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Bitcoin News
Crypto-News-Flash
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44
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95% of Bitcoin Addresses Now in Profit, Investors Eye Bullish Momentum
- 95% of Bitcoin addresses are in profit, signaling strong market sentiment but also a potential risk of overextension.
- Institutional adoption continues to grow, with private wealth managers in Asia entering the cryptocurrency market, anticipating future gains.
- Bitcoin reaches a psychological price level of $68,000, generating optimism among investors for further increases.
- Increasing institutional acceptance and positive forecasts contribute to the long-term growth potential of Bitcoin.
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Newsbtc
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328
Image Credit: Newsbtc
Bitcoin Price To $95,000? Here’s What Needs To Happen First
- Bitcoin price surpasses $68,000, with a 12% increase in the past week.
- Crypto analyst predicts Bitcoin may reach $95,000 if USDT.D breaks below the lower boundary of a descending triangle.
- The USDT.D chart tracks the dominance of Tether (USDT) and provides insights into market sentiment.
- A decline in USDT dominance could signal increased investment in riskier assets, potentially leading to a more aggressive upward trajectory for Bitcoin.
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Bitcoinsensus
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426
Image Credit: Bitcoinsensus
Vitalik Buterin Reveals Ethereum’s “The Surge” Roadmap
- Vitalik Buterin introduces “The Surge” to increase Ethereum’s speed to over 100,000 TPS.
- Rollup technology remains central to Ethereum’s scalability, maintaining security and decentralization.
- Following the 2024 Dencun update, “The Surge” aims to tackle remaining challenges for Ethereum’s evolution.
- The Surge roadmap focuses on increasing Ethereum's speed while preserving core principles.
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Cryptoticker
4w
182
Image Credit: Cryptoticker
Bitcoin Price Prediction: BTC Maintains Its Bullish Momentum
- Bitcoin price has been showing impressive strength recently, holding steady above the important $67,000 level.
- The current market sentiment remains bullish, with a Fear & Greed Index reading of 73 (Greed).
- BTC has seen a modest 0.72% price increase, with a 24-hour trading volume of $45.47 billion.
- Bitcoin price has shown resilience, maintaining support above the critical $67,000 pivot zone.
- The technical indicators point to the possibility of Bitcoin breaking through its immediate resistance levels.
- If BTC price can clear the first resistance at $68,000 and the next critical barrier at $68,200, it could trigger a rally.
- Bitcoin's price has seen remarkable growth, increasing by 140% over the past year.
- Given Bitcoin’s current position near its cycle high and its high liquidity based on market cap, the potential for further gains is substantial.
- However, it's worth noting that Bitcoin is currently in overbought territory, which may signal that a short-term pullback is possible.
- If Bitcoin can maintain its bullish momentum and successfully navigate potential dips, it could push beyond current resistance levels and aim for new all-time highs.
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Altcoinbuzz
4w
53
UAE’s New Legal Structure Boosts DAOs
- UAE has introduced a legal framework to boost the operation of DAOs (Decentralized Autonomous Organizations).
- The Ras Al Khaimah Digital Assets Oasis (RAK DAO) is introducing this legal framework to provide legal and governance clarity for DAOs.
- The framework will clarify tax obligations and benefits, protect founders and members from personal liability, enable legally binding contracts, and establish rules for dispute resolution.
- This legal framework is expected to attract more entrepreneurs and developers to the UAE's digital asset market.
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Altcoinbuzz
4w
413
SCB Unveils Thailand’s First Stablecoin Payment System
- SCB has partnered with SCB 10X and Lightnet to launch Thailand's first stablecoin payment system.
- The system aims to make sending and receiving money across borders faster and more efficient.
- It uses stablecoins on a public blockchain to cut through the red tape and eliminate the need for pre-funded accounts.
- The partnership with Fireblocks ensures the security of users' funds during transactions.
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Bitcoinist
4w
22
Image Credit: Bitcoinist
Bitcoin Open Interest Sets New $20 Billion Record, Will This Prevent A Run To ATH?
- The Bitcoin Open Interest has surged to a new all-time high (ATH) of $20 billion, indicating potential volatility.
- The increase in Open Interest suggests that investors are opening fresh positions on the market.
- Higher Open Interest typically leads to sharp volatility and price tops for Bitcoin.
- The rise in the Bitcoin Estimated Leverage Ratio indicates increased risk appetite among investors.
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Altcoinbuzz
4w
328
Fuel Ignition: A Powerful New Ethereum L2 Goes Live
- Fuel Ignition is a new Ethereum L2 launched by Fuel, an optimistic rollup solution.
- Fuel Ignition is verifiable at home, allowing users to handle the execution layer and consensus on consumer hardware.
- The aim of Fuel Ignition is to address the growing centralization concern in the blockchain sector by enabling decentralized node operation.
