BTC

Bitcoin (BTC) took another dip early on Wednesday, taking the price down to $55,700. Is it time to seriously reconsider the bullish case for Bitcoin, or is this just another gift of a buying opportunity? Bounce, or more downside? It’s now 175 days of boring, grafting, seemingly inexorable sideways and downwards price action for $BTC. The latest dip took the price below the major horizontal support at $58,000, and even reached below $56,000, which is the next area of support.…

Major cryptocurrencies plummeted after major US stock indexes closed significantly lower on Tuesday. The plunge was led by Nvidia (NVDA) and other chipmaker stocks, as September began on a weaker-than-expected note after a strong finish to August.  As a result, crypto markets tanked as well, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), and others registering substantial declines.  BTC dropped almost 5% over the past 24 hours, while ETH fell by almost 6%, plunging below the…

After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Bitcoin’s Sharpe Ratio Hits New Lows: Bullish Signal Or A Warning? According to the analyst, Bitcoin’s short-term Sharpe ratio has dipped to levels last seen during September-October 2023.…

The post Bitcoin Hash-Rate Hits ATH, While It May Not Be The Right Time to Accumulate BTC, Says an Analyst. What’s Next?  appeared first on Coinpedia Fintech News The start of the month was quite bearish as the Bitcoin price dropped below the consolidation of $59,000. Nevertheless, the price quickly recovered and reclaimed the levels, reviving the possibility of a swift rebound. Lately, the shorts accumulated at $70,000, indicating the bulls are being stationed at these levels. However, these levels…

Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected that by 2050, the Bitcoin price could solidify its position as a key international medium of exchange, potentially becoming one of the world’s reserve currencies.…

Bitcoin (BTC) has climbed back above $59,000 during the ongoing session, reaching a high of $59,764 and registering an increase of almost 3% over the past 24 hours. However, analysts are worried September could see BTC dip to $45,000, putting it on a path culminating at $40,000.  Bitcoin struggled in August, with suggestions that the price could see a further 5% dip. BTC has traded in the red for six of the last seven September months. Other major cryptocurrencies also…

Currently trading at just under $59,000, the $BTC price has a big month ahead. September is traditionally a bad month for Bitcoin, and so it remains to be seen if the first Federal Reserve rate cut, due on 18 September, can add some upward impetus to the price. September - the worst month for Bitcoin returns Coinglass produces records of the monthly Bitcoin returns since 2013, and September has proved to be the worst month, with an average of -4.39%.…

Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new post on X, analyst Willy Woo has discussed the latest trend in the Bitcoin inventory sitting on centralized exchanges. Such platforms have two types of reserves: Spot BTC and Paper BTC. The former of these is simply the actual tokens that the exchanges are…

Major cryptocurrencies are starting the new week in the red, with Bitcoin (BTC) tumbling below $58,000 and Ethereum (ETH) slipping below $2,500 once again. The overall crypto market cap also registered a drop of 1.91%, leaving it just above the $2 trillion mark.  Almost all cryptocurrencies have registered substantial weekly drops, with BTC down over 10%, ETH down almost 11%, and Solana (SOL) down a staggering 20%. Other altcoins that registered substantial losses include Dogecoin (DOGE), which is down 14%;…