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Bitcoin News
Newsbtc
2w
1.2k
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Bitcoin Eyeing $112,000 After Bullish Double Bottom Breakout, Analyst Says
- Bitcoin experienced a slight weekend dip to $106,600 but has since rebounded and is now trading near $110,000.
- Crypto analysts are optimistic about Bitcoin's rise, with a potential target of $112,000 following the formation of a bullish double bottom pattern.
- The double bottom pattern typically indicates a reversal of a downtrend and a shift in market sentiment from bearish to bullish.
- Despite some mixed behavior from Bitcoin whales, strong institutional interest and high trading volumes suggest a positive outlook for Bitcoin price momentum.
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Newsbtc
2w
82
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Massive Whale Activity Detected on Binance as Bitcoin Tests New Highs
- Bitcoin's momentum has led to a new all-time high of over $111,000, although it has slightly retraced to $108,499 currently.
- Increased on-chain signals suggest large players are re-entering the market despite the short-term price decline.
- Analysts are closely monitoring whale activity on exchanges like Binance, with a surge in whale movement indicating potential upcoming volatility.
- Positive shift in spot market behavior, particularly the dominance of market buy orders, suggests renewed buyer interest in Bitcoin, signaling a potentially bullish trend ahead.
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TronWeekly
2w
82
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Long Term Bitcoin Holders are Stocking Up, While Short-Term Traders are Being Forced Out
- Long-term Bitcoin holders have been increasing their investments as short-term traders were forced out due to recent liquidations.
- The value of Bitcoin held by long-term investors has exceeded $28 billion, indicating their confidence in the market despite fluctuations.
- Charts show aggressive liquidation of short positions and a rise in long-term accumulation, reflecting a shift in market behavior towards long-term investment.
- The clustering of buy and sell orders in the Bitcoin market structure indicates strong support and stability despite recent market volatility.
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Cryptopotato
2w
194
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Digital Assets See $3.3B Weekly Inflows Despite XRP’s Historic Reversal
- XRP experienced a historic reversal with outflows of $37.2 million, the highest on record, despite digital assets seeing $3.3 billion in weekly inflows.
- Inflows in digital asset investment products brought the cumulative six-week inflow streak to $10.5 billion, with year-to-date inflows reaching a record-breaking $10.8 billion.
- Investors are diversifying towards digital assets due to US economic uncertainty, Moody's credit downgrade, and surging treasury yields.
- Bitcoin led digital asset inflows with $2.9 billion, while Ethereum, Solana, and Sui also saw significant inflows. XRP faced outflows along with multi-asset products.
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Coindoo
2w
263
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Bitcoin Liquidations Flush Out Late Longs as Long-Term Holders Accumulate
- Bitcoin experienced significant liquidations as it fell below the $111,000 mark, resulting in over $185 million in long positions being liquidated across two waves.
- Short-term traders faced consequences of aggressive risk-taking, while long-term holders capitalized on the volatility, with LTH realized cap surpassing $28 billion, the highest since April.
- Amidst the chaos, long-term investors strategically accumulated Bitcoin, utilizing price dips as entry points and reinforcing their positions during selling phases.
- As smart money moves in with the flushing out of overleveraged positions, the confidence of long-term Bitcoin holders in its value proposition contrasts with the panic-driven actions of short-term traders, potentially setting the stage for Bitcoin's next significant price movement.
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Cryptonews
2w
99
MicroStrategy Splashes US$427 Million on 4,020 Bitcoin as Shares Slump Amid Legal and Insider-Sale Pressures
- MicroStrategy purchased 4,020 BTC for US$427.1M, raising its total holdings to 580,250 BTC, worth over US$63B and representing more than 3% of total supply.
- Despite the buy, MicroStrategy faces pressure from insider stock sales and legal challenges.
- Other firms like Metaplanet, Nakamoto, and Semler Scientific are following MicroStrategy’s lead in Bitcoin investments.
