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Bitcoin – Page 56 – BitcoTasks BLOG
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Bitcoin Miners Slow Down Selling In July, What This Could Mean For Price

Bitcoin

On-chain data shows that selling pressure from Bitcoin miners has recently slowed down. This is significant considering the impact it could have on Bitcoin’s price heading into the third quarter of the year.  Bitcoin Miners’ Selling Pressure Has Significantly Declined Referencing data from the on-chain analytics platform CryptoQuant, crypto analyst Crypto Dan noted that selling…

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Matrixport Co-Founder Says Crypto Market Mirrors Early June: What This Means

Cryptocurrency Market News

In a recent commentary on X, Daniel Yan, co-founder of Matrixport and CIO at Kryptanium Capital, offered a detailed comparison between the current crypto market dynamics and those observed in early June. His insights are especially relevant as the market approaches several key economic releases that could significantly influence the trajectory of major cryptocurrencies like…

Matrixport Co-Founder Says Crypto Market Mirrors Early June: What This Means Read More »

Bitcoin Bull Run Tied To Economic Echoes Of The 1930s-1970: Arthur Hayes

Bitcoin

Arthur Hayes, the co-founder of crypto exchange BitMEX, has recently offered a comprehensive analysis in his latest essay, “Zoom Out,” drawing compelling parallels between the economic upheavals of the 1930s-1970s and today’s financial landscape, specifically focusing on the implications for the Bitcoin and crypto bull run. His in-depth examination suggests that historical economic patterns, when…

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Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level

Bitcoin

Bitcoin has been in a notable state of flux recently after recovering from the crash below $60,000 and establishing support above $61,000. However, with the pioneer cryptocurrency failing to completely beat important resistance points such as $63,500, bearish sentiment continues to dominate the market. Amid this, one crypto analyst has predicted that the Bitcoin crash…

Crypto Analyst Predicts 45% Drop For Bitcoin, But Says It Won’t Go Below This Level Read More »

Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says

Bitcoin News

A quant has explained how a rally could be possible for Bitcoin in this third quarter of 2024 as miner selling pressure has disappeared. Bitcoin Miners Appear To Have Stopped Their Selling In a CryptoQuant Quicktake post, an analyst has talked about how the selling pressure concerns from miners have resolved recently. There are two…

Bitcoin Q3 Rally Possible As Miner Selloff Finishes, Quant Says Read More »

Bitcoin Price Challenge: Can It Break Through and Resume Climbing?

Btc

Bitcoin price recovered and tested the $63,650 resistance zone. BTC is now consolidating gains and might make another attempt to surpass $63,650. Bitcoin started a decent increase above the $62,500 and $63,000 levels. The price is trading above $62,250 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with…

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Bitcoin Begins Month With A Rebound As Metaplanet’s BTC Investment Tops $10 Million

Bitcoin News

In a move indicative of growing corporate confidence in Bitcoin, Tokyo-listed Metaplanet has once again increased its BTC reserves, with a recent acquisition pushing its total holdings past the $10 million mark. This purchase coincides with Bitcoin’s positive start in July, as the cryptocurrency begins to recover recently lost gains. Currently, Bitcoin is trading above…

Bitcoin Begins Month With A Rebound As Metaplanet’s BTC Investment Tops $10 Million Read More »

Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why

Bitcoin News

In the financial market, historical trends often offer a glimpse into potential future outcomes and so far, July has historically been a strong month for both Bitcoin and Ethereum, and analysts are eyeing this pattern to predict another fruitful period. A Profitable July For Bitcoin And Ethereum According to seasoned market analysts from QCP Capital,…

Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why Read More »

Bitcoin Analyst Says Coin Overvalued: Why Is This BTC Chart Super Bullish?

Bitcoin News

Bitcoin is trending higher at spot rates, breaching $63,000 on June 30 before recoiling. Even though momentum is building, the action of the coin’s price is a source of debate. Still, some are doubtful, thinking there is reason for a possible overvaluation. Analyst: Bitcoin Is Overvalued, Here’s Why In a post on X, one analyst…

Bitcoin Analyst Says Coin Overvalued: Why Is This BTC Chart Super Bullish? Read More »

Mt. Gox’s Bitcoin Dump: How Will The $9 Billion Sell-Off Affect BTC’s Price?

Bitcoin News

Defunct Bitcoin exchange Mt. Gox has finally announced the final date to begin refunding Bitcoin and Bitcoin Cash (BCH) to affected customers, starting as early as this week.  This eagerly awaited announcement has raised concerns within the cryptocurrency community regarding the potential contribution of these customers to ongoing selling pressure in the Bitcoin market.  Experts…

Mt. Gox’s Bitcoin Dump: How Will The $9 Billion Sell-Off Affect BTC’s Price? Read More »

Bitcoin Investors Place $500 Million In Spot BTC Bids Below Market Price

Bitcoin

Bitcoin looks like it’s starting to kick off the week on the right foot, suggesting the end of the correction that lingered throughout June. While investors continue to ponder on Bitcoin’s price trajectory in July, on-chain data, price history, and strategic transactions point to a bullish July. Despite the short-term volatility, many investors remain bullish…

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