BTC

Bitcoin holders have again reaffirmed their faith in the flagship crypto despite its recent price declines. This follows recent data showing that Bitcoin accumulation addresses recorded a new all-time high (ATH) amidst the current market downward trend.  Accumulation Addresses Record New All-Time High Of Bitcoin Inflows Data from the on-chain analytics platform CryptoQuant shows that over 27,700 BTC was transferred into accumulation addresses between April 16 and 17. This is a new all-time high (ATH) for these addresses in terms…

The post Bitcoin Halving Might Trigger A ‘Sell The News Event’:Here’s How BTC Price Could React appeared first on Coinpedia Fintech News Bitcoin (BTC) halving is an event where the reward for mining a BTC block is reduced by half every 210,000 blocks, approximately every four years. As this event is just under 70 blocks away, the BTC price has rallied from its recent low of below $60,000 on Wednesday, targeting a retest of the $65,000 mark. Nevertheless, there could…

The post Is Mining BTC with NFTs Legit or Scam: GoMining In-Depth Review 2024 appeared first on Coinpedia Fintech News Since it was created back in 2009, Bitcoin has been the trailblazer of the crypto world. Climbing to unprecedented heights, everyone wanted a piece of the action, everyone, that is, until the cryptocurrency ran into stormy waters. Of course, every asset experiences such turbulence. However, it didn’t stop many from jumping ship and the resulting crash to follow. Nevertheless, crypto…

While talking about the monetary policies undertaken by the US government as well as other economic giants like China and Japan, BitMEX’s co-founder, Arthur Hayes, highlighted Bitcoin as the only suitable solution in times of expanding central banking balance sheets. He made these comments during the current Token2049 conference in Dubai. Hayes began by asserting that the real yields will continue to be negative, which is something the US Fed and Treasury are actively managing to maintain. This is because…

There are approximately 21,800 Bitcoin options contracts due to expire on Friday, April 19. These derivatives have a notional value of around $1.33 billion, which is marginally lower than last week’s expiry event. Moreover, crypto markets have been tanking hard all week, with Bitcoin poised to lose its psychological price level of $60,000. Bitcoin Options Expiry Today’s expiring batch of BTC contracts has a put/call ratio of 0.63, which means there are almost twice as many call (long) contracts expiring…

The post Bitcoin Halving May Not Impact Prices As Hype Over Spot ETFs Continues: What To Expect From BTC Price? appeared first on Coinpedia Fintech News Bitcoin traders are eagerly anticipating that the upcoming scheduled decrease in the issuance of new coins will lead to a significant surge in Bitcoin’s price. Nevertheless, this expectation may not be fully realized this time, according to various experts. Deutsche Bank suggests that the effects of the Bitcoin halving are already reflected in its…

Bitcoin has seen its price suffer from the tremendous selling pressure that has filled the market over the last few weeks. However, as investors hope for relief, it seems that the sellers are far from done, with one notable Bitcoin sell transaction in particular sending the market into a frenzy. Whale Dumps $1 Billion Worth Of Bitcoin Whale tracker Whale Alert took to X (formerly Twitter) to inform the crypto community of a large Bitcoin transaction that was participating in…

Bitcoin’s upcoming halving event could significantly influence its price, potentially pushing it to either $80,000 or down to $40,000. The scarcity induced by halving is intended to enhance Bitcoin’s value, mirroring effects seen in past events. In less than 48 hours, the Bitcoin network will undergo its fourth mining reward halving, a crucial event that cuts the reward for mining new blocks by 50%, reducing it from 6.25 BTC to 3.125 BTC per block. This halving is not just a…

The post Bitcoin Price is Playing Above the Important Support; Is the Time to Long BTC? appeared first on Coinpedia Fintech News The Bitcoin price is facing some extra upward pressure as the token is printing constant bearish candles after failing to surpass $72,000 for over a month. The bulls are trying hard to keep up the bullish momentum, but the bears appear to be poised to restrict the rally below the major resistance. With this, the final resistance zone…