Bitcoin

In the aftermath of a tumultuous week that saw Bitcoin (BTC) plummet to a seven-month low of $49,000 on Monday, global financial markets were rattled by a significant downturn, sparking concerns across stock exchanges and the crypto sphere.  However, amid the chaos, Bitwise’s Chief Investment Officer Matt Hougan analyzed the drivers behind the recent market meltdown. He explained why he believes traders’ fears may be misplaced and that the market dip holds key opportunities for potential Bitcoin price appreciation. Crypto Crash…

The post Why Metaplanet’s $70 Million Bitcoin Bet Could Change Japan’s Financial Landscape Forever appeared first on Coinpedia Fintech News In a bold move, a well known Japanese public company, Metaplanet has revealed their plans to increase their Bitcoin holding. By raising around $60 million, they plan to have a significant expansion in their Bitcoin holding. Let’s explore why they are planning to invest so huge in Btc. What’s the Plan? Currently, they hold 246 Bitcoins worth around $13.4 million. Metaplanet…

The cryptocurrency market recently experienced a downturn as Bitcoin has dipped from a high of $70,000 to below $61,000 in recent days. The bearish momentum could be attributed to the recent weak job report triggering a market-wide crash. This downward trajectory has triggered a debate casting a glow at altcoins led by Solana and Cardano, which witnessed notable milestones in their ecosystem.  Amidst this development, PawFury is emerging as a presale project to watch, promising high returns with seemingly predictable…

As Bitcoin and Ethereum bounce back, the crypto landscape is buzzing with anticipation. Industry experts have identified three promising cryptocurrencies that are set for substantial gains next month. Dive into the details to discover which digital assets are primed for remarkable growth and why these tokens are capturing the attention of savvy investors. Monero (XMR)  Monero (XMR) is currently trading between $138 and $164, showing resilience despite recent market challenges. Although prices have dropped about 8% this week and nearly…

The post Bitcoin Whales Buy the Dip, adds $1.62 Billion of BTC appeared first on Coinpedia Fintech News In the recent market crash, Bitcoin whales took the opportunity to add notable amounts of Bitcoin (BTC) the world’s biggest cryptocurrency in terms of market capitalization. On August 6, 2024, a prominent analyst made a post on X (previously Twitter) that in the last 48 hours, whales had accumulated over 30,000 BTC worth $1.62 billion.  BTC Whales add 30k BTC in the…

Austin, USA, August 6th, 2024, Chainwire Bitcoin Startup Lab has initiated the Bitcoin Olympics along with other Bitcoin industry leaders, the largest online Bitcoin hackathon to date. Running from August 1st to 27th, the event will culminate in an award ceremony at BTCON on September 4th, celebrating the achievements of participants and the collaborative efforts of Bitcoin Olympics Partners and the Bitcoin ecosystem. Event Highlights Bitcoin Startup Lab, in partnership with leading Bitcoin innovators, has established a projected prize pool…

Capula Investment Management, Europe's fourth-largest hedge fund, has made significant investments in Bitcoin exchange-traded funds (ETFs).  Details of the Investment According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Capula reported holding $464 million in spot Bitcoin ETF shares as of June 30, 2024. The filing revealed that Capula's Bitcoin ETF holdings include shares from both BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC). Despite the overall market downturn affecting Bitcoin's value…

The post Top Altcoins to Survive the Crypto Crash: Experts Spot 3 Metrics Signaling Bitcoin Reversal appeared first on Coinpedia Fintech News The crypto market is currently in a dip, with Bitcoin (BTC) falling 30% from its peak. A glimmer of hope appears: the tides may be shifting. A Bitcoin (BTC) bounce is looking increasingly likely, and that could be the tipping point that sends the market into a bullish turnaround. Ethereum (ETH), Solana (SOL), and others present promising opportunities…

The post Secret $30 Billion QE Boost: Will Bitcoin Skyrocket as Hidden Liquidity Floods Markets? appeared first on Coinpedia Fintech News Renowned crypto analyst Michael van de Poppe suggested that Quantitative Easing (QE) is happening quietly, with about $30 billion being added each month through Treasury Buyback Operations. This increase in global liquidity, he hints, could have a significant impact on crypto markets, mainly for Bitcoin. The Quiet Return of QE Quantitative Easing (QE) is a monetary policy where central…