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News – Page 265 – BitcoTasks BLOG
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Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million

Bitcoin

The recent unimpressive price action of Bitcoin is playing out in the minds of institutional investors, with recent data highlighting their bearish sentiment. This has led to a wave of massive outflows from  Bitcoin investment products, which could negatively impact the flagship crypto.  Bitcoin Investment Products Record $284 Million Of Outflows CoinShares revealed in a…

Bitcoin Suffers Massive Outflows Amid Crypto Market Uncertainty, Tops $284 Million Read More »

Cardano Update: ADA Faces Make-Or-Break Price Level For Bullish Revival

Cardano

The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the…

Cardano Update: ADA Faces Make-Or-Break Price Level For Bullish Revival Read More »

Is The PEPE Dream Over? Dissecting The Factors Behind The Meme Coin’s Price Tumble

Altcoin

The once-booming meme coin Pepe (PEPE) has hit a rough patch, experiencing a price drop of nearly 10% in the past 24 hours. This sudden downturn comes amidst a flurry of questions surrounding massive token withdrawals from a major exchange and the overall future of the meme-inspired cryptocurrency. PEPE Price Takes A Tumble Just a…

Is The PEPE Dream Over? Dissecting The Factors Behind The Meme Coin’s Price Tumble Read More »

Breaking Free: Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows

Cryptocurrency Market News

The price of XRP, the native token of Ripple, has been on a rollercoaster ride in recent years. After reaching a peak of nearly $2 in April 2021, it has been in a downward motion, leaving investors wondering if a comeback is on the horizon. However, a recent analysis by market analyst Jonathan Carter suggests…

Breaking Free: Analyst Eyes $1.68 Breakout For XRP After Years In The Shadows Read More »

Bitcoin Gets A ‘Monster’ Whale Boost With $1.2 Billion ETF Purchase

Bitcoin

Susquehanna International Group, a behemoth in asset management with a trading volume handling numerous financial products globally, has made a substantial investment in Bitcoin through various exchange-traded funds (ETFs). A disclosure to the Securities and Exchange Commission (SEC) on May 7 revealed that Susquehanna held approximately $1.2 billion in spot ETFs during the first quarter…

Bitcoin Gets A ‘Monster’ Whale Boost With $1.2 Billion ETF Purchase Read More »

DOT Price (Polkadot) Reaches Key Juncture, Is This Bulls Trap or Correction?

Dot

Polkadot (DOT) is correcting gains from the $7.5 resistance against the US Dollar. The price could start another increase if it stays above the $6.75 support. DOT gained pace and tested the $7.5 resistance level against the US Dollar. The price is trading above the $7.00 zone and the 100 simple moving average (4 hours).…

DOT Price (Polkadot) Reaches Key Juncture, Is This Bulls Trap or Correction? Read More »

Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto

Solana

In the wake of the November 2022 crypto market crash, which saw the bankruptcy and collapse of FTX and other firms, Solana (SOL) has emerged as a standout performer, experiencing a year-to-date price increase of over 560%.  With a market capitalization of $67 billion, Solana has secured its place as the fifth largest cryptocurrency, trailing…

Bitcoin ETF Issuer Franklin Templeton Bullish On Solana (SOL), Foresees It As 3rd Largest Crypto Read More »

Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics

Fantom

Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024.  According to a comprehensive performance analysis conducted by Messari, amid the emerging crypto bull market, Fantom has emerged as one of the major beneficiaries, showing significant growth in key metrics…

Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics Read More »

Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September

Bitcoin News

The crypto market is currently buzzing with anticipation as Bitcoin options traders position themselves for what they foresee as a “substantial price rally” in September. Particularly, the derivatives market is expressing confidence, with a significant number of traders betting on Bitcoin surpassing the $100,000 mark. Bitcoin Market Optimism Amidst Whale Movements Recent analysis from industry…

Bitcoin’s Bold Bet: Options Traders Eye $100K Surge By September Read More »

AI Tokens ‘Preparing For Round 2’: Industry Shows 8% Growth With RNDR And FET

Cryptocurrency Market News

Excluding Bitcoin, memecoins were the biggest narrative of this cycle. However, Artificial Intelligence (AI) tokens also performed remarkably during the first quarter of 2024. The crypto market recovered over the weekend from the May 1st retrace, with AI tokens showing significant gains. As a result, many industry experts think that the sector is poised for…

AI Tokens ‘Preparing For Round 2’: Industry Shows 8% Growth With RNDR And FET Read More »

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