Bitcoin

After a few days of hovering above $66,000, bitcoin (BTC) has dropped to a low of $63,500 amid heightened volatility. Coincidentally (or not), the amount of outflows from the United States spot Bitcoin exchange-traded funds (ETF) market on April 24 hit $120 million. BTC Plunges by 4.5% Data from CoinMarketCap shows that BTC lost roughly 4.5% of its value within a few hours, plummeting from $66,700 to $63,500. Although the leading cryptocurrency had recovered slightly by the time of writing…

TL;DR Bitcoin (BTC) rose significantly post-halving, hitting $67K, but recently dropped to $64,000. Future projections suggest a potential rise to $150,000 by end of 2024. Ripple is currently in a trial phase with the SEC over XRP’s security classification, resisting a $2 billion fine and arguing for a maximum of $10 million. One popular attorney envisioned a potential settlement around $100 million to be reached this summer. Despite a recent 8% price drop, SHIB’s market indicators, like low exchange reserves…

The post Altcoin Season Begins! How The Bitcoin Halving Might Affect Solana, XRP, and New Crypto Raboo appeared first on Coinpedia Fintech News A renewed interest in altcoins is taking hold and impacting established platforms like Solana and XRP, as well as exciting new crypto entries like Raboo–priced at $0.0036 in its presale. Each of these cryptocurrencies brings unique innovations and challenges to the table, making them key altcoins to watch. This season promises to highlight the potential of these…

The post Bitcoin Halving Aftermath: 3 Altcoins Primed for 100x Gains appeared first on Coinpedia Fintech News As the crypto market undergoes shifts in sentiment and focus post-Bitcoin halving, analyst Altcoin Buzz took to his latest analysis and listed three potential projects. Explaining the importance of narratives in investment strategies, the analyst spoke about the relevance of the artificial intelligence (AI) narrative. Positioned as an integral part of the evolving crypto landscape, AI-focused projects are attracting attention. His top three…

Bitcoin price failed to clear the $67,000 resistance. BTC trimmed gains and is now struggling to stay above the $63,650 support zone. Bitcoin started another decline after it failed to surpass the $67,200 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but…

On-chain data shows that the Bitcoin whales’ holdings have grown to 25.16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the start of the year. The indicator of interest here is the “Supply Distribution,” which keeps track of the percentage of the total circulating Bitcoin supply…

While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high.  More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has been dormant. On-chain data indicates that coins held for 3 to 5 years have changed hands and moved to new owners.  While there was movement,…

Standard Chartered Bank analyst and head of digital assets research, Geoff Kendrick, believes bitcoin (BTC) will likely trend higher following the halving due to lower leveraged positions in the market. Speaking to BNN Bloomberg during an interview over the weekend, Kendrick said the current market environment, which has lower leverage, could propel the value of BTC upwards toward Standard Chartered’s end-of-year price target of $150,000. A Lower Leveraged Market The week preceding the Bitcoin halving weekend ended with the crypto…

The El Salvador Bitcoin Chivo Wallet has fallen prey to a notorious hacking group. Despite this, El Salvador remains committed to its Bitcoin strategy with a recent Diploma integration in schools. The Chivo Wallet, an official Bitcoin wallet for El Salvador’s nationals, has fallen under a security breach. The attack spearheaded by a group of hackers known as CiberInteligenciaSV has resulted in the exposure of the source code and VPN of the Chivo Wallet. The Attack on Chivo Wallet The…