Bitcoin

The post Hard Hit Altcoins Set to Lead Recovery as Bitcoin Approaches $70K: Key Tokens to Watch appeared first on Coinpedia Fintech News The cryptocurrency market is on the cusp of a major bullish trend, with Bitcoin leading the charge. Several altcoins showing signs of breakouts and among the notable performers are Render, which is gaining momentum, and Chainlink, which has started to break out. The Graph is on the verge of a strong breakout, while Stacks is also showing…

With each month, the Bitcoin performance can vary widely depending on how investors are feeling toward the market. Years of monthly return data available for the cryptocurrency have led to investors and analysts trying to pinpoint the cryptocurrency’s next move based on historical performance. As the month of August draws to a close, Bitcoin investors are already looking toward September in hopes that the new month will come with better tidings. Bitcoin Looks To End August On A Negative Note…

Bitcoin is seeing an uptick following its recent reclaim above the $60,000 mark in the past day. Amid this price performance, renowned crypto analyst Mags on Elon Musk’s social media platform X shared his latest asset analysis. According to Mags, Bitcoin could be poised for a major rally, driven by factors related to the USDT dominance (USDT.D) and the forming technical chart patterns. Bitcoin On The Verge Of A $72,000 Rally? Mags explained that the inverse correlation between USDT dominance and Bitcoin’s price is…

Bitcoin (BTC) has been gathering some momentum in the crypto sphere lately, crossing the $60,000 mark against multiple analysts’ signals. The world’s leading cryptocurrency has been on a wild ride, with its price fluctuations going haywire during the past few weeks. Bullish Factors Driving Bitcoin Price One major driver behind the recent price surge in Bitcoin is the understanding that a spot Bitcoin ETF is likely to be approved by the SEC. With immense anticipation of such a decision from…

All eyes are on Bitcoin (BTC) after it reclaimed the $61,000 mark, following the release of the Federal Open Market Committee (FOMC) minutes. The recent price movement has reignited interest in the cryptocurrency, especially given Bitcoin’s correlation with global liquidity. This correlation also draws attention to the US dollar index (DXY), as changes in the DXY can impact BTC. Typically, when the dollar weakens, Bitcoin strengthens due to investors seeking alternative assets.  DXY Records New 2024 Lows: a Look at…

The post Bitcoin Struck in a Zone, What Will Happen Next? appeared first on Coinpedia Fintech News The last few weeks have been a rollercoaster ride for Bitcoin Investors and traders. It has been very hard to say if BTC will rise or plummet. In this whole confusion state, investors lost millions in trades. However, bitcoin whales have been accumulating. It has been a full month since Bitcoin last touched the $70k mark. Let’s understand what has been happening in…

The post Bitcoin (BTC) Price Holds Strong at Key Level for Six Months: What’s Next? appeared first on Coinpedia Fintech News Bitcoin has been showing resilience on the monthly chart, consistently maintaining a key support level that once marked its old all-time high. However, it’s price is currently facing challenges after a failed attempt to break above the $61,000 level. As of now, Bitcoin (BTC) has rise to around $60,525, perhaps down from a 24-hour high of $61,158, marking a…

After experiencing a significant 25% pullback earlier this month, plunging to the $49,000 level, the king of cryptocurrencies, Bitcoin (BTC), has managed to consolidate above the crucial $60,000 support for the last 24 hours. However, Bitcoin’s journey toward further price appreciation has been without obstacles. The digital asset has been unable to surpass higher resistance levels, which technical analysts deem essential for a retest of the all-time high levels reached in March. What On-Chain Metrics Reveal According to a recent…

Mt. Gox creditors aren’t selling their Bitcoin, and the Spot Bitcoin ETFs continue to buy for the institutions. Technical indicators are signalling a sea change - is the Bitcoin price set for lift-off? Bitcoin holders not selling - Fear is dissipating A sea change is rolling across the entire cryptocurrency market. The much-feared sell-offs from well-known entities don’t appear to have materialised in any great amounts. Savvy creditors who have received their Bitcoin are perhaps speculating that this Bitcoin bull…