Bitcoin

Bitcoin (BTC) has started the week on a down note, trading within the $58,000 range after briefly surpassing $60,000. Analysts warn that conditions might worsen before improving, especially with the presence of a reversal zone that could influence price movement. Additionally, the crypto markets are anticipating key events this month, which could lead to increased volatility for Bitcoin. Bitcoin Risks a Further Correction QCP Capital researchers expect Bitcoin to face further correction, with Bitcoin likely to find strong support around…

The post US Stock Market’s Hints At Recession, Bitcoin Crash Imminent? appeared first on Coinpedia Fintech News There is a link between broader cryptocurrency and the US Stock Market, although the correlation may not be super strong. Often when one goes up, the other goes up too and if Bitcoin does go up, altcoins follow too, although there is some delay. But if the US stock market falls into recession, could it affect Bitcoin and the broader crypto market? Read…

The post What’s Next For Bitcoin, Ethereum, And Ripple, As September Starts Bearish? appeared first on Coinpedia Fintech News The cryptocurrency market has resumed September on a bearish note. This comes after Bitcoin and Ethereum ETFs had a steep fall on the charts. Consequently, Blackrock, the 3rd largest Bitcoin holder has liquidated some of its position. This has resulted in FUD amongst a few investors.  With this, questions like “Is the crypto bull run delayed?” and “Will the crypto bull…

The post Crypto Market Watch: Bitcoin ETFs Face $305M Outflow as Investors Panic appeared first on Coinpedia Fintech News Digital asset investment products, including BlackRock’s iShares Bitcoin Trust (IBIT) and ARK 21Shares Bitcoin ETF (ARKB), saw a net cash outflow of $305 million last week. Rising concerns about further crypto declines in September have led investors to take profits and protect their capital. Recent stronger-than-expected economic data in the United States has made a 50 basis points interest rate cut…

The post Why $58,400 is Crucial for Bitcoin and How It Could Pave the Way to $100,000 appeared first on Coinpedia Fintech News Popular analyst Rekt Capital opened up about the question of where Bitcoin’s bottom might be in the current market correction. In his latest analysis video, he said that for Bitcoin to maintain its position within this channel, it needs to close its weekly candles above the $58,400 mark.  The analyst said that this retest is currently underway.…

Bitcoin (BTC) is showing resilience despite the shifting sentiment in the crypto markets, with weekly outflows reaching $305 million. This shift follows stronger macroeconomic data from the US, leading to a change in market focus. Historically, September has been a challenging month for Bitcoin, with the cryptocurrency often underperforming during this period. Crypto Investments Record $305 Million Outflows According to the latest CoinShares report, Bitcoin led the negative flows last week with $319 million in outflows. Meanwhile, short Bitcoin investment…

While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again losing important ground needed to create a bullish reversal. The trajectory is impacted by several factors. #1: Macro Fears Of A Recession The looming threat of a US recession is causing palpable tension in financial markets. This is especially pertinent for Bitcoin, which has not yet weathered a full economic downturn…

Bitcoin (BTC) has just suffered bearish weekly and monthly candle closes that make it hard to be optimistic for the month of September. Will Bitcoin now lead the crypto market down to much lower levels?  Monday manipulation? With a bank holiday in the U.S., and Bitcoin thinly traded and lacking real volume, Monday could be a day where the $BTC price is manipulated quite heavily. Which direction this could take will be up to those doing the manipulating - if…

Some retail investors who hold Bitcoin may be on the verge of selling, given the several months of sideways and downwards movement in the price. Perhaps many of these aren’t in Bitcoin because of its libertarian properties, and they are scared that it will go down heavily. However, where will they put the money if they sell? The decision to sell You have a significant portion of your savings in Bitcoin. The market has turned bearish, and you are afraid…