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Bitcoin News
TheNewsCrypto
2w
225
Image Credit: TheNewsCrypto
Bitcoin Bulls Drive Price Near All-Time High Amid ETF Inflows
- Bitcoin's price nears its all-time high, driven by favorable U.S. election factors.
- BTC ETF inflows hit $868 million, with $640 million from BlackRock.
- Whale activity intensifies with significant BTC transfers, indicating bullish sentiment.
- Technical indicators suggest potential for new highs, but caution advised for short-term traders.
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TheNewsCrypto
2w
402
Image Credit: TheNewsCrypto
Florida’s CFO Advocates Bitcoin to Diversify State Pension Fund
- Florida's CFO, Jimmy Patronis, has proposed incorporating Bitcoin and other digital assets into the state's pension fund.
- Patronis suggests a Digital Currency Investment Pilot Program to diversify Florida's investment portfolio.
- Other states, like Wisconsin, Michigan, Arizona, Wyoming, and Nebraska, are also exploring digital assets for public funds.
- Patronis emphasizes the autonomy and financial benefits that decentralized currencies like Bitcoin could offer Floridians.
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24 Likes
Coinpedia
2w
259
Image Credit: Coinpedia
Why Is Crypto Market Surging: Bitcoin Racing Toward the New ATH?
- The global cryptocurrency market cap has risen by 1.44%, reaching $2.43 trillion.
- Bitcoin is approaching its all-time high (ATH) and experienced a 2.18% increase.
- Ethereum saw a more modest gain of 0.98%.
- Top gainers include Sui, Dogecoin, and Sei, while Kaspa recorded the steepest decline.
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15 Likes
Medium
2w
285
Image Credit: Medium
"Unlock Passive Income with XB Token: A Smart Investment for the Future"
- XB token offers passive income streams through a built-in reward mechanism.
- The token is backed by a solid foundation and focuses on long-term value.
- Entering the XB ecosystem now provides a promising phase of growth.
- XB aims to bring decentralized finance to everyday users with transparency and security.
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17 Likes
Coin Telegraph
2w
393
The US dollar doesn’t need to collapse for BTC to reach $200K — Bitwise exec
- Growing investment in “store-of-value” assets and continued fiat currency devaluation could propel the price of Bitcoin to six figures without the need for the US dollar to collapse, according to Bitwise chief investment officer Matt Hougan.
- Hougan believes that Bitcoin will establish itself as a new store-of-value asset and that governments will continue to devalue fiat currencies, leading to increased demand for hard assets like Bitcoin.
- He states that investing in Bitcoin is making two bets at once: the success of Bitcoin as a store-of-value asset and the continued abuse of fiat currencies by governments.
- Hougan predicts that if Bitcoin matures as a store-of-value asset and governments continue to debase their fiat currencies, its price could reach six figures, possibly $200,000.
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23 Likes
Coinpedia
2w
195
Image Credit: Coinpedia
Bitcoin Price Today Rallies Above $73k, Is $84k Within Reach?
- Bitcoin (BTC) price rallies above $73k, approaching last resistance level.
- Swing traders cautious of potential drop below $70k before rally towards $84k.
- MVRV ratio suggests bullish sentiment based on historical performance.
- Whale investors show increased demand for Bitcoin amidst rate cut expectations and decreased BTC supply on exchanges.
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11 Likes
Cryptonews
2w
103
Image Credit: Cryptonews
Bitcoin Could Hit $200K by Tapping Into Gold’s Market, Says Bitwise’s Hougan
- Matt Hougan, Chief Investment Officer (CIO) at Bitwise, believes that Bitcoin could reach $200,000 by capturing a portion of the gold market.
- Bitcoin has made significant progress and is held by major financial entities globally, indicating its resilience and potential for growth.
- Hougan predicts that Bitcoin could surpass half of gold's market cap, leading to substantial price increases.
- Even without market expansion, an increased share of the store-of-value market could propel Bitcoin to significant levels of growth.
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6 Likes
Cryptonews
2w
216
Image Credit: Cryptonews
Arthur Hayes Reveals How China Could Help Bitcoin Surge
- Founder of BitMEX, Arthur Hayes, believes that Chinese stimulus plans could lead to a surge in Bitcoin trading as Chinese investors seek a hedge against the devaluation of the yuan.
