Bitcoin bear trap over? BTC price fractal hints at parabolic move next

Bitcoin still faces significant resistance at $62,000, and if it breaks, it could liquidate over $845 million of leveraged shorts.

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Bitcoin Bounces Back: Analysts Predict Further Surge Amidst Bearish Skepticism

Bitcoin is beginning to recover dramatically and thus light a new hope among traders and analysts. As for the largest cryptocurrency Bitcoin, it has shown an excellent performance, rallying 25% from the recent low of $49,000, and closing the daily candle above the critical level of $61,000. This positive trend has not gone unnoticed by […]

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Bitcoin bull-bear market cycle signals potential bear market Analyst

Bitcoin fell to a low of approximately $49,000 following market turmoil brought on by the Bank of Japans rate hike and the Federal Reserves inaction.

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Bitcoin Roller Coaster: Analyst Predicts Hope Amid Volatility

Yoddha, a famous crypto analyst, has recently provided his outlook on Bitcoin. In a recent X post, the analyst suggested an upward trend for Bitcoin is possible should some conditions be fulfilled. He said that if the current weekly market performance is sustainable, then there might be a positive outlook for Bitcoin, inferring that the […]

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RFK Jr: Only Bitcoin can guarantee US dollars reserve currency status

Presidential candidate Robert F. Kennedy Jr. heard about Bitcoin from his kids. Now, he believes it should be part of the bedrock of Americas monetary system.

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Bitcoin Faces Ongoing Risks: Should You Wait or Trade Now?

A recent analysis from CryptoQuant pointed out that Bitcoin is still in continuation of the price correction phase. Despite this, on-chain analysis reveals that there remains a high risk in the market despite the decline in the value of the cryptocurrency. Currently, only 24% of the circulating supply of BTC is held in an unrealized […]

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Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year

The huge asset manager was denied approval for the Wise Origin Trust last year; now, it is joining a long line of spot fund hopefuls.

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Bitcoin's Winning Streak Finally Comes to an End

Bitcoin lost its two-week streak. Jan. 18 saw BTC's first red candle. The U.S. Department of Justice statement earlier in the week seems to have caused the price drop. (Read More)

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Bitcoin price corrects after hitting a wall at a multi-month descending trendline

“Up only” Bitcoin and Ethereum take a breather after encountering resistance at a stiff multi-month descending trendline.

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Ethereum network is at ‘pivotal moment’, says BTC Markets CEO

Caroline Bowler, the chief executive officer of Australian-based digital asset exchange BTC Markets, says Ethereum (ETH/USD) is peering at what could be the most pivotal moment in crypto and for the blockchain network.

Bowler commented on the imminent “Merge” upgrade while speaking to “Bloomberg Daybreak: Asia” on Friday.

“So this is a really pivotal moment for the Ethereum network. As we know this is the second largest cryptocurrency by market cap and is also known as the utility platform. This is the layer upon which the blockchain economy is going to be built. The importance of this … to use an analogy to regular life, would be as if you’re trying to change the engine of a plane mid-flight.”

The BTC Markets CEO noted that while the Ethereum network is “pivoting away from the proof of work consensus mechanism”, the merge is not just about flipping to a totally different type of consensus model. It’s also about laying the foundation for a complete overhaul of the ecosystem, especially in the quest for higher scalability, and cutting the environmental impact of PoW mining.

Ethereum co-founder Vitalik Buterin noted that even with the merge, the network’s development would only be around 55% complete. So, vulnerabilities and such other unforeseen circumstances could expose the network. Read more here.

But despite there being potential potholes, Bowler says the switch remains audacious and that the risks involved even in an untested environment, are worth taking.

“They pull off this successfully, it is going to become the flag bearer for the block chain economy,” she added.

Post-merge developments will enhance Ethereum’s robustness and see more and more business tap into and build on the PoS network. And with the growth cycle, the expectation is that the price of ETH will begin to rise.

Bowler’s comments come after Ethereum’s latest testnet Goerli, the third and final testnet before the highly anticipated Merge. The activation of Goerli added to previous testnet Ropsten and Sepolia – all successful and bringing Ethereum on the verge of the Merge going live. That event is expected in September.

The post Ethereum network is at ‘pivotal moment’, says BTC Markets CEO appeared first on Invezz.

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BTC Markets, an Australian cryptocurrency exchange, has been granted a finance service licence.

For BTC and cryptocurrency-related businesses, certain countries have mandated rules. For instance, a legislation mandates that all cryptocurrency exchanges and service providers hold a financial licence. These rules are necessary because the use of cryptocurrency is becoming more widely used in frauds and criminal activity. Many countries are on edge as digital assets and crimes […]

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Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds

BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower.

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Bitcoin price falls below its ‘realized price’ but is it time to buy the dip?

Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying?

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Bitcoin price recovers $31.5K, but traders say ‘scam’ price action will bring more downside

BTC price rallied back to a strong resistance level at $31,500, but traders caution that another whipsaw is the most likely outcome.

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On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range.

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3 metrics contrarian crypto investors use to know when to buy Bitcoin

Bitcoin price is down, but which dips are the ones to buy? Here are three metrics savvy investors use to determine when to buy BTC.

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Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

ETH dropped below a key support in its USD and BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal.

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‘Extreme fear’ grips Bitcoin price, but analysts point to signs of a potential reversal

Sideways crypto price action persists as the Federal Reserve confirms its plan to continue raising interest rates, but analysts spot a silver lining.

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Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory.

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Bitcoin is discounted near its ‘realized’ price, but analysts say there’s room for deep downside

On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery.

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