Bitcoin

The post Bitcoin Mining Firm Vortex Bets Big on MicroStrategy Stock—Is This the Next Bitcoin Boom? appeared first on Coinpedia Fintech News Vortex, a leading Bitcoin mining company known for its focus on renewable energy and advanced technologies, has begun acquiring shares of MicroStrategy (MSTR). This strategic acquisition aligns with Vortex’s vision of leveraging the synergy between traditional public markets and Bitcoin’s intrinsic value.  This buying made MicroStrategy stock outperform the S&P 500 and other major companies like NVIDIA and Arista…

The post Bitcoin Mining Company Vortex Brands (VTXB) Acquires MSTR Stocks, MSTR Tops S&P 500 appeared first on Coinpedia Fintech News Bitcoin mining company Vortex Brands (VTXB) has recently revealed purchasing MSTR stocks.  Vortex Brands started acquiring MSTR stocks as its strategic asset. While the company’s initial purchase amounts to only 10 shares, the move comes with a broader approach to leverage arbitrage strategy between corporate public markets and the value of Bitcoin. Notably, the Michael Saylor-led firm has also…

The post Bitcoin Price Crash: BTC Price at Risk Of Dropping To $52K, Here’s Why appeared first on Coinpedia Fintech News Bitcoin saw a sharp drop on Tuesday, plunging to $61,455 from its recent high of $65,103 just days earlier. Now at $59,000, BTC has recovered. This swift downturn rattled the crypto market, leading to a wave of liquidations totaling $20.28 million in Bitcoin long positions and $40.29 million in Ether longs. The sudden decline underscores the intense volatility in…

Bitcoin is weaving through a consolidation phase since marking a new all-time high of $73,777 in mid-March. Since then, Bitcoin’s daily closing prices have exhibited significant restraint, never sealing above $71,500 and maintaining a floor above $54,000, though it has seen a major intraday low touching $49,000. This consolidation phase has nudged the Fear and Greed Index towards a cautious “fear” score of 30, revealing an atmosphere of apprehension amongst traders who find themselves frequently whipsawed by the volatile market…

Bitcoin continues to surprise to the downside. The $BTC price lost more than $6,000 in the space of 48 hours, after being rejected from $65,000. The high volatility triggered more than $300 million in liquidations across the crypto market, mostly on long positions. Just when you thought it was safe to go long … Just when you thought it was safe to go long, with macro indicators generally pointing to the upside, the $BTC price dumped sharply once again, lopping…

The post $26B in Bitcoin and Ethereum Leave Exchanges, Sparking Supply Fears! appeared first on Coinpedia Fintech News In a sudden shift in the market mood, more than $26 billion worth of Bitcoin and Ethereum have been extracted from the centralized exchange since January 2024. However, only $9.1 billion worth of USDTether has flowed in. This sudden rise in the outflow of Bitcoin and Ethereum from the leading cryptocurrency exchanges signals a shift in market sentiments. Further, the Bitcoin miners…

The post Crypto Market Today: Bitcoin Price Plunges Below $60,000 Circulating Bearish Waves Across Space—What’s Next? appeared first on Coinpedia Fintech News The crypto markets faced yet another pullback, losing over 2.2% in market capitalization just before the end of the last trading day. More than $100 billion has been whipped out of the markets while the selling pressure remains within the range. As a result, the Bitcoin price plunged heavily below $60,000, sending shock waves across the crypto markets.…

The post Why Bitcoin Price is Down Today? Analyzing the Factors Behind the Crypto Market Crash appeared first on Coinpedia Fintech News It’s not been an easy couple of days for crypto bulls. With four days left in August, Bitcoin has dropped 2.74% this month. Historically, September hasn’t been kind to Bitcoin, with a 72.73% chance of ending the month down over the past 11 years. Bitcoin has experienced a significant drop, falling below the $59,000 mark, stirring concern among…

Bitcoin price started a fresh decline and traded below $60,000. BTC is struggling and might continue to move down toward the $56,500 support. Bitcoin gained bearish momentum below the $62,000 support level. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might slip further toward the $56,500 level before the…