Bitcoin

The post Bitcoin (BTC) Price Skyrocket To $64K as RFK Jr. Backs Trump & Exit From U.S. Election appeared first on Coinpedia Fintech News On Friday, the crypto market saw a significant rise after two major events, firstly Robert F. Kennedy Jr. announced he would drop out of the 2024 U.S. presidential race and endorse former President Donald Trump, and Federal Reserve Chair Jerome Powell hinted at possible rate cuts soon.  These announcements led to Bitcoin (BTC) jumping 5.5% in…

Economist and market analyst Henrik Zeberg has made an updated bullish forecast for Bitcoin, predicting that the leading cryptocurrency could surge between $115,000 and $120,000. Zeberg, who forecasted a rise to $95,000-$100,000 in December 2022, revised his prediction based on his Business Cycle Model. Bitcoin On The Verge Of A Breakout? Despite a generally bearish sentiment in late 2022, Zeberg maintained his optimistic outlook, which he still holds today. He pointed out that while many predicted an “imminent crash,” the…

Amid Bitcoin’s current gradual recovery in price, attention has been drawn towards the asset as it prepares to be on the verge of closing its seventh consecutive monthly candle above the all-time high (ATH) of 2021. Renowned crypto analyst Moustache recently took to X to highlight this key milestone, emphasizing the importance of higher timeframes in trading. According to Moustache, the fact that Bitcoin is holding above its previous ATH every month is a strong indicator of support, which could…

The rejection of lower prices after the climactic drop in early August assuaged trades. Despite the welcomed recovery, Bitcoin bulls are yet to build on the momentum and break above the local resistance levels. Even so, traders are optimistic, expecting buyers to take charge and resume the uptrend set in motion in Q1 2024. In their forecasts, more analysts think any breakout above $72,000 and July highs could spark a wave of demand that may see Bitcoin record fresh all-time…

The post Bitcoin Price Surges Towards $62k as Fed Chair Jerome Powell Declares ‘Time for Policy Adjustment’ appeared first on Coinpedia Fintech News Federal Reserve Jerome Powell outlined the Federal Reserve’s next steps for monetary policy in his speech on Friday morning at the Jackson Hole Economic Symposium. This annual event in Wyoming serves as a critical platform for central bankers to discuss potential policy shifts, and Powell’s address could have significant implications for global markets. Investors are particularly eager…

The post Biggest Breakout! Bitcoin Surpasses $62,000—$71,000 Next? appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency has seen a notable breakout of the crucial $62,000 level after struggling for almost 20 days. Based on the price action and technical analysis, this is a breakout from a bullish ascending triangle, which may lead to a significant upside rally in the coming days. Biggest Breakout in Bitcoin This breakout alone may not be sufficient for a massive upside…

The post YouTube’s MrBeast Reveals $2 Million Bitcoin Holdings: An Inspiration for Young Investors! appeared first on Coinpedia Fintech News Young entrepreneurs are increasingly viewing cryptocurrencies as a promising investment, and MrBeast’s notable involvement is a prime example. Here’s a closer look at what we know about MrBeast’s crypto journey. How Much Bitcoin Does Mr Beast Hold? With his massive fan base, MrBeast holds considerable sway over his audience. When he revealed his cryptocurrency investment during a casual podcast, it…

In a week marked by economic anticipation and turbulence, the crypto market experienced a rollercoaster ride as the Bitcoin price surged and retreated in response to Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium. Bitcoin Price Rallies On Powell’s Dovish Tones Powell’s remarks struck a dovish tone, indicating that the central bank is open to further interest rate cuts in the coming months to address potential cooling in the labor market. This stance was positive for…

Data shows that Bitcoin investors still hold a sentiment of fear as the cryptocurrency’s price continues to consolidate. Bitcoin Fear & Greed Index Is Currently Pointing At ‘Fear’ The “Fear & Greed Index” is an indicator created by Alternative that, in short, tells us about the general sentiment present among the traders in the Bitcoin and wider cryptocurrency markets. To determine this sentiment, the index uses the data related to the following five factors: volatility, trading volume, social media sentiment,…