Bitcoin

The post Top Analyst Predicts Bitcoin Could Soon Reclaim $70k; Says ‘Altcoins are Beginning to Surge’ appeared first on Coinpedia Fintech News The recent Bitcoin downtrend has officially ended, signaling a potential shift in market momentum. As we examine the breakout, key price targets and support levels are coming into focus, along with critical resistance points that could shape Bitcoin’s next moves.  Analyst Capo took to his Telegram handle and said that Bitcoin is showing signs of bullish momentum. Over…

Bitcoin price gained pace and tested the $65,000 resistance. BTC must clear $65,000 to continue higher in the near term. Bitcoin started a steady increase above the $63,000 zone. The price is trading above $63,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $63,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it clears the $65,000 resistance zone.…

The post Analyst Says Bitcoin Price Could Hit $100,000 In 2024 If This Happens appeared first on Coinpedia Fintech News In a recent report, a popular cryptocurrency analyst, Jamie Coutts, claims that the price of Bitcoin (BTC) could hit as high as $100,000 in 2024 if banks keep capitulating and liquidity spigots keep opening. This potential surge in Bitcoin’s (BTC) price could significantly influence the value of other altcoins, making it a strategic time to diversify into one of the…

Concerns are mounting within the crypto community about Bitcoin’s increasing centralization, which some fear could threaten the foundational principles of the world’s first digital asset. Recent data from BTC.com reveals that two mining pools — Foundry USA and AntPool — now control approximately 57% of Bitcoin’s total network hashrate. Foundry and AntPool Dominate Bitcoin Mining Pools Bitcoin mining pools are collaborative networks where individual miners combine their computational power to improve the likelihood of mining a block. After deducting maintenance…

The Bitcoin price rally triggered by Federal Reserve chairman Jerome Powell’s latest speech has been the major talking point in the crypto community this weekend. Analysts at trading firm QCP Capital are amongst the latest entities to weigh in on BTC’s return to within the $61,000 and $70,000 consolidation range. How Interest Rate Cuts Could Affect The Bitcoin Market In its latest report, QCP Capital reacted to the Bitcoin price rallying on the back of the Fed’s announcement of a…

In the past few weeks, following a series of corrections, Bitcoin and the broader crypto market have experienced a significant surge from the lower prices of 2024.  The momentum picked up notably on Friday after Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, announced a shift in policy, hinting at a potential interest rate cut in September. This announcement has fueled optimism among investors, leading to increased market activity.  Additionally, valuable data from Glassnode reveals…

The post Bitcoin Price Could Reach $100,000 if Trump Wins Election: Report appeared first on Coinpedia Fintech News As the United States election comes near, Bitcoin price prediction by experts gaining significant attention from the crypto community. On August 25, 2024, a crypto expert made a post on X (preciously Twitter) stating that if former President Donald Trump wins this election, Bitcoin will easily go to the $100,000 level. Bitcoin Price Could Reach $100,000 Level In addition to this, Skybridge…

According to on-chain data, a dormant Bitcoin (BTC) wallet created over a decade ago has suddenly reawakened, transferring over $1 million worth of BTC to an unknown address. This unexpected yet substantial transaction comes as Bitcoin’s price surges past $64,000.  Decade Old Bitcoin Wallet Springs Back To Life  An old Bitcoin wallet established 10.7 years ago has executed a large-scale BTC transaction on August 19. Blockchain tracker and analytics system, Whale Alert, disclosed on X (formerly Twitter) that the address…

The post Bitcoin Soars as Mt. Gox Repayments and Bullish Signals Clear Path to $100K appeared first on Coinpedia Fintech News The crypto market is buzzing with excitement as the total market cap skyrockets by 4.8% in just 24 hours, hitting a whopping $2.26 trillion! Bitcoin, the king of crypto, is riding high, with its price soaring to an impressive $64,961. This surge came after Bitcoin’s crash risk due to Mt. Gox repayments significantly decreased by nearly 75%, according to…