Bitcoin

Following the fourth Bitcoin Halving, Rekt Capital, a popular cryptocurrency trader and expert, has offered a compelling narrative on the future trajectory of Bitcoin, predicting that the crypto asset could peak this bull cycle in the following year. Rekt Capital’s analysis emphasizes on the possibility that this current cycle could reiterate past Halving cycle trends, positioning BTC for significant gains in the coming months. Bitcoin Could Mirror Past Halving Cycle According to the analyst, Bitcoin reached its all-time high within…

The Bitcoin price movement in the past few days after the halving event has left many investors wanting. Particularly, price data shows the crypto failed to settle above $65,000 las week. At the time of writing, Bitcoin is trading at $62,105, down by 2.96% and 6.14% in the past 24 hours and seven days, respectively.  According to a CryptoQuant analyst, Bitcoin’s Adjusted Spent Output Profit Ratio (aSOPR) is still looking bullish, which could be a faint signal of the crypto’s…

A Bitcoin miner defied the odds by independently solving a network block 841,286, which allowed them to acquire a full 3.125 BTC reward. The fourth Bitcoin halving took place on April 20 at block 840,000, reducing the block reward from 6.25 BTC to 3.125 BTC, which is currently valued at around $200,000. Bitcoin Miner Solves 282nd Solo Block On April 29, Con Kolivas, a software engineer and administrator from the solo mining pool ckpool, shared on X that a miner…

Following an extended sideways consolidation phase, Bitcoin underwent a downtrend, touching the significant support zone around $60K. However, expectations point towards a resurgence in buying pressure, potentially leading to a rebound. Technical Analysis By Shayan The Daily Chart A comprehensive review of the daily chart unveils an extended period of sideways consolidation within the pivotal price range of $60K to $72K, with the recent price action seeing a decline towards the lower boundary of this range. Currently, Bitcoin finds itself…

As the US economy moves into even more uncertain times, the Federal Reserve’s upcoming reaction to poor inflation data will take place at Wednesday’s FOMC meeting. Interest rates are expected to remain where they are. Where does this leave bitcoin? Fed between a rock and a hard place PCE, PPI, and CPI inflation data are all rising, meaning that the Federal Reserve’s tightrope walk has become even more difficult. If inflation is about to raise its ugly head once more,…

BlackRock is reportedly seeking a significant overhaul of its board of directors for its flagship spot Bitcoin ETF – IBIT. Effective November 6, 2024, Lindsey Haswell will step into a key role, succeeding Kimun Lee. Haswell currently holds the position of Chief Legal and Administrative Officer at Web3 payment company – MoonPay. BlackRock Appoints Haswell Amidst Three Consecutive Days of 0 Netflows Her extensive background includes similar roles at Blockchain.com and as a founding member of the Core blockchain. Hence,…

Bitcoin has fallen back to more than 15% down from its mid-March peak, dropping to a ten-day low of under $62,000 on Monday morning. On April 28, an analyst feed ‘Stockmoney Lizards’ noted that the halving was over, but bitcoin continues to print red candles. They said that we are not at the end of the bull market but added a gloomy prediction that what we see is a correction that could send prices back to the $50Ks before continuing:…

The post Bitcoin (BTC), Ethereum (ETH) and Solana(SOL) Price Prediction For This Week appeared first on Coinpedia Fintech News As a new week unfolds, fresh candlesticks ignite the ongoing scrutiny of Bitcoin’s price trajectory. Cryptocurrency analyst Crypto World has brought attention to major price shifts in Bitcoin and Ethereum, offering details into pivotal levels and emerging market signals. Starting with Bitcoin, Crypto World explained the importance of a recent retest of a crucial support level in the short term. Bitcoin’s…

The post Bitcoin, Ethereum and XRP Price Prediction: Bullish Crypto Week? appeared first on Coinpedia Fintech News With a mediocre performance by Bitcoin and major altcoins like Ethereum and XRP days after Bitcoin Halving, the crypto market is under stress. After experiencing a short but intense FUD sell-off wave, the top coins are close to a bullish pivot.  However, as the prominent market gurus expect the rate cuts delayed to December, the uptrend could struggle to gain momentum. Nevertheless, the price…