Bitcoin

Bitcoin market performance and historical patterns continue to interest analysts and investors, with many of them using this to gauge what and how the asset is likely to move in the future. According to Mags, a well-known crypto analyst, Bitcoin may follow a familiar pattern observed in previous cycles, where the cryptocurrency reaches its peak several months after the halving event. Peak Will Be 2025, But What Price Target? In a recent post on X, Mags highlighted the notable gains…

The post Bitcoin Drops 6%, Crypto Liquidations Hit $314M, What’s Next for Market? appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency experienced notable selling pressure after the closing of the US stock market, leading to a price drop of over 6%. The decline began as the bankrupt crypto lender Celsius repaid nearly $2.5 billion to its 251,000 creditors.  Crypto Liquidations Hit $313 million  Amid this selling pressure, top cryptocurrencies including Ethereum (ETH), Solana (SOL), and Dogecoin…

Bitcoin is trending lower when writing, cooling off after the encouraging leg up on August 23. Although the uptrend remains, and the coin is not far away from $63,000, there is no discounting the possibility of sellers pressing on. The alignment with the dip of early August could trigger another wave of liquidation, causing panic. Bitcoin Shaky, The First Two Levels To Watch Technically, Bitcoin is within a bullish breakout formation from the bull flag established after the expansion on…

Data shows that Bitcoin (BTC) Open Interest plummeted during the latest market retrace, but Solana (SOL) and Ethereum (ETH) have been resilient. Solana & Ethereum Open Interest Has Only Seen A Mild Retrace According to data from the analytics firm Santiment, Bitcoin has seen its Open Interest plunge after the pullback in its price. The “Open Interest” here refers to a metric that keeps track of the total amount of derivatives positions related to a given asset (in USD) currently…

The number of Bitcoin (BTC) millionaires has soared by 111% this year, driven largely by the rise of crypto exchange-traded funds (ETFs). The approval of spot Bitcoin ETFs, followed by Ethereum (ETH) ETFs, has attracted institutional players to crypto, creating a new wave of demand beyond retail investors. Bitcoin ETFs Fuel Increase in BTC Millionaires According to research by Henley & Partners, there are now 85,400 Bitcoin millionaires globally, reflecting a 111% increase in just a year. The report attributes…

The post Nasdaq seeks SEC approval for Bitcoin Index Options appeared first on Coinpedia Fintech News Nasdaq, the major American stock exchange, is planning to introduce a new financial tool for Bitcoin enthusiasts. The exchange is seeking approval from the SEC to launch and trade  Options on the Bitcoin Index. This could provide traders and institutions another way to get exposure with Bitcoin investment. What is an Option Options are listed derivatives that give the holder the right to buy…

The post September 6 or 16? One of These Dates Could Spark a Major Market Surge, Including a Big Bitcoin Rally appeared first on Coinpedia Fintech News The host of the channel The House of Crypto said that he knows exactly why the crypto market has started to rise in the last 24 hours. He opened up about two important dates coming up in the next few weeks that could lead to price increases across the cryptocurrency market.  Discussing the…

The post Bitcoin Eyes $72k As Market Moves Into Risk-On Phase; Lark Davis Reveals Top Altcoins appeared first on Coinpedia Fintech News Lark Davis shared details on Bitcoin’s recent market behavior, bringing to everyone’s attention a slight price correction but also understanding the importance of staying above key support levels. He believes that as long as Bitcoin holds these levels, the bullish momentum can continue, with a potential push towards the critical 72k mark, which could trigger major excitement in…

In the latest episode of the What Bitcoin Did Podcast, hosted by Peter McCormack, Jack Mallers, CEO of Strike, made a stunning prediction for the Bitcoin price. Mallers speculated that BTC could reach a valuation between $250,000 to $1 million in the current economic cycle. Mallers grounded his prediction in the broader context of global economic practices and central bank policies, emphasizing the unprecedented nature of today’s financial challenges and opportunities. Why Bitcoin Is Poised To Reach $1 Million Mallers…