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Bitcoin News
Coindoo
2w
407
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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
360
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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Livebitcoinnews
2w
191
Image Credit: Livebitcoinnews
Dubai Launches Prypco Mint, First Tokenized Property Platform in the Region
- Dubai has launched Prypco Mint, the Middle East’s first tokenized property investment platform, allowing real estate investments with a minimum of Dh2,000.
- The project is supported by VARA, Central Bank of the UAE, and Dubai Future Foundation, offering opportunities for residents to invest in tokenized properties via Prypco Mint.
- Prypco Mint operates on the XRP Ledger for fast and secure transactions, with potential benefits including rental income and property value appreciation.
- With the aim to represent 7% of Dubai's property market by 2033, Prypco Mint merges real estate with Web3 technology, ushering in a new era of digital progress in Dubai.
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Bitcoinist
2w
373
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Coinbase Faces New Lawsuit Over Stock Drop Damages Following Data Breach
- Coinbase is facing a class action lawsuit alleging significant losses for investors due to company omissions affecting stock price.
- The lawsuit includes claims related to a data breach and failure to disclose breaches of a 2020 agreement with the UK's Financial Conduct Authority.
- Coinbase's stock price fell after reports of the UK subsidiary breaching financial crime requirements and a data breach compromising user information.
- Investors seek compensable damages under the Securities Exchange Act of 1934 due to the alleged violations by Coinbase, its CEO, and CFO.
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Bitcoinist
2w
365
Image Credit: Bitcoinist
Bitcoin Flashes Historic Bull Market Golden Cross To Trigger ‘Flash Sale’
- Bitcoin has triggered a rare and historic Golden Cross, indicating the start of a major bull run, but a flash sale is expected to occur.
- Market expert Kyle Chasse warns of a 10-15% short-term price dip post the Golden Cross, with a target range set at $98,000 - $101,000 before rallying to $320,000.
- Analyst Cas Abbe predicts Bitcoin to reach $160,000 by the fourth quarter of 2025, with forecasts indicating a potential move towards $130,000 by July.
- During Bitcoin-led corrections, altcoins could experience more severe declines of 30-40% as the market prepares for potential parabolic rallies.
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Pymnts
2w
295
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Trump Media Reportedly Raising $3 Billion for Crypto Purchases
- Trump Media & Technology Group plans to raise $3 billion to purchase cryptocurrencies.
- The fundraising involves $2 billion in fresh equity and $1 billion through a convertible bond.
- The move indicates the Trump family's increasing involvement in the crypto sector, raising concerns about conflicts of interest.
- The crypto industry has seen other developments like major banks exploring a jointly operated stablecoin as the sector evolves.
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Newsbtc
2w
304
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Bitcoin UTXO Signal Approaches 99% Level – Bullish Signal Or Profit-Taking Setup?
- Bitcoin is trading close to its all-time high, signaling a potential new impulsive phase in price discovery and growing momentum.
- On-chain insights from CryptoQuant suggest that the Bitcoin market is approaching the 99% profit threshold, indicating high profitability and possible market euphoria.
- BTC is showing strength in volatile times, consolidating near $112,000 amid macro uncertainty and geopolitical risks. The market is closely watching for a potential breakout above $112,000.
- Bitcoin remains bullish, with key moving averages aligned to the upside on the 4-hour chart. Short-term support is seen near $103,600, while resistance lies at $110,200–$112,000 range.
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Bitcoinmagazine
2w
212
Exodus Launches XO Pay, An In-App Bitcoin And Crypto Purchase Solution
- Exodus has launched XO Pay, a feature in their mobile wallet allowing users to buy and sell cryptocurrencies like Bitcoin directly within the app.
- XO Pay is powered by Coinme's Crypto-as-a-Service platform, offering a self-custody Bitcoin wallet for purchasing BTC within the Exodus wallet.
- The integration of XO Pay aims to simplify the process of purchasing cryptocurrencies and emphasizes Exodus' commitment to making digital assets more accessible.
- Exodus' partnership with Coinme enables a seamless in-app purchasing experience while ensuring users maintain full control of their assets.
