Bitcoin

The post Why Has the Bitcoin Price Become Too Volatile? Here’s When It May Hold the Support at $60,000 & Thrive appeared first on Coinpedia Fintech News Ever since the Bitcoin price dropped heavily in the first few days of the month, the volatility rate has jumped extensively. With every minor jump, the markets are experiencing massive pullbacks, bringing the levels back to their initial positions. With the latest drop, the possibility of a sustained recovery may have been paused…

The post Is Bitcoin (BTC) Price Heading for $70K Breakout or $40K Crash? appeared first on Coinpedia Fintech News Bitcoin (BTC) price slipped 4 percent in the past 24 hours to trade about $58,413 on Thursday, during the early Asian session. Therefore, the flagship coin is currently retesting the support level around $58k after being rejected severally at the resistance range between $61k and $62k.  Following the recent daily death-cross between the 50 and 200 Moving Averages (MAs), the fear…

As the 2024 presidential election approaches, the idea of the United States government establishing a strategic Bitcoin reserve is gaining momentum. This potential policy shift has been championed by former President Donald Trump and pro-crypto Senator Cynthia Lummis, who see it as a novel way to help pay down the country’s $35 trillion national debt. The concept was recently explored in depth by Bitcoin-focused financial institution River in a detailed video analysis, arguing that accumulating Bitcoin as a strategic reserve…

Tron price is rising from the $0.1250 zone against the US Dollar. TRX is outperforming Bitcoin and could rise further above $0.1320. Tron is moving higher above the $0.1280 resistance level against the US dollar. The price is trading above $0.130 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.1305 on the hourly chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher toward $0.1335…

On-chain data suggests the Bitcoin price found its bottom following the recent crash around this important investor cost basis level. Bitcoin Found Its Bottom Near Active Investor’s Cost Basis According to the latest weekly report from Glassnode, Bitcoin formed its recent bottom near the cost basis of the “active investors.” To understand what this level represents, two other indicators need to be looked at first: the Realized Price and the Liveliness. The Realized Price refers to the cost basis or…

The market’s bullishness has now spread to altcoins with Bitcoin SV capturing some of its momentum. According to CoinGecko, the token is up over 10% since last week, becoming one of the top gainers within this market environment. With private equity enjoying gains as well, the bullishness has leaked to the crypto market, turning the early August wipe into well-deserved upticks.  Bitcoin SV On Good Price Range For A Breakout As of writing, the token sits right in the middle…

Bitcoin price failed to clear the $61,500 resistance zone. BTC is now retesting the $58,000 support and might attempt a fresh increase. Bitcoin started a fresh decline from the $61,500 resistance zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $59,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it…

The post Why Goldman Sachs Is Betting Big on Bitcoin ETFs: $419M Investment Revealed appeared first on Coinpedia Fintech News Goldman Sachs, one of the biggest banking players, is taking serious moves into the cryptocurrency world. According to their latest filing with the SEC, Goldman Sachs now holds a massive $419 million in various Bitcoin ETFs. Let’s explore their motives and playout behind crypto investments. A Closer Look at Their Portfolio One of the standout investments in their portfolio is…

The post Selloff Ahead? $594 Million Bitcoin Moves to Coinbase Prime appeared first on Coinpedia Fintech News After a significant 33,105 Bitcoin (BTC) worth $2.19 billion move from Mt Gox. wallet, another wallet moved a significant BTC to Coinbase Prime.  On August 14, 2024, security intelligence firm Arkham made a post on X stating that the wallet address “bc1ql,” which received 10,000 BTC worth $593.5 million from the US Government wallet two weeks ago, has recently transferred to Coinbase Prime. …