Bitcoin

The post Hong Kong to Debut Bitcoin and Ethereum ETFs on April 30th : Signaling Growth in Asian Crypto Markets appeared first on Coinpedia Fintech News Hong Kong is gearing up to join the global financial hub offering cryptocurrency exchange-traded funds (ETFs), with the launch of spot Bitcoin and Ethereum ETFs slated for April 30th. According to the Bloomberg report, this move underscores the city’s ambition to position itself as a hub for digital assets, following in the steps of…

The post Altcoins Rebound as Bitcoin Gains Strength; TerraClassic (LUNA) & Terra (LUNA) Could Rise By 20% Soon appeared first on Coinpedia Fintech News The crypto markets are consolidating again as Bitcoin price failed to sustain above $67,000, displaying some weakness among the bulls. The selling pressure does not appear to have mounted, but without a rise in the buying volume, it may certainly be possible for the star crypto to sustain above the range. Now that the BTC price…

Bitcoin price climbed above the $66,000 resistance zone and started consolidation. BTC is now eyeing the next move above the $67,200 resistance zone. Bitcoin is eyeing a decent increase above the $67,200 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears…

Recent insights from Glassnode’s cofounders, shared under their X (formerly Twitter) account ‘Negentrophic’ have sparked interest in Bitcoin market dynamics, leading to a promising stabilization and possible price surge. Market Sentiments And EMA Trends With Bitcoin’s value recently wavering below the $70,000 mark, a detailed analysis from the cofounders suggests that a strong support level around the $62,000 50-day Exponential Moving Average (EMA) could set the stage for a significant rebound. This crucial support level indicates a strong buying sentiment,…

The highly anticipated Bitcoin halving event is finally complete. The halving, which only happens every four years, historically triggers market volatility, leading investors to search for an alternative that might flourish in the aftermath. One serious contender appeared in all the halving chaos: PawFury ($PAW), the P2E game undergoing massive presale success.  2024’s Bitcoin halving has been the focus of the crypto market to no end. The event, which takes place every four years, cuts Bitcoin mining rewards in half…

Samson Mow, the chief executive at Jan3, recently spoke to Forbes about the latest Bitcoin halving and its potential to catalyze what he refers to as the “Omega candles” – significant price movements that could elevate Bitcoin to the $1 million mark. According to Mow, halvings ensure a controlled distribution of Bitcoin, maintaining scarcity and value. The Mechanics Of Halving And Its Market Implications Samson Mow detailed in the interview with Forbes the mechanics behind Bitcoin halvings—a critical process built…

In a post on X, one analyst has picked out a key on-chain metric that could signal the beginning of a strong leg up, similar to the explosive gains 2017. Currently, Bitcoin prices remain steady and edging higher. However, the coin failed to register sharp upswings, as most traders had predicted before the Halving event on April 20. Flow Indicator Dips: A Bull Run In The Making? Taking to X, the analyst said there has been a sharp drop in the…

A historical pattern currently forming in a Bitcoin on-chain indicator could suggest that a top may be near for the asset, if not already in. Bitcoin SOPR Ratio Is Forming A Historical Top Pattern Right Now In a CryptoQuant Quicktake post, an analyst has discussed about a pattern regarding the SOPR Ratio. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether the Bitcoin investors are selling their coins at a profit or loss right now. When…

Jack Dorsey, CEO of Block, has announced the completion of an advanced Bitcoin mining chip, setting the stage for the launch of a comprehensive Bitcoin mining system. This development, achieved with a three-nanometer (nm) design, marks a pivotal moment in Block’s ambitious project aimed at decentralizing Bitcoin mining hardware supply and hashrate distribution. Jack Dorsey’s 3 NM Bitcoin Mining Chip Dorsey’s team has successfully completed a full tapeout of the design in collaboration with a leading global semiconductor foundry. This…