BTC

Bitcoin (BTC) briefly reclaimed the $60,000 price level over the weekend but quickly dropped below $59,000. The cryptocurrency is currently trading around the $58,500 price level, having fallen almost 1.50% over the past 24 hours.  BTC has remained relatively steady as it prepares to enter a crucial week after a series of key data releases. July’s Consumer Price Index (CPI) numbers for the US and UK were released last week, followed by earnings reports from retail giants Walmart and Alibaba.…

Bitcoin (BTC) continues to traverse sideways, while holding the very important $58,000 horizontal support level. However, a decision point is approaching, as the $BTC price nears the end of a triangle pattern. A breakout to the upside is the more likely scenario. $BTC continues to hold critical $58,000 level Following the huge dump down to $49,000, the $BTC price made a v-shaped recovery - briefly hitting $62,700. However, since that time, the price has been consolidating, while managing to hold…

Marathon Digital Holdings announced the closing of its offering of 2.125% convertible senior notes due 2031. The company used the proceeds from the sale to acquire 4,144 BTC for $249 million, at an average price of $59,000 per BTC.  The latest purchase increased the company’s BTC reserves to 25,000 BTC and came after CEO and chairman Fred Thiel stated the company was adopting a HODL strategy for the asset.  Marathon Digital’s Latest BTC Purchase  According to a statement by Marathon…

The post Bitcoin Consolidates Below $60K as Investors Go into Accumulation Mode: What’s Next for BTC Price? appeared first on Coinpedia Fintech News Bitcoin recently experienced significant turbulence, with its price crashing unexpectedly against market predictions. This volatility left many investors deeply disappointed by Bitcoin’s inconsistent performance. However, buyers are preventing further declines in Bitcoin’s price. As Bitcoin consolidates just below the $60,000 level, analysts suggest that investors have started accumulating, potentially building a moment for strong breakout, supported by…

Despite Russian President Putin's claims of robust trade in Yuan with China, recent reports highlight major payment issues. Many Chinese banks, especially smaller regional ones, have stopped processing payments from Russia due to U.S. sanctions. As a result, Russian businesses face difficulties in using Yuan and have turned to cryptocurrencies as an alternative. Russia legalized cross-border crypto payments, viewing them as a temporary solution while working on a central bank digital currency system with China and other BRICS nations. Meanwhile,…

Bitcoin’s (BTC) price continues fluctuating within the $58,000 to $61,000 price range following its recovery from the ‘Black Monday’ crash. However, analysts remain unsure about the next step for the flagship cryptocurrency. Some market watchers suggest the key levels BTC must break to continue the bullish run, while others highlight signals that could indicate a timeline for the next leg up. Analysts Unsure About BTC’s Next Move On August 5, the crypto market experienced a massive crash that shredded over…

Bitcoin (BTC) briefly fell below $58,000 once again as the crypto markets shed almost $80 billion, with major altcoins also seeing red. BTC’s drop took the asset’s price to its weakest level since the market panic witnessed in the first week of August, with ETH also dropping 4.5%. BTC fell to an intra-day low of $56,165 on Thursday.  However, this time, traditional stocks are in the green, with Nasdaq and S&P 500 erasing their early August losses.  A New Downturn?…

Despite the launch of the Spot Ethereum ETFs, the $ETH price has continued to seriously underperform Bitcoin, as well as many of the large cap altcoins. Is this about to change? Ethereum still the dominant layer 1 for smart contracts Ethereum (ETH) was a poster child of the last bull market. It’s the number 2 cryptocurrency by market cap, and the heir apparent to become the foremost layer 1 blockchain for the majority of future dApps. However, changing from proof-of-work…

Bitcoin (BTC) is hanging on to the $58,000 critical support despite overwhelmingly negative sentiment. A dip to $56,200 on Thursday was bought back up, and Friday has seen the $BTC price climb above support once more. Will it hold? Bitcoin is still down at that crucial level of $58,000. Many investors and traders are no doubt wondering if $BTC is going to approach the cliff edge once again, and if it does, will it finally take that feared plunge, which…