BTC

Bitcoin is projected to retain its value above $60,000 and may even reach new heights in the next three months, according to industry experts. In light of this, attention shifts to other promising cryptocurrencies that could see significant gains. This article will reveal the top five altcoins poised for a potential bull run. Ripple (XRP)  XRP's current price sits between $0.58 and $0.63, with a promising outlook for a bullish run. The nearest resistance is at $0.66, while support lies…

The post Major sell-off incoming? Genesis moves $3 billion of BTC and ETH appeared first on Coinpedia Fintech News In this ongoing selling pressure, the overall cryptocurrency market may experience a massive sell-off. Today,  in order to return a massive $3 billion worth of assets to customers, Genesis has recently transferred a significant $2.958 billion worth of Bitcoin (BTC) and Ethereum (ETH), according to the on-chain analytics firm Lookonchain.  Genesis moves $3 billion worth of BTC and ETH Today on…

The post Bitcoin Price Prediction 2024-2030: Will BTC Price Cross The $100K This Year? appeared first on Coinpedia Fintech News Story Highlights Bitcoin price today is If Bitcoin sustains above $40K, the BTC price prediction for 2024 predicts it to reach $120,000. The Bitcoin price forecast 2030 projects a meteoric recovery in BTC price to reach $347,783. With a bullish reversal above the $60K zone, Bitcoin’s price action reveals a high chance of an uptrend. Multiple bullish patterns and supportive…

Bitcoin remains volatile at spot rates. Despite the spectacular recovery yesterday, August 1, the downtrend remains, at least for now. Specifically, looking at the candlestick arrangement in the daily chart, there could be more growth once prices break $70,000. Before then, traders are closely monitoring price action aware that there could be more losses, pushing the coin below $60,000. Amid this, some analysts are bullish in the long term, ignoring short-term price volatility. Bitcoin Remains Bullish Despite Recent Price Drops…

Bitcoin (BTC) dipped below the $64,000 mark on Thursday as sellers pushed the price to a low of $62,304. However, BTC was able to recover from this level as buyers propped up the price, eventually making it back above $65,000 to settle just below the 20-day SMA at $65,312.  The world’s largest cryptocurrency has been consolidating over the past few weeks, having recovered from a low of $53,591, and is trading in a wide range. Investors are hopeful a trigger…

Regulated spot Bitcoin ETFs (exchange-traded funds) in the United States have seen a resurgence in inflows following significant selling pressure over the past two months that sent the largest cryptocurrency on the market to a 6-month low of $53,500 on July 5. Bitcoin ETFs And Institutions Now Control 9% Of Total Supply Data from analytics providers SoSo Value and Ecoinmetrics show that Bitcoin ETFs have been consistently accumulating BTC in their holdings, despite a brief dip in inflows at the…

Amid the continuous blend of bulls and bears from Bitcoin in recent months, Trading Guru Peter Brandt has shared in his latest post a worrisome pattern observed on the Bitcoin price chart. According to Brandt, Bitcoin appears to be on a downward trend. The legendary trader said in a recent post on Elon Musk’s social media platform X: “The series of lower highs and lower lows continues.” What Are the Implications Of This Pattern Notably, the consistent lower highs and…

The post BlackRock Reveals Its Latest BTC Holdings Over 342K BTC appeared first on Coinpedia Fintech News BlackRock iShares Bitcoin Trust (IBIT) dominates the BTC ETF market. The asset manager has released its latest figures detailing the current holdings in Bitcoin. Notably, the total current holding stands at 342,658.96610 BTC, based on when the market price traded for $65,770 per BTC. At this value, BlackRock’s Bitcoin holding is a massive $22,537,283,282.30 as of July 31, 2024. The CEO, Larry Fink,…

The post 70% of Binance Traders Long On BTC, Exhibit Bullish Attitude appeared first on Coinpedia Fintech News Traders on Binance are taking advantage of the chance to purchase the decline of Bitcoin. Recent data shows that almost 70% of such traders are long on BTC, demonstrating a very bullish attitude. As of Aug. 1, 2024, 69.3% of accounts had long positions and 30.7% had short positions, according to Binance’s orders distribution. This indicates a long/short ratio of 2.26. Significantly…