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Bitcoin Crash Forced Weak Hands Into Largest Loss-Taking Since 2022 Lows: Report

Bitcoin News

A new report from Glassnode has revealed that the Bitcoin short-term holders took part in the largest loss-taking event since 2022 in the recent crash. Bitcoin Short-Term Holders Have Realized Huge Losses Recently According to the latest weekly report from Glassnode, less than 1% of trading days in the cryptocurrency’s history have seen the short-term…

Bitcoin Crash Forced Weak Hands Into Largest Loss-Taking Since 2022 Lows: Report 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…

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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 »

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…

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Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins?

Altcoin

A crypto analyst has predicted that altcoins to embark on a similar bullish trajectory to new highs.   Bitcoin Anticipated To Hit $100,000 In an X (formerly Twitter) post on June 8, a crypto analyst identified as ‘DonAlt,’ disclosed that he was more pessimistic on altcoins than Bitcoin, the world’s largest cryptocurrency. DonAlt believes that Bitcoin…

Crypto Analyst Says Bitcoin Could Reach $100,000, But What About Altcoins? Read More »

8 Reasons Why The Bitcoin Bear Phase Is Just A ‘Boogeyman’: Fund Manager

Bitcoin

While the Bitcoin price hasn’t reclaimed the crucial $60,000 level to reenter the previous 4-month trading range, Ikigai Asset Management Chief Investment Officer (CIO) Travis Kling thinks that the current bearish phase is not more than a “boogeyman.” Via X, Kling listed eight reasons to be bullish on Bitcoin. He stated: “NFA. I’m wrong often.…

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Bitcoin Loses Correlation With US Equities As Supply Challenges Mount

Bitcoin News

In recent months, the correlation between surging US equities and Bitcoin (BTC) has shown signs of collapse, as the cryptocurrency faces a combination of excess supply and weakened demand that has led to an over 20% price drop from June highs above $70,000 for the largest cryptocurrency on the market.  Bitcoin Correlation With Nasdaq 100…

Bitcoin Loses Correlation With US Equities As Supply Challenges Mount Read More »

83% Of All Bitcoin Holders Still In Profit Despite Drop Below $60,000

Bitcoin

Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major…

83% Of All Bitcoin Holders Still In Profit Despite Drop Below $60,000 Read More »

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