Category Archives: Bitcoin News

Behind Bitcoin’s Surge Above $64,000: Here Are The Key Drivers of the Current Rally

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Bitcoin price has rallied above the $64,000 mark. Glassnode, a market intelligence platform, has price movement to a significant easing of sell-side pressure, particularly from the German government. Exhaustion of Sell-Side Pressure According to the on-chain data provided by Glassnode, the recent uptick in Bitcoin’s price is largely due to what they describe as the… Continue reading Behind Bitcoin’s Surge Above $64,000: Here Are The Key Drivers of the Current Rally→

Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze

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Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 level last week to trading as high as above $66,000 in the early hours of Wednesday before now retracing to a current trading price of $64,433. This bullish price performance has been the… Continue reading Watch Out Bears: Bitcoin’s Rally To This Mark Could Trigger $19 Billion Short Squeeze→

Silicon Valley Using Trump For A Bitcoin Pump Play? Mark Cuban Weighs In

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As the 2024 presidential race heats up, a new debate has emerged regarding Silicon Valley’s recent support for former President Donald Trump’s comeback bid for the White House. According to billionaire investor Mark Cuban, this support may have less to do with Trump’s pro-crypto regulatory stance and more with a calculated play to “pump” the… Continue reading Silicon Valley Using Trump For A Bitcoin Pump Play? Mark Cuban Weighs In→

Bitcoin Bullish Signal: NVT Golden Cross Suggests BTC Oversold

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On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross is currently at a level that could suggest BTC to be underpriced. Bitcoin NVT Golden Cross Has Been Inside Oversold Region Recently As explained by an analyst in a CryptoQuant Quicktake NVT ratio” is an indicator that keeps track of the ratio between… Continue reading Bitcoin Bullish Signal: NVT Golden Cross Suggests BTC Oversold→

Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?

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Following Bitcoin’s gradual rebound seen last week, the global crypto investment products also appear to have witnessed a notable influx of funds, with a substantial $1.44 billion pouring in over the same period. According to CoinShares, a leading crypto asset management firm, this surge has pushed the year-to-date total to top roughly $17.8 billion, highlighting… Continue reading Bitcoin Dominates as Crypto Funds Attract $1.44 Billion in Fresh Capital, Rally To Begin?→

Bitcoin Hasn’t Reached Bull Cycle Top Yet, Quant Explains Why

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According to the trend in an on-chain indicator, an analyst has explained how Bitcoin may still need to reach the top of the current bull cycle. Bitcoin aSOPR Hasn’t Yet Reached Levels Associated With Past Cycle Tops As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR)… Continue reading Bitcoin Hasn’t Reached Bull Cycle Top Yet, Quant Explains Why→

Bitcoin Bears Crushed: $100M In Crypto Shorts See Flush As BTC Breaks $63,000

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Data shows the cryptocurrency derivatives market has registered significant liquidations after the Bitcoin rally above the $63,000 mark. Bitcoin Rally Has Resulted In Short Liquidations On Derivatives Market According to data from Liquidation” here naturally refers to the process that any open contract undergoes where its platform forcibly closes it off after it has amassed… Continue reading Bitcoin Bears Crushed: $100M In Crypto Shorts See Flush As BTC Breaks $63,000→

Is Altcoin Season Around the Corner? Bitcoin Halving Points to Potential Boom, Analyst Reveals

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Although Bitcoin recent price plunge has sent several Altcoins on a free fall, with declines ranging from 30% to 70%, there appears to be a beacon of hope set to shine through the murk. The recent Bitcoin Halving in April is what the altcoin market needs to recover and surge beyond its highest levels. Bitcoin… Continue reading Is Altcoin Season Around the Corner? Bitcoin Halving Points to Potential Boom, Analyst Reveals→

Total Depletion Of German Bitcoin Reserves: Wallet Left With Zero BTC

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In what is being hailed as a significant victory for the Bitcoin market, the German government has officially depleted its Bitcoin reserves after holding 50,000 BTC in its wallet just months ago. Bitcoin Wallet Now Empty After Massive Selling Spree Data from market intelligence firm Arkham shows that the German government recently transferred the remainder… Continue reading Total Depletion Of German Bitcoin Reserves: Wallet Left With Zero BTC→

Bitcoin Price Trajectory Remains Bearish, $49,000 Liquidity Zone Looms As Next Downside Target

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The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels.  In a recent post on social media platform X (formerly Twitter), market expert Jackis… Continue reading Bitcoin Price Trajectory Remains Bearish, $49,000 Liquidity Zone Looms As Next Downside Target→