Tag Archives: bitcoin price

Bitcoin Price Signals Bearish Continuation, Why BTC Could Drop Below $60K

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Bitcoin price started a fresh decline from the $62,000 resistance zone. BTC is declining and remains at a risk of more losses below the $60,000 level. Bitcoin started a fresh decline after it failed near $62,000. The price is trading below $61,000 and the 100 hourly Simple moving average. There was a break below a… Continue reading Bitcoin Price Signals Bearish Continuation, Why BTC Could Drop Below $60K→

Bitcoin On-Chain Activity Nearing Historic Lows – What This Means For BTC Price

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The price of Bitcoin has continued to move within a consolidation range since hitting a new all-time high in mid-March. This sluggish price action has been a source of worry to most investors, especially when the premier cryptocurrency recently lost its support at the $60,000 level. Interestingly, price is not the only Bitcoin metric that… Continue reading Bitcoin On-Chain Activity Nearing Historic Lows – What This Means For BTC Price→

US Mega Banks JP Morgan And Wells Fargo Unveil Bitcoin Exposure As BTC Drops To $60,000

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BTC’s price dipping slightly above $60,000.  US Financial Banks Expose Spot Bitcoin ETF Holdings American financial services companies, Wells Fargo and JP Morgan, have revealed their exposure to BTC by disclosing their adoption of Spot Bitcoin ETFs in a recent filing. This decision to invest in BTC ETFs marks a notable change from the banks’… Continue reading US Mega Banks JP Morgan And Wells Fargo Unveil Bitcoin Exposure As BTC Drops To $60,000→

Ex-Twitter CEO Jack Dorsey Says Bitcoin Will Reach $1 Million, Here’s When

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Jack Dorsey, the former CEO of X (formerly Twitter) has predicted when Bitcoin will reach $1 million. The tech entrepreneur is a familiar figure in the crypto space and is known to be heavily invested in the flagship crypto.  When Bitcoin Will Hit $1 Million In an interview with Pirate Wires, Dorsey mentioned that BTC… Continue reading Ex-Twitter CEO Jack Dorsey Says Bitcoin Will Reach $1 Million, Here’s When→

Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here’s Why

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Bitcoin might have posted the deepest correction since the FTX crash in November 2022, dipping over 20% from its all-time high of around $74,000. However, Glassnode analysts, while sharing their preview on X, remain cautiously optimistic.  Bitcoin Drops 20% From March High, But Glassnode Is Bullish Glassnode notes that the Bitcoin “macro uptrend still appears to be… Continue reading Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here’s Why→

Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price

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Crypto analyst Onchained recently provided valuable insights into an the future trajectory of Bitcoin. The analyst suggested there was no cause to worry at the moment but highlighted what to watch out for to know the right time to exit the market.  Bitcoin Short-Term Holders NUPL Turns Negative In a blog short-term holders recently turned… Continue reading Bitcoin Short Term NUPL Value Turns Negative, What This Means For Price→

Donald Trump Could Be Bitcoin’s Biggest Price Booster: Experts

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Former President Donald Trump recently voiced strong support for Bitcoin and cryptocurrencies, notably diverging from his previously skeptical stance. This significant pivot, prominently featured in a recent video circulating among crypto enthusiasts and investors, has spurred speculation about the potential implications for Bitcoin and other digital currencies as the US election approaches this November. How… Continue reading Donald Trump Could Be Bitcoin’s Biggest Price Booster: Experts→

Bitcoin Price Is Showing Early Signs of Recovery But 100 SMA Is The Key

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Bitcoin price found support near the $60,600 zone. BTC is recovering but the bears might remain active near the $63,200 resistance zone. Bitcoin tested the $60,60 support zone and started a recovery wave. The price is trading near $63,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend… Continue reading Bitcoin Price Is Showing Early Signs of Recovery But 100 SMA Is The Key→

Grayscale Battling Outflows And Lower-Cost ETFs, Q1 Revenue Stays Flat At $156M

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Grayscale Investments, the issuer of one of the recently approved spot Bitcoin exchange-traded funds (ETFs) in the US, saw flat revenues in the first quarter of the year due to its decision to maintain fees on its flagship Grayscale Bitcoin Trust ETF (GBTC).  Grayscale Exceeds Expectations Despite Outflows According to a shareholder letter from its… Continue reading Grayscale Battling Outflows And Lower-Cost ETFs, Q1 Revenue Stays Flat At $156M→

Pantera Capital Predicts Bitcoin Price Surge To $117,000: Insight Into The Timing And Factors

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The Bitcoin price has experienced heightened volatility over the past week. After recovering from a low of $56,500, the largest cryptocurrency in the market surged to $65,500 within four days. However, it has since retraced some of its gains and is currently testing the $61,000 support level.  Despite this volatility and the absence of strong… Continue reading Pantera Capital Predicts Bitcoin Price Surge To $117,000: Insight Into The Timing And Factors→