Bitcoin

The post Crypto Market Correction: Bitcoin Retests $56K Mark, Ethereum Price Holds $2,500 Level! appeared first on Coinpedia Fintech News The cryptocurrency market has recorded a strong bearish action over the past day. Notably, with a trading volume of $74.7 Billion (+7.40%), the valuation has recorded a drop from $2.08 Trillion to $2.05 Trillion, a change of -1.23%. Moreover, the price of Bitcoin failed to hold momentum, resulting in it retesting its low of $56,000 during the early Asian trading…

Bitcoin is trading for $59,545, a slight increase of 0.5% in the past 24 hours. Although little, this surge in its price is quite noteworthy as it comes against the backdrop of Bitcoin’s price plunging as low as $57,812 earlier today. Regardless of this modest recovery, a recent analysis by a CryptoQuant author on the CryptoQuant QuickTake platform has revealed that Bitcoin might now be approaching a precarious position. Bears At The Gates? Analyzing BTC’s Vulnerable Stance According to the…

Bitcoin (BTC) is showing strong signs of an imminent price surge, according to top market analysts, who point to a confluence of bullish factors in the cryptocurrency’s favor. However, after hitting a 6-month low of $49,000 on August 5, BTC has hovered between $58,000 and $60,500 for the past week. However, the dip below all-time highs of $73,7000 reached in March of this year may be short-lived, as evidence mounts that the market’s largest digital asset is poised for a…

As $1.86 billion in Bitcoin (BTC) and Ethereum (ETH) options approach expiration, the crypto markets are grappling with heightened volatility, spurred by lower-than-expected US Consumer Price Index (CPI) data. With the markets reacting sharply to this economic indicator, traders are preparing for potential price swings as the deadline approaches. What’s Next for Bitcoin and Ethereum Options Market Post-Expiry? Analysts Weigh In According to Deribit, nearly $1.4 billion in Bitcoin options are set to expire, with a maximum pain point of…

Bitcoin has observed a pullback down to the $58,000 level during the past day. Here’s what could be the cause behind it, according to on-chain data. Exchanges Have Seen A Large Amount Of Tether Withdrawals Recently According to data from the market intelligence platform IntoTheBlock, centralized exchanges have recently seen a Tether (USDT) outflow spree exceeding $1 billion. Investors usually keep their coins in exchanges when they want to trade them in the near future, so them making the move…

As Bitcoin aims for the $65,000 mark, investors are on the hunt for other cryptocurrencies poised for significant gains. Curiosity surrounds which altcoins could surge alongside Bitcoin, presenting a golden opportunity to buy them now at lower prices. Discover three promising options in this article that might skyrocket if Bitcoin hits its target. Uniswap (UNI) Uniswap (UNI) is navigating a period of volatility with its price fluctuating between $4.96 and $6.64. Despite recent challenges, including a 27% decline over the…

The post SEC Approves First Ever Leveraged MicroStrategy ETF: A New Gateway to Get Bitcoin Exposure appeared first on Coinpedia Fintech News The SEC has approved MSTX, the first leveraged single-stock ETF targeting MicroStrategy, a company known for its significant Bitcoin holdings. This approval is a key moment for both traditional and crypto markets, as MSTX increases MicroStrategy’s daily stock movements by 175%, offering investors a more powerful way to gain exposure to Bitcoin through MicroStrategy’s large holdings. SEC Approves…

Recently, crypto analysts have been attracted to Bitcoin Cash (BCH); Alan Santana provided an extremely intricate analysis concerning the coin’s future. He advises investors though to hold off on accumulating BCH until the market shows clearer signs of stability. The cautious outlook for Santana was based on the notion that, from his belief, the correction in the market wasn’t over yet. He indicated that BCH still might be due for a little room down to the bottom, likely to precede…

Despite the muted performance of Bitcoin in recent months, the 13-F filings for the spot exchange-traded funds (ETFs) paint a bullish picture for the BTC price. Bitwise Chief Investment Officer (CIO) Matt Hougan has shared a recap of the three most interesting takeaways from the Q2 filings via X. His findings underscore a growing and sustained institutional interest in Bitcoin, pointing towards an bullish outlook. #1 Increased Institutional Bitcoin Adoption Hougan highlights an impressive rise in institutional engagement with Bitcoin…