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Bitcoin – Page 71 – BitcoTasks BLOG
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Bitcoin ETFs Witness 18 Straight Days Of Inflows, Options Traders Eye $100,000

Bitcoin News

US spot Bitcoin ETFs have experienced a noteworthy streak of net inflows for 18 consecutive days, contributing to the upward momentum of the leading cryptocurrency as it inches closer to its all-time high levels set in March.  According to Bloomberg data, these ETFs, managed by some of the world’s largest financial institutions, have attracted net…

Bitcoin ETFs Witness 18 Straight Days Of Inflows, Options Traders Eye $100,000 Read More »

VC Lists 2 Reasons Why Bitcoin Is Still Trending Below $100,000

Bitcoin News

Bitcoin traders are upbeat, confident that bulls have more legs to push prices above $72,000 and all-time highs. While the excitement about what lies ahead is primarily due to the mass inflow into spot Bitcoin exchange-traded funds (ETFs), Charles Edwards, the founder of Capriole Investments, has picked out multiple factors capping the current uptrend to…

VC Lists 2 Reasons Why Bitcoin Is Still Trending Below $100,000 Read More »

Bitcoin Coinbase Premium Index Has Turned Positive At 0.006, Why This Is Important

Bitcoin

The Bitcoin recent foray into $70,000 price territory has again become a hot topic among investors, with many looking at a positive price outlook. As a result of this fascinating price action, the vast majority of long-term holders have seen their holdings cross into profit zone. Particularly, the positive outlook seems to be positive among…

Bitcoin Coinbase Premium Index Has Turned Positive At 0.006, Why This Is Important Read More »

Crypto On Watch: Will ECB Rate Cut Fuel Bitcoin Rally?

Cryptocurrency Market News

Bitcoin prices are set to surge following the European Central Bank’s (ECB) decision to initiate its first interest rate cut in five years yesterday. The unanimous vote by all 20 national representatives slashed rates by 0.25%, marking a significant shift in monetary policy for the Eurozone. Coupled with projections of slowing inflation and modest economic…

Crypto On Watch: Will ECB Rate Cut Fuel Bitcoin Rally? Read More »

Buy Now, Crypto Bull Market Returns, Says Arthur Hayes

Cryptocurrency Market News

In a new essay titled “Group of Fools,” Arthur Hayes, the outspoken co-founder of crypto exchange BitMEX, casts a critical eye over recent macroeconomic developments and their implications for the crypto market. Hayes, known for his direct and often provocative commentary, employs a blend of technical analysis, central banking critique, and currency market insights to…

Buy Now, Crypto Bull Market Returns, Says Arthur Hayes Read More »

Bitcoin Dips Again: Temporary Setback or Buying Opportunity?

Btc

Bitcoin price started a downside correction from the $71,650 resistance zone. BTC is now consolidating and might correct toward the $69,500 support. Bitcoin struggled above $71,500 and started a downside correction. The price is trading above $70,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with…

Bitcoin Dips Again: Temporary Setback or Buying Opportunity? Read More »

Bitcoin Price Surge To $71,000 Sends All Long-Term Holders Into Profit, What About Short-Term Holders?

Bitcoin

Bitcoin long-term holders are back in profit following the flagship crypto’s recent price surge. However, the same can’t be said for most short-term holders yet, given the levels at which they purchased their Bitcoin holdings.  Only 0.03% Of Long-term Bitcoin Holder Supply In Loss In a recent market report, on-chain analytics platform Glassnode claimed that…

Bitcoin Price Surge To $71,000 Sends All Long-Term Holders Into Profit, What About Short-Term Holders? Read More »

Bitcoin Approaching All-Time Highs: Why Is Retail Interest Rapidly Declining?

Bitcoin News

Bitcoin is in an uptrend and will likely breach the all-important liquidation line at $72,000. At the spot rate, the coin is up approximately 25% from May lows and may rally, even breaking all-time highs of $73,800. Retail Interest In Bitcoin Falling Even As Prices Approach All-Time Highs Even as Bitcoin prints impressive higher highs,…

Bitcoin Approaching All-Time Highs: Why Is Retail Interest Rapidly Declining? Read More »

Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump

Xrp News

In a stark contrast to the performance of the broader crypto market, XRP continues to face significant challenges, according to statements from pro-XRP lawyer Bill Morgan. Despite a discouraging decline in the value of the crypto asset relative to Bitcoin (BTC) and 88% of the top 100 cryptocurrencies, Morgan maintains a bullish outlook on the…

Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump Read More »

Beyond BTC: Crypto Miners Get Brainy, Embrace AI After Block Reward Whacking

Bitcoin

The winds of change are blowing through the crypto mining industry. The highly anticipated halving event in April 2024, which sliced block rewards in half, has sent shockwaves through the ecosystem. Daily revenue for miners has plummeted by over 70% since the halving, forcing them to scramble for new avenues to secure their bottom line.…

Beyond BTC: Crypto Miners Get Brainy, Embrace AI After Block Reward Whacking Read More »

Altcoins: Analyzing Key Signs For A Potential Boom – Or Bust

Cryptocurrency Market News

Altcoins are generating significant buzz among cryptocurrency watchers, as rumors of a potential Bitcoin breakout circulate. After weeks of sluggish trading, a recent surge of capital has revitalized the king of coins. This raises a pressing question: will altcoins ride the wave, or are they doomed to be left behind? Whispers Of A Bitcoin Bonanza…

Altcoins: Analyzing Key Signs For A Potential Boom – Or Bust Read More »

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