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Bitcoin News
Crypto-News-Flash
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347
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Blockstream Secures $210M to Boost Layer 2 and Mining Operations
- Blockstream raises $210 million to enhance Layer 2 technology adoption and expand Bitcoin mining operations.
- The funding will be used to accelerate the adoption of Layer 2 solutions for Bitcoin transactions and scale Bitcoin mining activities.
- Blockstream aims to leverage its funds to establish industry leadership and profit from the forthcoming Bitcoin market cycle.
- In a separate development, Solv Protocol secures $11 million to simplify Bitcoin staking and enable closer integration with DeFi platforms.
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TheNewsCrypto
4w
387
Image Credit: TheNewsCrypto
Grayscale and Canary Capital Spark New Crypto ETF Wave
- Grayscale has filed to convert its Digital Large Cap Fund into a diversified crypto ETF that includes Bitcoin, Ethereum, Solana, XRP, and Avalanche.
- Canary Capital has filed for spot Litecoin and XRP ETFs, targeting alternative cryptocurrencies in response to growing institutional interest.
- The race to bring more crypto-based ETFs to the US market reflects increasing demand for sophisticated cryptocurrency products.
- Political factors, including the upcoming US presidential election, may influence the regulatory environment for cryptocurrencies.
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Bitcoinist
4w
124
Image Credit: Bitcoinist
Bitcoin Open Interest Across All Exchanges Approaching All-Time High: $74,000 Incoming?
- Bitcoin open interest across all major derivatives exchanges is approaching an all-time high, currently standing at over $37.6 billion, up from $34.6 billion.
- Open interest is used to gauge trader interest and willingness to engage, but it does not indicate whether there are more buyers or sellers.
- If Bitcoin breaks and closes above $66,000, it could attract more traders to open leverage positions, potentially pushing the open interest above $40 billion, reaching an all-time high.
- However, the long-short ratio data indicates that currently, there are fewer long volumes compared to short volumes, suggesting that most traders are still bearish.
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TronWeekly
4w
392
Image Credit: TronWeekly
Bitcoin ETFs Soar: $556M Inflows Mark Biggest Day Since June
- US-based Bitcoin ETFs experienced their largest daily net inflow in four months, totaling $555.9 million.
- Fidelity's Wise Bitcoin Origin Fund attracted the highest inflow among Bitcoin ETFs, at $239.3 million.
- Ether-focused funds saw minimal or zero net flows, indicating a disparity in investor interest.
- The surge in Bitcoin ETF inflows coincides with Bitcoin reaching a two-week high of $66,500.
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Bitcoinist
4w
396
Image Credit: Bitcoinist
New Investors Buying Bitcoin Again: Key Data Supports Bullish Outlook
- Bitcoin price is above $65,000, signaling a potential push to new highs.
- CryptoQuant data shows new investors are buying BTC again, indicating bullish sentiment.
- Historically, new investors' accumulation periods precede major price surges.
- Bitcoin's key resistance at $66,500 will determine its path in the coming weeks.
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Cryptonews
4w
410
Image Credit: Cryptonews
Swyftx Reveals OTC Insights: PEPE a Top Traded Asset Among High Volume Investors
- Solana has surpassed Bitcoin as the most-traded asset among high-volume OTC traders on Swyftx.
- Bitcoin and Ethereum are the second and third most-traded assets respectively.
- Meme coins like Pepe, Dogecoin, and Dogwifhat have made it to the top ten most popular assets for OTC traders.
- High-volume investors are showing interest in meme coin sub-sector.
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Newsbtc
4w
13
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Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?
- Litecoin price is gaining momentum above $70.00 against the US Dollar.
- Litecoin broke key resistance levels and is trading above the 100-hourly Simple Moving Average.
- A bullish trend line is forming with support at $68.00 on the LTC/USD hourly chart.
- If LTC clears the $72.80 resistance, it could continue to rise towards $75.50 and $78.00.
