BTC

Mercado Libre, a major player in Latin America, now holds a significant Bitcoin asset, which could influence regional cryptocurrency trends. With Bitcoin’s current momentum and integration into traditional asset management, the speculation about reaching a $70,000 price point intensifies. Mercado Libre, often referred to as the Amazon of Latin America, has strategically positioned itself in the cryptocurrency landscape by holding $29 million in Bitcoin. This significant investment not only demonstrates Mercado Libre’s belief in the potential of Bitcoin but also…

The post Ethereum Displaying Strength Against Bitcoin, Will Altcoins Outperform BTC in the Coming Days? appeared first on Coinpedia Fintech News The weekend was expected to be slightly volatile but the sluggish behaviour of Bitcoin compelled the other major altcoins to remain stuck within a region. The token has held on to crucial support, which suggests the bulls are preparing for the next move. In the meantime, the second-largest crypto, Ethereum, has been displaying acute strength as the bears fail…

Bitcoin price started a steady increase above the $62,500 resistance. BTC is again struggling to clear the $64,500 and $65,000 resistance levels. Bitcoin is showing positive signs and facing hurdles near $64,500. The price is trading above $62,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $62,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to clear the $64,500 and $65,000 resistance…

The post BTC Price Continues to Trade Within Narrow Range: Here’s Why There Is No Growth After the Bitcoin Halving appeared first on Coinpedia Fintech News Crypto markets are super volatile at the moment. Although the prices of the popular tokens remain within a descending trend, the likelihood of a fine upswing continues to hold upright. The start of the year was extremely bullish, as the markets were screaming for more upside. Further, two months down the line, the altcoins…

2024 is well underway, and the cryptocurrency landscape is brimming with possibilities and innovative projects that will redefine traditional (crypto) investment norms. Memecoins emerged as the overwhelming profit-making opportunities delivering explosive returns eclipsing Bitcoin.  This is the year of the memecoin. Innovative memecoin projects have stepped into the spotlight, delivering incredible returns and managing to foster hope and optimism for the future crypto market. In light of the memecoin success, many are begging the question: Could memecoins outshine Bitcoin in…

Financial technology conglomerate Block, owned by X co-founder Jack Dorsey, has decided to invest 10% of all profits made from bitcoin-related products in monthly BTC purchases. Speaking to shareholders in a Q1 2024 earnings report, Dorsey outlined several reasons for the decision, addressing investors’ concerns about why Block is so focused on the largest cryptocurrency. Block to Invest in Bitcoin Monthly Dorsey explained that bitcoin is the best and only candidate for a decentralized open protocol for money, which the…

Bitcoin’s price has been going through some major moves throughout the past couple of weeks. The bulls are fighting to reestablish their dominance, staging a convincing recovery above $60K. But will it last? Technical Analysis By TradingRage The Daily Chart The price has been oscillating inside a descending channel on the daily chart for the past couple of months. The channel was briefly broken to the downside a few days ago. However, BTC quickly rebounded and climbed back inside the…

TL;DR Bitcoin’s price dipped recently but has begun to recover, raising hopes for a potential rally in May. Favorable regulations and increased institutional adoption could fuel a significant BTC price rally (according to ChatGPT). What Are the Odds of a BTC Rally in May? Despite the promising start of the year and the surge to an all-time high price in March, Bitcoin’s progress stalled in April. The primary cryptocurrency did not start May on the right foot, declining to $56,800…

CryptoQuant analysts have found that Bitcoin miners have increased their selling activity in the last month amid slow demand growth for BTC. According to the latest CryptoQuant weekly report, the decrease in BTC demand is evident in low Bitcoin whale demand, fewer purchases from spot exchange-traded funds in the United States, and the Coinbase premium falling below zero. Miners Increase Selling Activity Miners have sent a large amount of BTC to spot exchanges, creating an imbalance in the market. Since…