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Bitcoin – Page 31 – BitcoTasks BLOG
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More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap

Bitcoin News

After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them.  However, the leading cryptocurrency has quickly retraced over 3% in the past few hours,…

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3 Reasons Why Ethereum Is Struggling Today: Will ETH Break $2,000?

Ethereum

Even after the welcomed recovery on August 6, Ethereum is under immense selling pressure today, August 7. Despite gains earlier today, losses saw the coin edge lower, as visible in the daily chart. The daily chart rejected the coin at around the $3,500 resistance level. At this pace, Ethereum could continue plummeting if bears step…

3 Reasons Why Ethereum Is Struggling Today: Will ETH Break $2,000? Read More »

Imminent Death Cross Formation Emerges For Bitcoin – Time to Sell or Hold?

Bitcoin News

Bitcoin is currently witnessing a notable pattern on its chart. With the asset undergoing a bullish and bearish trend over the past month, Barchart, a financial market data provider, has revealed that BTC is facing an “Imminent Death Cross Formation.” This formation comes against Bitcoin’s recent significant dip on Monday when the asset lost thousands…

Imminent Death Cross Formation Emerges For Bitcoin – Time to Sell or Hold? Read More »

Ethereum On The Move: Dormant ETH Wallets Linked To $4 Billion Scam Awaken

Cryptocurrency Market News

On Wednesday, online reports unveiled that hundreds of Ethereum wallets that had been dormant for over 3 years were moving large amounts of ETH. The wallets were believed to have moved $2 billion worth of ETH linked to a $4 billion crypto scam. Investors worried that another massive dump would affect the market’s recovery. However,…

Ethereum On The Move: Dormant ETH Wallets Linked To $4 Billion Scam Awaken Read More »

Hidden Bitcoin Agenda? CryptoQuant CEO Weighs In On Ongoing Rise In BTC Accumulation

Bitcoin News

Over the past few days, Bitcoin (BTC) has seen a significant surge in whale accumulation. Ali highlighted that the “number of BTC addresses holding 100+ BTC increased from 15,913 to 16,006 during the recent correction. While this trend is noteworthy because it suggests whales bought the dip, Ki Young Ju, the CEO of CryptoQuant, an on-chain…

Hidden Bitcoin Agenda? CryptoQuant CEO Weighs In On Ongoing Rise In BTC Accumulation Read More »

MicroStrategy’s Michael Saylor Reveals Bitcoin Holdings Top $1 Billion

Bitcoin News

In a bold display of faith in the future of the largest cryptocurrency on the market, Bitcoin (BTC), MicroStrategy co-founder and executive chairman Michael Saylor has disclosed that he owns around $1 billion. Saylor’s Bitcoin Vision Unshaken In a recent interview with Bloomberg Television, Saylor disclosed that he has been steadily accumulating Bitcoin over the…

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Bitcoin Funding Rates Turn Negative: Shorts’ Turn To Get Squeezed?

Bitcoin News

Data shows the Bitcoin funding rates on exchanges have turned negative, a sign that the shorts have now become the dominant force in the market. Bitcoin Funding Rates Have Turned Negative After Market Crash As pointed out by an analyst in a CryptoQuant Quicktake funding rate” refers to a metric that keeps track of the…

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Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?

Bitcoin

Crypto analyst Altcoin Sherpa recently suggested that the Bitcoin bottom isn’t yet in and that the flagship crypto could still drop to new lows. Meanwhile, other crypto analysts like Mikybull Cypto have made a case for why the bottom is in and suggested that it is unlikely that Bitcoin will drop below $50,000 again.  Bitcoin…

Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again? Read More »

Arthur Hayes Reveals How To Trade Crypto Amid The ‘Dollar-Yen Death March’

Cryptocurrency Market News

In his latest essay “Spirited Away,” Arthur Hayes, the former CEO of BitMEX, dives into the complexities of the global financial markets, with a focus on the impending unwinding of the dollar-yen carry trade and its impact on the crypto market. Hayes begins by discussing the potential actions of the US Vice President Kamala Harris…

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Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says

Bitcoin

After Monday’s market crash, concerns about the stability of Bitcoin’s bull run have emerged. Yet, Ki Young Ju, founder and CEO of CryptoQuant, a leading blockchain analytics firm, maintains a positive outlook. He suggests that, despite the recent crash, on-chain data continues to support the notion that the bull market for Bitcoin remains intact. Bitcoin…

Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says Read More »

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