Bitcoin

  • Bitcoin

    As Bitcoin dips below key support level, this group makes major moves

    Bitcoin remained in the $64,000 price range. Close to 2 million addresses bought BTC in this price range. Bitcoin [BTC] has recently fallen below a key support level that had held for several weeks. Although it has broken past this support line, there is another, less visible support level. If BTC drops below this unseen threshold, it could trigger a…

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    6 days of Bitcoin ETF outflows – Where do BlackRock, Fidelity stand?

    Bitcoin ETFs faced outflows, but BlackRock’s IBTC remained stable and increased holdings Analyst Thomas believes Bitcoin’s current dip is a precursor to a significant bull run. As the crypto-community gears up for the launch of spot Ethereum [ETH] ETFs, interest in spot Bitcoin [BTC] ETFs appears to be waning. Bitcoin ETF flow analysis Data from Farside Investors revealed that Bitcoin…

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    Bitcoin to $60,000 again? Here’s why traders should BTFD if it happens

    Losing the historical support level puts BTC in pole position for another fall. MVRV Long/Short difference revealed that the coin’s price might recover later in the cycle Bitcoin [BTC] has fallen below the Short Term Holder (STH) Realized Price, indicating that the price might drop to $61,000 or below $60,000 in the coming days. According to Glassnode, at press time,…

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    Bitcoin – Should miners now rethink their strategies? Only if…

    Activity on the Bitcoin network seemed to be responsible for a large part of miners’ revenue Overall activity and NFT interest also declined Ever since Bitcoin [BTC] slipped past the $65,000-level, the overall sentiment around the king coin has started to turn negative on the charts. State of the miners One positive trend that has emerged is that transaction fees…

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    Identifying why Bitcoin miner reserves hit $117 billion and what it means

    BTC miners have sent fewer coins to exchanges over the past few weeks According to a CryptoQuant analyst, they may be waiting for the coin’s price to rally to sell at a profit Bitcoin’s [BTC] miner-to-exchange activity has declined over the past few weeks, despite the spike in the amount of coins held in miners’ wallets on the network. This…

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    Blockchain Firm Says Bitcoin Price Might Be Headed For $60,000

    The Bitcoin price performance over the past week failed to bring glory to the crypto market, as the leading cryptocurrency struggled once again. This trend was mirrored across almost all large-cap assets, many of which experienced significant losses. Unfortunately, recent price action data suggests that the Bitcoin price is not safe yet, as there is potential for further downside over…

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    Bitcoin dips below $65K – Why a rebound to $91K could be next

    Bitcoin’s value dropped by more than 4% in the last seven days.  Market indicators continued to remain bearish on BTC.  Bitcoin’s [BTC] performance over the last seven days was underwhelming, as its price dropped below the $65k mark. The price corrections sparked fear among investors. However, the trend might end soon as historical trends hint at a possible market bottom. …

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    Bitcoin price prediction – Is $61,000 BTC’s next target on the charts?

    New and old Bitcoin supply revealed that the coin lacked new investors Long-term holders are selling – Sign of a further price decline According to Axel Adler, an on-chain analyst, Bitcoin [BTC] is yet to hit its highest level of demand. According to him, this may be the case because the demand from new investors has been low, compared to…

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    Winklevoss twins donate $2M in Bitcoin to Trump’s re-election campaign

    Gemini founders donated $1 million each in Bitcoin to Trump’s campaign Trump is pledging to end Biden’s “war on crypto” After making news with its announcement to compensate users affected by the discontinued Gemini Earn program, Gemini is once again the talk of the town.  Winklevoss twins supports Trump The founders of Gemini, Cameron Winklevoss and Tyler Winklevoss, aka the…

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    When Will Bitcoin Finally Rebound from Its Recent Slump?

    Bitcoin’s recovery may depend on the exit of inefficient miners and the stabilization of the hash rate. Willy Woo links current market trends with Bitcoin’s potential rebound post-halving and summer market lulls.  Bitcoin’s [BTC] trajectory in 2024 has been marked by significant volatility, Despite reaching an all-time high of $73,737 earlier in the year, Bitcoin’s value has significantly retreated, currently…

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