Bitcoin

The post Max Keiser Predicts U.S. Dollar’s Fall: Bitcoin to the Rescue? appeared first on Coinpedia Fintech News Max Keiser, a well-known financial journalist and Bitcoin advisor to El Salvador’s President Nayib Bukele, has just dropped a bombshell prediction: the U.S. dollar could collapse within the next six months. Keiser’s warning comes as the U.S. national debt soars to unprecedented levels, recently hitting a staggering $35.27 trillion. This translates to an average debt of $104,568 per U.S. citizen. Is Bitcoin…

As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in shaping Bitcoin market sentiment. Notably, these economic indicators are expected to offer greater clarity on whether the Federal Reserve will commence a rate-cutting cycle in…

On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins. Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently As explained by an analyst in a CryptoQuant Quicktake post, the BTC Exchange Reserve has continued its drawdown recently. The “Exchange Reserve” here refers to an indicator that keeps track of the total amount of Bitcoin that’s currently sitting in the wallets of all centralized exchanges. When…

The post The Teenager Who Made Millions From Bitcoin Believes This $0.01831 Ethereum Token Will Help Create Generational Wealth For Him appeared first on Coinpedia Fintech News Imagine being a teenager with millions of dollars, all thanks to a well-timed investment in Bitcoin (BTC) during its early days. That’s the reality for one smart young investor who rode the wave of Bitcoin’s (BTC) meteoric rise to wealth. Now, with a keen eye for the next big thing, this Bitcoin (BTC)…

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market. There are two indicators of relevance here: Open Interest and Funding Rate. The first of these, the Open Interest, keeps track of the total amount…

The post Bitcoin News Today: How Miner Sell-Off Contributed to the Recent BTC Price Crash? appeared first on Coinpedia Fintech News Recent discussions, including insights from Coin Bureau, have highlighted growing concerns about Bitcoin miners selling off their holdings and facing profitability challenges. Bitcoin mining, essential for securing the blockchain through proof of work, has become increasingly complex and costly. Today’s miners rely on specialized, energy-intensive machines called ASICs, making the process both expensive and competitive. Economic Hardships for Miners…

In a breakdown of Bitcoin’s current market dynamics, prominent crypto analyst Dan Gambardello, in his latest video titled “Bitcoin Must Do This Now,” addressed his 368,000 followers on YouTube regarding the critical resistance levels Bitcoin is currently testing. Gambardello emphasized the importance of these levels for both short-term price movements and broader market indicators. Why Bitcoin Must Turn Bullish Now Gambardello’s analysis begins with an emphasis on the significance of the short-term holder cost basis, which currently stands at $63,600.…

Another week is passing by, and Bitcoin (BTC) is still holding the major support at $58,000. A lot of fear is still permeating the market - can Bitcoin survive the monthly and weekly close in a viable position? It's always darkest before the dawn The waiting goes on. Bitcoin holders from previous bull markets will probably know that with the number one cryptocurrency, it’s always darkest before the dawn. Many must have experienced selling when things seemed as though recovery…

On Thursday, BlackRock’s iShares Bitcoin Trust (IBIT) experienced its first outflow after nearly four months. Previously, IBIT registered an outflow on May 1. The week started strong for spot Bitcoin exchange-traded funds (ETFs), with net inflows of approximately $202.6 million on Monday. However, the tide quickly turned, with substantial outflows following closely behind. BlackRock Records Its Second Outflow Day On Tuesday, investor withdrawals reached around $127.1 million. Similarly, on Wednesday, funds continued to flow out, totaling approximately $105.3 million. Despite…