Category Archives: Bitcoin News

Market Tremors: $10 Billion in Bitcoin Dumped in May Alone, What Does This Signal?

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May 2024 emerges as a pivotal month for Bitcoin, witnessing a notable amount of liquidation by long-term holders. Blockchain analytics firm IntoTheBlock highlighted a sell-off totaling roughly $10 billion, equivalent to approximately 160,000 BTC. This trend marked a significant departure from the usual holding patterns seen among long-term investors, who typically help stabilize Bitcoin prices… Continue reading Market Tremors: $10 Billion in Bitcoin Dumped in May Alone, What Does This Signal?→

Will Bitcoin Continue Dumping? This Analyst Thinks So, Here’s Why

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Bitcoin is consolidating, struggling for gains, and looking at price action in the daily chart. Even with the rejection of lower prices, the coin has yet to follow through, decisively reversing losses of June 24. Should Bitcoin Traders Brace For More Losses? In light of this, one analyst on X thinks there could be more… Continue reading Will Bitcoin Continue Dumping? This Analyst Thinks So, Here’s Why→

BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares

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In a recent filing with the US Securities and Exchange Commission (SEC), the BlackRock Global Allocation Fund disclosed its ownership of 43,000 shares of the asset manager’s Bitcoin ETF, iShares Bitcoin Trust, as of April 30.  This announcement follows two previous filings by BlackRock on May 28, which disclosed the fund’s exposure to Bitcoin in… Continue reading BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares→

Bitcoin Bulls Beware: ‘Bears Are Still In Control,’ Says Top Analyst – Here’s Why

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Despite a recent uplift in Bitcoin market price, which saw the crypto momentarily breach the $62,000 mark, the widespread consensus among crypto analysts suggests that this increase is temporary and that the bearish pressure is far from over. Particularly, prominent crypto analyst Willy Woo voiced earlier that the minor surge was primarily a “technical” response… Continue reading Bitcoin Bulls Beware: ‘Bears Are Still In Control,’ Says Top Analyst – Here’s Why→

Retail Losing Interest In Bitcoin? Volume Plunges 30%

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On-chain data shows the Bitcoin transfer volume of retail investors has seen a sharp decline recently, a sign that this group may be losing interest. Bitcoin Volume For Retail-Sized Transactions Has Plunged Recently As explained by CrypoQuant author Axel Adler Jr in a new post on X, the total BTC transfer volume for transactions valued… Continue reading Retail Losing Interest In Bitcoin? Volume Plunges 30%→

Bitcoin Battling Bearish Headwinds: Is The Sell-Off Over?

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Bitcoin is struggling to shake off weakness, judging by its performance in the last few trading days. After the dump on June 24, the overall sentiment has been bearish, and sellers will likely double down, wiping gains posted in the last two days. As things stand, the sale of 4,000 BTC by the United States… Continue reading Bitcoin Battling Bearish Headwinds: Is The Sell-Off Over?→

Bitcoin Near ‘Euphoria’ Boundary: What Happens After A Breach?

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On-chain data shows Bitcoin is trading near a level that has historically acted as the boundary for the ‘euphoria’ phase of the market. Bitcoin Is Not Far From This Long-Term Holder Cost Basis Level According to the latest weekly report from Glassnode, BTC’s recent consolidation has been near the historical boundary between the ‘equilibrium’ and… Continue reading Bitcoin Near ‘Euphoria’ Boundary: What Happens After A Breach?→

Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years — Here’s How

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In a recent surge of online discussion, renowned crypto analyst and entrepreneur Willy Woo has made headlines with his optimistic prediction for Bitcoin’s future on Elon Musk’s social media platform, X. Woo suggests that Bitcoin, already gaining traction among traditional financial circles as an emerging asset class, could see exponential growth. He argued that if… Continue reading Bitcoin To Hit New Heights? Analyst Predicts 10x Growth In Few Years — Here’s How→

Bitcoin In Red, Analyst Predicts A 40% Drop To $48,000 Before Recovery

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Bitcoin is roughly 20% from all-time highs, and risks are trending lower, breaking from the current consolidation. After peaking in mid-March, bulls are yet to build enough momentum and overcome the roadblock at $72,000. Will Bitcoin Fall To $50,000 Or Worse? Analyst Thinks So While there were temporary gains in early June, the retracement in… Continue reading Bitcoin In Red, Analyst Predicts A 40% Drop To $48,000 Before Recovery→

Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst

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Recent trends in the Bitcoin market have shown a significant flushing out of leverage, a process commented on by prominent crypto analyst Willy Woo. While this corrective phase has seen Bitcoin’s price fall to as low as $58,000 yesterday, it has partially rebounded, currently trading around the $61,500 mark. However, the journey could be smoother,… Continue reading Bitcoin’s Correction Is Not Done: $54K Could Be On The Horizon, Says Top Analyst→