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Bitcoin News
TronWeekly
1M
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Bitcoin’s Long Standoff: Is the $60K Barrier a Launchpad for Breakout?
- Bitcoin has been in a tight sideways range for over 217 days, indicating a rare scenario in a bull market.
- A break above the $60K barrier could potentially lead to explosive breakouts, while a breakdown may result in a retest of support levels.
- Data shows that Bitcoin's Short-Term Holders (STH) are becoming more susceptible to price action, indicating increased market volatility.
- Bitwise's Chief Investment Officer predicts that Bitcoin could reach $80K by the end of 2024, influenced by factors like U.S. elections and economic stimulus.
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Bitcoinist
1M
286
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BlackRock Is Selling Bitcoin To Buy Ethereum, Will This Bullishness Trigger Another Altcoin Season?
- BlackRock, the world's largest asset manager, is selling Bitcoin to buy Ethereum, signaling a potential shift in investment strategy.
- BlackRock has sold 182 BTC worth $11.34 million and purchased 7,574 ETH worth $18.52 million.
- This move could potentially trigger a bullish rally for Ethereum and spark another altcoin season.
- Analysts are optimistic about the altcoin season, with indicators suggesting a significant price increase for altcoins.
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17 Likes
TheNewsCrypto
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161
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US Bitcoin ETFs See $253M Inflows on October 11, Ending 3-Day Streak
- US spot Bitcoin exchange-traded funds saw net inflows of $253.6 million on October 11, ending a three-day streak of withdrawals.
- The Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF recorded the highest net inflows with $117.1 million and $97.6 million respectively.
- Bitwise Bitcoin ETF received the most investments at $38.8 million, while other Bitcoin ETFs also experienced inflows.
- Grayscale Bitcoin Trust, however, saw a loss of $22.1 million.
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TronWeekly
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Bitcoin Set For Breakout As Key $63K Level And U.S. Election Drive Momentum
- Short-term Bitcoin holders have decreased from 55% to 40%, signaling potential heightened reactions to upcoming price movements.
- Bitcoin's critical resistance at $62,500 aligns with the CME gap, with a break above $63K possibly triggering a short-term bull trend.
- The upcoming U.S. elections could impact BTC's price, with traders closely watching political developments for further market influence.
- Bitcoin has been trading in a sideways trend over the past week, but some indicators that could herald a significant change are starting to appear.
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15 Likes
TheNewsCrypto
1M
443
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Bullish Trends Revisit the Crypto Market After CPI Release
- The global crypto market rebounded 2.5% following the stronger-than-expected CPI data.
- Bitcoin climbed to the $63K zone, catalyzing rallies in various altcoins. Currently, it is trading at around $62,848.
- The positive market sentiment led to surges in altcoins, with Avalanche (AVAX) rising over 10% and other major cryptocurrencies recording increases between 3% and 4%.
- Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also experienced gains, signaling a positive outlook for the market.
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26 Likes
Crypto-News-Flash
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331
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Michael Saylor Vision: Turn MicroStrategy into a Bitcoin Bank
- MicroStrategy aims to become the leading Bitcoin bank, leveraging Bitcoin-based financial instruments for growth.
- Founder Michael Saylor wants to build a new financial ecosystem centered around Bitcoin.
- MicroStrategy plans to expand its Bitcoin holdings through debt and equity.
- The company's ultimate goal is to become a trillion-dollar firm by maximizing its Bitcoin holdings.
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19 Likes
Bitcoinsensus
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394
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The Impact of Misinformation on Bitcoin Research at Bitcoin Amsterdam 2024
- Misinformation from academia has skewed public understanding and regulation of Bitcoin, as discussed at Bitcoin Amsterdam 2024.
- Errors in research, like inaccurate carbon emission data, can lead to misguided policies against Bitcoin mining.
- Accurate and nuanced studies are crucial for fostering informed discussions around Bitcoin’s environmental impact and utility.
- Academic misinformation about Bitcoin significantly impacts public perception and regulatory policies.
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23 Likes
TheNewsCrypto
1M
206
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Popcat (SOL) Hits New All-Time High as Bulls Gain Strength
- Popcat (SOL) surged 16.41% to a new all-time high of $1.49 after bouncing from an intraday low of $1.28.
