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Bitcoin News
TheNewsCrypto
4w
75
Image Credit: TheNewsCrypto
Kraken Launches New Wrapped Bitcoin kBTC as Competition Heats Up
- Kraken has launched Kraken Wrapped Bitcoin (kBTC), an ERC-20 token backed 1:1 by Bitcoin held in Kraken's custody.
- kBTC is compatible with Ethereum and OP Mainnet, allowing access to DApps across multiple blockchains.
- Kraken's kBTC distinguishes itself by offering cross-chain compatibility and being backed by a Special Purpose Depository Institution (SPDI).
- The launch comes amidst increasing competition in the wrapped Bitcoin market, with major players like Coinbase and 21Shares also introducing their own tokens.
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Coinpedia
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199
Image Credit: Coinpedia
Bitcoin Price Prediction: Road Clear for Massive Rally, Next Target Above $70K
- Bitcoin has broken out from important resistance levels, signaling a shift towards a sustained bullish market.
- Bitcoin whales continue to accumulate large amounts of Bitcoin, with substantial net inflows into U.S. spot Bitcoin ETFs.
- Bitcoin faces major resistance in the range of $67,000 to $68,000, with the potential for new all-time highs between $72,000 and $74,000.
- While bullish sentiment persists, there could be short-term cool-offs due to overbought signals, allowing for pullbacks or sideways consolidation.
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Cryptonews
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417
Image Credit: Cryptonews
Trump’s Crypto Comeback and its Impact on the Market
- Donald Trump has made a surprising shift in his stance on Bitcoin, now positioning himself as a pro-crypto candidate.
- Trump's growing support for Bitcoin is considered a bullish signal by analysts, with predictions that his re-election could push Bitcoin prices to new heights.
- Trump attempted to launch his own cryptocurrency, the World Liberty Financial (WLFI) token, but it failed due to various limitations.
- The surge in interest for cryptocurrency ETFs has driven record-breaking trading activity, with Bitcoin, Solana, and Ethereum seeing notable gains.
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Cryptonews
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399
Image Credit: Cryptonews
Analysts Think Uptober Top in for Bitcoin, Memecoin Supercycle Next?
- Bitcoin's recent price decline is attributed to overleveraged positions and low momentum.
- BTC dropped to $67.8K from the peak of $68.5K, still higher than September's low of $53K.
- On-chain analyst highlights weakening demand and the need for increased demand for the price to continue rising.
- Analysts are discussing the possibility of a memecoin supercycle driven by community sentiment and the lure of quick wealth.
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24 Likes
Newsbtc
4w
306
Image Credit: Newsbtc
Cardano (ADA) Eyes a Potential Recovery: Can It Bounce Back?
- ADA price started a downward move below the $0.3520 support level.
- Cardano struggled to continue higher after testing the $0.3700 resistance.
- On the upside, the price might face resistance near the $0.3515 zone.
- If Cardano’s price fails to climb above the $0.350 resistance level, it could start another decline.
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18 Likes
Tokenhell
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155
Coinbase vs. Binance: How Do the Leading Centralized Exchanges Compare?
- Coinbase and Binance are two leading centralized crypto exchanges.
- Coinbase is user-friendly, ideal for beginners, while Binance offers advanced trading tools.
- Coinbase supports 240 cryptocurrencies, while Binance supports over 500 crypto assets.
- Coinbase has varied payment options, while Binance offers lower trading fees with BNB token.
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9 Likes
Bitcoinist
4w
97
Image Credit: Bitcoinist
Crypto Investment Among Asian Private Wealth Managers Rises To 76%: Report
- According to a report by Aspen Digital, 76% of Asian private wealth managers are investing in cryptocurrencies.
- The report reveals that the proportion of respondents investing in cryptocurrencies has increased from 58% in 2022 to 76% in 2024.
- The approval of Bitcoin ETFs by the SEC has given digital assets regulatory backing and made investors more comfortable adding crypto exposure to their portfolios.
- Key areas of interest for private wealth managers include DeFi, AI and DePIN, and real-world asset tokenization, while NFTs and crypto as a 'store of value' are no longer top areas of interest.
