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Bitcoin News
Altcoinbuzz
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Token Unlocks: Sell Signals or Trading Opportunities?
- Token unlocks are part of each crypto project's journey and they tend to influence a token price negatively.
- Token unlocks can be found on various platforms like Messari, DeFiLlama, Token Unlocks, etc.
- A messari report on token unlocks suggests that the majority of the unlocking events were less than 2.5% of the circulating supply which usually hurt an asset's price.
- Market sentiment, new product launches and shift in narratives are some factors that can influence the price of a crypto asset during a token unlock event.
- Identifiable patterns can be observed in token unlock events. For instance, an unlock of at least 5% of the circulating supply tends to have a notable impact on an asset’s price development.
- Selling tokens before an unlock event and buying them back at a lower price after the unlock is an often-used tactic by traders.
- Expected large unlocks can have an unforeseen market reaction so predicting the best course of action before a token unlock event can be tough.
- Altcoins without monthly unlocks tend to perform better over the long term than tokens with big monthly unlocks.
- Token unlocks are a part of crypto sector and they can affect the price of crypto assets. However, it's hard to predict the best course of action before a token unlock event.
- The information discussed by Altcoin Buzz is not financial advice.
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24 Likes
Tokenhell
1M
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Bitcoin Pumps Above $63K, Prompts Liquidations Worth Over $74 Million
- Bitcoin has rallied 10.7% this week, trading at $63,657.
- Bitcoin's bullish move resulted in liquidations worth over $74 million and losses of nearly $79 million for short traders.
- The rally is attributed to the Fed's decision to reduce interest rates.
- All top ten cryptocurrencies, including BNB, Solana, Ethereum, and Dogecoin, are in the green.
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11 Likes
NullTX
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Image Credit: NullTX
Bitcoin Surges Amid Fed Rate Cut, Social Sentiment Signals Market Shifts
- Bitcoin surges following the U.S. Federal Reserve's rate cut.
- Social sentiment plays a major role in market shifts.
- Bitcoin whale accumulation slows down, but weekly net flow remains positive.
- Top traders on Binance are optimistic, but Bitcoin spot ETF sees outflow.
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22 Likes
Coinpedia
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Image Credit: Coinpedia
Bitcoin Price Analysis: Why September Could Be a Game-Changer!
- The Bitcoin market is expected to embrace a strong bullish uptrend soon.
- The OBV chart indicates that more people are buying BTC, suggesting a potential bullish momentum.
- September has historically been a favorable month for Bitcoin, boosting confidence in a potential uptrend.
- Experts believe the Bitcoin price may surpass the yearly peak of $73,000 in the fourth quarter.
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4 Likes
Altcoinbuzz
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Cardano Founder to Meet Argentina’s President
- Cardano founder, Charles Hoskinson, is set to meet Argentina's President during the Tech Forum Argentina on October 19th.
- Hoskinson aims to discuss the potential of blockchain technology in transforming Argentina's economy and political systems.
- He will explore the possibility of implementing a central bank digital currency (CBDC) to modernize the financial system.
- The meeting could open doors for new partnerships and investments, offering opportunities for economic growth in Argentina.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Why BlackRock Thinks Bitcoin is a Unique Diversifier for Investors
- BlackRock highlights Bitcoin as a unique diversifier with distinct characteristics, making it appealing for modern portfolios.
- Bitcoin's low correlation with traditional assets and global adoption drive institutional interest as a hedge against macro risks.
- BlackRock's in-depth report describes Bitcoin as a unique asset with characteristics that distinguish it from typical financial assets.
- Bitcoin's decentralization, capped quantity, and non-sovereign nature contribute to its appeal as a portfolio diversifier.
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24 Likes
Coinpedia
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Image Credit: Coinpedia
Bitcoin Crash Alert: Miner Sell-Off Sparks $16M BTC Transfer!
- Bitcoin price has been forming a midterm reversal pattern after reaching a high of $64,082.
- Satoshi-era Bitcoin miners transferred 250 BTC, worth $16 million, raising speculation of a potential sell-off.
- With a possible reversal pattern and a sell signal from the TD Sequential indicator, analysts suggest short-term traders take profits.
