Bitcoin

President Nayib Bukele’s bold initiative to introduce Bitcoin as legal tender in El Salvador has been a focal point globally, yet the adoption hasn’t reached the expected heights. Bukele shared his nuanced perspective on the country’s digital currency journey in an interview. Although Bitcoin is regularly used by Salvadorans and businesses, overall adoption has not met initial hopes. Bukele Explains Why Bitcoin Did Not Achieve Widespread Adoption Bukele believes that slow adoption is because Bitcoin has always been a voluntary…

The post Solo Bitcoin Miner Hits the Jackpot, Earning $199,000 Reward appeared first on Coinpedia Fintech News A solo Bitcoin miner has defied the odds and successfully solved a Bitcoin block, earning a substantial reward of 3.27 BTC, which is currently valued at around $199,094. This rare achievement shows how surprising Bitcoin mining can be, especially for solo miners competing against big mining companies. Solo Miner Hit Jackpot On August 29, a solo miner working under the mining pool “ckpool”…

The post Bitcoin Price Prediction: Top Analyst Issues Red Flag; Bears Eye $53k Levels appeared first on Coinpedia Fintech News An analyst has raised a red flag for Bitcoin, pointing out a significant warning sign on the charts. Currently, Bitcoin’s price is showing a short-term bullish divergence, but there’s also a build-up of liquidity on the upside, which needs careful monitoring. Recently, Bitcoin broke below a key support area, which now acts as resistance. This area is between $60,000 and…

Bitcoin price remained stable above the $58,500 support zone. BTC is struggling and could only start a steady increase if it clears $61,500. Bitcoin is struggling to rise above the $60,200 and $61,500 resistance levels. The price is trading below $61,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $58,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it fails…

As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a precarious position, but emerging signs could bode well for the BTC price and the broader crypto ecosystem. Fed’s Rate Cuts Signal Hope For Bitcoin Price Recovery One promising development is the possibility of further interest rate cuts by the US Federal Reserve (Fed) later…

Bitcoin has recently shown signs of recovery, reclaiming the $61,000 level after a brief but sharp decline earlier this week. This bounce back in price has sparked renewed interest among the crypto community, with many closely watching for the next key moves in the market. Particularly, this latest price action has led to various analyses, focusing on whether the asset can maintain its momentum and break through critical resistance levels that have previously hindered its progress. The Path Forward: Key…

The post Bitcoin Price Nosedives to $59,000, What’s the Real Reason? appeared first on Coinpedia Fintech News Bitcoin (BTC) has experienced a free fall to $59,000 from $61,000 after gaining 4% in upside momentum during Asian trading hours. However, the massive fall occurred in the past hours, resulting in $9.92 million worth of long positions being liquidated out of $10.20 million liquidation, according to the on-chain analytic firm CoinGlass. Source: Trading View Why Bitcoin Price is Falling? Looking at the…

As the cryptocurrency market rebounds, an analyst renowned for accurate predictions has predicted that Bitcoin (BTC) will reach $100,000 by year-end. The analyst also anticipates a 2000% bull move for MoonTaurus (MNTR), a rising meme coin gaining significant attention as a strong competitor to PEPE. $100,000 for Bitcoin (BTC) Programmed The current price of Bitcoin (BTC) is $63,449, with a 24-hour trading volume of $102.71 billion and a market cap of $1.25 trillion. Despite a 1.12% decline in the last…

The post Bitcoin SV Price Prediction 2024-2030: Will BSV Price Hit $100? appeared first on Coinpedia Fintech News Story Highlights The live price of the BSV token is . BSV price may reach a high of $73 in 2024. With a potential surge, this altcoin may reach a high of $163 by 2030. Bitcoin SV (Satoshi Vision), a hard fork of Bitcoin Cash, was launched in November 2018. The brainchild of Dr. Craig S Wright, an Australian computer scientist, Bitcoin…