Bitcoin

The post Bitcoin (BTC) Price Might Drop Below $50K Level: Here’s Why appeared first on Coinpedia Fintech News Cryptocurrency analyst Dylan took to the channel Crypto Banter and opened up about Bitcoin, which is trading above the $62k level, which according to him is a positive sign after a tough week. There’s also excitement about Ethereum’s strength and potential moves in its ecosystem. He reminded viewers to stay engaged because a lot is happening, including news about a Hong Kong…

Bitcoin price struggled to settle above the $65,000 zone. BTC is again moving lower and there is a risk of more downsides below $62,000. Bitcoin started another decline after it failed to surpass the $64,000 resistance zone. The price is trading below $64,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $63,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if…

More than 45,000 over-leveraged traders have been liquidated in the past 24 hours as the cryptocurrency market turned red again. Some of the biggest daily losers come from the ever-volatile meme coin industry, with BONK, PEPE, and FLOKI leading the adverse trend. Bitcoin/Price/Chart. Source: TradingView CryptoPotato reported the substantial gains charted by most larger-cap cryptocurrencies yesterday, with bitcoin jumping above $64,000 a couple of times. However, the asset failed to overcome that level decisively and the bears have reemerged since…

Recent analyses from leading cryptocurrency experts suggest that Bitcoin, currently oscillating between $63,000 and $61,000, could be poised for a significant downturn. These analysts warn about a potential market top that could result in an aggressive price correction. Why Bitcoin May Crash to $42,000 Technical analyst DonAlt expresses concerns about the $63,000 – $61,000 support price range’s recurring tests, which could weaken. “Bitcoin is back to the same old level between $63,000 and $61,000. The more often it’s tested the…

BlackRock’s Bitcoin ETF experienced three consecutive days without any new investments. This starkly contrasts other Bitcoin ETF investment products, which saw significant outflows totaling $328 million. The iShares Bitcoin Trust (IBIT) had enjoyed a streak of 71 days with continuous inflows before this recent trend of no new investments. Explaining BlackRock’s Zero Inflows Due to the current zero flow trend, some community members have interpreted it as indicative of diminishing investor interest in Bitcoin. However, Bloomberg ETF analyst James Seyffart…

Crypto analyst Bixley has predicted a potential rally to $55 if Polygon breaks out of a trend line. Analysts have forecasted the price of Bitcoin to soar to $85k in the coming weeks. NuggetRush has been tagged as one of the top new crypto to invest in for 100x gains.  Given its impressive recovery after the Bitcoin halving, experts are predicting that the price of BTC could jump to $85,000 very soon. Meanwhile, Bixley, a crypto analyst, has forecast that…

The Bitcoin network has witnessed a surge in trading activity in the days after the halving, as shown by on-chain data. Although the just concluded halving brought a lot of attention to Bitcoin, the recent surge in trading activity can be attributed to something else. According to data from on-chain analytics platform IntoTheBlock, the number of daily BTC transactions has grown rapidly in the past few days to reach a new high of 927,000 thanks to a new token standard…

Investing in cryptocurrencies often centers around the big names, but savvy investors are looking beyond the usual leader. In 2024, with the bull run well underway, there are several contenders poised to potentially outshine the market giant, offering exciting opportunities. This article dives into what these cryptos are and why they stand out in the current market, providing insights for those eager to diversify their portfolios and tap into emerging trends. CYBRO Presale: Meet the First-Ever Earn Marketplace on Blast…

Binance’s dominance in Bitcoin trading outside the U.S. is dwindling as offshore exchanges expand their reach and regulatory landscapes evolve, reshaping the competitive dynamics of the digital asset industry. According to data from Kaiko, Binance, once dominating Bitcoin trading markets outside the U.S., has witnessed a decline in its share of BTC trading over the past year, dropping from 81.3% to 55.3%. Binance Loses Global Market Share Similarly, Binance’s proportion fell from 58% to 50.5% for smaller tokens and altcoins.…