Category Archives: Bitcoin News

Bitcoin, XRP See Declining Whale Activity: What It Means

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On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in… Continue reading Bitcoin, XRP See Declining Whale Activity: What It Means→

Bitcoin Price Prediction: VanEck Envisions $2.9 Million BTC By 2050

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Amid ongoing volatility for the Bitcoin price, which has struggled to reclaim its all-time high of $73,700, bullish predictions continue to emerge for the leading cryptocurrency. The latest forecast comes from VanEck, asset manager and Bitcoin ETF issuer with over $100 billion in assets under management. Bitcoin Price Projection In a recent update, VanEck projected… Continue reading Bitcoin Price Prediction: VanEck Envisions $2.9 Million BTC By 2050→

Bitcoin Eyes $68,000 In September: Could This Be The Turning Point?

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Bitcoin, after experiencing a blood bath last Month, several analysts have re-analyzed its price action to see what this new month of September might hold for the Bitcoin Market. Amongst them, a renowned crypto analyst known as Mags on X has recently shared an insightful perspective on Bitcoin’s current market behavior in one of his… Continue reading Bitcoin Eyes $68,000 In September: Could This Be The Turning Point?→

Bitcoin Needs To Break $70,000 For The Uptrend To Continue, Here’s Why

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Bitcoin traders are upbeat, expecting prices to shake off recent weakness and soar above the local resistances to as high as $73,800. Even so, before the coin breaks above these liquidation regions, buyers must have conviction. Moreover, the leg up must be sustained by a fresh influx of new capital, ideally from investors fearing they… Continue reading Bitcoin Needs To Break $70,000 For The Uptrend To Continue, Here’s Why→

‘Paper’ Bitcoin On The Decline: What It Means For BTC

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Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new Paper BTC. The former of these is simply the actual tokens that the exchanges are holding on behalf of… Continue reading ‘Paper’ Bitcoin On The Decline: What It Means For BTC→

Bitcoin Ends August Down 8%: What To Expect From Historically Bearish September

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The Bitcoin (BTC) price performance in August resulted in losses of 8.6% for the largest cryptocurrency, exacerbating the bearish sentiment in the market since reaching all-time highs of $73,7000 in March of this year. Since then, BTC has been unable to consolidate above key levels.  However, this may not be the end of the bearish… Continue reading Bitcoin Ends August Down 8%: What To Expect From Historically Bearish September→

Bitcoin At Risk Of Continued Selling Pressure Amid Market Volatility, Here’s Why

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As September, often seen as a negative month for Bitcoin, kicks off, a crypto expert has pointed out that the digital asset is at risk of experiencing extended selling pressure amid recent market volatility and uncertainty. Recent data suggests that negative sentiment is growing, as more investors may want to sell their BTC in response… Continue reading Bitcoin At Risk Of Continued Selling Pressure Amid Market Volatility, Here’s Why→

How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In

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As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in… Continue reading How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In→

Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low

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On-chain data shows the Bitcoin supply sitting on exchanges has reached a new low for the year as investors continue to withdraw their coins. Bitcoin Exchange Reserve Has Been Riding A Downtrend Recently As explained by an analyst in a CryptoQuant Quicktake Exchange Reserve” here refers to an indicator that keeps track of the total… Continue reading Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low→

Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why

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Bitcoin (BTC), after briefly reclaiming the $61,000 price mark yesterday has now fallen below it continuing its bearishness as of today. Amid this negative price action, the asset’s hash price, a key metric reflecting miners’ profitability, has reached historically low levels. According to a recent analysis by Woominkyu, a CryptoQuant analyst, this significant drop in… Continue reading Analysts Say Now Is the Time to Re-Accumulate Bitcoin—Here’s Why→