BTC

Bitcoin (BTC) looks to have reached a top for now, of what is a truly massive rally - A 30%, $13,700 revival has now paused as Bitcoin bulls draw breath, ready for the next leg up. A short term reversal could take place now, but the next stage of the bull market could soon be upon us. The Bitcoin bulls have completely obliterated the bears since the ‘yen carry trade’ sell-off last weekend. Now well in charge, the bulls are…

Amid Bitcoin (BTC) continuous struggle for a major rally to new heights, miners powering the Bitcoin network are experiencing significant economic shifts. Particularly, recent data shows a stark reduction in Bitcoin reserves held by miners, signaling potential shifts in market stance or miner strategies. Bitcoin Miner Reserves: A Plunge To 3-Year Low Following the latest Bitcoin Halving—an event that reduced the block rewards miners earn for their computational efforts—which occurred back in April, the total Bitcoin reserves held by miners…

The post Will BTC Hit $62,500? Peter Brandt’s Bitcoin Price Prediction appeared first on Coinpedia Fintech News During the ongoing market recovery, veteran trader and chartist Peter Brandt recently made a post on X (previously Twitter) that gathered massive attention from the crypto community. Peter Brandt’s Bitcoin prediction  In a post, Brandt predicted that Bitcoin (BTC) the world’s biggest cryptocurrency, could fall to the $40,000 level before the next half of the halving cycle. Despite Brandt’s future prediction, BTC is…

As long-dormant Bitcoin wallets have unexpectedly sprung back to life and have transferred millions of dollars worth of BTC, the bitcoin realm has been humming with activity. The crypto community has been interested in these movements as they raise issues about the possible influence on the market. Mined only one year after the launch of the first bitcoin, it has been unaltered till today. Early on in 2010, the miner had painstakingly accumulated 250 BTC using five wallets. The value…

The recovery in the crypto markets has lost steam, with Bitcoin (BTC) and Ethereum (ETH) struggling to push above resistance levels, indicating that sellers are active at higher levels.  Markets are expected to remain volatile in the face of continued economic uncertainties, although analysts believe the downside may be limited. Some analysts have also suggested that the dip in major cryptocurrencies presents an excellent buying opportunity for investors.  Bitwise Chief Investment Officer Matt Hougan suggested investors ignore short-term volatility and…

Bitcoin (BTC) appears to have shrugged off the heavy selling of last weekend into Monday, and is continuing to recover in price. Currently battling strong resistance around $57,000, can $BTC break through to the next big resistance at $61,000? Bulls take back control Bulls have taken back control of the Bitcoin price, and not in a tentative way. Since last weekend’s collapse, when the only asset available to sell for hedge funds trying to vacate their yen carry trade positions…

“Black Monday.” That is what the broader market termed Bitcoin’s (BTC) price correction from $58,000 to $49,000 on August 5. For experienced players who have seen the bull and bear of different cycles, that incident was not surprising. While the event caused a plethora of large-scale liquidations, participants may wonder whether that was the worst one-day correction. This on-chain analysis gives more context to this thought. Bitcoin Not Overvalued Yet, Future Gains Possible To answer this question, BeInCrypto looks at…

The post Shiba Inu (SHIB) and Kaspa (KAS) Hold Up Well Despite BTC Crash, Rollblock Sees Massive Price Jump appeared first on Coinpedia Fintech News Despite global economic concerns and uncertainty surrounding the U.S., the cryptocurrency market appears to have only had a temporary setback. Although tokens like Shiba Inu and Kaspa experienced sharp drops towards the end of July, they are already making a strong comeback and seeing major gains. Rollblock is also making significant gains during its presale,…

Over the past few days, Bitcoin (BTC) has seen a significant surge in whale accumulation. Ali highlighted that the “number of BTC addresses holding 100+ BTC increased from 15,913 to 16,006 during the recent correction. While this trend is noteworthy because it suggests whales bought the dip, Ki Young Ju, the CEO of CryptoQuant, an on-chain data aggregator, has spotlighted that it also suggests a calculated buildup of Bitcoin by influential players in the shadows. The Hidden Bitcoin Agenda Revealed Ki…