Bitcoin

Metaplanet’s stock surged 12% after the Japan-based investment firm expanded its Bitcoin (BTC) holdings. Following its commitment earlier this month, the company invested 500 million yen (approximately $3.4 million) into Bitcoin. Japan continues to strengthen its position as a leader in cryptocurrency adoption. With the yen weakening and government officials issuing warnings, more investors are turning to digital assets as a hedge.  Metaplanet Completes 1 Billion Yen Worth Bitcoin Purchase In an August 8 commitment letter, Metaplanet announced plans to…

The post When Will the ‘Terrible-Boring’ Time End? When Will Bitcoin & Altcoins Initiate a Steep Surge? appeared first on Coinpedia Fintech News The first few months of the year were pretty fascinating, with enough bullish and bearish activity that propelled the markets to new highs. Ever since the markets dropped from these levels, the bulls have failed to attract the bulls as the levels remain consolidated within a lower range. The prices of the majority of the tokens have…

The post As Bitcoin Hits $61K, Will These Top Meme Coins Surge 2x? appeared first on Coinpedia Fintech News With the BTC price hitting the $61k mark, meme coins are finding a boost in their search trends. Such that, the top meme-based cryptocurrencies are gearing up for reversals and breakout runs to lead the bull run.  So, let’s take a quick look at the top meme coins that are ready for a bull run this week.  Top Meme Coins To…

Zach Pandl, Grayscale Investments’ managing director, has boldly predicted that the price of Bitcoin will surge regardless of who wins in the upcoming US presidential election. He said this potential increase is because of macroeconomic trends, most especially pertaining to the assumed depreciation of the US dollar. According to Pandl, the fact that Bitcoin has a supply capped makes it an excellent hedge against inflation and monetary debasement as the US government continues to sustain more debt, now approaching a…

A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, the analyst noted that this bullish projection would occur only when certain conditions are met.  Bitcoin Could Rise To $100,000 In an X (formerly Twitter) post on August 15, Jamie Coutts, the Chief crypto analyst at Real Vision shared his bullish expectations for Bitcoin in 2024. The analyst predicts that…

Fear still pervades the crypto market. Bitcoin (BTC) has managed to stay above the important $58,000, but sentiment is still poor. However, certain macro indicators have now signalled that a big change is coming. Is Bitcoin about to do the unexpected and head back to the all-time high? A long period of consolidation was necessary When Bitcoin started its wild ride upwards in September 2023, not many were expecting the eventual 196% gain, equivalent to $49,000 in the space of…

The post Why is Bitcoin Price Up Today? BTC Price Follows Asia’s Nikkei 225, Hits $60.5K appeared first on Coinpedia Fintech News Bitcoin (BTC) price closely followed Asia’s Nikkei 225 in a bullish recovery on Tuesday. The flagship coin pumped over 3 percent in the past 24 hours to trade about $60.5k on Tuesday during the early Asian session. As a result, almost the entire crypto industry followed the same path, led by Binance Coin (BNB), Ripple-backed XRP, and Tron…

On-chain data shows that Bitcoin investors have ended their net profit-taking spree recently, a potential sign that a price reversal could occur soon. Bitcoin Daily Realized Profit Loss Ratio Has Dipped Below 1 Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, realized losses have started to exceed profits recently. The on-chain metric of interest here is the “Daily Realized Profit Loss Ratio,” which, as its name suggests, tells us about how the Bitcoin…

Bitcoin (BTC) is currently in red regarding price performance, dragging the rest of the crypto market along with it. Amid the continuous bearish price action, the latest data has revealed that Bitcoin short-term holders now face losses compared to their initial purchase prices. Onchain data expert James Check highlighted this in a recent post on X, disclosing that over 80% of Bitcoin’s short-term holders, those holding their BTC for less than 155 days, have bought their tokens at prices higher…