Bitcoin

The post Is Bitcoin Headed for a Major Drop? September Slump vs. October Rally Analysis appeared first on Coinpedia Fintech News Bitcoin recently broke down from its market structure, raising concerns about how low it might drop in the coming months. September, a historically bearish month, has many wondering if a significant decline is on the horizon. Rekt Capital, a well-known crypto analyst, analyzed past trends, current market conditions, and the upcoming October, a typically bullish month. September’s Historical Downside…

The post Bitcoin Price Prediction: Top Analyst See BTC Potential Drop to $31,500? Here’s Why appeared first on Coinpedia Fintech News Despite early hopes for a steady price rise with the start of a typically bullish Q4, Bitcoin is struggling to hold its ground, recently dropping to $54,000. Due to its ongoing bearish trend, prominent crypto analyst Ali Martinez has warned that Bitcoin could decline further, potentially dropping to $31,500. Here’s why analysts predict this drop.  Stark Warning: BTC Plunging…

The Bitcoin price dropped below $54,000 on September 6 as the flagship crypto experienced a massive wave of sell-offs from traders. This price decline was sparked by developments on the macroeconomic side, which painted a bearish outlook for Bitcoin.  Bitcoin Slides Following Weak Job Report Bitcoin’s price retreated following a weak August job report. Data from the US Bureau of Labor showed that the unemployment rate fell to 4.2% while the labor market added 142,000 nonfarm payroll jobs. While the…

Three years ago today, El Salvador made history as the first nation to adopt Bitcoin as legal tender. This move has sparked a phase of growth and development for the country, as it has become a model for crypto adoption and has drawn attention from global stakeholders. Bitcoin’s Role in El Salvador Grows With $31 Million in Unrealized Gains In honor of this milestone, Max Keiser, senior Bitcoin adviser to President Nayib Bukele, shared the administration’s vision for expanding Bitcoin…

The post Bitcoin Price Reversal Confirmed? This 100% Accurate Indicator Says Yes appeared first on Coinpedia Fintech News After experiencing a significant price decline of 10% in the past two days, Bitcoin (BTC) is now poised for a price reversal, as shared by a crypto expert. On September 7, 2024, a crypto expert and a trader made a post on X (previously Twitter) that the technical indicator named Chande Momentum Oscillator (CMO) is signaling a potential price reversal for Bitcoin.…

The post El Salvador Celebrates 3 Years of Bitcoin: A Taxi Driver Became a Millionaire appeared first on Coinpedia Fintech News Today Marks the 3 year anniversary of El Salvador declaring Bitcoin its legal tender. No other nation has shown this level of a gutsy move. El Salvador declared Bitcoin its legal tender on September 7, 2021 and following it, the Central African Republic did the same on April 22, 2022. Let’s find out how well the country is performing…

The post Bitcoin Recovery Expected in October, But Memecoins Are the Go-To for 1000% Gains in September appeared first on Coinpedia Fintech News A major bull run and altcoin season are just around the corner. The cryptocurrency market is calm and poised for a significant surge. Currently, altcoins remain at low prices, making them ripe for explosive growth. As September progresses, many crypto enthusiasts are turning their attention to memecoins, which have shown potential for a staggering 1000% gains. October…

The post El Salvador’s Bitcoin Bet Pays Off: $31 Million in Profit Three Years Later appeared first on Coinpedia Fintech News El Salvador is celebrating a major win as it marks three years of Bitcoin as legal tender. Despite early criticism and market volatility, the country is now sitting on over $31 million in Bitcoin profit. Having bought Bitcoin daily since 2021 at an average price of $43,877, El Salvador’s holdings are currently valued at $54,300 per BTC. With 5,865…

The post Bitcoin and Ethereum Face Major Losses: $170 Billion Wiped Out in September Crash appeared first on Coinpedia Fintech News September has hit the crypto world hard, with a staggering $170 billion wiped out in just one week. Bitcoin and Ethereum, the market’s giants, were the biggest losers, causing 78.82% of the losses. Bitcoin alone saw its value drop by $100 billion, while Ethereum lost $34 billion. Despite a history of strong Q4 recoveries, this rough start to the…