Tag Archives: Bitcoin news

3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO

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In a recent commentary shared on X, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, which ranks as the world’s largest provider of cryptocurrency index funds, detailed why investors should consider diversifying their cryptocurrency portfolio by adding Ethereum (ETH), alongside maintaining a position in Bitcoin (BTC). Hougan offered three compelling reasons for investors to… Continue reading 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO→

German Government’s Bitcoin Dump Surpasses $195M As Selling Spree Persists

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The German government has recently begun selling millions of dollars worth of Bitcoin (BTC) from a confiscated wallet, further contributing to the lack of catalysts for a price recovery in the cryptocurrency market.  The move comes as increased selling activity and unprecedented selling by long-term BTC whales have led to a sharp price correction, preventing… Continue reading German Government’s Bitcoin Dump Surpasses $195M As Selling Spree Persists→

Bitcoin Crash Below $66,000 Stuns Market, Why A Drop To $54,930 Is Possible

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The Bitcoin price crash below $66,000 has taken the market by surprise, leading to over $90 million in liquidations in a 24-hour period. But even after dropping so much already, analysts do not believe that the worst is over. In particular, crypto analyst Ali Martinez has said that Bitcoin may still have a ways to… Continue reading Bitcoin Crash Below $66,000 Stuns Market, Why A Drop To $54,930 Is Possible→

Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means

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Recent data from CryptoQuant has highlighted a significant shift in Bitcoin Miners behavior, with miner reserves dropping to their lowest levels since 2010 while over-the-counter (OTC) selling activity has surged to higher levels. What This Means For BTC At the beginning of the year, miner reserves stood at approximately 1.87 million BTC but have yet… Continue reading Bitcoin Miners’ Reserves Deplete Amidst High OTC Selling, What This Means→

MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak

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Bitcoin (BTC), the leading cryptocurrency, has regained momentum, bouncing off a weekly low of $64,000 to find support above $65,000, halting last week’s downtrend. This price recovery may be due to another significant investment round by business intelligence company MicroStrategy, led by Bitcoin bull Michael Saylor.  The company announced on Thursday the acquisition of an… Continue reading MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak→

It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst

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Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud… Continue reading It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst→

IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By

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The market intelligence platform IntoTheBlock has discussed the bearish situation Bitcoin has been facing that has got many puzzled. Bitcoin Adoption Has Slowed Down To Multi-Year Lows Recently Bitcoin had a great first quarter in 2024, fueled by demand from the spot exchange-traded funds (ETFs) and institutional entities. During this run, the asset surpassed the… Continue reading IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By→

Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know

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As summer unfolds, the cryptocurrency market is showing little upward momentum. Particularly, crypto analyst Ansem has recently projected a steady course for Bitcoin (BTC) and Solana (SOL) in the coming months. This forecast is grounded in a detailed analysis shared on Elon Musk’s social platform X, where Ansem highlighted potential trends and key scenarios that could… Continue reading Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know→

Bitcoin Market Alert: German Government Agency Sends $425M Worth Of BTC To Exchanges

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Bitcoin (BTC) recently plunged to a one-month low of $64,000, causing concern among bullish investors who now fear impending selling pressure and a potential retest of lower support levels.  Adding to these concerns, it has come to light that a wallet belonging to the German police has moved $425 million worth of BTC to cryptocurrency… Continue reading Bitcoin Market Alert: German Government Agency Sends $425M Worth Of BTC To Exchanges→

Ikigai Founder Explains Why Bitcoin And Crypto Are ‘On The Verge Of Cannibalism’

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Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem, which he described as following: “Bitcoin is ~10% off of ATHs and the timeline appears to be on the verge of cannibalism.” In a series of detailed posts on X,… Continue reading Ikigai Founder Explains Why Bitcoin And Crypto Are ‘On The Verge Of Cannibalism’→