A naukri.com initiative
Bitcoin News
Coinpedia
1M
32
Image Credit: Coinpedia
Bitcoin Price Analysis: Hidden Threat Signals Pullback; Will Bitcoin Slip Below $60K Again?
- A hidden bearish divergence signal is showing up on Bitcoin's chart, indicating potential challenges ahead.
- Bitcoin is facing resistance at $64,500, and breaking this level could continue the short-term bullish trend.
- Support levels to watch are around $63,000 and between $60,200 and $61,200.
- Bitcoin, Ethereum, and Solana are currently showing overbought signals, suggesting a potential need for a short-term pullback or sideways movement.
Read Full Article
1 Like
Bitcoinist
1M
434
Image Credit: Bitcoinist
Is Bitcoin Dominance Coming To An End? Analyst Says ‘Altcoin Season’ Is Upon Us
- Bitcoin dominance over other digital assets has increased by 6% in 2024.
- Ethereum underperforms in comparison to Bitcoin due to spot ETF launches.
- Analyst predicts the end of Bitcoin dominance and the beginning of altcoin season.
- Altcoin market cap shows bullish breakout, indicating the potential for an altcoin season.
Read Full Article
26 Likes
Newsbtc
1M
27
Image Credit: Newsbtc
Avalanche (AVAX) Could Rise 50% If It Breaks $28 Resistance – Crypto Analyst
- Avalanche (AVAX) has surged 25% since the Federal Reserve's interest rate cut announcement.
- AVAX is testing a crucial resistance level near $28, which could determine its future price action.
- Analysts project a potential 50% surge if AVAX breaks above this resistance level.
- If AVAX fails to break through, a pullback and retest of previous support levels may occur.
Read Full Article
1 Like
Crypto-News-Flash
1M
302
Image Credit: Crypto-News-Flash
Altcoin Season Looms as Bitcoin Dominance Shows Signs of Weakness
- The altcoin market cap shows bullish signals, suggesting a potential altcoin season ahead.
- Bitcoin's dominance is indicating a potential breakdown from a rising wedge pattern.
- The altcoin market cap is breaking out of a falling wedge, signaling a potential altcoin season.
- Analysts predict altcoins will outperform Bitcoin, driven by bullish patterns and whale accumulation.
Read Full Article
18 Likes
TronWeekly
1M
155
Image Credit: TronWeekly
Crypto Gains Attention As US Banks Face $5 Billion Debt Loss
- JP Morgan Chase, Wells Fargo, and Bank of America have faced a $5 billion loss stemming from non-performing assets, mainly credit card defaults.
- The banks are struggling with 'rotten debt', unsellable bad debt primarily caused by credit card delinquencies.
- This loss has raised concerns about the stability of the US economy and sparked discussions about the potential of cryptocurrencies as a better solution.
- Crypto enthusiasts argue that decentralized finance platforms could provide a more sustainable model for lending and investing, as they are not dependent on the traditional banking system.
Read Full Article
9 Likes
Bitcoinik
1M
398
Image Credit: Bitcoinik
US Banks Face Massive Losses, Fueling Bitcoin’s Rise as a Safe Haven Asset
- Unrealized losses on investment securities for US banks reached $512.9 billion in Q2 2024, seven times higher than during the 2008 Financial Crisis.
- Bank of America holds $110.8 billion in held-to-maturity securities with unrealized losses, accounting for 20% of total losses across US banks.
- The number of banks on the FDIC Problem Bank List increased to 66 in Q1 2024, representing 1.5% of the industry.
- Bitcoin is experiencing a surge in adoption and price as US banks face major losses, with investors turning to it as a hedge against banking failures and economic uncertainty.
Read Full Article
23 Likes
Bitcoinist
1M
311
Image Credit: Bitcoinist
Bitcoin Remains Resilient Despite Satoshi-Era Miner Sales – Here’s Why
- Bitcoin remains resilient despite recent Satoshi-era miner sales.
- Recent miner selling activity did not have a significant impact on BTC's price.
- Bitcoin's price has increased by 124% despite poor mining metrics.
- BTC is currently trading at $63,146 with potential resistance at $64,000.
Read Full Article
18 Likes
Newsbtc
1M
114
Image Credit: Newsbtc
Bitcoin Whales Take Profit After Latest Price Jump — Here’s How Much They Sold
- Bitcoin whales holding between 1,000 and 10,000 BTC have sold over 30,000 BTC (worth $1.86 billion) in the past four days.
- This selling activity followed Bitcoin's price rally triggered by the US Federal Reserve's interest rate cut.
- Whale sell-offs can lead to caution among other investors and may result in selling pressure or a temporary price pullback.
- Despite the recent whale selling, Bitcoin's price has remained relatively stable, with a minor decline of 0.1% in the past day.
