BTC

Japanese early-stage investment company Metaplanet purchased an additional $2 million worth of Bitcoin today, reaffirming the firm’s trust in the leading digital asset. ‘Japanese MicroStrategy’ Bolsters Its Bitcoin Reserves In an announcement on September 10, 2024, Metaplanet said it had increased its cryptocurrency holdings by 38.464 BTC, bought for approximately 300 million yen ($2 million). The latest purchase brings Metaplanet’s total holdings to 398.832, with a total aggregate cost of 3.75 billion yen ($26 million), averaging slightly above $65,700 per…

The post Bitcoin Short Squeeze Alert: BTC Price Pump to $59k Around the Corner? appeared first on Coinpedia Fintech News The recent Bitcoin (BTC) price rally above $56k has raised expectations of further crypto rebound in the coming days. Bitcoin’s daily Relative Strength Index (RSI) has been forming a bullish divergence amid the rising demand from whale investors.  Furthermore, the US spot Bitcoin ETFs posted a net cash inflows of about $28 million on Monday, led by Fidelity’s FBTC. Additionally,…

Bitcoin (BTC) is inching towards the $57,000 mark after registering an almost 4% increase over the past 24 hours. BTC bulls are trying to push the price back inside the range, indicating that markets have rejected the current breakdown. However, BTC’s recent recovery has failed to rekindle investor interest in crypto or crypto startups.  According to Graph Foundation director Eva Beylin, growing interest in AI startups could be diverting funds from crypto and crypto startups, suggesting that diminished investor interest…

The Bitcoin bulls are back, but a return to $51,000 first is not off the cards. Legendary trader Peter Brandt recently published a Bitcoin chart on X calling for $150,000 $BTC. That said, $BTC is not out of the woods yet, at least in the shorter term. Bulls and billionaires It could be that Bitcoin has already found the bottom, or is close to it for this long 6 month correction. Might $49,000 end up being that bottom? Unless there…

The post Top Reasons Why Bitcoin (BTC) Price is Up Today appeared first on Coinpedia Fintech News Bitcoin (BTC) price rallied over 3 percent in the past 24 hours, reaching a daily high of about $57,896 before retracting towards $56.6k on Tuesday, September 10, during the early Asian session. If you’re wondering why Bitcoin price is up today, several factors contributed to the rebound, which also reverberated through the altcoin market. As a result, the total crypto market cap regained…

The post Bitcoin Price Reversal Begins, Will BTC Break $58 Hurdles? appeared first on Coinpedia Fintech News Bitcoin (BTC), the world’s biggest cryptocurrency by market cap appears to be recovering after its price hitting a monthly low of $55,500. In recent days, the BTC price has fallen by more than 10%, but over the past three days, it has jumped more than 5%, which could be considered a sign of a price reversal.  Bitcoin Price Reversal  With a recent price…

Bitcoin is firm at spot rates, looking at the development in the daily chart. Even so, the downtrend remains, and price action remains within a bearish breakout formation. This outlook follows the dump on September 7 that saw the world’s most valuable coin plunge, approaching the all-important round number, $50,000. Bitcoin Leveraged Positions Building Up Technically, the downtrend remains, especially if bulls can’t unwind the losses of September 7. From an effort-versus-result perspective, the trend set in motion by September…

Bitcoin (BTC) and the broader crypto markets are navigating challenging conditions, historically worsened by September’s seasonality struggles. In a recent report, Kaiko researchers recently explored how a potential US rate cut and other key economic events could affect Bitcoin. These four charts provided by the analysts explain what to expect from BTC in the coming weeks. Monthly Change in Bitcoin Price in September As BeInCrypto reported, the third quarter has historically been challenging for Bitcoin and the broader crypto market, with September…

Bitcoin ($BTC) dominance is being rejected from the 57.5% level. The last five weekly candles have remained below. With Bitcoin potentially starting to bottom against the U.S. dollar, could altcoins start to make their move? Has Bitcoin Dominance topped out? Since Bitcoin Dominance reached its low, and bottomed at around 40% through May 2021 to November 2022, dominance has been rampaging up ever since. The $BTC climb to $73,800 in a very short amount of time certainly had something to…