Bitcoin

Bitcoin price is consolidating near the $57,500 zone. BTC could gain bullish momentum if it clears the $58,000 resistance zone in the near term. Bitcoin started a recovery wave above the $55,500 and $56,500 levels. The price is trading above $57,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $56,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to clear…

Over the past few days, Bitcoin (BTC) has seen a significant surge in whale accumulation. Ali highlighted that the “number of BTC addresses holding 100+ BTC increased from 15,913 to 16,006 during the recent correction. While this trend is noteworthy because it suggests whales bought the dip, Ki Young Ju, the CEO of CryptoQuant, an on-chain data aggregator, has spotlighted that it also suggests a calculated buildup of Bitcoin by influential players in the shadows. The Hidden Bitcoin Agenda Revealed Ki…

In a bold display of faith in the future of the largest cryptocurrency on the market, Bitcoin (BTC), MicroStrategy co-founder and executive chairman Michael Saylor has disclosed that he owns around $1 billion. Saylor’s Bitcoin Vision Unshaken In a recent interview with Bloomberg Television, Saylor disclosed that he has been steadily accumulating Bitcoin over the past several years and has no plans to sell any of his holdings soon. “I continue to acquire more,” Saylor stated. “I think it’s a…

Data shows the Bitcoin funding rates on exchanges have turned negative, a sign that the shorts have now become the dominant force in the market. Bitcoin Funding Rates Have Turned Negative After Market Crash As pointed out by an analyst in a CryptoQuant Quicktake post, the Bitcoin funding rates have seen a sharp decline recently. The “funding rate” refers to a metric that keeps track of the periodic fee that derivatives contract holders are currently exchanging with each other. When…

Crypto analyst Altcoin Sherpa recently suggested that the Bitcoin bottom isn’t yet in and that the flagship crypto could still drop to new lows. Meanwhile, other crypto analysts like Mikybull Cypto have made a case for why the bottom is in and suggested that it is unlikely that Bitcoin will drop below $50,000 again.  Bitcoin Bottom Is Likely At The $40,000 Range Altcoin Sherpa mentioned in an X (formerly Twitter) post that Bitcoin is more likely to find its bottom…

XRP is gaining momentum in the market, hinting at a potential climb to $2 if the current bullish trend in Bitcoin continues. This upward movement has sparked interest in which other altcoins might follow suit next month. The article delves into potential candidates poised for growth, offering insights for those keen on capitalizing on upcoming opportunities. Ripple (XRP) XRP, the coin associated with Ripple, aims to revolutionize cross-border payments. It processes transactions quickly and at very low fees, making it…

The post Michael Saylor Reveals MicroStrategy’s Bitcoin Buying Strategy appeared first on Coinpedia Fintech News On August 7, 2024, during an interview with Bloomberg, Micheal Saylor, the executive chairman and founder of MicroStrategy said there’s never a bad time to buy Bitcoin (BTC). He also added, “We believe in buying Bitcoin whenever we have cash or whenever we can raise money in the capital market.”  Micheal Saylor’s words on Bitcoin Saylor is a pro-Bitcoin, and under his leadership, MicroStrategy has…

The post Will Bitcoin Crash Again? Insights from Industry Experts appeared first on Coinpedia Fintech News The cryptocurrency market has seen a notable recovery in the last two days, where top assets Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced significant price surges. Amid this ongoing price recovery, the recent post by Julio Moreno on X (previously Twitter) has gained massive attention from the crypto community.  Expert says Bitcoin flashing bearish sign  Julio, the head of research at CryptoQuant, shared…

The post Bitcoin Price Prediction: Could $40,000 Be the Best Time to Buy Bitcoin? Experts Say Yes! appeared first on Coinpedia Fintech News Bitcoin (BTC) has recently fallen below the $50,000 mark, driven by the Bank of Japan’s interest rate increase and a sharp drop in the Japanese stock market—the largest since 1987. Markus Thielen, CEO of 10X Research, believes buying Bitcoin now could be risky. However, other analysts see signs of a potential recovery. Thielen still thinks $40,000 is…