Bitcoin

Bitcoin (BTC) has returned to a resistance band stretching from $58,000 to $59,000. This horizontal resistance level is the key for Bitcoin to go higher. Can the number one cryptocurrency battle through, or will it be rejected? Positive CPI data bolsters case for rate cuts Bitcoin is no doubt influenced by the ebb and flow of the world economies. In the U.S., the year-on-year CPI inflation data came in low at 2.5%, which is just a 0.2% increase for the…

CleanSpark purchased 7 new mining facilities in East Tennessee, consolidating operations in a new region. These investments come at a difficult time for Bitcoin miners. The company hopes to close some facilities before the end of the month to carry out upgrades for a long-term plan. Tennessee’s Mining Hub On September 11, Bitcoin miner CleanSpark announced that it would acquire seven new mining facilities in East Tennessee. CleanSpark is a low-carbon mining firm that primarily uses renewable electricity to power…

The post Bitcoin News Today : Will Miner Sell-Off Trigger BTC Price Crash Amid U.S. Interest Rate Cuts? appeared first on Coinpedia Fintech News Bitcoin (BTC) miners play a fundamental role in securing the network and also producing new coins. Since the fourth Bitcoin halving earlier this year, BTC miners have been readjusting their operations to match the rising difficulty. Moreover, the Bitcoin block reward declined from 6.25 coins to about 3.125 units every ten minutes, thus making it difficult…

The post Altcoins to Watch Before Bitcoin Enters Q4 appeared first on Coinpedia Fintech News The market is closely watching the CPI data and hoping for a possible rate cut by the Federal Reserve. Rate cuts are expected, especially with elections coming up, and historically, Bitcoin tends to rise towards the end of the year (October to December). On Crypto Banter’s The Sniper Trading Show, the analyst said that  if Bitcoin moves up, it could target higher levels like $65K…

The post Bitcoin Price Prediction: Key Levels, Upcoming Movements And Trends Explained appeared first on Coinpedia Fintech News A slowdown in Bitcoin’s bullish momentum is expected in the coming days. Bitcoin is retesting a critical area on its price chart and recently, it confirmed a breakout, which provided some short-term bullish momentum. According to analyst Josh of Crypto World, Bitcoin remains within a larger bearish trend. However, there has been a short-term bounce from a key support level around $52,500.…

The post Bitcoin Price Falls Following US Elections Debate But Pepe Unchained Presale Continues to Show Bullish Momentum appeared first on Coinpedia Fintech News Traders don’t know if they’re coming or going amid volatile market conditions, but the Pepe Unchained ($PEPU) is continuing to show bullish momentum. The short-term outlook for financial markets is convoluted. Uncertainty about the upcoming U.S. elections, anticipation for interest rate cuts, and concerns about a potential economic slowdown are all colliding. Yet, Pepe Unchained continues…

Bitcoin might be stuck in a downtrend, but fundamental analysis suggests it is in a healthy position. According to a recent analysis by crypto analyst Kaleo, Bitcoin is currently putting up healthier dynamics than it did in the previous halving cycle. This intriguing outlook for Bitcoin comes amidst the cryptocurrency’s struggle to stand firm above $54,000 and break above $57,000. Bitcoin Is In A Healthier Place Kaleo’s Bitcoin analysis, which was posted on social media platform X, compared the current…

The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the metric typically used to assess the inflation rate in the country, came in according to expectations at 0.2% month-over-month (MoM), and 2.5% year-over-year (YoY) for August 2024. However, core CPI (MoM) printed 0.3%, slightly higher than the 0.2% forecasted…

Bitcoin (BTC) crashed over 6% in the past month. That left other altcoins tumbling in double digits in the same span. Amidst the crippling crypto crash, investors are avidly hunting for the next 100x crypto. The AI-backed MemeFi token Raboo ($RABT) integrates SocialFi and artificial intelligence to foster an engaged and vibrant community where meme enthusiasts can engage in fun meme activities. Let's find out why analysts believe Raboo is the next 100x crypto in the meme coins space that…