- Bitcoin's market has matured with the approval of spot Bitcoin ETFs, leading to increased liquidity and a bullish outlook.
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Coinjournal
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Image Credit: Coinjournal
Bitcoin wallets dormant for 15 years suddenly move BTC
- Bitcoin wallets dormant since 2009 suddenly moved 250 BTC to new wallet addresses.
- The wallets, known as 'Satoshi era' wallets, are miner addresses created during Bitcoin's early days.
- The 250 BTC is worth over $15 million.
- None of the new wallets have transferred the coins to a crypto exchange.
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15 Likes
Coinpedia
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Image Credit: Coinpedia
History Repeating: Here is Where the Bitcoin (BTC) Rally May Reach This Christmas
- Bitcoin is displaying strength as bulls aim to reclaim dominance and establish a strong upward trend.
- The price is approaching a crucial range that will determine Bitcoin's trajectory in the coming quarter.
- Recent moves in Bitcoin resemble previous rallies that led to significant bull runs.
- Analysts predict a potential bull run that could push the Bitcoin price towards $125K to $130K.
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Crypto-News-Flash
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366
Image Credit: Crypto-News-Flash
Government Bitcoin Rankings: Surprising Players Emerge in 2024
- The US holds the highest amount of Bitcoin with $12.16 billion, primarily from law enforcement seizures.
- The United Kingdom holds $3.67 billion worth of Bitcoin.
- Bhutan has $782.46 million in Bitcoin and actively participates in mining operations.
- Germany has dropped to zero Bitcoin holdings from $3.56 billion.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Germany’s DZ Bank to Offer Crypto Trading Through Boerse Stuttgart: Rollout Details Revealed
- Germany's DZ Bank is partnering with Boerse Stuttgart Digital to offer crypto trading and custody services.
- The strategic partnership aims to provide secure crypto access to retail customers.
- DZ Bank is expected to connect to the platform by the end of the year.
- Commerzbank also recently announced its plans to offer crypto trading services.
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18 Likes
Tokenhell
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Louisiana Government Says Residents Can Now Pay for State Services Using Crypto
- The government of Louisiana has announced that it is now accepting cryptocurrency payments for state services.
- Louisiana Treasurer John Fleming stated that they will accept USDC and Bitcoin as the two digital assets for payments.
- The government has partnered with local payment processing companies to integrate crypto into its system and plans to convert received crypto payments into US dollars to avoid price volatility.
- This move follows other US states like Ohio, Florida, and Colorado, which have already embraced cryptocurrencies for tax and state service payments.
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10 Likes
Blockonomi
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Image Credit: Blockonomi
$35 Trillion Question: Can Bitcoin Hedge Against U.S. Debt? BlackRock Thinks So
- BlackRock highlights bitcoin's potential as a hedge against economic uncertainty amidst $35 trillion U.S. debt.
- Federal Reserve's interest rate cut of 50 basis points causes bitcoin price to surge above $62,000.
- BlackRock's paper describes bitcoin as a "unique diversifier" against economic and political risk.
- BlackRock's iShares Bitcoin Trust becomes the world's largest bitcoin ETF.
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11 Likes
Altcoinbuzz
1M
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Play Solana Unveils Web3 Handheld Gaming Device
- Play Solana has unveiled a handheld gaming device powered by the Solana blockchain.
- The device allows players to experience Web3 gaming, where they truly own the items they collect and can earn digital rewards.
- Solana's fast and low-cost blockchain technology makes the device ideal for gaming.
- Play Solana has partnered with Magic Eden to allow users to mint their games as NFTs, adding collectible digital assets to the ecosystem.
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18 Likes
Coinpedia
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Image Credit: Coinpedia
Altseason Signals: Bitcoin Targets $73.6K, ETH Gains Momentum for Uptober
- Bitcoin marks a 24-hour high above $64,000 as the crypto market bounces back.
- Bitcoin ETF market experiences $158.3 million in total inflows, indicating positive sentiment.
- BTC price shows bullish momentum with a potential breakout above the 50% Fibonacci level.
- Ethereum gains momentum, surpasses local resistance and shows positive trend against Bitcoin.
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