from CRO, which has jumped by about 5%, the rest of the larger-cap alts are either in the red or with insignificant gains. BTC Fails at $65K Bitcoin had a more positive start to the previous business week, as it jumped to over $67,000 on a few occasions. However, it didn’t…

Business intelligence company MicroStrategy continues to increase its bitcoin stash, with a recent purchase of 122 BTC for nearly $8 million. In 2024 alone, the NASDAQ-listed giant has bought over 25,000 BTC. The company, which continues to remain the world’s largest corporate holder of Bitcoin, also reported a net loss and a decline in revenue in the first quarter of 2024. In April, @MicroStrategy acquired an additional 122 BTC for $7.8 million and now holds 214,400 BTC. Please join us…

The post Bitcoin Price Prediction 2024: Experts Forecast appeared first on Coinpedia Fintech News Bitcoin, the pioneer of cryptocurrency, has undergone a remarkable journey since its inception. Since its beginning, Bitcoin has experienced significant price swings, attracting attention from individual traders, major investors, and the public.  Bitcoin’s price can surge notably due to increased adoption, its limited supply, and the growing interest from institutional investors. Several experts in the field, both individual and institutional, are bullish on the price of…

The post Why Bitcoin Price Was Down In April Month? What Next For BTC Price? appeared first on Coinpedia Fintech News Bitcoin and the broader cryptocurrency market faced a downturn on Monday, driven by anticipation of a significant Federal Reserve meeting later this week.  As investors speculated about the meeting’s implications, the potential for a longer period of higher interest rates created uncertainty, leading to a sell-off. Bitcoin fell to a one-week low of $61,928 in early trading before recovering…

Bitcoin price found support at $61,800 and recovered higher. BTC jumped to $64,500 and is currently consolidating gains above $63,500. Bitcoin started another increase after it found support near the $61,800 zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $63,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $63,200 support zone…

The eagerly anticipated Hong Kong Bitcoin ETF market is scheduled to commence trading on Tuesday, marking a significant milestone in the increasing adoption of the leading cryptocurrency and building upon the success of the US ETF market.  With their approval, the newly regulated index funds are poised for a noteworthy debut, surpassing the first-day inflows in the United States. HK Bitcoin ETF Market Poised For Record-Breaking Debut Zhu Haokang, the Digital Asset Management Supervisor and Family Wealth Supervisor at Warsaw…

On-chain data suggests Bitcoin has recently experienced an influx of investors while Dogecoin, Cardano, and other altcoins have seen a slowdown. Bitcoin Total Amount Of Holders Rise While Altcoins See Flat Movement According to data from the on-chain analytics firm Santiment, the number of Bitcoin investors has sharply increased recently. The on-chain metric of interest here is the “Total Amount of Holders,” which keeps track of the total number of addresses on a given network carrying some non-zero balance. When…