BTC

The crypto market is bouncing slightly on Thursday, although BTC remains below $60k.  Even bullish investors who believe Bitcoin will hit $100k this year are mentioning the possibility of BTC possibly dipping again to test $50k in the short term. In the altcoin market, new cryptocurrency Bitcoin Minetrix (BTCMTX) went live amid the Bitcoin price crash on April 30th although is also beginning to bounce and potentially recover after its token burn. Bitcoin, Crypto Prices Dip In the wake of…

An analyst has explained how the “fair value” of Bitcoin appears to be on track to achieve the $1 million milestone by 2035. Bitcoin Total User Count Could Forecast Fair Value Path Forward In a new post on X, analyst Willy Woo has discussed about how the fair value of Bitcoin could look like in the future based on the growth curve in the total user count on the network. The “total user count” here refers to the total number…

The post PlanB Bitcoin Prediction May 2024: Analyst Sets BTC Target to $100,000 by Year-End appeared first on Coinpedia Fintech News This is something that’s bound to interest you! A noteworthy prediction has emerged from the creator of the widely used Stock-2-Flow (S2F) model. PlanB, known for accurate market calls, confidently declares that Bitcoin’s value is on the brink of a significant surge, emphasizing that it will likely reach $100,000 in 2024. The post-halving market is still choppy, But PlanB…

For the first time, every single Spot Bitcoin ETF had an outflow day, and this led to a total $563 million total outflow for Wednesday. The $BTC price is teetering on the edge of a potential further dump. FOMC announcement sparks short-lived rally The FOMC meeting took place on Wednesday, and the Federal Reserve Chairman Jerome Powell said that progress had stalled in bringing inflation back to 2%. With this in mind, he said that interest rates would stay as…

The spot Bitcoin exchange-traded funds (ETFs) in the United States have recently observed a noteworthy trend, marked by a consecutive six-day period of outflows. Notably, BlackRock’s IBIT ETF encountered its first instance of outflows just yesterday. This development coincides with bitcoin navigating through its most challenging month since the aftermath of the 2022 FTX collapse, registering a notable decline of 11% over this week. Record Breaking Outflows and Market Downturn According to data from Farside Investors, BlackRock’s Bitcoin fund saw…

After several days of nosediving, bitcoin’s price soared by roughly two grand after the Fed’s refusal to increase the interest rates but dropped back down just as quickly. The altcoins are in much better shape today, with numerous impressive gains from the likes of Solana, Ripple, Polkadot, ICP, PEPE, and others. Bitcoin’s Volatility Continues It was just a couple of days ago when the primary cryptocurrency was trading firmly above $60,000 and was even about to challenge the $65,000 level.…

TL;DR Bitcoin (BTC) experienced another sharp decline, falling to a multi-month low of approximately $56,600. Shiba Inu (SHIB) saw its price fall by 13% over the week, despite advancements in its ecosystem and a significant increase in its token burn rate, aimed at reducing supply. Ripple’s XRP maintained relative stability in a turbulent market, with analysts predicting substantial future price increases based on strong technical signals. BTC Price Swings The cryptocurrency market flashed red in the past several days, with vitcoin…

As May 1st started, Bitcoin (BTC) faced a new correction that made the price stumble under the $60,000 support level. The flagship cryptocurrency has seen several retraces during this bull cycle, with BTC swiftly recovering the crucial support zones each time. However, in the past 24 hours, the largest cryptocurrency by market capitalization has struggled to regain its momentum. Some analysts believe Bitcoin’s bottom this cycle might be in as this correction officially became its deepest retrace. Is The Bitcoin…

On Wednesday, Bitcoin sharply declined, dropping below the crucial $60,000 support level. Despite this recent market downtrend, Bitcoin investors remain confident as they believe the flagship crypto can still reach new heights in this market cycle. Some say this might be what Bitcoin needs before making another parabolic run to the upside.  Bitcoin’s Decline Is Nothing To Be Scared Of Raoul Pal, the CEO of Real Vision, reassured in an X (formerly Twitter) post that Bitcoin’s recent price decline was…