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Bitcoin News
Newsbtc
4w
26
Image Credit: Newsbtc
LayerZero Under Intensified Bearish Pressure, Halting Recovery Efforts
- LayerZero (ZRO) is facing intensified bearish pressure, halting its recovery efforts.
- ZRO's upward momentum has stalled, and key support levels are at risk.
- Technical indicators show a shift in market sentiment towards bearishness.
- ZRO's price may drop further towards the $3.5 support level, but a potential rebound is possible if bullish momentum returns.
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Bitcoinist
4w
146
Image Credit: Bitcoinist
Wall Street Giant Morgan Stanley Bets Big On Bitcoin ETF: $272 Million Revealed
- Wall Street giant Morgan Stanley has revealed holdings of $272 million in Bitcoin ETFs.
- This investment accounts for 2% of Morgan Stanley's $1.3 trillion in total assets under management.
- Morgan Stanley's BTC holdings are spread across Blackrock's IBIT, Ark21 Shares, and Grayscale funds.
- The SEC's approval of Bitcoin ETFs has accelerated institutional adoption, with significant inflows into BTC-related funds.
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Crypto-News-Flash
4w
8
Image Credit: Crypto-News-Flash
Craig Wright Seeks £911 Billion from Bitcoin Core Developers, Declares BSV the Real Bitcoin
- Controversial figure Craig Wright has filed a lawsuit against Bitcoin Core developers.
- He argues that the recent upgrade to Bitcoin's protocol deviated from the original design, causing financial harm.
- Wright is seeking more than £911 billion in damages and claims that Bitcoin SV (BSV) is the original Bitcoin.
- Prominent Bitcoin community member Magnus Granath suggests that Wright should use ChatGPT as no reputable law firm wants to represent him.
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Bitcoinist
4w
438
Image Credit: Bitcoinist
Bitcoin Liquidations Hint At Potential Volatility – Is BTC Bull Run At Risk?
- Bitcoin has reached local highs below $69,000, but caution remains as this critical price zone has triggered sharp rejections in the past.
- Rising liquidation levels on major exchanges indicate potential volatility and anticipation of a decisive move in the coming week.
- The market is at a pivotal moment, with Bitcoin and altcoins pushing towards local highs, but concerns arise about a smooth upward climb due to resistance levels.
- Bitcoin's ability to hold ground above key support or break through significant resistance will determine the next major move.
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Bitcoinist
4w
332
Image Credit: Bitcoinist
SEC Approves Spot Bitcoin ETF Options Trading On NYSE, Cboe – Details
- The SEC has approved spot Bitcoin ETF options trading on the NYSE and Cboe.
- NYSE has been allowed to provide options trading for GBTC, BTC, and BITB.
- Cboe has been greenlighted to list options on FBTC and ARKB.
- Options trading brings new trading strategies and potential leverage for investors in spot Bitcoin ETFs.
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Bitcoinist
4w
177
Image Credit: Bitcoinist
Bitcoin Price Rally Due To Trump’s Increased Election Odds, Blockchain Firm Claims
- The Bitcoin price has been on the rise along with the increased odds of Donald Trump winning the US presidential elections in November.
- Trump has been a vocal supporter of the crypto industry and has promised to facilitate the integration and adoption of cryptocurrencies.
- The likelihood of Trump winning the elections is linked to the recent rally experienced by the Bitcoin price and general crypto market.
- Bitcoin dominance has reached its highest level since early 2021, surpassing 65%.
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Coinpedia
4w
390
Image Credit: Coinpedia
Bitcoin Price Prediction: Can Bulls Cross $68K While Avoiding a Retreat to $66K?
- Bitcoin is showing strong bullish signals on larger time frames.
- Short-term price action may still experience fluctuations.
- Bitcoin faces resistance around $68,000 and support at $66,000.
- Bitcoin spot ETFs experienced substantial inflows, indicating institutional accumulation.
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Insider
4w
350
Image Credit: Insider
The under-the-radar bull case for bitcoin that's got nothing to do with the election or the Fed
- The price of Bitcoin could rise as more tokens get 'burned' after being lost.
- Lost Bitcoin reduces the available supply, either due to investor death or being locked out of wallets.
- Proper estate planning is crucial for Bitcoin investors to prevent loss of the cryptocurrency.
- Lost Bitcoin decreases supply, potentially leading to higher prices for the cryptocurrency.
