Bitcoin

The Bitcoin price continues to trade sideways, as uncertainties on the macro side have made investors undecided about their next move. Crypto analyst Michael van de Poppe has provided insights into Bitcoin’s price trajectory and has raised the possibility of the crypto dropping to as low as $48,000.  What Could Make Bitcoin Drop To As Low As $48,000 Van de Poppe mentioned in an X (formerly Twitter) post that Bitcoin could break below $56,000 and drop to a price target…

The post Is Toncoin’s (TON) Bullish Breakout an Indicator of Similar Price Action on Bitcoin? appeared first on Coinpedia Fintech News The altcoin industry has signalled an inevitable bullish move ahead despite the heightened fear of further capitulation by the end of August and September. Bitcoin’s (BTC) dominance has already flashed a potential cycle top after reaching a high of about 57.67 per cent.  Amid the anticipated historical altseason anticipated ahead, the crypto cash rotation to large-cap altcoins can be…

The post Crypto Market Correction: Bitcoin Slumps To $58K, Ethereum Retests Its $2.6K Level! appeared first on Coinpedia Fintech News With the cryptocurrency market failing to hold its bullish sentiment, it has recorded a correction of 3.69% within the past day, from $2.11 Trillion to $2.06 Trillion. Despite a positive CPI data release, the market leader, Bitcoin price has plunged 4.38% and is currently hovering close to its $58,000 level. However, the Ethereum price has sustained its value above the…

As Bitcoin has become more mainstream, more and more institutions are beginning to hedge their bets with the cryptocurrency. Over the last four years, institutions have grown their holdings exponentially, and the result of this is that these large institutions have become the more dominant holders of Bitcoin. So much so that at this time, the top Bitcoin wallets no longer include any private holders besides Bitcoin creator Satoshi Nakamoto. Top 10 Bitcoin Wallets Revealed In an X (formerly Twitter)…

Bitcoin has continued to see a blend of bulls and bears without any major high achieved since its renewed peak above $73,000 in March. So far, the asset has ranged below $60,000 in the past week, as it appears to face resistance whenever it reaches that price mark. However, several analysts and experts share their optimistic outlook on top crypto despite this. Sminston With, a prominent Bitcoin researcher, recently offered an interesting forecast on BTC based on a detailed examination…

zkBTC, an L2 scaling solution built atop the Bitcoin (BTC) blockchain, is making waves across the global Bitcoin community with its recent announcement of a $100,000 prize pool for participants at the 2024 Bitcoin Olympics Hackathon. This initiative aims to advance Bitcoin ecosystem development, improve scalability, and showcase zkBTC's technical expertise. Supported by incubation firm Lunar Digital Assets, the project is committed to scaling Bitcoin while preserving its core principles of decentralization and trustlessness. Moreover, zkBTC is forming strategic alliances…

Fear is running through the crypto market as the $BTC price continues to fall. Large $BTC transfers from the U.S. government and Mt.Gox wallets are causing consternation. Bitcoin is on the brink once again at $58,000. Is another crash lower about to take place? Large-scale selling about to happen? According to Arkham Intel, 10,000 $BTC, originating from the notorious Silk Road operation, and belonging to the U.S. Government, were sent to a Coinbase Prime deposit wallet on Wednesday. This could…

According to on-chain data, the US government transferred 10,000 Bitcoin (BTC) to Coinbase Prime, an institutional trading platform. This transaction, worth approximately $593.5 million, notably influenced the crypto market trends. The Bitcoin originated from the Silk Road DOJ Confiscated Funds, a government-managed account. Is the US Government Planning to Sell Bitcoin? Observers are speculating about the government’s motives, as such deposits to exchanges typically suggest a potential sale. However, the context indicates a strategy more aligned with custodial intentions, particularly…

Bitcoin’s (BTC) price appears to be in a precarious situation as major stakeholders, often referred to as crypto whales, have reportedly paused their buying activities. This halt in purchases has sparked concerns about Bitcoin’s future valuation, particularly as technical patterns indicate a bearish trend. Historically, such trends have been associated with prolonged downswings or periods of consolidation. Crypto Whales Step Back as Bitcoin Turns Bearish Recent data from Lookonchain suggests that institutions have stepped back from Bitcoin purchases, coinciding with…