Bitcoin

The Federal Reserve’s potential decision to cut interest rates by 50 basis points at its upcoming meeting could have unintended consequences for Bitcoin. While lower interest rates typically boost risk assets, such as cryptocurrencies, the scale of this cut could signal deeper economic concerns that might make investors more cautious. How Fed Rate Cuts Could Impact Bitcoin Historically, the Fed has favored smaller moves, typically opting for 25 bps adjustments. However, the possibility of a 50 bps cut has gained…

The post Bitcoin Spot ETFs Witnessed $1.2 B Massive Outflow! appeared first on Coinpedia Fintech News The U.S spot Bitcoin ETFs witnessed a heavy outflow of around $1.2 Billion in the last 8 days. From August 30 to September 6, investors pulled out ~$1.2 billion from the 12 spot BTC ETFs. This marks the longest streak of outflows since the ETFs were introduced in January 2024. These withdrawals coincided with Bitcoin’s Price decline. The BTC price dropped from $64,600 on…

Crypto analyst Daan Crypto has highlighted a Bitcoin Rainbow Chart, which has provided insights into the crypto’s current price action. The analyst also suggested that Bitcoin needs to hold above $60,000 to make a bullish reversal.   Bitcoin Needs To Break Above $60,000 In an X (formerly Twitter) post, Daan Crypto suggested that Bitcoin needs to break above $60,000 to enjoy a bullish reversal and possibly reach new highs in this market cycle. The crypto analyst noted that Bitcoin was still…

Macro indicators are suggesting that Bitcoin ($BTC) is either close to, or has found the bottom for this long correction, as it approaches six months of sideways and downwards price action.  A game of patience For those crypto investors who are new to the world of Bitcoin, the last few months must have been trying in the extreme. Many would perhaps have sold their $BTC position, especially if they had jumped onboard when Bitcoin was near its top of nearly…

Recent market activity shows that crypto whales are aggressively purchasing Bitcoin (BTC), hinting at a potential market recovery. This week, Spot On Chain highlighted notable transactions, including a substantial withdrawal by a crypto whale—36LMb. This investor moved 999.999 BTC, worth approximately $55.09 million, from Binance, with Bitcoin priced at $55,114 each. Crypto Whales Buy $227 Million in Bitcoin This activity is part of a larger trend where crypto whales withdrew over 4,014 BTC, valued at more than $227.7 million in…

The post Whales Scoop Up $157M in Bitcoin After Market Drop! appeared first on Coinpedia Fintech News Despite the recent sell-off with the release of the US jobs report, whale activity is on the rise. This month alone, three major Bitcoin whales bought 2,814 BTC, worth $157.3 million, at an average price of $55,887 per BTC. Whales buying Bitcoin on Binance indicates growing confidence in its future price. Further, as these whales accumulate during periods of lower prices, the anticipation…

Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $55,500 or $56,000 resistance levels…

As the cryptocurrency market experiences fluctuations, Toncoin (TON) has made headlines for its resilience, even during challenging times. While Bitcoin and other major cryptocurrencies face market downturns, Toncoin (TON) has outshone its competitors, leading investors to take profits and explore new opportunities. One of the most attractive investments currently on the radar for Toncoin (TON) investors is Mpeppe (MPEPE), a 100X presale promising significant returns. The Recent Struggles of Toncoin (TON) Despite its recent success, Toncoin (TON) has faced its…

Agile Energy X, a subsidiary of Tokyo Electric Power Grid (TEPCO), is exploring the use of surplus green energy for Bitcoin mining. Local media outlet Asahi Shimbun reported that the company has installed mining machines near solar farms in Gunma and Tochigi prefectures. This project aims to tap into unused renewable energy. Japan’s Potential to Mine $2.5 Billion in BTC Using Green Energy The report added that simulations by Agile Energy X indicate potential power surplus if Japan meets its…