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Bitcoin – Page 48 – BitcoTasks BLOG
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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…

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

Bitcoin Price Falls Once More: Are Bears Poised for Another Drop?

Btc

Bitcoin price started another decline from the $59,500 level. BTC is moving lower, and the bears could gain strength below the $56,000 support. Bitcoin started another decline from the $59,500 resistance zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance at…

Bitcoin Price Falls Once More: Are Bears Poised for Another Drop? 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…

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

Bitcoin Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach?

Bitcoin

Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its…

Bitcoin Bullish Momentum Above Bearish Trendline: Is $60,152 Mark Within Reach? Read More »

Economist Predicts 90% Chance Bitcoin Hits New High By March 2025

Bitcoin

In a forecast issued via X on Friday, Timothy Peterson, a respected network economist and prominent author in the field of crypto analytics, predicted a near-certain rise of the Bitcoin price in the upcoming 8 months. “There’s a 90% chance Bitcoin will reach a new ATH before March 2025,” Peterson proclaimed. Peterson, known for his…

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German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind

Bitcoin News

In recent weeks, German authorities have stepped up the sale of significant amounts of Bitcoin (BTC), resulting in increased selling pressure on the world’s largest cryptocurrency, which has fallen over 20% in the past month.  Bitcoin Reserves On The Brink Of Exhaustion The selling spree began last month when the German government initiated the sale…

German Government Unloads 80% Of Bitcoin Holdings, Leaving Only $890M Behind Read More »

Bitcoin Forms Double Top Pattern On 4-Hour Chart, Analyst Reveals Targets

Btc

The Bitcoin recovery has not been as impactful as expected, failing to break $60,000 even after a return of bullish momentum. Given this, expectations of a bearish reversal have become the norm as analysts do not believe that the pioneer cryptocurrency has enough steam to sustain the current momentum. One of the analysts who believe…

Bitcoin Forms Double Top Pattern On 4-Hour Chart, Analyst Reveals Targets Read More »

Goldman Sachs Embraces Crypto With Three New Initiatives In The Pipeline

Cryptocurrency Market News

To capitalize on the growing interest in the crypto industry, banking giant Goldman Sachs is preparing to enter the tokenization sector, with three offerings expected to launch later this year.  Goldman Sachs Aims To Capitalize On Tokenization Trend According to a Fortune report, Mathew McDermott, Global Head of Digital Assets at Goldman Sachs, revealed the…

Goldman Sachs Embraces Crypto With Three New Initiatives In The Pipeline Read More »

Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40%

Cryptocurrency Market News

Canadian rapper Drake lost another Bitcoin bet after Argentina beat Canada 2-0 in the Copa America semifinals. The Argentine Football Association (AFA) fan token soared over 40% following the victory. Bitcoin Bet Lost: Did The ‘Drake Curse’ Do It Again? On Monday, Drake shared on Instagram that he had bet against the Argentina National Football…

Drake Loses Bitcoin Bet Following Canada’s Copa America Exit, ARG Fan Token Soars 40% Read More »

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