Bitcoin

The post China-Russia Financial Collaboration: A Sign of Growing Interest in Bitcoin in Eurasia?  appeared first on Coinpedia Fintech News Right now, the global market is dominated by the US dollar. This dominance allows the United States to control the market to an extent. China and Russia present themselves as alternatives capable of challenging the advantage the US currently enjoys in the market. They, together and individually, have crafted several strategies to counter the dominance of the US. A document…

The post Bitcoin Monthly Bull Flag Target Lies Above $100K; Here’s When It May Reach! appeared first on Coinpedia Fintech News The bullish flags are fluttering within the crypto space as traders and whales have become optimistic about the next price action. The recent death cross had kept the markets consolidated under bearish influence. However, the impact of the event appears to have reached its apex and hence, a fresh move may materialize anytime from now for the Bitcoin (BTC)…

The post Bitcoin To Reclaim $67,000 Next Week; Top Analyst Explains What Happens Next appeared first on Coinpedia Fintech News Bitcoin’s price has been moving within a downward-sloping channel on the weekly chart. Recently, for about four weeks, Bitcoin dipped below the bottom of this channel but has now shown a strong recovery back into it. Historically, when Bitcoin rebounds from the bottom of this channel, it takes about 2-4 weeks to reach the top of the channel. Popular analyst…

The post Bitcoin Price Prediction: Bullish Pattern Targets $80K, but Bearish Clouds Hover appeared first on Coinpedia Fintech News Bitcoin is currently showing a strong bullish signal as its price breaks through key resistance levels in the short term. This breakout has resulted in a significant short squeeze, where various short positions have been liquidated, driving the price even higher.  According to analyst Josh of Crypto World, on the daily Bitcoin chart, a noticeable decline in the U.S. Dollar Index…

The post Ethereum Will Beat Bitcoin in Market Cap, Says Crypto Expert appeared first on Coinpedia Fintech News The overall cryptocurrency market has turned bullish after the potential interest rate cut announcement by Fed Chair. Amid this uptrend, Nick Tomaino, a crypto expert and the founder of 1Confirmation, published a report on X (previously Twitter) stating that Ethereum (ETH) will flip Bitcoin (BTC) by the market capitalization in the next five years. ETH to Flip BTC in Market Cap This…

The post Crypto Market Today: Why Bitcoin Price Could Hit New Highs in 2024 appeared first on Coinpedia Fintech News Bitcoin’s price might take off when you least expect it. In a recent analysis by Altcoin Daily, Matthew Siegel from VanEck suggests that the current market conditions are ripe for a Bitcoin recovery. Despite its recent dip, VanEck is still a buyer, and Siegel believes that Bitcoin has the potential to make new all-time highs before the November election.  But…

Yesterday, Bitcoin (BTC) spiked over 6% following Federal Reserve Chairman Jerome Powell’s announcement that they are adjusting its policy and hinting at a potential 25bps rate cut at the next meeting on September 18. This unexpected news has fueled Bitcoin’s recent volatility, with prices swinging unpredictably in the past weeks.  Crucial on-chain data from CryptoQuant is providing a glimmer of optimism. According to the data, traders are positioning for further price appreciation. As the market digests the Fed’s new stance,…

The Bitcoin price performance has been uninspiring in the past week, mirroring the broader cryptocurrency market climate. However, the premier cryptocurrency seems to be ending the week on a high note following an unexpected Friday rally. The price of BTC appears to have received a breath of fresh air following Federal Reserve Chairman Jerome Powell’s Jackson Hole speech, finding its way above the $64,000 mark — again — with an almost 7% surge. The question now is — how far…

Pro-Bitcoin presidential candidate Robert F. Kennedy Jr. has withdrawn from the 2024 race and endorsed former President Donald Trump. Following this announcement, Bitcoin’s price surged by over 4% in the last 24 hours, pushing it past the $64,000 mark for the first time since early August. RFK Jr. Suspends Campaign, Backs Trump On August 23, Robert F. Kennedy Jr. temporarily suspended his presidential campaign, with plans to remove his name from the ballot in swing states to support Trump. “I’m…