Bitcoin

The Stacks (STX) protocol has initiated the Nakamoto Upgrade, which introduces Bitcoin (BTC) finality to its network. Over the next 21 days, the ecosystem is set to experience a range of activities linked to this significant upgrade. Stacks is one of the largest Bitcoin Layer-2 (L2) networks by market capitalization. Earlier this year, the STX community approved the Nakamoto upgrade, aiming to make the network faster and enhance block times. Bitcoin L2 Stacks Initiates Nakamoto Upgrade The Nakamoto Upgrade marks…

The post Analyst Predicts Bitcoin Downtrend Until Late 2024, Reminds of Unrealized $100K Predictions from 2019 appeared first on Coinpedia Fintech News Bitcoin recently faced rejection at the $60k levels, signaling short-term resistance. This pattern mirrors what happened in 2019, where Bitcoin experienced similar challenges before eventually declining. Analyst Benjamin Cowen compared 2023 to 2019 earlier this year, when many believed Bitcoin would rise to $100,000 before the next halving. However, as more people adopt the 2019 comparison, the analyst…

The post Retail Traders are Shorting BTC Again: Should you be Bullish or Bearish on Bitcoin? appeared first on Coinpedia Fintech News The Bitcoin price has become largely volatile ever since the crypto markets and the global financial markets suffered after the Japan market crash. The Bulls are trying hard to reclaim the lost levels, while the Bears are leaving no stone unturned to keep the rally within a restricted range. Meanwhile, the BTC price is displaying the possibility of…

Bitcoin price started a consolidation phase near the $58,500 level. BTC must clear the $60,500 resistance to start a recovery wave in the near term. Bitcoin tested the $58,000 zone before there was a minor recovery. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $60,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might slip again if there…

The post Why is Bitcoin Down Today? appeared first on Coinpedia Fintech News Bitcoin witnessed a fall of around 11% in the last 3 days. Market is filled with fear as to why BTC  suddenly started a downwards movement when it was on a good rise earlier. The market fell down to a lowest point of $ 57,800 today. Let’s try to find the real reasons behind this fall. Russia-Ukraine war The ongoing war between Russia and Ukraine is one…

The post Bitcoin Whales Collect 133.3K BTC from Retail Sellers appeared first on Coinpedia Fintech News In this struggling cryptocurrency market, Bitcoin Whales and sharks are the ones continuously taking advantage of the price drop. Over the last 30 days, Bitcoin (BTC) the world’s biggest cryptocurrency has experienced a significant price drop of over 14%, potentially due to Japan’s interest rate update, Mt. Gox’s massive BTC distribution, the German government’s BTC sell-off, and other factors.  Bitcoin Whales and Sharks Accumulate…

Bitcoin has observed a plunge to the $59,000 level during the past day. Here’s what could be behind it, according to on-chain data. Bitcoin Exchange Inflow Spiked Just Before The Crash In a new post on X, CryptoQuant Head of Research Julio Moreno discussed the latest trend in Bitcoin Exchange Inflow. Exchange Inflow is an on-chain metric that tracks the total amount of assets being transferred into the wallets of centralized exchanges. Investors deposit many coins on these platforms when this indicator’s value is high.…

The post Bitcoin Price Dips Below $58,000: Top Analyst Says ‘Prime Buying Opportunity’ appeared first on Coinpedia Fintech News Popular analyst Rekt Capital took to his latest analysis and opened up about Bitcoin’s recent price crash.  Bitcoin has once again dipped below $60k and is now retesting the $58k levels. The analyst explained this crash in context with the P Cycle top indicator. Historically, during bullish periods like 2016-2017, Bitcoin’s price respected the 111-day P Cycle moving average as a…

The post Crypto Market Today: Bitcoin Falls Below $60K Again, Is This the Start of a Downtrend? appeared first on Coinpedia Fintech News Bitcoin has been keeping everyone on edge lately with its dramatic price swings, resembling a rollercoaster ride. The cryptocurrency’s value has seen sharp rises, offering moments of excitement, only to dip back down to its starting point. Recently, Bitcoin briefly touched the $64,000 mark, sparking renewed interest among investors. However, it has since fallen below $60,000, dropping…