Impact

The post Bitcoin News Today: How Corporate and Government Bitcoin Reserves Impact the Market appeared first on Coinpedia Fintech News Companies -both public and private – and governments hold large Bitcoin reserves. MicroStrategy, a public company, owns around 226,500 Bitcoins. Similarly, the US government holds over 207,189 Bitcoins. At a time when the market is expecting a recession, it is important to have a clear understanding of the influence of large Bitcoin holders on the Bitcoin price. Bitcoin Holdings by…

With the ongoing slump in Bitcoin (BTC) and the broader crypto market, traders should prepare for potential price swings this week, driven by key US economic updates. Bitcoin is hovering around $54,000, with experts predicting more downward movement. Historically, September is the worst-performing month for BTC, but there’s hope for a rebound in October. Key US Economic Events to Watch This Week Risk-on assets like Bitcoin have started the week quietly. The largest cryptocurrency is currently trading at $54,800, reflecting…

Ripple (XRP) recently unlocked another massive tranche of 1 billion XRP tokens from its escrow accounts, a routine but significant move that has once again stirred discussions in the crypto community. As XRP’s price dipped slightly following the release, the event raises questions about the broader impact on the cryptocurrency market, particularly on emerging coins like Mpeppe (MPEPE). Here’s a closer look at how Ripple’s latest move might influence Mpeppe’s (MPEPE) trajectory. How Is Mpeppe Positioned in a Volatile Market?…

The post Telegram Surges in App Charts After CEO Arrest; Expert Discusses Impact on Other Messaging Apps appeared first on Coinpedia Fintech News Chris Beer, a consumer and tech analyst at GWI, notes that the accusations against Telegram CEO Pavel Durov aren’t unique to the app and could apply to other social media platforms. For the unversed, Durov was arrested recently at Le Bourget Airport near Paris. The investigation against him focuses on the lack of moderators on Telegram, with…

The cryptocurrency markets are closely watching several key US macroeconomic events this month, which could significantly impact portfolios. Fed interest rates announcements in particular will be a key print in September. Positive economic data often influences investor sentiment in the crypto space. As traditional markets strengthen, investors become more confident in the overall economy, and vice versa. This could influence risk appetite and, ultimately interest in alternative assets like cryptocurrencies US Economic Events to Watch in September Bitcoin (BTC) has…

As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in shaping Bitcoin market sentiment. Notably, these economic indicators are expected to offer greater clarity on whether the Federal Reserve will commence a rate-cutting cycle in…

President Nayib Bukele’s bold initiative to introduce Bitcoin as legal tender in El Salvador has been a focal point globally, yet the adoption hasn’t reached the expected heights. Bukele shared his nuanced perspective on the country’s digital currency journey in an interview. Although Bitcoin is regularly used by Salvadorans and businesses, overall adoption has not met initial hopes. Bukele Explains Why Bitcoin Did Not Achieve Widespread Adoption Bukele believes that slow adoption is because Bitcoin has always been a voluntary…

The post Altcoin Rebound on the Horizon? A Look at Bitcoin’s Market Impact appeared first on Coinpedia Fintech News Less than 72 hours to the monthly close, it is more evident that Bitcoin’s (BTC) price will likely end the turbulent August with a bearish outlook. Nevertheless, Bitcoin price established a robust support level above $58k in the past weeks, thus positioning the altcoin industry for a further rebound in the near term.  Correlation Study Between Altcoin Industry and Bitcoin  According…

Due to regulatory hurdles, XRP failed to initiate a significant rally alongside other notable cryptocurrency assets like Bitcoin and Ethereum in the 2021 bull cycle. There has been much speculation about when the altcoin will surge again. However, a market expert has recently shared insights into when the actual price impact for XRP will develop, indicating a positive future for the crypto asset. Real Price Impact For XRP On The Horizon SMQKE, an observer and researcher of Current Tech Shift, has disclosed the period…