bitcoin price – Page 58 – BitcoTasks BLOG

Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support

April 5, 2024

Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes,…

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Crypto Analyst Says Bitcoin Hitting $100,000 In 2024 Is Inevitable, Here’s Why

April 4, 2024

Bitcoin

current bearish sentiments around the flagship crypto. He made this statement while providing an in-depth analysis of Bitcoin’s current price action. Bitcoin To $100,000 Is “Inevitable” PlanB stated in a video on his YouTube channel that he believes Bitcoin hitting $100,000 this year is “inevitable.” Interestingly, he suggested that $100,000 is likely just the starting…

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Bitcoin: Will This “Dry Powder” and Historical Trends Fuel A Price Boom?

April 4, 2024

Bitcoin

While Bitcoin has dipped from its recent highs of around $74,000, some analysts are urging investors to stay calm and even see this as a buying opportunity. So far, Bitcoin prices have remained under pressure, trickling lower in the past trading week. Are There Similarities With The Bitcoin Bull Run Of 2020? Though the downward…

Bitcoin: Will This “Dry Powder” and Historical Trends Fuel A Price Boom? Read More »

Bitcoin Stuck Below $66,000: Are ETF Outflows Beyond Grayscale An Issue?

April 4, 2024

Bitcoin

On Tuesday, the crypto market was off guard when Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) experienced a significant outflow. This marked the first time since the introduction of spot Bitcoin ETFs in the United States that one of the “Newborn Nine” surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC). On April 2, ARKB…

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Bitcoin Price Could Struggle And Continue Lower – Here’s Why

April 4, 2024

Btc

Bitcoin price is struggling to recover above the $67,000 zone. BTC could gain bearish momentum if there is a close below the $64,500 level. Bitcoin is facing many hurdles near the $66,500 and $67,000 levels. The price is trading below $67,000 and the 100 hourly Simple moving average. There is a major bearish trend line…

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Bitcoin At Crossroads Ahead Of Halving: Will BTC Fall To $53,600?

April 3, 2024

Bitcoin News

Bitcoin prices are volatile, recently dropping from the peak of over $73,000 in March to the current spot levels. Analysts are turning to historical data for insights with mounting selling pressure and some investors being concerned about potential short-term losses. This historical analysis is crucial in determining whether we’ve reached a market top or if…

Bitcoin At Crossroads Ahead Of Halving: Will BTC Fall To $53,600? Read More »

Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000

April 3, 2024

Bitcoin

The Bitcoin price took a sharp downturn recently, dipping below $67,000 and raising concerns among investors. However, a crypto analyst has encouraged the crypto community to buy more Bitcoin at this time, suggesting that the decline presents an opportunity to acquire BTC at a lower price. Bitcoin Decline Signals Prime Buying Opportunity Michael van de…

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Bitcoin ETF Outflows Are Ramping Up Again, What Does This Mean For BTC Price?

April 3, 2024

Bitcoin

Bitcoin ETF outflows are on the rise once again after a change in the tide last week. These outflows, given the ETFs’ correlation with the Bitcoin price, have a substantial impact on how well the cryptocurrency performs over time. So, as outflows are ramping up, will it trigger a crash in the BTC price? ARK…

Bitcoin ETF Outflows Are Ramping Up Again, What Does This Mean For BTC Price? Read More »

Asia’s Bitcoin Volatility Linked To Algos Tracking ETF Flows

April 3, 2024

Bitcoin

Recent Bitcoin price volatility in Asia has been closely linked to automated trading algorithms that monitor flows in US exchange-traded funds (ETFs). According to Bloomberg, this algorithmic trading response to daily US ETF flow data is causing pronounced swings in Bitcoin prices during Asian trading hours. Trading Algos Spoil The Bitcoin Price The trigger for…

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Bitcoin Price Consolidates Losses But Recovery Could Face Hurdles

April 3, 2024

Btc

Bitcoin price extended its decline below the $65,000 support zone. BTC is now consolidating losses and might attempt a recovery wave toward $67,000. Bitcoin price declined further below the $65,500 and $65,000 levels. The price is trading below $67,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…

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Grayscale Drops Bombshell Report: Crypto Bull Run Progresses To ‘Middle’ Phase, Future Outlook Detailed

April 3, 2024

Cryptocurrency Market News

The cryptocurrency market has witnessed a significant surge after a prolonged bear market and the intensified crypto winter caused by the collapse of crypto exchanges and firms during 2022 and part of 2023. Notably, Bitcoin and other major cryptocurrencies have experienced substantial price surges, accompanied by renewed interest from institutional investors entering the market through…

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