- It uses the Fuel Virtual machine (FuelVM) and offers parallel transactions, reaching over 21,000 TPS.
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Newsbtc
4w
151
Bitcoin Poised For Minimum 60% Rally As 3 Critical Signs Align
- Bitcoin price is expected to rally by at least 60% based on technical analysis by macroeconomist Henrik Zeberg.
- Zeberg identifies three critical technical indicators - Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Relative Vigor Index (RVGI) - that are aligning for a potential upward price movement.
- Historically, when these indicators have aligned, Bitcoin has experienced significant price rallies of over 60%.
- Zeberg forecasts a potential 'Blow-Off Top' scenario where Bitcoin could reach between $115,000 and $120,000 before a US recession.
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Tokenhell
4w
13
Inflows for Bitcoin ETFs Reach $20 Billion in Just 10 Months
- Spot Bitcoin Exchange-Traded Funds (ETFs) have processed over $20 billion worth of inflows in the last ten months, with BlackRock's Bitcoin ETF iShares receiving the most inflows.
- Investors have been withdrawing significant amounts from Grayscale's Bitcoin ETF, GBTC, after the SEC allowed investors to cash out their gains following its conversion to an ETF.
- However, Grayscale's Bitcoin ETF has started recording net inflows in the past five weeks, with $135 million worth of inflows.
- The surge in inflows for Bitcoin ETFs can be attributed to a conducive regulatory environment and the boost in investors' appetite for risky assets after the Fed cut rates.
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Altcoinbuzz
4w
129
Phantom Adds Token Sharing via WhatsApp and Telegram
- Phantom has introduced a new feature that allows users to share links to token pages via apps like WhatsApp and Telegram.
- Users can now easily share important token information, such as charts and price history, with friends and contacts.
- The new feature simplifies the process of sharing crypto information and saves time compared to screenshots or explaining with words.
- Phantom is also rolling out beta support for Base, providing users with access to exciting new features and easier exploration of DeFi and NFT apps.
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Bitcoinist
4w
119
Image Credit: Bitcoinist
Ireland To Draft Urgent Crypto Laws Ahead Of EU’s Crackdown On Money Laundering
- Ireland is preparing to draft urgent crypto laws ahead of the EU's crackdown on money laundering.
- The legislation aims to align with the EU's Anti-Money Laundering (AML) and counter-terrorism financing (CTF) standards.
- The new regulations will tighten monitoring of large transactions and impose stricter reporting requirements for digital currency exchanges.
- Crypto businesses in Ireland will need to implement enhanced compliance measures and adhere to the €10,000 cash payment limit.
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Newsbtc
4w
177
Analysts On Bitcoin: 2024 US Election Could Steer The Crypto’s Future
- The approaching US presidential elections are being closely watched by analysts, who believe that the outcome could have a significant impact on the future of Bitcoin.
- Former President Donald Trump's support for cryptocurrencies, after previously criticizing them, could potentially raise the value of Bitcoin if he is successful in his efforts to attract crypto supporters.
- Vice President Kamala Harris's willingness to discuss digital currencies and seek crypto votes suggests a more favorable regulatory environment for Bitcoin if she were to win.
- Bitcoin is currently trading around $67,685, and some analysts predict it may soon surpass its all-time high. Institutional investors are showing increasing optimism towards Bitcoin, as evidenced by recent inflows into Bitcoin ETFs.
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Crypto-News-Flash
4w
382
Image Credit: Crypto-News-Flash
Kraken Launches kBTC, Bringing Bitcoin to Ethereum and OP Mainnet
- Kraken has launched kBTC, a cross-network ERC-20 token backed 1:1 by Bitcoin for DeFi use on Ethereum and OP.
- kBTC enables Bitcoin to be compatible with Ethereum and Optimism networks, expanding its use in decentralized finance (DeFi) applications.
- The token is fully backed by 100 BTC, split 80% to Ethereum and 20% to OP Mainnet, ensuring transparency and secure custody.
- Kraken plans to progressively add kBTC to more blockchain systems, increasing its compatibility and utility in the DeFi ecosystem.
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Bitcoinist
4w
222
Image Credit: Bitcoinist
Swing States See Crypto Boom Ahead Of US Election: Will It Sway The Vote?
- A recent report by venture capital firm Andreessen Horowitz revealed a surge in crypto interest in swing states ahead of the US presidential election.
- Pennsylvania and Wisconsin, two key swing states, saw the highest growth in cryptocurrency interest since the 2020 elections.
- Michigan and Arizona, also swing states, experienced an increase in crypto interest, while Arizona saw a slight decline.
- The report suggests that the listing of Bitcoin and Ethereum exchange-traded products contributes to the increased interest in cryptocurrency.
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