Market

Seasoned trader Peter Brandt has reignited discussions with a bullish Bitcoin forecast that could see the premier cryptocurrency soar to new heights. Amid skepticism and divergent market opinions, Brandt’s projection places Bitcoin on a potential path to reclaim its all-time high near $74,000. Brandt’s Bullish Bitcoin Vision Peter Brandt, synonymous with market foresight, recently outlined a scenario where Bitcoin could experience a significant rally. His analysis, shared via a social media post on X with a BTC analyzed chart, suggests…

Shiba Inu (SHIB) is capturing significant attention following a colossal transfer of tokens and a prediction of a bullish breakout. This event has piqued the curiosity of both traders and analysts alike, sparking debates and expectations about the future trajectory of this popular meme coin. Large SHIB Token Transfer Sparks Speculation Recently, the crypto community witnessed an extraordinary transaction involving the movement of nearly two trillion SHIB tokens from the trading platform Robinhood to an undisclosed wallet. This transfer, identified…

The post Crypto Market Overview: Bitcoin Shows A Sign Of Relief Amid Increased Price Volatility! appeared first on Coinpedia Fintech News After recording a significant correction in the cross-border payments over the past few days, the cryptocurrency market leader, Bitcoin price, has displayed a decent uptrend by recording a jump of 5.12%, from $56,523 to $59,389 within the past day and a 24-hour trading volume of $39,480,145 Billion, indicating an increase in the bullish sentiment within the crypto space.

The post Bitcoin’s Exchange Inflows Reflect Market Sentiment Shift appeared first on Coinpedia Fintech News As of May 2, 2024, Bitcoin experienced a notable influx of 1,444 BTC, signaling a positive shift in market sentiment. This uptick aligns with Bitcoin’s price at $57,666 and follows recent developments in Hong Kong, where new Bitcoin and ETH ETFs have seen substantial transactions. These ETFs, fostering increased market liquidity and investor confidence, likely contribute to the heightened activity and optimism. This suggests a…

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.…

In a month marked by a challenging correction in the crypto market, Layer 2 (L2) blockchain protocol Optimism has emerged as a standout performer. Within the past 24 hours, Optimism’s native OP token skyrocketed by 9%, positioning it as the best-performing token among the top 100 cryptocurrencies.  Behind this surge lies venture capital firm a16z, which has reportedly invested around $90 million in Optimism’s OP token, signaling further institutional support for the layer 2 protocol.  OP Receives Major Investment Sources…

Bitcoin has recently concluded April, marking its most significant monthly decline. Despite the bearish momentum, leading market analysts, including Michael van de Poppe, believe that the worst may soon be over, suggesting that Bitcoin is nearing the end of its current correction phase. Bitcoin At The End Of Correction? April was challenging for Bitcoin, as its value plunged nearly 20%, dipping below $57,000, the lowest level traded since late February. This drop is part of an intense market sell-off that…

The price of Bitcoin dropped to $57,300 as investors were unsure what to expect before the Fed announcement. Permanent holders and whales reduce the demand, which sends the market anticipation of a decline. Bitcoin and various cryptocurrencies experienced a significant downturn, dropping to their lowest levels in over two months. This decline coincided with broader market pessimism as investors awaited the U.S. Federal Reserve’s impending interest rate decision. Bitcoin’s price dipped below $57,000 for the first time since late February,…

The crypto market is awaiting feedback from FOMC on the potential interest rate policy. Market sentiment remains bearish but macroeconomic headwinds may tilt sentiment. The crypto market continues to see increased tension amid anticipations of the Federal Open Market Committee (FOMC) meeting. People are awaiting the results with the expectation of maintained interest rates as Bitcoin (BTC), the world’s largest digital asset surges above $60,000. Possible Outcomes of FOMC Meeting The FOMC is the division of the United States Federal…