Bitcoin

The post Top Three Altcoins to Stack When Bitcoin Hits Reverse and Marches Towards $70k appeared first on Coinpedia Fintech News As the month of September begins, there needs no reminder of the usual struggle associated with it. September has almost always designated a negative period for the cryptocurrency market. Normally, however, Q4 turns out to be profitable.  However, with Bitcoin tumbling below $57000, the sentiment has already turned negative. Nevertheless, looking ahead towards Korea Blockchain Week, the broader altcoin…

Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market.  Traders are watching closely to see if the bearish trend will continue or if a reversal is on the horizon as BTC hovers near critical support levels. The next few days could be crucial in determining Bitcoin’s short-term trajectory. As Bitcoin faces increasing selling…

Leading Swiss bank Zurich Cantonal Bank is the latest financial entity to enter the crypto waters in Europe, as it unveiled Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024. Swiss Banking Juggernaut To Offer Crypto Services In its press release published today, the bank said its customers can avail 24/7 cryptocurrency trading and custody services via its existing digital platforms such as ZKB eBanking and ZKB Mobile Banking. The fourth-largest Swiss bank with total assets under management…

Bitcoin has been under intensified selling pressure since the start of the week, with the largest cryptocurrency experiencing a nearly 4% drop in value over the past seven days. This decline brought Bitcoin to a one-month low of $55,690 earlier on Wednesday, raising concerns among investors about its near-term trajectory. Could Fed Rate Cuts Drive Bitcoin Beyond $100,000?  A market expert known as “Chicken Genius” recently shared his insights on social media, suggesting that the $55,000 mark could represent a…

A crypto pundit has identified striking similarities between the Bitcoin (BTC) market behavior in 2023 and 2024. Based on the analyst’s observation, he believes that Bitcoin is experiencing a comparable cycle of decline, characterized by widespread investor sell offs, which could precede a significant price breakout to new levels.  Comparing The Bitcoin Markets Of 2023 And 2024 In a rather lengthy X (formerly Twitter) post on September 3, a crypto pundit identified as ‘Dana Crypto Trades’ shared some intriguing details…

The post BTC Tumbles Below $56K: Bitcoin Price Today and Crypto Markets Drenched in Red appeared first on Coinpedia Fintech News The crypto industry has been hit hard recently, with Bitcoin dropping lower than $56,000. This sharp drop, along with a red wave sweeping through the markets, has left holders worried. How did the price fall so quickly? What’s next for it and for the broader economy? Keep reading to discover the latest Bitcoin news and insights on what might…

The post Bitcoin Network Activity Plummets to 2021 Bull Run Levels – What’s Next? appeared first on Coinpedia Fintech News The total number of active addresses on the Bitcoin network has dropped to levels last seen in the 2021 bull run when Bitcoin was priced at around $45,000. This decline suggests reduced activity and fewer transactions on the network, possibly indicating waning interest in Bitcoin. The lower activity is also reflected in decreased trading volumes, which could lead to periods of…

Despite being termed the ‘digital silver’, the Litecoin price has remained muted in the last year. The altcoin’s price saw a run-up back in 2023, leading up to its halving. Since then, it has failed to maintain this upward momentum, falling short of the triple-digit level. From here, though, it seems the tide might finally be changing for the Litecoin price, as a notable prediction from an analyst suggests that a rally could send the price to a new all-time…

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Z-Score is currently giving a bearish signal for the BTC market. Bitcoin MVRV Z-Score Has Seen A Bearish Crossover Recently In a new post on X, CryptoQuant author Axel Adler Jr has discussed the latest trend in the Bitcoin MVRV Z-Score. The MVRV Z-Score refers to an indicator that keeps track of the difference between the BTC market cap and realized cap, divided by the standard deviation of the…