BTC

The post Markets Tear Down the Longs Who Aped Above $63,000; Here’s Where the Bitcoin (BTC) Price May Head Next appeared first on Coinpedia Fintech News The crypto markets are down by over 3% as the bears managed to trap the bulls after pretending to be inactive for a couple of days. Besides, the Bitcoin (BTC) price has also plunged by over 3.7%, marking interim lows at $60,487 from the highs slightly above $61,000. The market dynamics appear to have…

There have been growing concerns around green energy in Bitcoin mining, according to certain reports. This concern stems from the substantial carbon emissions associated with the proof-of-work (PoW) architecture of Bitcoin which is estimated at around 85M of carbon dioxide each year. With the purpose of solving this, a partnership between PayPal's blockchain research group, Energy Web, and DMG Blockchain Solutions have been established. They plan to incentivize miners to use low-carbon energy sources through crypto economic rewards. In contrast…

After battling the bear trend for weeks, Bitcoin (BTC) is bouncing back again, surging past the $62K key resistance zone to signal the resurgence of the bulls. This is coming at a time when the founder of the world's largest crypto exchange, Changpeng Zhao, is heading to prison for money laundering. While analysts thought the sentencing of the former Binance CEO would send ripples to the market, the former has been the case with the market booming.  In another development,…

BONE token was initially devised to reward SHIB holders but later repurposed to facilitate SHIB burns through Shibarium. Lucie’s tweets address concerns about slow SHIB burns and shed light on the decentralized nature of Shiba Inu, akin to Bitcoin’s ethos. Lucie, the official marketing lead of Shiba Inu (SHIB) has shared some interesting details about how BONE came into existence and why the mysterious SHIB founder Ryoshi wanted to create this altcoin in the first place. There were some key…

Bitcoin rallied to more than $63,000 on Thursday, bringing the altcoin market with it. However, a negative outflow day for US Bitcoin ETFs as well as those in Hong Kong, have put the dampers on this rally. Will bitcoin be able to continue its bounce? Lower highs and lower lows Bitcoin has been traversing sideways and downwards for ten weeks now. Each time there has been a rally, the $BTC price has surged up only to be defeated each time,…

The EU explores adding Bitcoin and cryptocurrency exposure to its €12 trillion investment market. Potential inclusion could surpass the market size of current Bitcoin ETFs and signal new all-time highs for BTC and ETH. The European Securities and Markets Authority (ESMA), the EU’s key financial regulator, recently issued a Call for Evidence to review the Undertakings for Collective Investment in Transferable Securities (UCITS) Eligible Assets Directive (EAD). The aim is to assess the risks and benefits associated with allowing UCITS…

The post Japanese Metaplanet Boosts Bitcoin Holdings: Adds 19.87 BTC to Reach $7.4M in Crypto! appeared first on Coinpedia Fintech News In a strategic move reminding us of MicroStrategy, Metaplanet has plunged into Bitcoin, marking it as its top pick for savings. Recently disclosed, the Japanese giant, Metaplanet Inc., has revealed an additional 19.87 Bitcoins, boosting its total holdings to over 117.7 Bitcoins, which are now valued at approximately $7,396,560. This signals a major change in its investment strategy and…

The post Bitcoin (BTC) Price Is Primed for a Rebound to New ATH; Here Are Top Reasons  appeared first on Coinpedia Fintech News After being trapped in a correction mode for the past six weeks, Bitcoin’s (BTC) price has established a robust support zone of around $61k. With the heightened demand for the flagship coin from institutional investors, following the recent approval of spot BTC ETF in Hong Kong, more crypto traders led by CryptoCapo believe a rebound is on…

The incredible growth within the meme ecosystem catches the attention of an analyst, who labels Dogecoin as the “BTC of memes,” and refers to Pepe and Dogwifhat as the “Ethereum of meme coins.” While he acknowledges the massive gain within this sector compared to Bitcoin, he advises investors to trade with caution due to its significant volatility.  The race for dominance intensifies within the meme ecosystem as Shiba Inu (SHIB) doubles down on its effort to close the $7 billion…