Bitcoin

Crypto investors are increasingly accumulating and holding digital assets, particularly Bitcoin, in anticipation of the upcoming US Consumer Price Index (CPI) data release. Market indicators suggest a shift towards accumulation, driven by investor sentiment and the potential implications of the CPI data on the crypto market. On-Chain Data Reveals Renewed Investor Confidence in Bitcoin A recent report from Glassnode highlighted a clear trend among crypto investors as the market recovers from last week’s sell-off. Despite prevailing uncertainty, many investors increasingly…

The post Crypto Market News Today: Bitcoin Jumps Above $61,000, Ethereum and Other Altcoins Rise, and SUI Faces Bearish Heat appeared first on Coinpedia Fintech News The crypto market is gearing up. The prices of the top cryptos are rising after fighting the bearish heat for over a couple of days. The global crypto market capitalization has recovered above $2.14 trillion, keeping bullish hopes alive. A notable decrease of over 23% in trading volume has been recorded in the past…

The post Crypto Market Makes A Bullish Comeback As Bitcoin Price Reclaims $61K! appeared first on Coinpedia Fintech News Over the past 24 hours, the crypto market has recorded a jump of 2.49% in valuation, from $2.09 Trillion to $2.14 Trillion. Further, it has recorded a trading volume of $63.94 Billion, a change of -23.72%. Notably, with a jump of 3.36%, the price of Bitcoin has reclaimed the $61,000 mark with a 24-hour high of $61,123.65. On the other hand,…

The post CoinShares CEO: ‘If You’re Not Profitable with Bitcoin at $60,000, When Will You Be?’ appeared first on Coinpedia Fintech News Jean-Marie Mognetti, CEO of CoinShares, shared some thoughts on the state of the crypto industry, especially concerning Bitcoin. In an interview with Thinking Crypto, he pointed out that many crypto asset management companies have been funded heavily by venture capital, with a lot of cash being burned without much focus on profitability. He said that if a company…

Though buyers stand a chance, Bitcoin is steady when writing, teetering at the $60,000 level. After rejecting August lows, the bounce above the round number at $60,000 to as high as $63,000 by the end of last week was impressive. However, from the daily chart, prices are moving sideways in a possible accumulation, bounded by the August 8 bullish engulfing bar. Bitcoin Is Moving Sideways And “Boring” Amid the optimism, the crypto market is quiet and even boring. Picking out…

Bitcoin price recovered above the $60,000 resistance zone. BTC is now struggling to clear the $61,200 and $61,500 resistance levels. Bitcoin started a recovery wave above the $60,000 resistance zone. The price is trading above $60,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $59,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it settles above…

On-chain data shows the Bitcoin whale entities have sold approximately $588 million in the cryptocurrency during the past week. Bitcoin Whales Have Made Large Selling Moves Recently As pointed out by analyst Ali Martinez in a new post on X, the BTC whales have sold around 10,000 BTC over the last seven days. The indicator of relevance here is the “Supply Distribution” from the on-chain analytics firm Santiment, which tells us about the total amount of Bitcoin that a given…

Veteran crypto analyst, Peter Brandt has uncovered an inverted or expanding triangle pattern in Bitcoin (BTC). Utilizing classical charting principles, Brandt analyzes the technical pattern formation, highlighting its potential impact on Bitcoin’s price trajectory. What Bitcoin’s Inverted Triangle Pattern Means On August 12, Brandt took to X (formerly Twitter) to shed light on a recent pattern formation in Bitcoin’s price chart. Sharing a price chart illustrating Bitcoin’s price movements from May 2023 to November 2024, the analyst identified a unique…

The post Will Bitcoin Crash? Whales Dump $600 Million of BTC appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency by market capitalization looks bearish and may crash once again. Today, on August 13, 2024, a prominent trader made a post on X (previously Twitter) that Bitcoin Whales have offloaded a significant Bitcoin as its price fell below $60,000. Why Bitcoin Can Crash? According to the post on X, these whales have offloaded a significant over 10,000…