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Bitcoin News
Zycrypto
2w
65
Image Credit: Zycrypto
GameStop Can Now Splurge $1.5 Billion On Bitcoin After Closing Convertible Note Offering Sale
- GameStop has successfully raised $1.5 billion in a private offering of convertible notes.
- The net proceeds of $1.48 billion will be used to acquire Bitcoin in accordance with the company's Investment Policy.
- GameStop's move to invest in Bitcoin follows Strategy, the Nasdaq-listed company holding over 528,000 BTC.
- The decision to embrace Bitcoin may help GameStop improve its core business and financial position.
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3 Likes
Coindoo
2w
204
Image Credit: Coindoo
Russia Wants to Sell Seized Bitcoin But Faces Challenges
- Russia is working on creating legal frameworks for handling confiscated digital assets.
- The government is facing challenges in legally selling the seized Bitcoin.
- The authorities are collaborating with other entities to develop a process for converting seized crypto into revenue.
- Russia has no intention of adding cryptocurrency to its national reserves due to concerns about its volatile nature.
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12 Likes
Bitcoinist
2w
310
Image Credit: Bitcoinist
Bitcoin Hashrate Sets New Record—Do Miners Think Bottom Is In?
- Bitcoin hashrate sets a new all-time high (ATH), indicating miner optimism about the future of BTC.
- The hashrate measures the total computing power connected to the Bitcoin network for mining.
- When the hashrate increases, it suggests new miners joining or existing miners expanding their facilities, indicating a profitable venture.
- Despite the bearish cryptocurrency market, miners are investing in expansion, expecting a bullish outcome in the long term.
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18 Likes
Newsbtc
2w
400
Is The Bitcoin Bull Run Over? Watch This Key Price
- Bitcoin price is down over 22% from its all-time high and displaying lower highs on the daily timeframe.
- Analysts are looking at key factors to determine whether there will be an extended rally or a deeper downturn.
- One analyst emphasizes the importance of Bitcoin reclaiming and holding the $95,000 price point as a bullish signal.
- Another analyst points out several bearish signals for Bitcoin and the S&P 500, cautioning about market-wide euphoria.
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24 Likes
Coin Telegraph
2w
369
Image Credit: Coin Telegraph
Trader uncovers signs XRP price may have bottomed — Is a rally to $3.80 next?
- XRP price may have found a local bottom at $2.02
- Bullish divergences seen in XRP's RSI across multiple timeframes
- Resistance level to watch is $2.25; breaching it would indicate bullish breakout
- Some analysts project XRP targets of $2.70 and $3.70 in the short term
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22 Likes
Coin Telegraph
2w
195
Image Credit: Coin Telegraph
VanEck eyes BNB ETF with latest Delaware trust filing
- Investment company VanEck has filed for a Delaware trust company to launch a potential exchange-traded fund (ETF) tracking the Binance-linked BNB cryptocurrency.
- VanEck registered the entity VanEck BNB ETF in Delaware, which could signal the introduction of a BNB ETF in the United States.
- While VanEck is the first to pursue a BNB ETF in the US, similar products have been trading in Europe for some time.
- VanEck's filing is part of a surge in altcoin ETF filings following the inauguration of Donald Trump in January.
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11 Likes
TheNewsCrypto
2w
208
Image Credit: TheNewsCrypto
Metaplanet Expands Bitcoin Holding with $13M Purchase, Holds 4,206 BTC
- Metaplanet, also known as "Asia's MicroStrategy," has acquired 160 BTC for $13.3 million, increasing its total holdings to 4,206 bitcoins.
- With $356.2 million worth of BTC, Metaplanet has become Asia's largest and the 9th-largest corporate holder of Bitcoin.
- Metaplanet aims to expand its Bitcoin holdings to 10,000 bitcoins by 2025 and plans to promote Bitcoin adoption in Japan and worldwide.
- With this latest purchase, Metaplanet has entered the top 10 publicly traded corporate holders of Bitcoin, currently ranking 9th and being the largest in Asia.
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12 Likes
Coindoo
2w
295
Image Credit: Coindoo
Did Bitcoin Top Yet? Declining Interest Signals Crypto Euphoria May Be Delayed
- The decline in Google search interest and Wikipedia searches related to cryptocurrencies suggests a drop in curiosity from the general public.
- Engagement in crypto discussions on platforms like Reddit is weaker compared to the 2021 crypto frenzy.
- 4Chan, once a central hub for crypto-related chatter, has seen a decline in activity, indicating reduced excitement in the space.
- Alphractal suggests that the anticipated market euphoria may still be on its way, with potential for a rally to ignite interest in 2025.
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17 Likes
TronWeekly
2w
40
Image Credit: TronWeekly
BlackRock’s Larry Fink Sounds Inflation Alarm: Why Bitcoin Is Their Escape Plan
- BlackRock CEO, Larry Fink, warns that the US dollar could lose reserve status to Bitcoin if national debt remains unchecked.
- Fink's comments reflect mainstream finance's increased acceptance of Bitcoin as a legitimate store of value.
- The financial industry debates whether Bitcoin adoption represents an expanding 'Overton Window' for digital assets.
- Fink also predicts the tokenization of securities as the next evolution for securities markets, bringing more efficiency and transparency.
