Bitcoin – Page 36 – BitcoTasks BLOG

Bitcoin Holds Ground At $65,700 Amid Unchanged Fed Rates, Anticipating September Moves

August 1, 2024

In the wake of the highly anticipated address by Federal Reserve Chair Jerome Powell, Bitcoin (BTC) maintained a steady course on Wednesday as the Fed opted to keep interest rates unchanged at 5.25%-5.50%. Crypto Market Awaits Fed’s Next Move Powell, speaking at a press conference in Washington DC, hinted at the possibility of rate reductions…

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Is Bitcoin Poised for a September Price Surge? What Traders Need to Know

August 1, 2024

Bitcoin News

As summer is currently fast approaching, several crypto traders and analysts have cranked up their optimism for Bitcoin price trajectory. Among them is well-known crypto analyst, Rekt Capital, who has recently analyzing recent trends and historical data. What the Bullish September Sentiment Is Based On Rekt Capital pointed out that despite Bitcoin’s failure to break…

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Hedge Fund Manager Says Bitcoin Price Will Reach $428,000 If This Happens

August 1, 2024

Bitcoin

Hedge fund manager James Lavish has predicted that Bitcoin could rise to $428,000 at some point. He also mentioned what needs to happen for the flagship crypto to reach such an ambitious price target. How Bitcoin Could Rise To $428,000 Lavish mentioned in an X (formerly Twitter) Bitcoin would rise to $428,000 when it becomes…

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Elliot Wave Theory Suggests Bitcoin Price will Crash Below $40,000

July 31, 2024

Bitcoin

The Elliot Wave theory has become very popular among Bitcoin analysts, given its effectiveness in helping to estimate where the cryptocurrency’s price is headed next. Using this same theory, pseudonymous crypto analyst XForceGlobal has estimated what could happen next for the Bitcoin price. Elliot Wave Theory Points To A Recovery In the analysis Elliot Wave…

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Crypto Watch: Why Today’s FOMC Meeting Is The ‘Most Important Of Your Life’

July 31, 2024

Cryptocurrency Market News

For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the “most important of your life.” In…

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Is A Major Bitcoin Dip Coming? What the Coinbase Index Tells Us

July 31, 2024

Bitcoin News

An analyst from the CryptoQuant QuickTake platform has now grim move brewing for Bitcoin. This indicator, when placed with its Simple Moving Average over 14 days (SMA14), has often shown a significant correlation with Bitcoin’s selling pressure, shedding light on how crucial its impact is on the market. Bull or Bear: What the Coinbase Index…

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Bitcoin Price Eyes Fresh Gains: Can BTC Climb Again?

July 31, 2024

Btc

Bitcoin price extended losses and tested the $65,500 support zone. BTC is now consolidating and might aim for a fresh increase if it clears $66,500. Bitcoin tested the $65,500 level and is attempting a recovery wave. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend…

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Ethereum vs. Bitcoin: Why ETH Could See Larger Fluctuations Soon, QCP Reveals

July 31, 2024

Ethereum

Regardless of both their maturity in the market, Bitcoin and Ethereum rivalry persists. According to recent potential price swings. ETH to see Larger Price Swings than BTC Delving further into the insights shared, QCP Capital disclosed that it has observed Ethereum’s volatility premium over Bitcoin expanding to 8%, up from 4% just last week. This…

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Mt.Gox Creditors Reclaim 59,000 Bitcoin Via Exchanges, More Redistribution Imminent

July 30, 2024

Bitcoin News

After over a decade of suspense, creditors of the defunct Mt. Gox Bitcoin (BTC) exchange have finally begun receiving long-awaited payouts this month. Data from research firm Glassnode shows that as of Tuesday, 59,000 of Mt. Gox’s 142,000 BTC had already been distributed to creditors via the Kraken and Bitstamp exchanges, with another 79,600 BTC to…

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Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data

July 30, 2024

Dogecoin

Data shows social media users are currently not paying much attention to memecoins like Dogecoin (DOGE) as compared to Bitcoin (BTC) and other top caps. Bitcoin & Other Layer 1 Top Caps Getting All The Investor Focus Right Now According to data from the analytics firmSocial Dominance,” which is based on another metric called the…

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Research Firm Predicts Bitcoin Game Theory In Global Adoption Race

July 30, 2024

Bitcoin

In an analysis released on Monday, ASXN, an emerging crypto research firm, outlines the dynamics of global Bitcoin adoption through the lens of game theory. The report titled “The Game Theory of Bitcoin Adoption Among Nations” provides an examination of how nations can leverage mathematical game theory to strategically adopt Bitcoin. The report follows on…

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