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Bitcoin News – Page 28 – BitcoTasks BLOG
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Total Depletion Of German Bitcoin Reserves: Wallet Left With Zero BTC

Bitcoin News

In what is being hailed as a significant victory for the Bitcoin market, the German government has officially depleted its Bitcoin reserves after holding 50,000 BTC in its wallet just months ago. Bitcoin Wallet Now Empty After Massive Selling Spree Data from market intelligence firm Arkham shows that the German government recently transferred the remainder…

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Bitcoin Price Trajectory Remains Bearish, $49,000 Liquidity Zone Looms As Next Downside Target

Bitcoin News

The Bitcoin price has recently shown signs of recovery, climbing back to the $58,000 level after hitting a five-month low of $53,500. However, technical analysis suggests that the digital asset may struggle to surpass crucial indicators, potentially revisiting lower price levels.  In a recent post on social media platform X (formerly Twitter), market expert Jackis…

Bitcoin Price Trajectory Remains Bearish, $49,000 Liquidity Zone Looms As Next Downside Target Read More »

Institutions Grab Over $5 Billion Bitcoin in a Week: Are They Predicting a Mega Rally?

Bitcoin News

A recent analysis from CryptoQuant has revealed that institutional investors have shown a notable level of activity in the Bitcoin market, snapping up a substantial 100,000 BTC over just one week. Particularly, in the past month, these entities with wallets holding 1,000 to 10,000 BTC  have shown massive inflow levels that effectively match what was…

Institutions Grab Over $5 Billion Bitcoin in a Week: Are They Predicting a Mega Rally? Read More »

Crypto Analyst Predicts Bitcoin Decline From Here, But What Happens Next?

Bitcoin

The Bitcoin price has crashed back toward the $56,000 level after a brief pump triggered by the CPI data release on Thursday, showing that inflation rates came out at 3%, lower than expected. This bearish trend has continued despite desperate attempts from bulls to keep the price up. Even then, one crypto analyst does not…

Crypto Analyst Predicts Bitcoin Decline From Here, But What Happens Next? Read More »

Bitcoin Recovery Stalls As HODLers Apply Selling Pressure

Bitcoin News

On-chain data shows that Bitcoin long-term holders have potentially been selling recently, something that may explain BTC’s continued bearish momentum. Bitcoin Exchange Inflow CDD Has Registered Huge Spikes Recently As an analyst in a CryptoQuant Quicktake post explained, old cryptocurrency tokens have recently been deposited in large quantities in centralized exchanges. The on-chain metric of…

Bitcoin Recovery Stalls As HODLers Apply Selling Pressure Read More »

Is $73,000 The Top For Bitcoin? Analyst Identifies Where BTC Is In This Cycle

Bitcoin

In March, Bitcoin hit an all-time high above $73,000, sparking debates amongst market watchers and analysts about whether the cryptocurrency  has hit its top this cycle. However, a crypto analyst has provided an in-depth analysis of Bitcoin’s recent price movements and future outlook, suggesting that the pioneer cryptocurrency still has substantial upside momentum ahead.  Analyst…

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Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million

Bitcoin News

After a month-long period of increased selling pressure, the German government has nearly exhausted its Bitcoin treasury, selling over 90% of its BTC seized in January in the country’s largest Bitcoin seizure, worth over $2.1 billion.  With less than $300 million worth of BTC remaining, this signals the end of a significant sell-off period, with…

Germany Liquidates Over 90% Of Bitcoin Holdings, Retains Only $284 Million Read More »

Is a Bitcoin Breakout Looming? Options Markets Signal Imminent Volatility Surge

Bitcoin News

QCP Capital has recently released a new market analysis offering could move next. These fresh insights particularly focus on the options market. Market Anticipates Movement: Analyzing Bitcoin Options The latest report from QCP Capital has identified an interesting pattern in the Bitcoin options market, highlighting a rise in front-end volatility specific to BTC. This increase…

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Bitcoin Crash Forced Weak Hands Into Largest Loss-Taking Since 2022 Lows: Report

Bitcoin News

A new report from Glassnode has revealed that the Bitcoin short-term holders took part in the largest loss-taking event since 2022 in the recent crash. Bitcoin Short-Term Holders Have Realized Huge Losses Recently According to the latest weekly report from Glassnode, less than 1% of trading days in the cryptocurrency’s history have seen the short-term…

Bitcoin Crash Forced Weak Hands Into Largest Loss-Taking Since 2022 Lows: Report Read More »

Binance Bought A Whooping 41,000 BTC During The Dip: Did They Save The Bitcoin Market?

Bitcoin News

Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness. This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation…

Binance Bought A Whooping 41,000 BTC During The Dip: Did They Save The Bitcoin Market? Read More »

Bitcoin Falls Out Of Step With US Equities, What This Could Mean For The Crypto Market

Bitcoin

Recent data shows that Bitcoin has completely detached from US stocks. This is significant considering how the flagship crypto and these stocks had a positive correlation before now, which undoubtedly positively impacted Bitcoin and the broader crypto market. Bitcoin Has No Correlation With US Stocks Data from the market intelligence platform IntoTheBlock shows that Bitcoin’s…

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