- Hayes asserts that Bitcoin trading is thriving in mainland China despite official bans, as investors use peer-to-peer methods to bypass restrictions.
- He suggests that the ban on BTC/CNY trading pairs is an attempt by the government to reduce the usefulness of Bitcoin as an indicator of currency devaluation.
- Hayes predicts that if China goes ahead with its stimulus plans, the value of the yuan will drop and wealthy Chinese investors will turn to Bitcoin as a safe haven.
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13 Likes
Bitcoinist
2w
186
Image Credit: Bitcoinist
Bhutan Govt Sells $66 Million In Bitcoin On Binance: Arkham
- The Royal Government of Bhutan has transferred approximately 929 Bitcoin (BTC), valued at around $66.16 million, to the crypto exchange Binance.
- The transfers occurred in two tranches: an initial 100 BTC (approximately $7.1 million) and an additional 839 BTC (about $59 million).
- Speculation arises regarding the rationale behind the transfer, with some suggesting it could be for liquidation, securing liquidity, or capitalizing on recent market gains.
- Bhutan, known for its green energy-based Bitcoin mining operations, ranks among the largest known nation-state holders of Bitcoin with 12,456 BTC, valued at approximately $886 million.
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11 Likes
Cryptonews
2w
376
Image Credit: Cryptonews
Taking Profits? Bhutan Gov Moves $66 Million BTC to Exchange, Arkham Reports
- The Royal Government of Bhutan, one of the largest sovereign holders of Bitcoin, transferred nearly 1,000 BTC to Binance, potentially indicating profit-taking.
- Bhutan still owns over AU $1 billion worth of Bitcoin despite the transfer.
- The motives behind Bhutan's deposit are unclear, but it could be a sign of selling a portion of their holdings.
- Bhutan, with its significant source of renewable energy, has mined Bitcoin themselves, suggesting a bullish stance.
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22 Likes
Newsbtc
2w
294
Image Credit: Newsbtc
Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?
- Bitcoin price and demand metrics suggest a potential resurgence in market interest.
- Bitcoin has reclaimed a trading level above $70,000 after a sustained period of resistance.
- Heightened demand reflected in stablecoin movements is contributing to the rally.
- If demand holds steady and aligns with favorable macroeconomic data, BTC could see a new all-time high.
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17 Likes
TronWeekly
2w
90
Image Credit: TronWeekly
Bitcoin Traders Brace for 20% Surge Amid Election Turmoil
- Bitcoin traders are bracing for a 20% surge as the U.S. election approaches.
- Over 47% of options are calls, indicating increased activity and volatility around the $80,000 strike price.
- Short-term volatility exceeds long-term trends, showing sensitivity to immediate political and economic events.
- Traders are seeking protection against unpredictable price swings and are actively hedging for election-driven movements.
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5 Likes
Bitcoinsensus
2w
738
Image Credit: Bitcoinsensus
Crypto.com Surpasses Coinbase in North American Trading
- Crypto.com has surpassed Coinbase in North American trading volumes, recording $134 billion in spot trading volume in September.
- The exchange's wide range of tokens and attractive offerings have attracted a large user base.
- Crypto.com's surge in trading volume is partly linked to the success of crypto ETFs and increased BTC trade sizes.
- The platform's extensive selection of tokens, including well-known coins like BTC and ETH, as well as niche tokens, contributes to its popularity.
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12 Likes
Insider
2w
556
Image Credit: Insider
Cash is no longer king. Here are 3 alternatives investors are trading it for, according to chief money managers.
- Investors face diminishing returns from cash alternatives as interest rates decline.
- Money market funds offered low-risk yields, but missed gains in the S&P 500.
- Treasuries, gold, and bitcoin emerge as alternatives amid dollar concerns and inflation pressures.
- Investors are advised to consider shorter-term Treasuries, investment-grade corporate bonds, gold, or bitcoin as alternatives to cash.
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Stackexchange
2w
272
Image Credit: Stackexchange
Help recovering funds: Wallet created with non-standard public key format (no 02/03/04 prefix)
- A Bitcoin wallet has been created with a non-standard public key format, lacking the standard 02/03 or 04 prefix.
- The owner can prove ownership but cannot create a valid transaction due to the format issue.
- Attempts to import to standard wallets or create raw transactions have failed.
- The owner is seeking a solution to create a valid transaction using this non-standard public key format.
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16 Likes
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