BTC

Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its price does not hold this key support level.  Bitcoin Risks $50,000 Drop If Support Fails Elja Boom, a crypto analyst took to X (formerly Twitter) on September 5 to discuss the current price trends and market movements of Bitcoin. Boom shared…

Bitcoin is the leader in terms of trading and exchange, followed by Ethereum and the USDC. The cryptocurrency gained considerable popularity over the years as more users adopted it for their investment portfolios, some of which became important whales on the market.  Bitcoin’s popularity and use cases have developed so much that the coin is now close to worldwide adoption as a legal tender. In El Salvador, citizens already use Bitcoin as a means of payment and exchange, while other…

Bitcoin ($BTC) is continuing to struggle, languishing under $57,000 once again. It seems that even the institutions are starting to feel the pain as another 4.87K $BTC was sold out of the Spot Bitcoin ETFs on Tuesday.  Weaker hands being shaken out Deep in the doldrums once again, the $BTC price is threatening yet more downside. A fifth straight day of Spot Bitcoin ETF outflows is certainly not helping matters. It looks like perhaps some of the institutions are getting…

Cryptocurrency prices remained subdued on Wednesday primarily due to renewed concerns over a US economic slowdown and anticipation of key data that could potentially impact the Federal Reserve’s decision on interest rates.  Bitcoin (BTC) and Ethereum (ETH) fell almost 5%, although they have posted somewhat of a recovery since. Data from the Institute of Supply Management (ISM) showed that US manufacturing remained subdued in August, hinting at an ongoing weakness in the sector. Stocks, gold, and crypto all tumbled as…

The post Breaking Down the BTC Revolution in 2024: A Q&A with pSTAKE Finance Founder Mikhil Pandey appeared first on Coinpedia Fintech News Thanks to upgrades and improvements in 2024, Bitcoin’s emerging DeFi sector, BTCFi, is booming. With new utility for crypto’s most dominant coin, projects are racing to provide new products and services like liquid staking so users can make the most out of their holdings. I sat down with Mikhil Pandey, founder of Binance-backed Bitcoin yield and liquid…

A recent Quicktake analysis on the on-chain analytics platform CryptoQuant highlighted how Bitcoin’s short-term holders’ (STH) behaviour is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish September trend.  Peak In Bitcoin’s Short-Term Holders Similar To 2019 Structure CryptoQuant contributor Avocado_onchain noted that there had been a “small peak” in Unspent Transaction Outputs (UXTOs) under six months, which resembles a similar structure observed in 2019. The analyst explained that these UXTOs under six…

The post How Low Can BTC, ETH, And XRP Price Crash? appeared first on Coinpedia Fintech News Amid intensified bearish sentiment in the cryptocurrency market, the price of Bitcoin broke down its important support trendline of $58,000. Furthermore, with the shares of Nvidia bleeding, Artificial Intelligence (AI) has experienced a major blow. On the other hand, top altcoins continue struggling to hold the values above their crucial support levels. In this write-up, we have highlighted various technical and social sentiments…

Crypto prices took another tumble today, with the Bitcoin price trading as low as $55,600.  The broader market sentiment remains highly uncertain, with neither the bulls nor the bears in complete control.  However, whales are showing surprising conviction, pouring in millions to buy Bitcoin, Pepe and new crypto ICOs like Pepe Unchained. Their buying spree indicates that the next bull run could be on the horizon.  Whales Invest Million In BTC, Altcoins Whales are leaving no opportunity to buy the dip. …

The post BTC Tumbles Below $56K: Bitcoin Price Today and Crypto Markets Drenched in Red appeared first on Coinpedia Fintech News The crypto industry has been hit hard recently, with Bitcoin dropping lower than $56,000. This sharp drop, along with a red wave sweeping through the markets, has left holders worried. How did the price fall so quickly? What’s next for it and for the broader economy? Keep reading to discover the latest Bitcoin news and insights on what might…