Bitcoin

In the last halving cycle, Dogecoin began surging seven months after the Bitcoin halving, hitting a new all-time one year after the event, a pattern some analysts believe could recur. Despite being purely speculative, meme coins continue attracting investors as they are viewed as fairer access points to crypto than VC-controlled major coins like Solana. The Bitcoin halving was a landmark event, and since then, analysts have been mapping out the price charts of the other cryptos in relation to…

The post Crypto Price Predictions: Price Targets for Bitcoin, Ethereum, and Altcoins Unveiled appeared first on Coinpedia Fintech News Armando Pantoja, a well-known figure in the cryptocurrency community, recently shared his bullish price targets for 11 cryptocurrencies over the next 12 to 18 months. His predictions cover a wide range of coins, including major players like Bitcoin and Ethereum and altcoins like SHIB and DOGE. The altcoin market is opening at a better prospect as Santiment reported that over 85%…

The post Japanese Investment Firm Metaplanet Announces Purchase of Bitcoin Worth ¥1 Billion appeared first on Coinpedia Fintech News Metaplanet seems to follow MicroStrategy’s footsteps after deciding to make Bitcoin its saving choice. In a recent disclosure, Japanese company Metaplanet Inc. has announced its purchase of ¥1 billion ($6.25 million) worth of Bitcoin. This move comes as the company strategically diversifies its investment portfolio and enters the cryptocurrency space. Today, we're thrilled to announce a groundbreaking shift in our financial…

The post Bitcoin ETFs Under Stress, Options Data Project Tough Recovery appeared first on Coinpedia Fintech News With the entire crypto market facing another crossroads, the post-Bitcoin Halving days in 2024 are witnessing an increase in volatility. As the bearish sentiments are slowly taking over the market, the sudden spikes in some altcoins reflect an underlying bullish stand.  As the general market anticipates Bitcoin price prediction of $100,000 in 2024, the 7D post-halving return shows minimal upside. This is because…

In a world constantly evolving through technology, a significant revolution is unfolding in the financial landscapes of emerging economies such as Nigeria and the UAE. The recent findings from Elastos' inaugural BIT Index highlight a pivotal shift: these nations are not just embracing Bitcoin, they are setting new benchmarks for its daily use and trust, far outpacing traditional financial systems. Bitcoin's Stronghold in Nigeria and the UAE According to the BIT Index, a remarkable 23% of Nigerians and 20% of…

TL;DR Some analysts point to potential bearish trends for Bitcoin, predicting a drop to as low as $59,000, suggesting the cryptocurrency has reached its cycle peak. Peter Schiff continues his critical stance on BTC, identifying $60,000 as a key resistance level and warning of a significant potential decline if this is not overcome. A Bearish Outlook Bitcoin’s price has been hovering around $64,000-$67,000 in the past few days, currently trading at the lower mark. While the majority of industry participants…

Despite the growing outflows from the US spot Bitcoin ETFs, the cryptocurrency’s price has remained relatively stable at just over $64,000. The altcoins are a lot less volatile today, with SHIB gaining around 3% while NEAR has pumped by 7% to well above $7. BTC Remains Above $64K Bitcoin faced enhanced volatility last week amid the growing geopolitical tension between Iran and Israel. The most substantial declines came last Friday, with a price drop to well below $60,000. Once that…

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

On-chain analytics firm Spot On Chain’s team of analysts, using Google Cloud’s Vertex artificial intelligence (AI), has conducted an in-depth analysis to forecast the future price of Bitcoin (BTC).  Their latest report provides valuable insights into the leading cryptocurrency’s short-, medium-, and long-term outlook. Bitcoin Price Forecasts According to Spot On Chain’s report, Bitcoin prices are expected to fluctuate between $56,000 and $70,000 during May, June, and July 2024.  This projected range indicates the potential for market volatility, with a…