BTC

Bitcoin prices have remained tightly rangebound since their return above the psychological $60,000 level on May 3. However, one prominent analyst sees the asset potentially recovering the $70,000 level this month, a price it has not seen since April 12. BTC to Climb Higher? On May 8, Adrian Zduńczyk, aka “crypto_birb,” told his 652,000 X followers that the potential target for Bitcoin prices in May is around $70,000. The analyst said that we were in a bull market because the…

According to data from Kaiko, a bullish bias persists for Bitcoin options despite the recent market volatility. Last week, Bitcoin experienced volatility, briefly dipping below the $57,000 mark before experiencing a weekend rebound fueled by easing concerns over Fed interest rates. Bullish Shift in the Bitcoin Options Market The decline in Bitcoin’s price last week proved advantageous for put options set to expire at the end of May. Put options within the $57,000 to $60,000 range briefly entered the money,…

Bitcoin has broken the downtrend and is looking to break resistance at $64,000. Should this current bounce continue and the break takes place, $67,000 could be the next port of call for $BTC.  The danger of $BTC losing its bull market trend line appears to have faded. At least for now. A continuation of the rally from the local low of $56,600 is still in play, and it just remains to be seen over the medium term, whether this is…

The recent data released by WazirX indicates that SHIB was the most traded token on its platform throughout the month of April. Since its listing on WazirX in May 2021, Shiba Inu has consistently been among the top-traded assets on the platform. Shiba Inu (SHIB) has surged in popularity among crypto traders in India, dominating the trading scene on WazirX, one of the leading cryptocurrency exchanges in the country. The recent data released by WazirX indicates that SHIB was the…

Fidelity, the leading asset management firm, has announced that pension funds are considering investing in cryptocurrencies. The engagement of major asset management firms like Fidelity and BlackRock suggests a growing acceptance of cryptocurrencies among institutional investors. Pension plans are cautiously considering the potential of investing in cryptocurrency assets, though at a measured pace. Manuel Nordeste, vice president of Fidelity Digital Assets, unveiled this during an event in London. He highlighted that pension plans are initiating discussions with their investment committees…

The post Bearish Impact Escalating over the BTC Price Rally, Is Bitcoin in the Middle of a 50% Capitulation? appeared first on Coinpedia Fintech News Bitcoin has been hovering within a pre-determined range ever since the token failed to march above the newly formed highs. This appears to have negatively impacted the bullish momentum, as the prices have maintained a steep bearish trend. Moreover, whenever the crypto tries hard to print a huge bullish candle, the bears jump in no…

A wallet that laid dormant for 10.3 years has suddenly sprung to life, transferring all 687.33 bitcoins, worth almost $44 million, on May 6, according to Lookonchain’s latest findings. The wallet in question had received the 687.33 BTC, valued at $630,000 at that time, on January 12, 2014, when bitcoin’s price was $917 and, interestingly, a time when Satoshi Nakamoto was still on the scene. Satoshi-Era Bitcoin Wallet Comes Alive The movement of funds from such decade-old dormant wallets often…

After an extended period of sideways consolidation, Bitcoin witnessed a downtrend, breaking below the significant support zone of $59K. However, a notable bullish rebound near the 100-day MA suggests the potential for a resurgence in buying pressure. Technical Analysis By Shayan The Daily Chart Upon a comprehensive review of the daily chart, it becomes evident that Bitcoin underwent an extended phase of sideways consolidation within the pivotal price range of $59K to $72K. The recent price action saw a decline,…

After last week’s massacre that drove bitcoin to a multi-month low, the asset’s recovery attempts continue in full force as it jumped above $65,000 for the first time since April 24. Several altcoins have produced even more impressive gains over the past day, with TON, SOL, and AVAX standing out from the larger caps. BTC Goes Above $65K It was less than a week ago, at the start of May, when the primary cryptocurrency was dumping hard and fell to…