BTC

With the FED interest rate decision expected today, the market turned bearish, and Bitcoin crashed by over 5% within a few hours. Let’s examine three different technical indicators that may provide important insights into why the market is currently making new local lows. Key Support levels: $52,000, $48,500 Key Resistance levels: $57,500, $63,800 1. BTC Price Breaks Key Support Since April, Bitcoin has been making lower lows, which confirms a bearish trend, at least in a short to medium timeframe.…

The post Bitcoin Price Prediction For May: Here’s What in Store For BTC Price appeared first on Coinpedia Fintech News The recent 5% drop in Bitcoin’s price, pushing it down to $60,000, highlights a significant downturn following a weeks-long decline from its peak near $75,000 in mid-March. Now, Bitcoin faces a double whammy as it breaches a crucial technical support level, potentially signaling further short-term downside.  Bitcoin Price to Take a Dip Below $40K? Experts Weigh In On a similar…

The post With CZ in Prison, $300M+ Liquidations Drop BTC Price To $60K appeared first on Coinpedia Fintech News As the founder of Binance, Chanpeng Zhao was sentenced to four months in prison; BTC and other altcoins price experienced a massive drop. Amidst this legal storm, the crypto world witnesses a $322 million-long liquidation, per Coinglass.  The legalities increase the FUD in the crypto world and lead to the lowest closing price in Bitcoin in the last 60 days. With…

The trading day continues in an even more painful manner for bitcoin as the primary cryptocurrency took another hit and slumped to its lowest price position in over two months of under $59,300. The altcoins’ situation is worse, with ETH dropping below $3,000, SOL dumping by 8%, and a few double-digit price declines. Bitcoin/Price/Chart. Source: TradingView It was just earlier today when the bitcoin bulls had taken charge and initiated an impressive leg up that resulted in the asset nearing…

Cryptocurrency markets have always been a hotbed of speculation and innovation, with investors constantly on the lookout for the next big thing. In recent years, Bitcoin has dominated headlines with its meteoric rise, but savvy investors understand that the real potential lies in identifying promising altcoins early on.  One such altcoin that has caught the attention of seasoned analysts is Hump Token (HUMP), which is emerging as a strong competitor to Ethereum (ETH). With its current price below $0.03, some…

Even the Hong Kong-based Bitcoin and Ethereum ETFs can’t shake off the negative sentiment in the crypto market, as the primary cryptocurrency dropped back down to around $62,000. Aside from CRO, which has jumped by about 5%, the rest of the larger-cap alts are either in the red or with insignificant gains. BTC Fails at $65K Bitcoin had a more positive start to the previous business week, as it jumped to over $67,000 on a few occasions. However, it didn’t…

The post Why Bitcoin Price Was Down In April Month? What Next For BTC Price? appeared first on Coinpedia Fintech News Bitcoin and the broader cryptocurrency market faced a downturn on Monday, driven by anticipation of a significant Federal Reserve meeting later this week.  As investors speculated about the meeting’s implications, the potential for a longer period of higher interest rates created uncertainty, leading to a sell-off. Bitcoin fell to a one-week low of $61,928 in early trading before recovering…

The post Bitcoin’s STH-Realized Price Creates A Strong Support Around $60K! Will BTC Price Rebound? appeared first on Coinpedia Fintech News April was tough for Bitcoin as it fell below key support levels and approached weekly lows, pressured by macroeconomic and geopolitical issues. Despite the bearish trend, the Short-Term Holder (STH) Realized Price suggests a potential buying opportunity, hinting at a possible bullish reversal. Bitcoin’s STH-Realized Holds Support   In the past 24 hours, the cryptocurrency market has seen significant selling…

A Bitcoin miner defied the odds by independently solving a network block 841,286, which allowed them to acquire a full 3.125 BTC reward. The fourth Bitcoin halving took place on April 20 at block 840,000, reducing the block reward from 6.25 BTC to 3.125 BTC, which is currently valued at around $200,000. Bitcoin Miner Solves 282nd Solo Block On April 29, Con Kolivas, a software engineer and administrator from the solo mining pool ckpool, shared on X that a miner…