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Bitcoin News
Coinpedia
2w
428
Image Credit: Coinpedia
Why is Bitcoin Price Dropping Now? Will BTC Price Go Down to $100K?
- Bitcoin price faced a rejection after hitting a new all-time high, indicating the start of a corrective phase.
- Bitcoin accumulation across all wallet categories has shifted to net accumulators, supporting a bullish outlook.
- Maintaining above $100K is crucial for Bitcoin after dropping below $110K to avoid a major correction.
- Bitcoin price experienced a drop below $107K amid a broader crypto crash and stock market sell-off, with potential for a fresh ATH.
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TechJuice
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320
Image Credit: TechJuice
Bitcoin & Altcoins Dip Amid Trade Concerns: Is the Bull Run Over?
- Cryptocurrency market experiences a downturn, raising doubts about the sustainability of the ongoing bull run.
- Bitcoin drops to $107,300, marking a 4.12% decline from its recent high, while Ethereum falls over 8% from its peak.
- Other major cryptocurrencies like BNB, Cardano (ADA), and XRP also register losses following Bitcoin's trend.
- Factors contributing to the market correction include economic policies, security concerns, and regulatory developments, impacting investor sentiment and market volatility.
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19 Likes
Livebitcoinnews
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Image Credit: Livebitcoinnews
Massachusetts Bitcoin Launderer Sentenced to 6-Year Prison Term
- Trung Nguyen, 48, of Danvers, sentenced to six years in prison for operating an unauthorized Bitcoin business.
- Nguyen laundered over $1 million for scammers and drug dealers through his company, National Vending.
- He omitted FinCEN registration and violated anti-money laundering laws by exchanging cash for Bitcoin for illegal transactions.
- The scheme was exposed by an investigation involving Homeland Security Investigations, IRS Criminal Investigation, and the U.S. Postal Inspection Service.
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20 Likes
Newsbtc
2w
82
Buy XRP Before It Explodes To $1,000, Market Expert Says
- XRP market expert BarriC suggests buying XRP before it reaches $1,000, citing its current price of $2.39 as a bargain.
- BarriC predicts XRP to surge to $10 first and eventually hit $20, representing a potential seven-fold gain for buyers getting in below $3.
- Despite the optimistic outlook, BarriC warns of a possible 50% drop in XRP's price to $5-$10 after reaching $20, presenting a new buying opportunity.
- Long-term vision for XRP includes it being used by banks for daily money transfers, possibly driving the price to $1,000 within 10 years and reaching a market cap of over $58 trillion.
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4 Likes
TronWeekly
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129
Image Credit: TronWeekly
Bitcoin Crashes 5% Post-$112K ATH as Trump Revives Trade War With EU and Apple
- Bitcoin retraced over 5% after Trump’s tariff threats dampened the rally post-$112K ATH.
- A bullish “Golden Cross” on Bitcoin’s weekly chart signals historical potential for a 60% surge.
- Market uncertainty rises as U.S. trade tensions with the EU and Apple’s offshore production face fresh scrutiny.
- Trump's tariff threats triggered a Bitcoin price drop, hitting $107,600, impacting wider equity markets. The Golden Cross pattern suggests a potential 60% BTC surge amidst market jitters due to U.S. trade tensions and Apple's offshore production scrutiny.
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Bitcoinist
2w
411
Image Credit: Bitcoinist
Bitcoin Price Temperature Rises Fast – Still Room Before This Cycle Peaks?
- Bitcoin price surged past its all-time high, hitting $112,000, and currently holds above $110,000 with strong bullish sentiment.
- Bitcoin Price Temperature metric is at 2.67 points, indicating potential market overheating, though still below historical averages.
- Bitcoin's momentum is strong amidst global economic risks, with analysts cautious about the need to clear $115,000 to confirm a new bullish phase.
- BTC maintains a strong bullish structure on the daily chart, with important support levels at $103,600 and $100,000 as consolidation is expected after the recent surge.
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24 Likes
Newsbtc
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372
Bitcoin Extreme Greed Is Here—Time To Be A Contrarian?
- Bitcoin market sentiment has reached extreme greed territory following the cryptocurrency's new high above $111,000.
- The Fear & Greed Index, representing market sentiment, is currently in the extreme greed zone, above 75.
- Historically, extreme sentiments like extreme greed have signaled major tops and bottoms for Bitcoin and other digital assets, prompting contrarian investing strategies.
- Recently, whales have withdrawn a significant amount of Bitcoin from the Binance platform, possibly indicating a demand for HODLing in self-custodial wallets.
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22 Likes
Coindoo
2w
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Image Credit: Coindoo
Semler Scientific Buys Additional 455 BTC, Now Holds Over $474M in Bitcoin
- Semler Scientific recently purchased an additional 455 BTC, bringing their total Bitcoin holdings to 4,264 BTC valued at approximately $474.4 million.
- The company funded the purchase through its $500 million at-the-market offering program, with an average purchase price of $109,801 per BTC for the most recent acquisition.
- Despite short-term volatility, Semler remains confident in Bitcoin's long-term value, reporting a year-to-date BTC yield of 25.8% as a performance metric for its acquisition strategy.