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Tokenhell
4w
271
A Deep Dive Into Crypto Laws and Regulations in Turkey
- Turkey has seen a high adoption rate of cryptocurrencies like Bitcoin and Ethereum.
- The Turkish government has a positive stance towards cryptocurrencies and is working on formulating regulations.
- There are no taxes imposed on crypto investments in Turkey currently.
- Various Turkish financial institutions have integrated crypto assets into their systems.
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Crypto-News-Flash
4w
169
Image Credit: Crypto-News-Flash
Crypto Rally: Bitcoin and Altcoins Climb After China Boosts Debt Ceiling for Economic Stimulus
- Bitcoin climbed to $64,300 following China’s new economic stimulus measures.
- Other cryptocurrencies, like Ethereum and Solana, also saw gains.
- Long-term investors and institutional interest continue to support Bitcoin's recovery.
- China's decision to increase government debt issuance aims to boost the economy.
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Newsbtc
4w
142
Image Credit: Newsbtc
XRP Price Nearing Breakout: Can It Finally Push Higher?
- XRP price is attempting a fresh increase above the $0.540 zone.
- The price is now trading above $0.5410 and the 100-hourly Simple Moving Average.
- A key bullish trend line is forming with support at $0.5395 on the hourly chart of the XRP/USD pair.
- The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels.
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Cryptonews
4w
0
Image Credit: Cryptonews
Bitcoin Rally Signals Investor Optimism for $80K Pre-Election Surge, Says Bitwise CIO
- Bitcoin's weekend rally continues, reaching US $70k for the first time in months.
- Bitwise CIO Matt Hougan believes that Bitcoin's price movement is influenced by the upcoming US election.
- Hougan predicts that Bitcoin will hit new highs regardless of the presidential outcome.
- Investor sentiment has increased, and there is a lot of capital waiting to enter the market.
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Cryptonews
4w
124
Image Credit: Cryptonews
Tesla Stirs Crypto Market by Relocating Nearly All Its Bitcoin After Two-Year Hibernation
- Tesla transferred around US$765 million worth of Bitcoin to new, undisclosed wallets, its first activity in two years.
- Tesla originally bought US$1.5 billion worth of Bitcoin in 2021, selling 10% that year and 75% in 2022.
- The move has sparked curiosity about Tesla’s future plans for its Bitcoin holdings, although the transferred wallets are not connected to crypto exchanges, indicating no immediate plans to sell.
- Tesla's recent Bitcoin transfer comes as the cryptocurrency recently surged in value, appreciating over time.
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Newsbtc
4w
205
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Neiro Coin Blows Up 4,608%—Can It Sustain The Momentum?
- Neiro Coin (NEIRO) has experienced a 4,608% increase in value within 30 days.
- The coin has slowed down its momentum and lost 15% from its peak.
- Short-term concerns arise about whether Neiro has reached its maximum potential.
- Long-term forecast suggests further increases in value by November 2024.
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Zycrypto
4w
1.1k
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Man Who Accidentally Threw Away $500 Million Bitcoin Fortune Sues To Dig Up Lost Hard Drive
- A British man who accidentally discarded a hard drive containing Bitcoin has sued a local council to search for it in a landfill.
- James Howells mistakenly threw away the hard drive with the private key to access and spend his Bitcoin in 2013.
- He is claiming £495 million ($647 million) in damages, representing the peak value of his lost Bitcoin.
- The council has rejected requests to excavate the landfill, citing environmental concerns.
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Bitcoinik
4w
1.7k
Image Credit: Bitcoinik
Elon Musk’s Tesla Moves 11,500 Bitcoin as Bitcoin Hits $67k Price Level
- Tesla transfers 11,500 Bitcoin to multiple wallets, fueling speculation of a potential sell-off.
- Bitcoin reaches a price of $67,000, experiencing a significant 24-hour price increase.
- No wallets receiving Tesla's Bitcoin are linked to crypto exchanges, suggesting alternative selling methods.
- SpaceX, owned by Elon Musk, still holds 8,285 Bitcoin, raising questions about its future movements.
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