Read Full Article
6 Likes
Bitcoinsensus
1M
18
Image Credit: Bitcoinsensus
Fed, Bitcoin, Gold, and Investors’ Far-Reaching Plans
- The US Federal Reserve has cut the interest rate by 0.5%, triggering the Bitcoin.
- Large investors continue to pursue a strategy of long-term BTC accumulation.
- Many countries rapidly adopt BTC, with El Salvador and Bhutan actively accumulating.
- Blackrock is preparing for a FED crisis by accumulating Bitcoins.
- A falling dollar could boost Bitcoin, as it already has in 2020-2021.
- The US Federal Reserve decided to cut interest rates obviously late, but it still had a positive effect.
- El Salvador continues to buy more with already 5878 Bitcoins, apparently seeing its value over the long haul.
- The Kingdom of Bhutan has acquired and mined 13,000 Bitcoins since 2019, more than double what El Salvador acquired in September 2021.
- Blackrock is quietly preparing for the US Fed crisis with the help of Bitcoin hoarding.
- Many call this de-dollarization, for which there are no doubt obvious arguments.
Read Full Article
1 Like
Bitcoinik
1M
292
Image Credit: Bitcoinik
VanEck CEO Predicts Bitcoin’s Rise to $350,000, Matching Half of Gold’s Market Cap
- VanEck CEO Jan van Eck predicts that Bitcoin will reach a price of $350,000, matching half of gold's market cap.
- Van Eck believes that Bitcoin is maturing and will eventually achieve half the market cap of gold.
- He emphasizes the importance of holding assets like gold and Bitcoin as a hedge against economic challenges.
- The current price of Bitcoin is $62,864, showing a 4.5% increase over the last 7 days.
Read Full Article
17 Likes
Coinpedia
1M
22
Image Credit: Coinpedia
Here’s How MSTR’s Stock Performance Accelerated Due To Bitcoin Adoption, BTC Mining Firms To Follow Suit?
- Microstrategy's stock performance has accelerated due to Bitcoin adoption.
- MSTR stock has outperformed all companies on the S&P 500 and beaten Bitcoin itself in the last four years.
- Institutional investors see MSTR as an avenue to gain exposure to Bitcoin.
- Bitcoin mining firms like Marathon Digital and Cathedra Bitcoin are following Microstrategy's strategy of buying Bitcoin.
Read Full Article
1 Like
Crypto-News-Flash
1M
192
Image Credit: Crypto-News-Flash
Dormant Bitcoin Wallets Resurface, Moving Millions After 15 Years
- Two dormant Bitcoin wallets, inactive for over 15 years, have suddenly resurfaced and transferred a total of 100 BTC, worth over $6.24 million.
- The resurgence of these long-dormant wallets raises questions about the motivations behind the transactions and their potential impact on the market.
- Institutional investors, such as BlackRock and Fidelity, are increasingly showing interest in Bitcoin ETFs, indicating growing acceptance of the cryptocurrency in traditional finance.
- The growing institutional participation contributes to Bitcoin's maturing status as a mainstream asset and its increasing stability compared to previous years.
Read Full Article
11 Likes
Stackexchange
1M
141
Image Credit: Stackexchange
What happens if additional BTC is sent to a source address after setting a specific transaction output?
- If additional BTC is sent to a source address after setting a specific transaction output, the outcome depends on the wallet's behavior.
- In some cases, the additional BTC sent to the source address may be included as part of the transaction and sent to the intended destination address.
- In other cases, the wallet may consider the additional BTC as a fee and deduct it from the total amount being sent.
- Alternatively, the wallet may reject the transaction if it detects a discrepancy between the intended transaction output and the actual balance in the source address, considering it as an error.
Read Full Article
8 Likes
Coinpedia
1M
41
Image Credit: Coinpedia
Kamala Harris or Donald Trump? Gary Gensler In or Out? Bitcoin Headed to $80K or $40K: Key Presidency Impacts Explained
- Kamala Harris, if elected, could result in stricter regulatory policies for the crypto industry, potentially hindering institutional adoption.
- A Trump presidency would likely favor the crypto ecosystem with pro-crypto and deregulation policies.
- Despite the impact of the presidency, analysts agree that Bitcoin is poised for growth.
- If Trump wins, Bitcoin could surge to $80,000-$90,000, while a Harris win may see it testing $30,000-$40,000 in the short term.
Read Full Article
2 Likes
Tokenhell
1M
398
Price Analysis September 22nd, 2024 – BTC, BNB, ETH, SOL, DOGE, and XRP
- Bitcoin crossed $64k on September 20th, but the buyers couldn’t sustain it at higher prices.
- Analyst suggests that if BTC maintains strong support at $62,000, it could surge higher.
- Increased inflows into Bitcoin spot ETFs indicate positive sentiment among institutional investors.
- Ethereum, BNB, Solana, XRP, and Dogecoin also analyzed for their price movements.
Read Full Article
23 Likes
For uninterrupted reading, download the app