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German Government’s Bitcoin Dump Surpasses $195M As Selling Spree Persists

Bitcoin News

The German government has recently begun selling millions of dollars worth of Bitcoin (BTC) from a confiscated wallet, further contributing to the lack of catalysts for a price recovery in the cryptocurrency market.  The move comes as increased selling activity and unprecedented selling by long-term BTC whales have led to a sharp price correction, preventing…

German Government’s Bitcoin Dump Surpasses $195M As Selling Spree Persists Read More »

Bitcoin Analyst Claims BTC Consolidation Will Continue, Hedge Funds Throw In The Towel

Bitcoin

Bitcoin is trending lower at spot rates, sliding away from all-time highs. Looking at the performance in the daily chart, it looks like bears are stepping up, following the general inactivity in an overwhelmingly bearish trend. When writing, the coin is down 10% from March 2024 highs but steady. Will Bitcoin Consolidate For Two More…

Bitcoin Analyst Claims BTC Consolidation Will Continue, Hedge Funds Throw In The Towel Read More »

MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak

Bitcoin News

Bitcoin (BTC), the leading cryptocurrency, has regained momentum, bouncing off a weekly low of $64,000 to find support above $65,000, halting last week’s downtrend. This price recovery may be due to another significant investment round by business intelligence company MicroStrategy, led by Bitcoin bull Michael Saylor.  The company announced on Thursday the acquisition of an…

MicroStrategy Buys Additional 11,930 BTC, Fibonacci Analysis Hints At $160K Bitcoin Price Peak Read More »

It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst

Bitcoin

Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud…

It’s ‘Do Or Die’ For Bitcoin Price Soon, Says Analyst Read More »

Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles

Btc

Bitcoin price is consolidating above the $64,000 level. BTC could try to follow Ethereum and recover if it manages to clear the $65,650 resistance zone. Bitcoin started a minor recovery wave above the $65,000 level. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming…

Bitcoin Price Could Attempt to Recover Lost Ground But Faces Many Hurdles Read More »

Bitcoin Market Alert: German Government Agency Sends $425M Worth Of BTC To Exchanges

Bitcoin News

Bitcoin (BTC) recently plunged to a one-month low of $64,000, causing concern among bullish investors who now fear impending selling pressure and a potential retest of lower support levels.  Adding to these concerns, it has come to light that a wallet belonging to the German police has moved $425 million worth of BTC to cryptocurrency…

Bitcoin Market Alert: German Government Agency Sends $425M Worth Of BTC To Exchanges Read More »

Ikigai Founder Explains Why Bitcoin And Crypto Are ‘On The Verge Of Cannibalism’

Bitcoin

Travis Kling, Founder and Chief Investment Officer of Ikigai Asset Management, shared his insights on the current state of Bitcoin and the broader cryptocurrency ecosystem, which he described as following: “Bitcoin is ~10% off of ATHs and the timeline appears to be on the verge of cannibalism.” In a series of detailed posts on X,…

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Bitcoin Month-Long Rally Comes To An End: Price Plunges Below $65,000 – What’s Next For BTC?

Bitcoin News

Bitcoin (BTC), the largest cryptocurrency by market capitalization, experienced a significant decline on Tuesday, echoing the broader downtrend in the cryptocurrency market. Fueled by worries about the global economy and reduced summer liquidity, Bitcoin dropped below the $65,000 mark for the first time since May 16.  Notably, Ethereum (ETH) also faced a 4% loss, trading…

Bitcoin Month-Long Rally Comes To An End: Price Plunges Below $65,000 – What’s Next For BTC? Read More »

Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why

Bitcoin News

Bitcoin has been having a bad time recently, but this analyst isn’t too worried about it, based on the recent trend in an on-chain indicator. Bitcoin Unrealized Loss Has Been At Low Levels Recently In a new post on X, on-chain analyst Checkmate talked about how the latest price action of the cryptocurrency isn’t too…

Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why Read More »

Bitcoin Price Remains at Risk Despite Recent Moves, Indicators Turn Bearish

Btc

Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses. Bitcoin remained in a bearish zone and traded below $64,500. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a connecting trend…

Bitcoin Price Remains at Risk Despite Recent Moves, Indicators Turn Bearish Read More »

Hashdex Files For First-Ever Combined Ethereum And Bitcoin ETF

Bitcoin News

In a significant development within the cryptocurrency industry, asset manager Hashdex recently submitted an application to the US Securities and Exchange Commission (SEC) for a combined spot Ethereum and Bitcoin ETF.  Ethereum And Bitcoin ETF Merge?  Bloomberg ETF expert James Seyffart noted that Hashdex’s proposed ETF would be market cap-weighted and could potentially accommodate additional digital…

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