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5 Likes
Coinpedia
4w
57
Image Credit: Coinpedia
Can Bitcoin Hit $75000k Levels In The Next Few hours?
- Bitcoin's market stability and rejection of resistance levels at $67,500 to $68,000 suggest a potential pullback.
- An analyst believes that Bitcoin could experience an upward breakout within hours or days, leading to an all-time high.
- The reduction of sell walls on exchanges indicates seller exhaustion, potentially facilitating a market rebound.
- Increased institutional activity, including record open interest on the CME and substantial ETF inflows, suggests a shift away from retail trading dominance.
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3 Likes
Newsbtc
4w
426
Bitcoin Holders In Profit Hits 95%: Is BTC Overheating?
- Around 95% of all Bitcoin holders are currently in profit.
- Only 3% of Bitcoin holders are at their break-even point, while 2% are underwater.
- High profitability ratio indicates potential overheated conditions and a possible mass selloff.
- Bitcoin inflows to accumulation addresses have spiked, suggesting another phase of accumulation may be starting.
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25 Likes
Cryptonews
4w
346
Image Credit: Cryptonews
Arrest Made in SEC Social Media Hack and Fake Spot Bitcoin ETF Post
- A 25-year-old Alabama man has been charged with conspiracy to commit aggravated identity theft following the January 9th hack of the SEC’s Twitter account.
- The hack resulted in a fake tweet approving spot Bitcoin ETFs, leading to a significant increase in Bitcoin's price.
- The man behind the hack, Eric Council Jr., was arrested by the FBI after months of investigation.
- Council used a SIM swapping scheme to gain access to the SEC's Twitter account.
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20 Likes
Newsbtc
4w
146
Image Credit: Newsbtc
XRP Price Set To Resume Upside: Is Momentum Building?
- XRP price is holding gains above the $0.5450 zone.
- There is a connecting bearish trend line forming with resistance at $0.5465.
- The price could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels.
- If XRP fails to clear the $0.550 resistance zone, it could start another decline.
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8 Likes
NullTX
4w
71
Image Credit: NullTX
Bitcoin Whale Transactions Surge Amid Growing Market Uncertainty
- Bitcoin's whale transactions have spiked to their highest level in over 10 weeks, with 11,697 $100K+ transfers on the network.
- Social media discussions have heavily focused on Bitcoin, accounting for over 25% of all crypto-related conversations.
- 95% of Bitcoin addresses are currently in profit, signaling strong bullish sentiment and potential market overheating.
- BlackRock has acquired 10,126 BTC ($681 million) in just two days, bringing their total holdings to 380,972 BTC ($25.62 billion).
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4 Likes
Newsbtc
4w
168
Image Credit: Newsbtc
Ethereum Price Consolidates: Preparing for the Next Move Higher?
- Ethereum price consolidates above $2,580 resistance.
- Bullish trend line forming with support near $2,600.
- Resistance at $2,650 and $2,680 levels.
- Failure to clear resistance may result in a decline towards $2,550.
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10 Likes
Bitcoinist
4w
8
Image Credit: Bitcoinist
Global Adoption Of Stablecoins Leaves US In The Dust—Report
- The adoption of stablecoins in the US is facing a slowdown as compared to emerging markets.
- US-based stablecoins are experiencing regulatory and adoption challenges.
- Global demand for stablecoins backed by the US dollar is increasing, especially in regions with volatile local currencies.
- The lack of a regulatory framework for stablecoins in the US puts the country at a competitive disadvantage.
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Bitcoinist
4w
293
Image Credit: Bitcoinist
Surge In Bitcoin Activity: Whales Transactions Hit New Highs, Is A Bull Run Brewing?
- Bitcoin whale transactions have reached new highs, indicating a surge in activity from large holders.
- This surge marks the highest level in over 10 weeks.
- The increase in high-volume transactions suggests investors positioning themselves for a major price rally in the coming months.
- Crypto expert predicts that the current bull run for Bitcoin might outperform previous cycles.
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