BTC

Nolus, the cross-chain lending protocol that supports leveraged borrowing while reducing risk, has announced an expansion to its available assets. In the coming weeks, Nolus will introduce support for volatile base currencies, starting with BTC and ETH, that will enable users to go long and short on these assets and to earn additional yield from the respective liquidity pools. The upgrades to Nolus arrive off the back of a fresh funding round that’s taken its total capital raised to $3.5M.…

Bitcoin (BTC) has returned to a resistance band stretching from $58,000 to $59,000. This horizontal resistance level is the key for Bitcoin to go higher. Can the number one cryptocurrency battle through, or will it be rejected? Positive CPI data bolsters case for rate cuts Bitcoin is no doubt influenced by the ebb and flow of the world economies. In the U.S., the year-on-year CPI inflation data came in low at 2.5%, which is just a 0.2% increase for the…

The post Whale Withdraws 800 BTC from Binance Despite $40M in Losses! appeared first on Coinpedia Fintech News As the crypto market bounced back, a whale withdrew 800 BTC worth approximately $45.37 million from Binance. This whale has a history of making poor trades and often entered at high prices, resulting in significant losses. To date, the whale has accumulated more than $40 million in losses. The wallet address associated with these transactions is 3G98jSULfhrES1J9HKfZdDjXx1sTNvHkhN.

The post Bitcoin News Today : Will Miner Sell-Off Trigger BTC Price Crash Amid U.S. Interest Rate Cuts? appeared first on Coinpedia Fintech News Bitcoin (BTC) miners play a fundamental role in securing the network and also producing new coins. Since the fourth Bitcoin halving earlier this year, BTC miners have been readjusting their operations to match the rising difficulty. Moreover, the Bitcoin block reward declined from 6.25 coins to about 3.125 units every ten minutes, thus making it difficult…

The crypto market is currently witnessing a rebound, with Bitcoin (BTC) rising to nearly $57,000 and Ethereum (ETH)seeing a similar uptick. However, amidst these positive movements, both market leaders could be under threat from a rising contender: GoodEgg (GEGG). With its AI-driven, meme-based platform, GoodEgg has garnered significant attention, and if this emerging cryptocurrency hits the $2 mark, it could disrupt the dominance of BTC and ETH. Bitcoin and Ethereum Show Signs of Recovery After a challenging weekend where Bitcoin  briefly dropped to $53,000, the market is showing signs of…

Bitcoin (BTC) briefly hit $58,000 early in today’s session, but selling pressure forced the price back below $57,000. The world’s largest cryptocurrency continues to face resistance at upper levels, causing bulls to lose momentum.  Analysts are worried BTC and the larger crypto market may be slipping into a bear market given its inability to reclaim the $60,000 level and move to the 200-day SMA. This is why BTC’s recent gains have been met with skepticism. Exchange inflows have also registered…

With a possible 2.5% CPI figure due to be released later on Wednesday, the stage is being set for a potential 50 basis points cut in interest rates by the Federal Reserve a week from now. While a trend reversal to the upside for Bitcoin may not be imminent, it could now be baked into the cake for this last quarter of the year. Lower CPI figure expected According to the Kobeissi Letter account on X, the big U.S. banks…

The post BTC and ETH ETFs See Strong Inflows Amid U.S. Presidential Debate appeared first on Coinpedia Fintech News Bitcoin ETFs recorded a $117 million net inflow on September 10th, with Grayscale’s mini BTC ETF and Fidelity’s FBTC ETF leading the way with $41.128M and $63.1561M inflows, respectively. With a boost in buying pressure, the surge in inflow marks the first time in 36 days that no U.S. Bitcoin ETFs saw outflows. Further, the Ethereum ETFs registered a net inflow…

The post Bitcoin Whales Buy $14.2 Billion Worth BTC in Past Two Months: Report appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency has been in a choppy range for more than six months. However, in the past few weeks, investor and whale interest has peaked. On September 10, 2024, a prominent crypto analyst made a post on X (previously Twitter) that in the past two months, over 236,155 BTC worth $14.22 billion have been withdrawn from…