- MicroStrategy's stock, MSTR, has dropped over 7% following a class-action lawsuit filed accusing the company of misleading shareholders over risks tied to its Bitcoin strategy.
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TronWeekly
2w
134
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Florida Bill Seeks to Exempt Bitcoin, XRP, and Stock Gains From State Capital Gains Taxes
- Florida lawmakers aim to eliminate capital gains tax on Bitcoin, XRP, and stocks to attract more crypto companies and provide clear tax rules for investors.
- The new bill in Florida ensures 0% tax on capital gains from cryptocurrencies and traditional stocks, with Governor Ron DeSantis endorsing the proposal to enhance the state's position in the digital asset sector.
- The move signals Florida's support for crypto companies and investors by introducing tax exemptions, although federal capital gains taxes remain unchanged and continue to apply to all U.S. residents.
- Florida's crypto-friendly regulations and zero capital gains tax proposal may lead to increased investment, potentially fueling Bitcoin price speculation as the state competes with others by offering favorable tax policies.
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Cryptonews
2w
402
Trump Media Fires Back at $3B Bitcoin Buy Rumors as “Pure Fiction”
- Trump Media denies rumors of planning a $3 billion Bitcoin buy as reported by Financial Times, calling it 'pure fiction'.
- No funding or crypto plans have been announced or filed by Trump Media and Technology Group according to their statement.
- Alleged plans to raise $3 billion to buy Bitcoin, as reported by Financial Times, were denied by Trump Media, with no supporting documents surfacing.
- The news of a potential $3 billion Bitcoin purchase by Trump Media has drawn political scrutiny, especially given Trump's pro-crypto stance and recent memecoin-linked events.
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Medium
2w
411
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How Nebuvex Trading Platform Responds to Today’s Crypto Market Shifts
- Apple has eased its restrictive policies on cryptocurrency applications following a federal court ruling, allowing developers to direct users to external payment systems without traditional restrictions or hefty commission fees.
- The Central Intelligence Agency's deputy director acknowledged Bitcoin's importance in national security operations, signaling a fundamental shift in governmental perspective on cryptocurrency and emphasizing the need for the U.S. to maintain its competitive edge.
- The European Union plans to ban anonymous cryptocurrency accounts and privacy-preserving tokens by 2027, impacting global operations and necessitating compliance considerations for platforms like Nebuvex serving international markets.
- These regulatory shifts create a complex landscape for cryptocurrency trading in North America, with implications for mobile adoption, institutional acceptance, and compliance requirements that trading platforms must navigate to adapt to evolving market conditions.
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Livebitcoinnews
2w
73
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XRP ETF Approval Odds Surge to 83% Despite SEC Delay
- XRP ETF approval odds are at 83% for 2025, with increased investor confidence and institutional interest.
- The SEC has delayed decisions on XRP ETFs, with a key ruling expected on June 17, 2025.
- Introduction of XRP futures contracts has seen positive trading volume on the Chicago Mercantile Exchange.
- Institutional adoption of XRP and potential ETF approvals indicate positive growth prospects for the cryptocurrency market in 2025.
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99Bitcoins
2w
320
Quantum Computers Just Got Closer to Cracking Bitcoin
- Quantum computing could pose a threat to Bitcoin security sooner than expected, with Google's latest findings indicating a potential vulnerability in encryption.
- Google's Quantum AI team has shown that breaking RSA-2048 encryption may require significantly fewer qubits than previously thought, creating concerns for the future of Bitcoin security.
- While Bitcoin does not use RSA encryption, its reliance on elliptic curve cryptography could still be susceptible to quantum attacks, potentially exposing private keys.
- The concept of 'Q-Day' refers to the prospective time when quantum computers could decrypt Bitcoin wallets and access digital assets through breaking encryption.
- Estimates suggest that Q-Day could be within a 5 to 10-year timeframe, prompting a need for quantum-resistant cryptographic solutions to safeguard against potential threats.
