Will Bitcoin Bounce Back? Traders Place Their Bets on a Rocky Q4, Data Shows

So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is a sign that the market has become more fearful as traders watch several key technical levels. However, the latest data suggests a shift in trader…

Ethereum Layer 2 Mainnet To Go Live In Q4 This Year

The post Ethereum Layer 2 Mainnet To Go Live In Q4 This Year appeared first on Coinpedia Fintech News According to X post by Hashkey Chain, the main net is set to go live in Q4. At the 2024 Hong Kong Web3 Festival in April, HashKey Group revealed its plans to launch an Ethereum Layer 2 network named HashKey Chain. The network will utilize zero-knowledge-proof technology to enhance the group’s Web3 ecosystem by offering cost-effective, efficient, and developer-friendly on-chain services.…

Bitcoin’s Summer Lull: What Lies Ahead for Q4 2024?

The post Bitcoin’s Summer Lull: What Lies Ahead for Q4 2024? appeared first on Coinpedia Fintech News Bitcoin’s slump dropped to under $54,000 below its 200-day simple moving average. The fall comes as Mt. Gox began to repay customers & German government continues to sell its sized Bitcoin holdings. As Bitcoin experiences its anticipated summer lull, renowned crypto analyst Benjamin Cowen has talked a lot about Bitcoin’s summer slowdown, a period when its price tends to dip or stagnate. Now…

Q3 & Q4 Poised For A Massive Altcoin Rally Hints Top Crypto Analyst 

The post Q3 & Q4 Poised For A Massive Altcoin Rally Hints Top Crypto Analyst  appeared first on Coinpedia Fintech News The 2024 crypto market upswing has largely been dominated by bitcoin (BTC) along with the sectors of meme coins. Currently, the total market capitalization for all crypto assets stands at $2.28 trillion, with BTC holding a dominance of 55.36%. Analyzing the current altcoin market renowned crypto analyst Captain Faibik has expressed an optimistic outlook for the altcoin market, predicting…

Top Altcoins Set For 10x – 20x Profits In Q4 2024 With ETH ETF Launch!

The post Top Altcoins Set For 10x – 20x Profits In Q4 2024 With ETH ETF Launch! appeared first on Coinpedia Fintech News The crypto market has recorded a strong bearish price action over the past week, indicating an increase in the negative sentiment. Furthermore, top crypto tokens have experienced significant corrections in their respective portfolios, highlighting uncertainty in future price action. On the other hand, the mid-cap and low-cap altcoins have experienced massive price action with many tokens recording…

Tesla’s BTC Positions Remained Unchanged in Q4 of 2022

According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…

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