Bitcoin News Thebittimes.Com

Bitcoin (BTC) surprised investors after dropping to as low as $65,000 in the last 24 hours amid the ongoing short-term market sell-off. The sudden price drop has seen Bitcoin encounter significant resistance at $68,000, barely a week before the halving event. In line with this development, crypto trading analyst Rekt Capital , in an X (formerly Twitter) post on April 12, identified three stages revolving around the halving event that can help investors capitalize for maximum profits. Final pre-halving retrace According to the analyst, this first level has already occurred, characterized by a downturn in Bitcoin’s price as investors adjust their positions ahead of the halving event. The analyst pointed out that the retracement amounted to a mere 18%, starkly contrasting previous retracements observed in 2016 and 2020.  Picks for you Price of freedom? Bitcoin users pay a world's average working day in fees 2 hours ago 3 cryptocurrencies to watch fo...

The US government has issued a notice on the sale of over $130 million in BTC linked to Silk Road. Court documents indicate this includes 2,874 BTC seized from drug trafficker Ryan Farace and 58 BTC from convicted law enforcement agent Sean Bridges. BTC price remained near $40k, but market is watching Ethereum, Solana. Crypto news today is dominated by the US government’s notice about its plans to sell over $3,200 Bitcoon (BTC) worth more than $130 million. Documents show that these bitcoins are part of the forfeitures related to the infamous darknet marketplace Silk Road. While the news has had no major impact on BTC price as of writing, the market is abuzz with what the outlook for the top crypto by market cap could mean for altcoins . Elsewhere, the potential resurgence in meme coins has traders eyeing the next gem. Could Memeinator (MMTR) be one of the tokens to watch ? US government to sell BTC worth $130 million On Thursday, January 25, the Un...