Bitcoin

Following the Bitcoin price crash below $60,000, hopes for the BTC price to reach a new all-time high, at least for the short-term, seem to have been shattered. However, over the long term, analysts still expect that the Bitcoin price will still rebound from here. One of those who believe that the BTC price will still reach a new all-time high is CryptoQuant CEO Ki Young, but there is a caveat to this rally. Bitcoin Price Must Hold $45,000 In…

As long-dormant Bitcoin wallets have unexpectedly sprung back to life and have transferred millions of dollars worth of BTC, the bitcoin realm has been humming with activity. The crypto community has been interested in these movements as they raise issues about the possible influence on the market. Mined only one year after the launch of the first bitcoin, it has been unaltered till today. Early on in 2010, the miner had painstakingly accumulated 250 BTC using five wallets. The value…

After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them.  However, the leading cryptocurrency has quickly retraced over 3% in the past few hours, slipping back towards the $54,900 level, suggesting a possible continuation of the prevailing downtrend. BTC’s CME Gap & Bearish Indicators Crypto analyst Rekt Capital weighed…

The post Top 5 Must-Have Cryptos in August 2024: Best Portfolio Strategy Unveiled as Bitcoin Slows Down appeared first on Coinpedia Fintech News As the crypto market heats up in August 2024, discovering the top coins to buy can make a big difference. While Bitcoin’s (BTC) recent metrics reflect a dip in market enthusiasm, leading many to reconsider their positions, altcoins present a compelling alternative.  Industry experts have pinpointed the 5 must-have cryptocurrencies this month and outlined the best strategy…

Bitcoin is currently witnessing a notable pattern on its chart. With the asset undergoing a bullish and bearish trend over the past month, Barchart, a financial market data provider, has revealed that BTC is facing an “Imminent Death Cross Formation.” This formation comes against Bitcoin’s recent significant dip on Monday when the asset lost thousands in value, dropping to as low as $49,781. Death Cross And The Implication For Bitcoin A death cross is a technical chart pattern indicating the…

Bitcoin (BTC) appears to have shrugged off the heavy selling of last weekend into Monday, and is continuing to recover in price. Currently battling strong resistance around $57,000, can $BTC break through to the next big resistance at $61,000? Bulls take back control Bulls have taken back control of the Bitcoin price, and not in a tentative way. Since last weekend’s collapse, when the only asset available to sell for hedge funds trying to vacate their yen carry trade positions…

The International Monetary Fund (IMF) is in discussions with El Salvador to address the macroeconomic and financial risks associated with Bitcoin (BTC). These talks aim to create a complete plan to manage risks, ensuring El Salvador’s economy stays stable and grows while using Bitcoin as a legal tender. Fiscal Stability Focus: IMF’s Plan with El Salvador On August 6, the IMF released a statement highlighting the progress made in the ongoing negotiations. An IMF mission, led by Raphael Espinoza, engaged…

“Black Monday.” That is what the broader market termed Bitcoin’s (BTC) price correction from $58,000 to $49,000 on August 5. For experienced players who have seen the bull and bear of different cycles, that incident was not surprising. While the event caused a plethora of large-scale liquidations, participants may wonder whether that was the worst one-day correction. This on-chain analysis gives more context to this thought. Bitcoin Not Overvalued Yet, Future Gains Possible To answer this question, BeInCrypto looks at…

The post Crypto News Today : Institutional Investors Fuel Crypto Rally; Bitcoin and XRP PriceSurge appeared first on Coinpedia Fintech News The total crypto market cap edged 2 percent higher towards $2.1 led by Bitcoin (BTC) and Ripple Labs-backed XRP. Following the heightened crypto volatility, more than $215 million was liquidated from the crypto industry in the last 24 hours, mostly involving long trades.  According to the latest crypto data, Bitcoin price rallied nearly 4 percent in the past 24…