BTC

Bitcoin is currently ‘languishing’ at just under $65,000. The Fear and Greed Index is Neutral, and bears are shouting from the rooftops that the price of $BTC will be rejected from the top of its bull flag once more - this time to go crashing down to much lower prices, and possibly into a bear market. Why is the sentiment for Bitcoin so poor? A series of short duration corrections Since careering upward out of the last bull market, the…

The Bitcoin (BTC) price has tumbled below $65,000 as rising geopolitical tensions came into focus once again as the Middle East stands on the precipice of a broader conflict after Iran reportedly ordered retaliatory attacks against Israel. As a result, spooked investors turned bearish, sending prices crashing.  Before the drop, Bitcoin bulls were eying the $70,000 level, but sellers fiercely defended the upper levels of BTC’s trading range. Analysts were closely watching the $69,000 level, believing it to be crucial…

The Bitcoin price fell to $63,500 as the Federal Reserve announced that interest rates would stay the same. However, future rate cuts are being signalled, and the stock market surged on this news. Are the signs there that Bitcoin is about to follow suit? Noise is obscuring the obvious Noise, noise, and more noise is enveloping the markets. Will the Fed signal a future rate cut (it did)? How much of the Mt. Gox $BTC will be sold? Will the…

The post Bitcoin Price Prediction for Q2 & Q3 2024: Will the BTC Price Hit $100K? appeared first on Coinpedia Fintech News Bitcoin is one of the most followed tokens by the majority of traders within the crypto space. The token’s volatility has surged to a large extent, due to which the prices are fluctuating within a narrow range, but close to the upper threshold. As a result, the market participants continue to be bullish on Bitcoin for the rest…

With Bitcoin down for the last three days, Solana (SOL) is once again outperforming both $BTC and $ETH. Should the next upward stage of the bull market begin, $SOL is likely to continue to dominate the layer 1s. A lot is going on right now as Bitcoin (BTC) attempts to get back on track. Movements in the US stock markets, Mt. Gox distributions, the FOMC meeting, and countless other sources of noise are each vying for supremacy. However, if one…

The post Tron Founder Calls On China To Reconsider Its BTC Policies appeared first on Coinpedia Fintech News Justin Sun has called for China to open up to Bitcoin. According to Sun, China’s embrace of crypto would benefit the entire cryptocurrency space. Sun stressed that former U.S. President Trump had influenced the views and actions towards the crypto industry. China stepped out of cryptocurrency trading and mining activity in 2021 when several provinces started cracking down on the mining operations,…

The post Elon Musk on BTC and DOGE: ‘Some Merit’ in Bitcoin, ‘Soft Spot’ for Dogecoin appeared first on Coinpedia Fintech News Elon Musk’s recent comments on Bitcoin (BTC) and Dogecoin (DOGE) may influence their price direction, given his past track record. Musk warned against scams using his likeness and clarified he won’t actively promote cryptos. Minotaurus (MTAUR) is noted for its strong potential, with successful audits and promising development in the gaming niche. In the past Elon Musk’s remarks…

Following a strong rally that took it past the $70,000 mark, Bitcoin (BTC) has lost considerable momentum, with the price dipping below $66,000 during the ongoing session. This marks BTC’s third consecutive session in the red, indicating the presence of sellers at higher levels ($70,000). Bitcoin (BTC) registered a strong bullish surge on Monday as buyers propelled the cryptocurrency to $70,000 before sellers were able to wrest control. However, after reaching that price, BTC saw a sharp reversal as sellers…

Following Bitcoin’s 6.6% dip, after the US government moved $2 billion in $BTC, the price has since stabilised, hovering around the $66,000 level. Momentum indicators are resetting, and the next upward price surge could be about to begin. Nothing has really changed in the bullish case for Bitcoin’s next upward journey towards $100,000 and beyond. The US Spot Bitcoin ETFs did record a small 247 BTC outflow on Tuesday, but this is nothing compared to the $billions of inflow that…