BTC

The post CFTC Chairman Declares BTC and ETH are NOT Securities! appeared first on Coinpedia Fintech News We consider Bitcoin and ETH as a revolutionary technology and during a recent Senate Committee hearing, CFTC Chairman Rostin Behnam made significant declarations about cryptocurrencies. He reaffirmed that Bitcoin and Ethereum are commodities under the Commodities Exchange Act. This classification follows a recent ruling by an Illinois district court that upheld their status. According to Eleanor Terrett, a journalist at Fox Business, CFTC…

The post Bitcoin (BTC) Hints at Short-Term Bounce, Ethereum DeFi On Brink of Major Surge appeared first on Coinpedia Fintech News The live crypto market thrives on duality, and at press time, Bitcoin (BTC) is hinting at a potential short-term bounce after a terrible start to Q3. Technical indicators suggest a period of consolidation might be nearing its end, with a possibility of a price increase in the short term. However, the spotlight is shifting towards a different corner of…

The German government dogged selling of Bitcoin continues, but the $BTC price appears to be holding firm so far. Can the Bitcoin bulls absorb all the selling, or could we see another dump to the downside? $BTC price remains buoyant According to Arkham Intelligence, the German government sent another 5103 BTC to exchanges on Wednesday morning, worth around $300 million. The German government holdings are now down to 18,860 BTC, worth $1.11 billion. In the face of all this selling,…

Bitcoin (BTC) has bounced back after falling to a day low of $53,591 on Friday and is moving towards $60,000. However, analysts have warned that markets will remain volatile for the foreseeable future.  Analysts have predicted that markets will have to absorb between $4 billion and $7 billion worth of BTC selling pressure in the middle of the year, which will weigh on prices as the year progresses.  Markets Recover, But Is Rally Short-Lived? The cryptocurrency market has rebounded, with…

Based on the formation in the daily chart, Bitcoin is at a critical point, price-wise. As the battle between bulls and bears progresses, it is clear that sellers have the upper hand for now despite the recent price stability. BTC Prices At A Crucial Price Level: Will Bulls Take Over? As BTC bulls attempt to reverse losses posted last week, one analyst, citing technical candlestick formation and the reaction at the 200-day moving average, thinks how prices react for now…

Bitcoin ETF share price dropped to a four-month low last Friday offering long-term investors an opportunity to accumulate shares at a discount. Bitcoin spot ETFs experienced a substantial net inflow of $295 million on July 8, the highest in 21 days. The massive sell-off in the Bitcoin price could allow long-term investors to accumulate the spot Bitcoin ETF shares at a massive discount. Amid the massive BTC liquidations taking place due to the current sell-off by the German government as…

The post Economist Hints at Further Losses for PEPE and Bitcoin (BTC), but There Is One Possible Salvation appeared first on Coinpedia Fintech News Bitcoin (BTC) is facing one of the worst weeks in the past year as one dip led to the next, causing a massive decline in the past week. Pepe, a typical meme coin, has followed Bitcoin’s bearish lead, as the PEPE token also hit 11% losses midweek. If expert predictions by Renowned economist and financial commentator…

The post Singapore Exchange Says Currently No Plan To List BTC Or Crypto ETFs appeared first on Coinpedia Fintech News Singapore Exchange has currently no plans to permit cryptocurrency listings, which is contrary to the growing global adoption of crypto ETFs in Hong Kong, the United States, Australia, and Canada. At the Reuters NEXT conference, CEO Loh Boon Chye noted that the current market conditions are not conducive to introducing such products. When asked about the potential for crypto ETF…

The price of Bitcoin has crashed again as the German government continues its BTC selling spree. The government has already sold millions of dollars worth of Bitcoin, putting immense pressure on the pioneer cryptocurrency amidst broader market volatility.  German Government Initiates Massive BTC Sell-Off Bitcoin’s consistent price decline has been driven by multiple factors including outflows from Spot Bitcoin ETFs, unfavorable market conditions and Mt Gox’s BTC redistribution plans. Lately, the cryptocurrency’s price has been further pressured by the substantial…