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Coinpedia
4w
434
Image Credit: Coinpedia
Bitcoin Price Analysis: Key Levels to Watch for the Breakout This Week
- Bitcoin's price is hovering above $68,000, and various technical indicators suggest a bullish trend.
- Whale activity, ETF inflows, and the upcoming election are expected to positively impact Bitcoin's price.
- While Bitcoin is currently facing resistance, there is a strong potential for a significant upward rally in the near future.
- Key technical indicators, chart patterns, price action, whale activity, and Bitcoin ETF inflows all suggest a potential upward rally.
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26 Likes
Crypto-News-Flash
4w
372
Image Credit: Crypto-News-Flash
SEC Approves Major Bitcoin ETFs on NYSE and Cboe for Spot Trading
- The SEC has approved the listing and trading of multiple spot Bitcoin ETFs on major exchanges like NYSE and Cboe.
- These ETFs enable direct Bitcoin exposure, boosting market liquidity and offering new options for managing volatility.
- Reputable financial giants such as Fidelity, ARK Invest, Grayscale, Invesco, and Valhalla are leading the charge with SEC-approved Bitcoin ETFs.
- The approval signifies the growing acceptance of Bitcoin in traditional finance and paves the way for regulated marketplaces for cryptocurrencies.
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TheNewsCrypto
4w
350
Image Credit: TheNewsCrypto
Bitcoin Dominance Climbs to 58% as ETF Inflows Continue
- Bitcoin dominance surges to 58%, reaching a multi-year high.
- SEC's approval of Bitcoin ETF options boosts institutional inflows and liquidity.
- Bitcoin rallies by 10.48% to approach $70,000 mark.
- Analysts anticipate recovery in layer 1 (L1) coins, Ethereum viewed as overdue for a strong recovery.
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Bitcoinsensus
4w
363
Image Credit: Bitcoinsensus
Ripple Unveils RLUSD Stablecoin for Business Use
- Ripple has launched RLUSD, a stablecoin designed for enterprise use and pegged to the U.S. dollar.
- RLUSD will be available on major exchanges such as Bitstamp, Bitso, and Bullish.
- The stablecoin emphasizes regulatory compliance and financial security.
- Ripple aims for RLUSD to become the gold standard for corporate stablecoins.
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Coinpedia
4w
57
Image Credit: Coinpedia
V3V Ventures ays $1.25M for Telegram username @trade: a strategic investment in the future of digital media
- V3V Ventures acquires the Telegram username @trade for $1.25 million.
- The purchase positions V3V Ventures as a key player in Telegram's ecosystem.
- Owning @trade gives V3V Ventures a strategic advantage in the trading and financial markets sectors.
- V3V Ventures actively develops premium channels into content hubs to attract organic audiences.
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Bitcoinist
4w
274
Image Credit: Bitcoinist
Crypto Influence On 2024 US Presidential Election Bigger Than Expected, Survey Finds
- A recent survey by The Digital Chamber reveals that the influence of cryptocurrencies on the 2024 US presidential election is larger than anticipated.
- Approximately 16% of respondents consider digital assets to be crucial in determining their vote, with 25% of Democrats and 21% of Republicans preferring a pro-crypto candidate.
- Among demographic groups, 40% of Black voters see digital assets as important in deciding their vote, compared to 13% of white voters and 22% of Asian voters.
- The survey also indicates that voters want smart and balanced regulation that protects consumers without stifling innovation.
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Medium
4w
164
The Crypto Money Flow: From Bitcoin to Micro Caps!
- Large Caps: Once Bitcoin has gained momentum and begins stabilizing or showing signs of slower growth, some investors start reallocating profits from BTC into large-cap altcoins (e.g., Ethereum, BNB, Solana).
- Mid Caps: After large caps have made significant gains, attention turns to mid-cap cryptocurrencies. These assets generally offer higher risk and potentially higher reward than large caps, and the capital flowing into them often drives notable price increases as investors chase higher returns.
- Low Caps: As the market becomes more speculative and capital trickles down, investors seek out low-cap cryptocurrencies. These smaller, lesser-known projects can experience substantial gains because their market caps are smaller, so even relatively modest investments can drive their prices up significantly.
- Micro Caps: Finally, towards the peak of the cycle, money flows into micro-cap projects, which are the riskiest and most volatile. Investors who buy into these projects are typically looking for exponential gains, but these projects often have low liquidity and high volatility, meaning the risk of losses is also much higher.
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