BTC

The post Bitcoin Breaks Above Consolidation, Is $70,000, the Next Pit Stop for the BTC Price Rally? appeared first on Coinpedia Fintech News The market sentiments have become somewhat hopeful after the Bitcoin price rally marked the monthly highs at $66,666 in the early trading hours. A huge rise in buying pressure caused the token to break above the falling wedge, which has circulated bullish waves within the markets. However, the market participants continue to remain hesitant to enter at…

Ripple-backed XRP price has lost 70 percent of its value against Bitcoin since 2017 despite the 2021 crypto bull market. Veteran trader Peter Brandt believes XRP will continue to lose its value against Bitcoin in the near term, and most probably be outshined by other altcoins. Ripple Labs-backed XRP is one of the underperforming altcoins in the top 20 most valuable digital assets by market cap. The large-cap altcoin, with a fully diluted valuation of about $50 billion and an…

Glassnode data has revealed that Bitcoin long-term holders are taking advantage of the cryptocurrency’s lower price to significantly increase their holdings. This accumulation further strengthens the belief that this group of Bitcoin investors anticipate a potential upside for Bitcoin despite its recent volatility.  Long-Term Holders Pay $4.3 Billion For 70,000 BTC According to Glassnode, long-term Bitcoin holders who had previously sold 1 billion BTC in the latter part of 2023 are accumulating once again. This buying activity could be interpreted…

Bitcoin price is exhibiting a slight uptick ahead of incoming US CPI Data. Bitcoin’s options market seems unaffected by the upcoming CPI report. Bitcoin (BTC) has found its way up, moving to the $62,000 mark, as investors await critical macroeconomic data. In particular, the release of the US Consumer Price Index (CPI) and remarks from Federal Reserve Chairman Jerome Powell about the economy are anticipated this week.  Impact of US CPI Data and Powell’s Remarks on BTC Per reports from…

The post Bitcoin Price Analysis: the Ultimate BTC Bottom Could Be Here, But Now a 13% Crash Appears Imminent appeared first on Coinpedia Fintech News The Bitcoin price rally has become dull in the past few days as the token remains stuck within a narrow range. This has caused a notable shift away from the star token, as some memecoins are performing exceptionally well, outperforming the major cryptos. While the BTC price remains stuck below $65,000, the ETH price fails…

The post Bitcoin Nears $63,000 as Whales Buy 15,400 BTC from Coinbase appeared first on Coinpedia Fintech News The BTC price rebounded significantly as it neared $63,000 today. Bitcoin whales bought over 15,400 BTC from Coinbase alone in the last 24 hours. This accumulation might have driven its latest recovery. The majority of BTC whales have been accumulating cheaper BTC lately. In a recent X post, Whale Alert highlighted a whale ramping up 7,900 BTC, which accounts for over 50%…

The post April US CPI Drop To 3.4%; BTC Price Surge To $64K appeared first on Coinpedia Fintech News The Consumer Price Index, the key inflation indicator issued by the U.S. government, rose to 3.4% over the last 12 months in April, signaling sustained price growth in the economy. This figure surpassed market expectations, which had anticipated a decrease to 2.9%. In parallel, the price of Bitcoin experienced a sudden surge to $64k, marking a 3.57% increase within the past…

MtGox will repay creditors with 142,000 BTC, 143,000 BCH, and $500 million. Creditors are relieved as the MtGox bankruptcy case nears resolution after years of waiting. The Bitcoin exchange MtGox, which once had the highest market share, has been increasingly the center of attention. Most recent updates to the support of the Kraken BTC and BCH payment API interface hint that heavy things are about to come. Today, Reddit data shows that the interface reads ”payment being processed ” with…

El Salvador has mined nearly 474 bitcoins worth almost $29 million over the past three years, thanks to a volcano-powered geothermal power plant.  The recent addition brings the value of the country’s total Bitcoin portfolio to nearly $354 million at current prices, with the country’s Bitcoin Office holding a total of 5,750 BTC.  El Salvador Adds To Bitcoin Holdings  El Salvador’s decision to grant Bitcoin the status of legal tender was met with criticism, but it has proven to be…