- Semler's significant Bitcoin exposure in the healthcare technology sector reflects its belief in Bitcoin as a treasury reserve asset and hedge against inflation, positioning the company as a key player in corporate Bitcoin treasuries.
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16 Likes
Bitcoinist
2w
177
Image Credit: Bitcoinist
Bitcoin’s Current Trend Echoing Past Cycle Moves After Making History – Here’s How
- Bitcoin has reached a new all-time high, echoing past cycle moves, indicating a strong current trend.
- Analysis by Alphractal shows Bitcoin has broken its all-time high for the third time this cycle, reflecting a resilient rally.
- Comparisons to past cycles suggest ongoing uptrend might continue, but data shows growth rate is slower than previous bull markets.
- Despite the surge in Bitcoin's price, profit-taking has decreased, indicating growing belief in the asset's upward momentum.
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10 Likes
Bitcoinist
2w
25
Image Credit: Bitcoinist
Bitcoin Price Enters 5th Wave After Decline, Eyes Stronger Breakout Rally
- Crypto analyst CrediBULL Crypto predicts a stronger breakout rally for Bitcoin as it enters the Wave 5 impulsive move to the upside.
- CrediBULL Crypto believes that the current rally in Bitcoin is part of Wave 5 and expects it to be more significant than previous impulsive moves.
- The analyst indicates that Bitcoin's monthly RSI entering overbought territory suggests a potential 'silly' phase, with the cryptocurrency approaching a blowoff top.
- Other analysts, including Titan of Crypto and Peter Brandt, foresee Bitcoin's price rallying to new all-time highs, with projections ranging from $113,000 to $150,000.
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1 Like
Pymnts
2w
95
Image Credit: Pymnts
Stablecoin Issuer Tether to Retain ‘Strong Focus’ on Markets Outside US
- Stablecoin issuer Tether plans to remain focused on markets outside the U.S. while aiming to comply with potential U.S. regulations for digital tokens.
- Tether, accounting for over 60% of the global stablecoin market, does not serve U.S. customers and is based in El Salvador.
- U.S. bills require stablecoins to be fully backed by cash and 'safe assets', subject to AML regulations, and audited by big four firms.
- Tether's recent financial figures show compliance challenges as it eyes launching new stablecoins and AI payment platform.
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5 Likes
Bitcoinist
2w
307
Image Credit: Bitcoinist
Bitcoin Price Momentum Drops 38% After ATH – Healthy Pause Or Warning Sign?
- Bitcoin remains above $110,000 after reaching a new all-time high, indicating the potential for a strong bullish trend.
- Despite a 38% slowdown in momentum post-breakout, analysts view this as a healthy technical cooldown typical after surpassing previous highs.
- Bitcoin faces a crucial test above $110,000 amidst macroeconomic uncertainties and increasing institutional interest, with $115,000 level proving to be pivotal for a new bullish leg.
- Technical analysis shows BTC consolidating around $111,000, maintaining bullish indicators, but a drop below $107,000 could signal a weakening momentum and potential correction towards $103,600 support.
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18 Likes
Newsbtc
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216
Image Credit: Newsbtc
Bitcoin Buyers Regain Control – Spot CVD Flashes Bullish Shift Above $110,000
- Bitcoin (BTC) surged to a new all-time high of $111,980 on Binance crypto exchange, with technical data showing dominance by buyers, hinting at further price appreciation.
- Bitcoin Spot Taker Cumulative Volume Delta (CVD) shifted back to green, indicating aggressive buyers leading the market and potential bullish momentum.
- Recent analysis highlights that current BTC rally is different, with short-term investors holding profits, whales showing mixed reactions, and neutral funding rates suggesting an organic rally. BTC trades at $108,553.
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13 Likes
Bitcoinist
2w
324
Image Credit: Bitcoinist
Crazy Bitcoin Bet: Trader’s $1 Billion Wager Says BTC Climbs This Week
- Crypto trader James Wynn places almost $1 billion bet on Bitcoin's further rise, using borrowed funds to amplify stake on Hyperliquid decentralized exchange.
- Wynn's past success includes predicting Pepe memecoin's market value, translating to eight-figure gains, and now his leveraged Bitcoin position stands at $800 million with $40 million unrealized gains.
- The bet comes with risks as Bitcoin falling below $100,850 could wipe out the position, but Wynn plans to add more funds instead of facing liquidation in case of market turbulence.
- Market outlook suggests chances of Bitcoin hitting $115,000 to $120,000 are favorable, aligning with Wynn's target, but caution is advised due to potential quick drops and market slippage.
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19 Likes
Bitcoinsensus
2w
298
Image Credit: Bitcoinsensus
Bitcoin ATH Momentum Halts as Trump Threatens Europe with 50% Tariffs
- U.S. President Donald Trump has announced a proposed 50% tariff on EU imports starting June 1st, escalating trade tensions with the European Union.
- Trump accused the European Union of various trade malpractices and stated negotiations were not progressing, leading to the recommendation of a 50% tariff on EU imports.
- Markets reacted negatively to the tariff announcement, with Dow Jones and European stocks taking a hit. Bitcoin also fell by 3.6% in an hour after the news, breaking its ascending pattern.
- Despite recovering some losses, Bitcoin is currently trading at $108,338, down 2.51% over the last 24 hours, following the market impact of Trump's tariff plan.
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17 Likes
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