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Bitcoin News
Bitcoinsensus
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Oil Prices, China Iran Trades, and Blockchain
- The biggest US banks predicted the price of Brent crude oil in 2024 at $90-94.
- BP says that global oil demand will peak next year, then level off and then fall forever after that. OPEC, on the other hand, believes that oil demand is growing and there will be no end to it.
- US investment banks and energy agencies’ forecasts for oil prices and demand in 2024 have become highly inaccurate.
- BRICS countries, including China, import oil from Iran bypassing Western supplies and banking systems.
- JP Morgan underestimated demand by 600,000 barrels per day in the third quarter of 2024.
- The BRICS and OPEC countries are creating a new blockchain-based trading system, which could change global energy markets.
- The OPEC believes that oil demand will grow for another 20 years.
- The BRICS and OPEC countries are bypassing Western banks and Western energy companies. The trading system is slipping out of hands of Western energy producers.
- The adoption of Bitcoin by the US to maintain its economic leadership is making more and more sense.
- Blockchain will change far more than just decentralized finance to a decentralized distributed global economy and politics.
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TheNewsCrypto
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Crypto Market Awaits Key US Jobs Report for Market Direction
- The crypto market is awaiting the key US jobs report for market direction.
- Experts predict that the jobless rate will stay at 4.2% in September.
- Traders are anticipating a possible 'Uptober' surge and watching statements made by Fed officials.
- The US Federal Reserve takes the labor market into account when determining policy rates.
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Newsbtc
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BONK In Trouble As Sharp Decline Hints At An Impending Pullback
- BONK is facing a sharp decline, leading to concerns about an impending correction.
- The recent drop suggests waning buying pressure and a possible market correction.
- Technical analysis indicates a potential decline towards the $0.00001792 support level.
- Bulls need to push the price above $0.00002320 to resume upward momentum.
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Crypto-News-Flash
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227
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Chainlink Analysis: Bullish Momentum Sets LINK on Course for 50% Price Surge
- Analysts predict a potential 50% surge for Chainlink (LINK) to reach $19 in the near term.
- Key market indicators like the DMI and MVRV suggest a bullish outlook for LINK.
- Historical charts show a golden cross formation in the EMA lines, indicating a bullish trend for LINK.
- LINK currently faces resistances at $13.9 and $15, with a successful breakout potentially leading to a price of $19.
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Crypto-News-Flash
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BlackRock Makes Bold Move, Adds Another 1,413 BTC to Its Holdings
- BlackRock, the world’s largest asset management firm, has added another 1,413 BTC to its holdings, strengthening its position in Bitcoin investments.
- The recent purchase brought BlackRock's total Bitcoin holdings to over 363,626 BTC, worth approximately $23.68 billion.
- This rapid accumulation of Bitcoin in just eight months after launching its Bitcoin ETF product reflects BlackRock's confidence in digital assets.
- The increased interest in Bitcoin spot ETFs is not exclusive to BlackRock, as other funds have also seen strong inflows, indicating growing investor interest in Bitcoin as an investment vehicle.
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Coinpedia
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Bitcoin Inflows Paint Rosy Picture Amid Price Targets Of $73,000 and $74,000
- Bitcoin is showing signs of being overbought and may experience a slight pullback or sideways consolidation in the short term.
- Positive inflows into Bitcoin ETFs, with nearly $500 million entering on Friday alone, may have contributed to the recent price breakout.
- Bitcoin faces a key resistance level around $68,000, and breaking this level could lead to a longer-term bullish trend and new all-time highs.
- The RSI indicator suggests limited room for upward movement in the short term, but once it cools down, there may be more potential for further price increases.
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Coinpedia
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Bitcoin, XRP, ETH Crypto Price Prediction for Next Week: Buy Alert!
- Bitcoin is expected to break above $69K and potentially surpass the $100K mark in 2024.
- Ethereum's price target for next week is $3,103, with a potential surge to beyond $5,000 in the long term.
- XRP crypto price aims to reach $0.73 in the short term, with a possibility of challenging the $1 mark.
- The overall crypto market is experiencing a bullish trend, leading to optimistic price predictions for Bitcoin, Ethereum, and XRP.