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2 Likes
Bitcoinik
2w
252
Image Credit: Bitcoinik
Bitcoin Technical Analysis—Will It Break $85,500 Resistance?
- Bitcoin price started a revival surge, surpassing the $83,500 zone and stabilizing above $83,000 and the 100-hourly simple moving average. A connecting bullish trend line is forming with support at $84,500 on the BTC/USD hourly chart.
- The price is pushing above resistance levels, reaching as high as $85,487, and currently securing gains above the 23.6% Fib retracement level. The next key resistance levels are $85,500 and $85,850, with the potential to test further levels at $86,650, $88,000, or even $88,500.
- However, if Bitcoin fails to pass the $85,500 resistance, a new decline is expected. The immediate support levels are at $84,500 and $83,500, while major support rests at $82,000 and $80,500.
- The hourly RSI for BTC/USD is currently above the 50 level, indicating a positive trend. The hourly MACD is losing pace in the bullish zone.
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Coin Telegraph
2w
204
Image Credit: Coin Telegraph
Bitcoin can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes
- Bitcoin may rise to over $250,000 by the end of 2025, driven by increasing fiat supply.
- The US Federal Reserve shifting to quantitative easing (QE) could boost Bitcoin's 2025 price rally.
- Co-founder of BitMEX, Arthur Hayes, predicts Bitcoin to reach $250,000 by year-end based on the Fed's potential QE.
- Analysts estimate Bitcoin's price could surpass $132,000 by 2025 due to growing money supply.
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12 Likes
Zebpay
2w
126
Image Credit: Zebpay
Bitcoin Price Prediction
- Bitcoin (BTC) is currently trading at $85,240.82 with a market capitalization of around $1.69 trillion, experiencing a significant resurgence from its 2022 lows.
- Price and technical analysis play a crucial role in forecasting future trends in Bitcoin trading, guiding traders in making informed decisions.
- BTC's 24-hour trading volume is $28.25 billion, with a circulating supply of 19.84 million coins and a 14-day relative strength index (1 day) of 49.
- Bitcoin's historical price movement showcases significant growth since its inception, with experts emphasizing the importance of assessing logarithmic charts.
- Factors influencing Bitcoin's value include market demand, adoption rates, regulations, technological developments, market sentiment, global economic events, whale activity, market liquidity, and competition.
- Bitcoin price predictions suggest potential prices exceeding $135,000 by 2025, $150,000 by 2026, and reaching as high as $340,000 by 2030 if macroeconomic conditions remain stable.
- Investing in Bitcoin depends on individual goals and risk tolerance, with recent institutional adoption and positive market indicators supporting its long-term viability as a preferred investment option.
- Bitcoin price forecasting considers technical and fundamental factors, global macroeconomic conditions, and market analysis, emphasizing the need for thorough research before investment decisions.
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7 Likes
Bitcoinsensus
2w
134
Image Credit: Bitcoinsensus
XRP Price Prediction: Bullish Reversal or Another Drop?
- XRP has left liquidity on both sides, indicating a potential strong move soon.
- XRP is currently respecting a key trendline, but a break could trigger a momentum shift.
- If price sweeps M30 liquidity and shows structure shifts on lower timeframes, a buying opportunity may emerge.
- Markets move unpredictably, but recognizing liquidity zones and structural shifts can help traders make informed decisions.
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8 Likes
Bitcoinsensus
2w
313
Image Credit: Bitcoinsensus
From Memecoins to Utility Coins: Choosing the Right Crypto Presale
- Token presales offer early investors exclusive access to tokens before public launch, potentially yielding significant returns.
- Crypto presales boost projects financially, providing resources for development, marketing, and operational costs.
- Benefits of participating in presales include discounted token prices, early access to promising projects, and bonus offers.
- Risks of crypto presales include project failures, scams, market volatility, and lack of liquidity for tokens.
- Thorough research is essential before investing in presales to assess project legitimacy and potential.
- Memecoins, like Dogecoin and Shiba Inu, have seen rapid rises but also face challenges in maintaining relevance.
- Investors must evaluate community engagement, tokenomics, utility expansion, and market saturation before investing in memecoins.
- Meme coin investments require diligent research due to risks like pump-and-dump schemes, liquidity issues, and market saturation.
- Utility coins are emerging as top contenders in the crypto space, focusing on practical use cases and long-term growth.
- Investors are attracted to utility coins for features like AI integration, staking incentives, and sophisticated tokenomics models.
- Factors to consider in backing a crypto presale include tokenomics, team credibility, roadmap clarity, community engagement, and market sentiment.
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18 Likes
Blockonomi
2w
265
Image Credit: Blockonomi
GameStop Secures $1.5 Billion Debt Offering, Eyes Bitcoin Investment
- GameStop, the video game retailer known for the meme stock phenomenon, has secured a $1.5 billion private offering of convertible senior notes.
- The firm plans to allocate a portion of the proceeds for the acquisition of Bitcoin.
- The notes, which carry a 0.00% interest rate and mature in 2030, allow holders to convert their debt into GameStop's Class A common stock under certain conditions.
- GameStop's stock price dropped over 20% after the Bitcoin investment announcement, as investors express concerns about its impact on the struggling retail business.
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15 Likes
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