BTC

XRP is gaining momentum in the market, hinting at a potential climb to $2 if the current bullish trend in Bitcoin continues. This upward movement has sparked interest in which other altcoins might follow suit next month. The article delves into potential candidates poised for growth, offering insights for those keen on capitalizing on upcoming opportunities. Ripple (XRP) XRP, the coin associated with Ripple, aims to revolutionize cross-border payments. It processes transactions quickly and at very low fees, making it…

The cryptocurrency markets saw a strong recovery on Tuesday following a 30% correction that pushed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies to multi-month lows. However, as stock markets recovered, so did the cryptocurrency market. Japan’s stock market index rose by almost 11% in a significant boost to stock and crypto markets.  Markets suffered one of their worst selloffs in recent memory, reeling due to rising tensions in the Middle East and fears of a US recession.…

Bitcoin (BTC) has begun its recovery. Now up 15.6% since its Monday low, and no small increase of $7,600 since then; Bitcoin appears to be following the recovery seen in the Japanese Nikkai 225 Index. Could this be a v-shaped recovery for both? Nikkai on road to recovery The Nikkai 225 is an index of the top 225 companies on the Tokyo Stock Exchange (TSE). Since a horrendous plunge from top to bottom of 26% over only 5 days, the…

The post Bitcoin Whales Buy the Dip, adds $1.62 Billion of BTC appeared first on Coinpedia Fintech News In the recent market crash, Bitcoin whales took the opportunity to add notable amounts of Bitcoin (BTC) the world’s biggest cryptocurrency in terms of market capitalization. On August 6, 2024, a prominent analyst made a post on X (previously Twitter) that in the last 48 hours, whales had accumulated over 30,000 BTC worth $1.62 billion.  BTC Whales add 30k BTC in the…

The post Bitcoin Death Cross Could Lead to a Catastrophic BTC Price Crash appeared first on Coinpedia Fintech News Similar to July, the August trade started on a huge bearish note. In the first week of August, all crypto assets face extreme bearish heat, with the star token, Bitcoin, plunging below $60,000 for a while. This shows that Bitcoin is approaching a “death cross,” a technical pattern where the 50-day moving average (SMA) falls below the 200-day SMA. This pattern…

The cryptocurrency markets have recovered over the past 24 hours, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies rebounding after a bloodbath that saw their prices hit lows not seen in months. The crash in the Japanese stock market triggered panic across the traditional and cryptocurrency markets.  Bitcoin (BTC) has been down almost 17% over the past week, while ETH has been down by nearly 25% in the same period, with the latter witnessing its steepest fall…

After a black Monday worthy of the name, when $BTC crashed all the way down to $49,300, the king of the cryptocurrencies has recovered to $56,000 on Tuesday. Will the recovery continue, or is this just the beginning of a headlong crash into the next bear market? Crypto 24-hour trading was the achilles heel Bitcoin and crypto trade 24 hours, every day of the year. This is a major advantage that this innovative sector has over traditional markets. However, over…

Bitcoin (BTC) has long been the cornerstone of the cryptocurrency market, celebrated for its pioneering role in the digital asset space. As the first cryptocurrency, Bitcoin (BTC) has established itself as a store of value and a hedge against economic uncertainty. Historically, BTC has demonstrated significant volatility, with notable price surges and dips that have shaped its reputation as both a high-risk and high-reward investment. Current Market Challenges Despite its established status, Bitcoin (BTC) faces several challenges. Recent market fluctuations,…

Bitcoin (BTC), the leading cryptocurrency and a staple in digital asset investment, has recently encountered a significant downturn in its price. This decline has been exacerbated by geopolitical developments, particularly Iran’s growing influence on the global stage. As investors reevaluate their positions in light of these changes, Bitcoin (BTC)’s volatility raises questions about its future stability and performance. Iran’s Economic Moves and Bitcoin’s Market Reaction How Geopolitical Tensions Impact Crypto Prices Iran’s strategic advancements have injected new uncertainty into global…