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Bitcoinist
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Crypto And Stocks Moving Together? Coinbase Research Unveils High Correlation
- The correlation between cryptocurrencies and stock markets has become remarkable, reaching about 50% as of September 2024.
- The relationship is influenced by global monetary easing initiatives, particularly the Federal Reserve's aggressive approach to interest rate reduction.
- Cryptocurrencies are becoming more sensitive to macroeconomic conditions as they mature, as evidenced by Ethereum's outperformance of Bitcoin during this period of increased correlation.
- Investors are exploring areas beyond Bitcoin and Ethereum, such as options and memecoins, in response to the changing dynamics and potential market circumstances.
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Newsbtc
1M
45
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Is Shiba Inu Ready For A New All-Time High Above $0.00008? Analyst Says Yes
- Shiba Inu (SHIB) is predicted to rally to new all-time highs above $0.00008 in the current bull cycle.
- The recent price increase from $0.00001 to $0.00002 suggests a potential parabolic rally in Q4 2024.
- A crypto analyst, known as 'SHIB Knight', believes that Shiba Inu is ready to surpass its previous peak and achieve a new all-time high.
- Shiba Inu has maintained strong momentum with significant price gains despite previous market declines.
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TheNewsCrypto
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BlockDAG Presale with 50% Bonus is Turning Heads Away from Bitcoin and Bittensor!
- The Bittensor (TAO) forecast suggests a promising rally as it nears a pivotal $400 resistance level.
- Bitcoin has seen a notable 2.6% increase in price following a U.S. Federal Reserve rate cut.
- BlockDAG's presale is thriving with a limited-time 50% bonus offer on purchases, boosting demand for BDAG coins.
- Financial experts indicate a 20,000x ROI is possible for early enthusiasts over time.
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Newsbtc
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Maker Price Heats Up, Soars 12% In A Week — Is $1,850 The Next Stop?
- The Maker (MKR) token has recorded a 12% price increase in the past week.
- Crypto analyst Ali Martinez predicts a potential bullish breakout for Maker.
- The inverse head-and-shoulders pattern suggests a 12% rally to reclaim $1,850.
- TD Sequential indicator also indicates a potential rally for Maker.
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Coinpedia
1M
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BlackRock’s Bitcoin Buying Continues, Major Rally Imminent?
- Asset management giant BlackRock has continued increasing its Bitcoin holdings, purchasing 1,684 BTC worth $110.7 million.
- BlackRock has acquired a total of 7,578 BTC worth $497.6 million in four days, bringing their total holdings to 365,310 BTC worth $24.04 billion.
- Bitcoin's price has remained unchanged over the last 24 hours, currently trading near $65,760.
- Expert technical analysis suggests a bullish outlook for Bitcoin, with a potential for the price to reach $68,000.
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Cryptonews
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Bitcoin Likely To Explode To Up to $100,000 Before the End of 2024, Says Michaël van de Poppe – Here’s Why
- Bitcoin may hit six figures before the year’s end.
- Fed rate cuts and increasing global liquidity are bullish catalysts for Bitcoin.
- Bitcoin's recent breakout puts it on track to take out its all-time high.
- Altcoins are expected to remain in an uptrend for the coming months.
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Cryptonews
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Hackers Plunder $2,000,000 Worth of Crypto From Liquid Restaking Protocol Bedrock
- Hackers exploit a vulnerability in the Bedrock liquid staking protocol, stealing $2 million worth of crypto assets.
- The exploit involves minting uniBTC and swapping it for wBTC in the Uniswap liquidity pools.
- The vulnerable contract was deployed across multiple chains, affecting approximately $2 million in liquidity.
- The hackers' wallet contains hundreds of Ethereum (ETH) obtained from Tornado Cash.
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Bitcoinist
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Bitcoin Correlation With S&P 500 Hits 2-Year High – What This Means For Investors
- The correlation between the price of Bitcoin and the S&P 500 has reached its highest point in over two years.
- Bitcoin has performed positively in September, with a growth of over 11%.
- The S&P 500 index has recovered strongly, with a 4% increase in September.
- There has been a notable surge in global liquidity, with an increase of $1.426 trillion in the past week.
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