Bitcoin

The post Bitcoin ETFs Face $805M Outflow Over Six Days appeared first on Coinpedia Fintech News As the outflow patch prolongs, the Bitcoin ETFs register the sixth consecutive net outflow day, totaling $805 million. Despite a minor inflow from Bitwise (BITB) yesterday of $9.5 Million, the flow was negative $37 Million. With the bearish ETFs, the Bitcoin price continues to fluctuate above the $57K mark. 

The post Bitcoin Stuck Within a Corrective Wave: Another Lower High Could Be on the Horizon!  appeared first on Coinpedia Fintech News Bitcoin bulls are losing strength as they are unable to sustain the rally above the gains. The market dynamics do not appear to be in their favour and as a result, the Bitcoin price is now feared to maintain a steep descending trend, regardless of the interim bullish spell. The latest rebound from levels around $57,000 to above…

Ethereum is down nearly 35% from July highs and roughly 40% from 2024 peaks. While there is hope among holders that the coin will expand, breaking local resistance, the short-term trend favors sellers. From the daily chart, not only is ETH struggling to gain momentum and push above $2,800, but sellers have been relentless, diffusing any attempt higher. As the coin is capped below $2,500 at press time and actively aligning with the selling pressure of late August, Santiment analysts…

Bitcoin price started a recovery wave from the $55,600 zone. BTC is now struggling to clear the $58,500 resistance and might decline again. Bitcoin is struggling to recover above the $58,500 zone. The price is trading below $58,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $57,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $58,500 or $58,750…

An analyst has explained how Bitcoin could witness a drop to the $40,600 level based on a pattern forming in its 2-month price chart. Bitcoin Has Seen A TD Sequential Sell Signal On Its 2-Month Price In a new post on X, analyst Ali Martinez has discussed about a Tom Demark (TD) Sequential signal that has formed in the 2-month price of Bitcoin. The TD Sequential is an indicator in technical analysis (TA) that’s generally used for spotting positions of…

As Bitcoin gains traction within the Republican Party, notably championed by former President Donald Trump, lawmakers are increasingly positioning the cryptocurrency as a cornerstone for US economic growth.  US Senator Cynthia Lummis is at the forefront of this movement, advocating for the Bitcoin Act, which aims to establish a strategic Bitcoin reserve for the United States. A Bold Solution For Fiscal Crisis In a recent interview with Bankless, Lummis articulated her vision for the Bitcoin Act, highlighting its potential to…

Over the past seven months, the price of Bitcoin has moved in a range between $73,777 and $49,000, significantly depressing sentiment across the market. In a new analysis published via X, Will Clemente III, co-founder of Reflexivity Research, addresses the prevailing sentiment of impatience and uncertainty among investors, sharing why he still remains bullish. Clemente’s bullish sentiment draws from a long-term perspective over the next decade. Drawing upon his expertise in portfolio construction and asset allocation, Clemente emphasized the importance…

A recent Quicktake analysis on the on-chain analytics platform CryptoQuant highlighted how Bitcoin’s short-term holders’ (STH) behaviour is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish September trend.  Peak In Bitcoin’s Short-Term Holders Similar To 2019 Structure CryptoQuant contributor Avocado_onchain noted that there had been a “small peak” in Unspent Transaction Outputs (UXTOs) under six months, which resembles a similar structure observed in 2019. The analyst explained that these UXTOs under six…

The post Crypto Market Crashes: Here’s Top Reason Why Bitcoin, Altcoin, & Memecoin Are Plummeting appeared first on Coinpedia Fintech News Despite positive news about potential interest rate cuts in the U.S., Bitcoin (BTC) and Ethereum (ETH) have seen their prices tumble, with other major cryptocurrencies like Solana (SOL), XRP, and various meme coins have also been affected. As the market continues to plummet, several key factors have been identified as the main drivers behind this ongoing crash. Key Reason…