BTC

Bitcoin whales have begun to make substantial BTC purchasing moves, signaling market participants’ entrance into a re-accumulation phase. According to a tweet by blockchain analytics platform Santiment, large investors holding 1,000 to 10,000 BTC collectively accumulated more than $941 million worth of the asset in the past 24 hours. Bitcoin Whales Accumulate BTC The amount of BTC whales accumulated in the past 24 hours increased their holdings by 15,121 BTC, bringing their collective stash to its highest level in two…

Following a modest bullish rebound from the substantial $59K support level, Bitcoin encountered selling pressure, retracing back to the critical 100-day moving average at $61K. The price action around this pivotal juncture is likely to dictate its next decisive move. Technical Analysis By Shayan The Daily Chart A thorough examination of the daily chart reveals Bitcoin’s extended sideways consolidation phase near the pivotal $60K price range. Recently, the cryptocurrency witnessed a decline after a notable bullish rebound from the $59K…

TL;DR BTC has been hovering between $59,000 and $65,000 in the past several days, settling around $61,700. Optimistic forecasts suggest a potential rise to $74,000 due to technical patterns and recent halving effects. The legal conflict between Ripple and the SEC continues, focusing on whether XRP is an unregistered security. Solana’s SOL has climbed by 12% over the past week. Analysts are bullish, foreseeing new highs in 2024 and highlighting the asset’s strong market performance. BTC’s Price Swings The primary…

Bitcoin price extended losses and traded below the $62,500 zone. BTC is showing bearish signs and might turn bearish if it settles below $60,000. Bitcoin followed a bearish path and traded below $62,500. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $62,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses and revisit the $60,000 support…

A Standard Chartered report suggests Bitcoin could perform well if Trump wins the US election due to clearer regulations and as a hedge against inflation. Bitcoin’s adoption by traditional investors is increasing due to unfavorable economic conditions and uncertainty in the Treasury market. According to a recent research report by Standard Chartered, cryptocurrency markets are eyeing a potential surge as fears of U.S. fiscal dominance loom large. The investment bank suggests that the Federal Reserve monetizing government debt could drive…

The post Whales Jump in to Accumulate Bitcoin; Will BTC Price Make It to $65,000 This Week? appeared first on Coinpedia Fintech News The start of the year was pretty bullish for the star crypto, Bitcoin, but with the beginning of the second fortnight of April, the market dynamics changed to a large extent. The BTC price plunged by more than 10% and remains consolidated within a range. Although the bears are trying hard to lift the levels above the…

During the ongoing cycle, BTC and ETH have witnessed a growing divergence in their respective performances. According to Glassnode’s findings, this can be attributed to a general trend of weaker capital rotation, particularly in comparison to previous cycles and all-time high breakthroughs. Ethereum Receives Weak Capital Flows Leading up to bitcoin’s peak established on March 14, Glassnode observed a surge in speculative activity. As per its latest on-chain weekly report, capital accumulation was seen among the short-term holders of BTC,…

Bitcoin’s consolidation period is still ongoing, but it is coming to an end. The $BTC price has been sold heavily since attaining the all-time high, but has been just as heavily bought back up again. The start of the next ascent, possibly to $100,000 is not far off. Tenth week of sideways action for $BTC Bitcoin is now in its tenth week of sideways price action. This is one more week than the last period of accumulation that began in…

The positive price movements for bitcoin at the start of the business week were short-lived as the asset has lost over three grand since then and now struggles to remain above $62,000. The altcoins are in no better state, with DOGE, SOL, and AVAX dropping by 5% or more in the past 24 hours. BTC Drops Toward $62K Bitcoin had a highly negative start to May that culminated last Wednesday with a price dump to a two-month low of $56,500.…