Bitcoin

The post Mt. Gox’s Last $34,822 BTC Payment: Will a Massive $2 Billion Bitcoin Dump Crash the Market? appeared first on Coinpedia Fintech News Mt. Gox repayment is in its final stage now. The insolvent exchange has tied up with 5 crypto exchanges to process the repayments for creditors since the 2011 hack. These exchanges include Bitbank, BitGo, Bistamp, Kraken and SBI VC trade, a Japanese exchange. Out of these 4 have already received and paid to most of the…

The post Bitcoin (BTC) Price At Risk of Dropping Below $50K Again : Here’s Why appeared first on Coinpedia Fintech News In the past 24 hours, the cryptocurrency market has grown by 1.6%, reaching a total value of $2.08 trillion. However, this gain is tempered by a recent sell-off from a peak of $2.15 trillion—just around the midpoint of the last 30 days. Although prices have risen since yesterday, there’s a noticeable selling trend as prices go up. The market…

In a new essay, Arthur Hayes, the co-founder of crypto exchange BitMEX, has outlined a bullish future for Bitcoin and altcoins. His analysis, focused on the interplay between government liquidity operations and asset prices, suggests a looming bull market in the crypto space, driven by strategic fiscal maneuvers by the US Treasury. When Will The Bitcoin Bull Run Return? Hayes compares the quality of water in brewing coffee to the liquidity in financial markets, illustrating that just as the quality…

Despite very poor sentiment for Bitcoin (BTC) that is being felt across the entire market, Bitcoin still looks incredibly bullish. This current market shakeout could be the one before the king of the cryptocurrencies finally heads skywards. Are you still in this trade? Fear still pervades the market Sentiment for Bitcoin is still very much in the region of fear. In the crypto press and across social media news such as “the whales are selling”, is rife. The Fear and…

Source: Depositphotos The multi-chain landscape and Bitcoin have inched closer following Aurora Labs’ release of a Bitcoin Light Client and Relayer. Their deployment brings reliable Bitcoin data to NEAR for the first time, allowing developers to create dapps that execute smart contracts based on BTC onchain activity. The move is a precursor to deeper Bitcoin integration on NEAR. Light Client Brings Bitcoin Closer to NEAR  Interoperability on NEAR has been given a major boost with the deployment of dual Bitcoin-based…

The post Bitcoin Faces Immense Pressure As Whales Dump $600M Worth BTC Last Week appeared first on Coinpedia Fintech News Bitcoin is facing immense pressure and has been consolidating around the $59,000 price range. Ali Martinez, a renowned investor and on-chain analyst, has revealed that Bitcoin whales are becoming bearish in recent days. He disclosed that some of the biggest Bitcoin whales have sold over 10,000 BTC in the last week, which is estimated to be worth around $600 million.…

El Salvador has secured a landmark $1.6 billion investment from Turkey’s Yilport Holding to propel its Bitcoin City project. President Nayib Bukele announced this strategic partnership, which will modernize two critical seaports in the country. Additionally, it will provide the necessary infrastructure for the ambitious project. $1.6 Billion Investment to Modernize Ports, Kickstart Bitcoin City In his X (Twitter) post, President Bukele revealed that Yilport Holding’s investment also marks the largest private investment in El Salvador’s history. According to Stacy…

The post Crypto Market Records A Bullish Rebound As Bitcoin Reclaims $60K, Ethereum Hits $2.65K! appeared first on Coinpedia Fintech News Reportedly, over the past day, the crypto market has recorded a jump of 1.72% in valuation and is currently valued at $2.09 Trillion. Furthermore, it recorded a total trading volume of $83.85 Billion, a change of +41.41%. Notably, the market leader, BTC price had successfully reclaimed the $60K mark with a 24-hour high of $60,680.33 and is currently valued…

The post Metaplanet Inc. Bolsters Bitcoin Holdings with $3.3 Million Purchase appeared first on Coinpedia Fintech News Japan-based publicly traded company Metaplanet Inc. has reaffirmed its commitment to the Bitcoin (BTC) plan. According to Simon Gerovich, the CEO of Metaplanet, the company has completed the purchase of 57.103 Bitcoins, worth about 500 million yen or around $3.3 million. Gerovich noted that today’s Bitcoin purchase aligned with the 1 billion yen loan announced on August 8. As a result, Metaplanet now…