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Livebitcoinnews
2w
186
Image Credit: Livebitcoinnews
ETF Mania Drives $111,000 ATH For Bitcoin Price: Expert Investor Points To These Retail Tokens For 100x ROI In days
- The Bitcoin price surged to $111,000 fueled by ETF-driven momentum and capital inflows, with a focus now shifting towards smaller retail tokens such as FloppyPepe, Pepe, and Fartcoin for potential high returns.
- The Bitcoin price increase is fueled by significant ETF inflows, reaching over $3.6 billion in the past month, attracting institutional interest but leading retail investors to seek opportunities in smaller cap tokens.
- FloppyPepe (FPPE) stands out with features like real-time meme generation powered by AI, community involvement, and token redistribution model, while Pepe (PEPE) offers short-term speculative opportunities and Fartcoin (FARTCOIN) banks on viral appeal and active community.
- In conclusion, the focus on smaller retail tokens like FloppyPepe remains strong, with its presale still open but closing soon, presenting an opportunity for potential investors to participate in new projects.
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Cryptopotato
2w
386
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Ethereum’s (ETH) Quiet Rally: Where Are the Retail Investors?
- Ethereum has rebounded above $2,500 with an almost 8% price jump in the last week.
- Retail investor activity in Ethereum remains subdued despite broader crypto market gains.
- Retail engagement in Ethereum has not followed the typical pattern in this cycle, signaling a possible early phase for the crypto asset's rally.
- Institutional interest in Ethereum remains strong with steady inflows in spot Ethereum ETFs, indicating growing confidence from larger investors.
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Bitcoinist
2w
126
Image Credit: Bitcoinist
$3.3 Billion Floods Into Crypto in One Week, What’s Fueling the Surge?
- Crypto asset investment products received $3.3 billion in inflows last week, with a total of $10.8 billion inflows for the year-to-date, marking a new record for 2024.
- Bitcoin led the inflows, attracting $2.9 billion, followed by Ethereum with $326 million.
- However, XRP saw outflows of $37.2 million, ending its 80-week streak of inflows, signaling a possible shift in investor sentiment or portfolio rebalancing.
- The US accounted for the majority of global inflows, while Switzerland experienced outflows as investors locked in profits, reflecting varying risk appetites and macroeconomic outlooks among institutional investors.
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Bitcoinist
2w
126
Image Credit: Bitcoinist
Newbie Bitcoin Whales The Ones Taking Profits This Rally, Data Shows
- Bitcoin short-term holder whales have been taking more profits than long-term holder whales in the recent rally.
- New Bitcoin whales who entered the market in the past five months have been the main group selling off profits.
- Short-term holders have historically reacted to market events, while long-term holders have shown resilience.
- Bitcoin Accumulation Trend Score indicates that whales, particularly mega whales, have been displaying strong accumulation despite profit-taking.
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Livebitcoinnews
2w
369
Image Credit: Livebitcoinnews
Bit2Me and Cecabank Launch Crypto Platform for EU Banks
- Bit2Me and Cecabank have partnered to launch a MiCA-compliant crypto platform for European banks, aiming to bridge traditional finance with the digital asset world.
- The platform provides secure crypto custody, trading, and order transmission services, with Cecabank offering regulatory expertise and Bit2Me handling crypto market operations.
- With regulatory clearance pending from Spain’s securities watchdog, the platform enables banks to offer secure and simplified crypto services in compliance with EU regulations.
- The collaboration signifies a significant step towards integrating digital assets into the traditional financial system, enhancing safety and clarity in Europe's crypto market.
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Bitcoinsensus
2w
8
Image Credit: Bitcoinsensus
Key Economic Prints Investors Should Watch This Week: Fed Minutes, GDP Data & Inflation
- Federal Reserve and the U.S. Government facing pressure from bond market turmoil, causing concerns over inflation and interest rate policy.
- Key economic events this week include 2-Year Note Auction, U.S. Durable Goods Orders, 5-Year Auction, Fed Minutes release, GDP Q1 Revised Data, and Core PCE Price Index.
- Investors closely monitoring these events to gauge short-term U.S. debt demand, interest rate expectations, economic growth, consumer spending trends, and price pressures.
- The Federal Reserve's thinking on inflation, interest rates, and overall economic conditions to be revealed in released minutes from the latest FOMC meeting on May 6–7.
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