- Efforts are already underway to develop post-quantum security measures, including cryptographic algorithms from institutions like the U.S. NIST and initiatives by private entities.
- While quantum-powered attacks on Bitcoin are not an immediate concern, preparing for such events is essential to maintain the network's integrity and trust in the long term.
- Upgrading to post-quantum security could involve significant changes, such as a hard fork, which may be necessary to enhance Bitcoin's resilience against future threats.
- The crypto community needs to remain proactive in addressing the implications of quantum computing on Bitcoin security and take precautionary measures to protect digital assets.
- The latest advancements in quantum computing highlight the need for ongoing vigilance and readiness within the crypto space to mitigate potential risks and ensure the safety of digital assets.
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Newsbtc
2w
69
Bitcoin Enters A Massive Week: Key Events To Watch
- Bitcoin 2025, the annual industry gathering, is taking place from 27-29 May at The Venetian in Las Vegas.
- Key political figures and industry leaders like JD Vance, David Sacks, Bo Hines, and Nigel Farage are set to speak at the event.
- The FTX Recovery Trust will distribute over $5 billion to former customers of a failed exchange, potentially impacting the market.
- Important macroeconomic events to watch include the Federal Reserve meeting minutes release, first-quarter GDP estimate, and PCE price index update.
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Coindoo
2w
405
Image Credit: Coindoo
Short-Term Bitcoin Holders Near Profit-Taking Zone – Price Prediction For Mid-June
- Bitcoin short-term holders approaching profit-taking zone, historically signaling sell-offs by this group.
- At the current growth rate, the 40% profit level could be reached by June 11, 2025.
- Potential BTC price of $162,000 projected as short-term holders' profit levels near 40% zone.
- Past NUPL peaks have led to notable sell pressure from short-term holders, indicating possible price direction impact.
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Coindoo
2w
17
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Robert Kiyosaki: Bitcoin Could Soon Be Priceless — “Don’t Miss the Banana Zone”
- Robert Kiyosaki predicts Bitcoin could become priceless in the future and advises investors to take advantage of its long-term potential.
- Kiyosaki highlights the limited remaining supply of Bitcoin and relates it to Raoul Pal's concept of the "Banana Zone" theory, signaling potential price growth due to scarcity.
- He urges followers to focus on financial education from notable figures in the crypto space and warns against missing out on the opportunity to achieve financial freedom with Bitcoin.
- Kiyosaki's endorsement adds to the trend of influential figures advocating for retail investors to enter the Bitcoin market, especially with its current trading price around $110,000.
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Bitcoinsensus
2w
359
Image Credit: Bitcoinsensus
Gold in the 1970s Is Bitcoin Now – Historical Analogy by Fred Krueger
- Fred Krueger draws a historical analogy between gold in the 1970s and Bitcoin, suggesting a key to understanding future dynamics.
- Krueger points out that both gold and Bitcoin are decentralized and self-sovereign assets, not subject to centralized control.
- He highlights similarities in the political, economic, and social factors leading to changes in investor sentiment towards both assets.
- While gold was a global reserve asset with a clear correlation to inflation and interest rates in the 1970s, Bitcoin's dynamics are still evolving.
- Bitcoin's regulation, infrastructure, and growth drivers differ from those of gold, requiring a nuanced evaluation of the analogy.
- Krueger's analogy is considered comparable and useful for understanding Bitcoin's potential, but not a perfect prediction.
- Bitcoin's adaptability in a rapidly digitizing world may give it growth dynamics that diverge from traditional asset classes like gold.
- The comparison between gold in the 1970s and Bitcoin serves as a valuable lens for examining the evolving role of digital assets in the financial landscape.
- Overall, while the similarities between the two assets are evident, the differences and unique characteristics of Bitcoin necessitate a nuanced evaluation of its potential growth trajectory.
- Understanding the historical context of gold's price dynamics in the 1970s can provide insights into how Bitcoin, as a digital asset, may respond to macroeconomic uncertainties and shifts in investor sentiment.
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