Bitcoin

Bitcoin has once again surged past the critical $60,000 threshold, signaling a potential shift in market sentiment as selling pressure appears to be subsiding. This development follows a period of volatility, where Bitcoin experienced a significant dip, but data from CoinMarketCap now shows that the cryptocurrency has made a remarkable 15% rebound. Bitcoin hit a low of $52,590 on September 6, which triggered widespread concern among traders and investors. However, the recent recovery has helped alleviate the extreme fear gripping…

The price of Bitcoin (BTC) ended the week on a good note after making a late rally on Friday, September 13. This recent price upswing has led to talks about the Bitcoin price making a comeback following a horrendous start to September. Interestingly, the latest on-chain data suggests that the ongoing price recovery might not exactly be what it looks like. So, what then is happening with the price of Bitcoin? Declining Volume Suggests Bitcoin Price Is Still In Downtrend…

Bitcoin’s price drop has caused declines throughout the crypto market. Projects like BNB and Pepe have crashed overnight, with Bitcoin outflows surging. However, analysts believe a new Solana-based meme coin could offer an alternative. Angry Pepe Fork has seen significant returns during its presale, and analysts believe its price could soar a massive 200% during its presale. Here’s why. Is Angry Pepe Fork The Next Big Solana Meme Coin? Angry Pepe Fork is taking the meme market by storm. While…

The closure of a Bitcoin mining operation in Hadsel, Norway, could reportedly lead to an estimated 20% increase in household electricity costs. According to a report by the Norwegian Broadcasting Corporation (NRK), the Stokmarknes Datasenter Bitcoin mining facility ceased operations after Hadsel’s authorities refused to renew the company’s temporary permit. Norwegian City Learns The Importance of Bitcoin Mining The municipality initially granted the permit three years ago, but residents’ complaints about noise from the cooling fans led to its non-renewal.…

Bitcoin gained by over 10% in the past week as it reclaimed the $60,000 price mark on Friday. Following an initially negative performance in September, this recent price rise by the crypto market leader has elicited much positive sentiments from investors.  However, a Cryptoquant analyst with the username CRYPTOHELL reports that this bullish momentum is being challenged by opposite forces driving the BTC market to a crossroads. Bitcoin Market Forces At A Standstill – What Next? In a Quicktake post…

Crypto analyst Jelle has highlighted a bullish pattern that has been forming on the Bitcoin chart for the last three years. The analyst suggested that it could soon be time for the pattern to play out, with a price target of $100,000 and above in sight if it does.  3-Year Cup And Handle Pattern Could Soon Play Out For Bitcoin In an X (formerly Twitter) post, Jelle stated that it shouldn’t be long before the 3-year cup and handle pattern…

The wider cryptocurrency market has seen an inflow of activity in altcoins as Bitcoin (BTC) and Ethereum ( ETH) struggle recently, especially following the underperformance of pro-crypto candidate Donald Trump in a recent debate. Many investors are now looking towards promising cryptocurrencies, including Rexas Finance (RXS), Toncoin (TONNE), and Avalanche (AVAX), as possible keys to unlock new prospects after the Crypto Fear and Greed Index dropped to 31, signifying notable fear. Why Whales are Leaving Bitcoin Long regarded as the…

Bitcoin has hit the $60,000 price mark, recovering a price level last seen since August 29. Based on data from CoinMarketCap, The crypto market leader moved by 3.98% on Friday, capping off a rather impressive weekly performance. Commenting on this price gain, prominent blockchain analytics company Santiment has provided insight into shifting market dynamics that may result in a sustained price rally for Bitcoin and other cryptocurrencies. Bitcoin Accumulation, Exchange Outflow Signal Bullish Sentiment  In an X post on Friday,…

The crypto market has recently seen some ups and downs, with Bitcoin facing many fluctuations. According to a recent post by a CryptoQuant analyst known as ‘Kripto Mevsimi,’ the Bitcoin Market Value to Realized Value (MVRV) ratio has dipped below its 365-day moving average. This specific indicator often identifies potential market bottoms and zones where recovery could begin. While the drop in MVRV could suggest an “opportunity for long-term investors,” the analyst warns that caution is needed. Bitcoin Will Recover…