Bitcoin

The post Bitcoin Set to Crash to $50K: Are You Ready for the Fall? appeared first on Coinpedia Fintech News Bitcoin has been trapped in a downtrend since it touched the $73,000 mark. It has been struggling to break the road to bear  for almost six months now. There have been a lot of factors that canned the uprising of Bitcoin including the German government selling seized BTC, Mt. Gox creditors repayments, wars in the Middle East and a lot…

The post Bitcoin Price Analysis: Why Long-Term Investors Aren’t Selling appeared first on Coinpedia Fintech News Bitcoin’s price has recently dropped to a monthly low of $56,567.10, falling over 6.2% in the past 24 hours. If this trend continues, further declines might be possible. Reports indicate that short-term Bitcoin investors are rapidly leaving the market. Does this mean investors have lost all hope? Not necessarily. A recent chart shared on X by cryptocurrency analyst Binhdangg offers a different perspective. Let’s…

Bitcoin (BTC) and Ethereum (ETH) have started September in the red, having already suffered price declines since the beginning of the month. This bearish sentiment towards the foremost cryptocurrencies and, by extension, the broader crypto market is due to several macroeconomic factors. Market Still Feeling The Effects Of The Yen Carry Trade Recent developments suggest Bitcoin and Ethereum are still feeling the effects of the abandonment of the Yen carry trade. The Yen recently surged against the US dollar, suggesting…

Bitcoin is the leader in terms of trading and exchange, followed by Ethereum and the USDC. The cryptocurrency gained considerable popularity over the years as more users adopted it for their investment portfolios, some of which became important whales on the market.  Bitcoin’s popularity and use cases have developed so much that the coin is now close to worldwide adoption as a legal tender. In El Salvador, citizens already use Bitcoin as a means of payment and exchange, while other…

The post Google Searches for “Bitcoin” Hit Lowest Level Since August 2023 appeared first on Coinpedia Fintech News Google searches for the term Bitcoin have plummeted to their lowest point since August 2023, signaling a notable decrease in public interest and engagement with the leading cryptocurrency. The decline in search interest may indicate a cooling period for Bitcoin, as fewer people seek information about the cryptocurrency. This could be influenced by various factors, including market volatility, regulatory news, or changes…

The post Bitcoin Hangs at $57K With 10% Weekly Drop, As Bears Grip the Crypto Market! appeared first on Coinpedia Fintech News The cryptocurrency market closed its trade for August on a bearish note, with a fall of 8.74%. The prolonged correction phase had led to the crypto market losing its $2 trillion valuation. Following this, Bitcoin price registered a drop of 10.82%. It is currently trading at a discount of 22.51% from its all-time high of $73,794. The altcoins…

Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since summer began in June, the price of Bitcoin has been very weak, with multiple flash crashes rocking the pioneer cryptocurrency at various points. So far, the Bitcoin price has gone from over $70,000 to below $50,000 at one point. However, this could all be coming to an end as a crypto analyst has pointed out similarities with the summer of 2023 that suggest…

Data shows the crypto derivatives market has suffered a lot of liquidations in the past day as Bitcoin and others have plummeted. Bitcoin Has Declined More Than 3% In The Last 24 Hours Bitcoin has continued its recent bearish momentum in the past day as its price has observed a further plunge, coming down to the $56,600 level. The chart below shows what the asset’s latest performance has looked like. During this plunge, Bitcoin briefly went down to the $55,600…

Bitcoin ($BTC) is continuing to struggle, languishing under $57,000 once again. It seems that even the institutions are starting to feel the pain as another 4.87K $BTC was sold out of the Spot Bitcoin ETFs on Tuesday.  Weaker hands being shaken out Deep in the doldrums once again, the $BTC price is threatening yet more downside. A fifth straight day of Spot Bitcoin ETF outflows is certainly not helping matters. It looks like perhaps some of the institutions are getting…