- Popcat (SOL) has become the 6th largest memecoin, surpassing FLOKI.
- Popcat (SOL) is currently priced at $1.44 with a market capitalization of $1.40 billion.
- Technical indicators suggest that Popcat (SOL) may continue to grow, possibly reaching $1.50 or even $1.53.
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12 Likes
Bitcoinist
1M
246
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German National Accused Of $150 Million Crypto Fraud Evades Capture
- Horst Jicha, a German national charged with orchestrating a $150 million crypto fraud scheme, has become a fugitive after failing to appear in a Brooklyn federal court.
- Jicha was reportedly under home detention in New York City, having secured a $5 million bond guaranteed by his domestic partner and children.
- Facing multiple charges of securities fraud and conspiracy related to a multi-level marketing scheme known as USI Tech, Jicha’s trial is scheduled for March 31.
- Prosecutors allege that he misled retail investors by promising high returns and ultimately siphoning off millions in investor funds.
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14 Likes
Newsbtc
1M
304
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Solana Prepares For A 20% Rally – Can SOL Reclaim $176?
- Solana is showing signs of strength as it prepares for a potential move to higher levels.
- Analyst Carl Runefelt predicts a 20% surge for SOL in the next few weeks, reaching $176.
- Resistance levels and overall crypto market volatility could challenge Solana's upward trajectory.
- Solana's technical analysis suggests a breakout from a bullish triangle pattern could lead to new highs.
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18 Likes
NullTX
1M
268
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Bitcoin And Ethereum Options Set To Expire: $1.57 Billion In Play As Key Price Levels Emerge
- Bitcoin and Ethereum options set to expire, with $1.57 billion in play as key price levels emerge.
- Pivotal price levels of $62,000 for Bitcoin and $2,500 for Ethereum draw market intrigue.
- Ethereum's key support zone at $2,300 is crucial for short-term stability.
- BlackRock adjusts crypto portfolio, selling Bitcoin and buying Ethereum.
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16 Likes
NullTX
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Bitcoin Dips To $58.9K, Traders See Opportunity Amidst Market Volatility
- Bitcoin dipped to $58.9K, reaching a 3-week low, but traders view it as a buying opportunity.
- Long liquidations totaled $290 million, the largest since June 2022, signaling a market reset.
- Despite price fluctuations, Bitcoin network activity remains strong with a 32% increase in transaction fees.
- Bitcoin spot ETFs experienced a net outflow of $121 million, indicating a shift in investor behavior.
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TheNewsCrypto
1M
98
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Will Bitcoin Break Through $65K After Its Recent Surge?
- Bitcoin (BTC) surged from a low of $60,548 to a high of $63,400, currently trading around $62,656.
- The global cryptocurrency market rebounded with a 2.92% increase to $2.92 trillion.
- Bitcoin's recent price fluctuations show volatility, but technical indicators suggest bullish momentum.
- Bitcoin's price may rise to $64,500 and potentially exceed $65,000 for further increases.
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5 Likes
Bitcoinist
1M
403
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Japan’s Metaplanet Scoops Another 108 Bitcoin, Inches Closer To 1000 BTC Target
- Japanese investment firm Metaplanet has acquired an additional 108 Bitcoin (BTC), bringing its total holdings to over 748 BTC.
- Metaplanet's average buying price for BTC is around $62,500, resulting in a potential loss if liquidated today.
- The firm aims to accumulate at least 1,000 BTC, according to CEO Simon Gerovich.
- Metaplanet's Bitcoin strategy is similar to that of MicroStrategy, which holds the largest Bitcoin reserves in the world.
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24 Likes
Coinpedia
1M
273
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Why Crypto Market Is Up Today? Will US Elections 2024 Drive More Gains?
- The total crypto market cap surged by 2 percent in the past 24 hours.
- Re-emergence of whale demand contributes to the crypto market pump.
- Bitcoin price rebounded and reclaimed support levels, indicating a potential bullish breakout.
- Historical data suggests that the US elections in 2024 may drive more gains in the crypto market.
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16 Likes
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