BTC

Bitcoin’s price is yet to break above its recent high and create a new ATH. However, looking at the technical and fundamental signs, it might only be a matter of time. Bitcoin Price Analysis: Technicals By TradingRage The Daily BTC Chart Over the last month, the Bitcoin price has been trapped inside a large symmetrical triangle pattern on the daily timeframe. Yet, it is currently testing the higher boundary of the pattern, trying to push above the $70K level. If…

Bitcoin is all set to undergo halving later this month. With less than 10 days away, the network has reached yet another crucial milestone. The latest stats compiled by CoinWarz revealed a record-breaking mining difficulty for Bitcoin, peaking at 86.39 trillion. Over the last week, it climbed by 3.92%, and within the last month, it surged by 8.87%. This indicates a 3.4% upswing from the prior high of 83 trillion, established on March 28. Bitcoin network hash rate, on the…

Hong Kong is ready to approve a Bitcoin ETF next week that could usher in a new wave of Chinese investors looking for alternative investment options. The launch of a U.S. Bitcoin ETF drove BTC to an all-time high and the involvement of the Asian market could supercharge prices to $90,000. Hong Kong is getting ready to approve a Bitcoin ETF next week, Reuters reports. Experts predict that this could usher in a new wave of Chinese investors. A Bitcoin…

The post Bitcoin (BTC) Price to Hit New ATH Before April 20th: Here’s Why appeared first on Coinpedia Fintech News Bitcoin’s (BTC) price is attempting to rally beyond the resistance level of around $71,000 again after a fake breakout earlier this week that saw the instrument rebound to the support level of around $68,000. On-chain data shows that Bitcoin whales have accumulated more coins despite market volatility.  Moreover, more wealth fund managers have been diversifying their portfolios to the digital…

US CPI data for March came in at a hotter than expected 3.5%. This rise is not good for markets generally, and most indices were down. However, after an initial fall, bitcoin has held support and is currently at $70,000. The accumulation period for $BTC continues. Inflation hedge? Bitcoin has often been talked about as an inflation hedge, but thus far this has generally not held true. However, things have changed in this bitcoin bull market. Traditional markets are now…

Grayscale Bitcoin Trust (GBTC) recorded its lowest net outflow of $17.5 million for the first time since its conversion to a spot Bitcoin exchange-traded fund (ETF) on Wednesday, according to Farside Investors data. This follows a statement by Grayscale Investments CEO Michael Sonnenshein that the company’s fund is close to a point of “equilibrium” regarding its outflows. GBTC Outflows Slow Down According to data from Farside, GBTC experienced combined net outflows exceeding $450 million on Monday and Tuesday, contributing to…

Bitcoin’s price slumped hard yesterday following the latest US CPI announcement but went on the offensive hours later and currently flirts with the $71,000 line. Moreover, DOGE, TON, NEAR, WIF, VET, and ETC have had impressive gains over the past day or so, with TON and WIF surging by about 9%. BTC Challenges $71K BTC had fallen below $66,000 on Friday but started to regain traction during the weekend and even challenged the $70,000 level on Sunday. However, it was…

TL;DR Bitcoin (BTC) saw its price fluctuate significantly but recovered to above $70,000 despite market dips influenced by US inflation reports. Ripple (XRP) experienced a 9% weekly rise in value, drawing attention ahead of its trial with the US SEC. Shiba Inu (SHIB) enjoyed a 6% increase in the last seven days, with predictions of further growth bolstered by network activity and development updates. BTC’s Enhanced Volatility The price of the primary cryptocurrency passed through significant turbulence in the last…

The post Bitcoin Halving Just 10 Days Away! Will BTC Price Flash A Different Trend This Time? appeared first on Coinpedia Fintech News Bitcoin is experiencing various influences on its price, but few events gain as much interest as the halvings as it is now only 10 days away. Looking back, halvings have consistently sparked bull markets. Although their impact seems to be declining over time, the next halving is still expected to play a significant role in the Bitcoin…