Bitcoin

Recent data from crypto analytics firm Glassnode has revealed that the amount of Bitcoin held on Coinbase has reached a 9-year low. This significant decrease in Bitcoin balance on the popular exchange signals a shift in investor behavior towards holding onto their assets for the long term rather than engaging in short-term trading. With only
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Bitcoin, the leading cryptocurrency asset, has been showing significant momentum lately, with a rise above $70,000 after a recent downward trend. Rekt Capital, a well-known cryptocurrency expert, has drawn attention to a pattern that resembles the pre-halving retrace that occurred in 2020 before Bitcoin surged to its previous all-time high. Despite the uncertainty in the
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The current state of the spot Bitcoin ETF market is rather gloomy, with a decline in Bitcoin’s price leading to negative netflows in these ETFs over the last four trading sessions. Grayscale’s GBTC outflows are at large levels, and there are record low inflows for other ETFs such as BlackRock’s IBIT and Fidelity’s FBTC. This
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Recent reports from analysts at JPMorgan have cast a shadow of doubt over the optimistic expectations many had for Bitcoin following the Halving event. Despite initial enthusiasm, the analysts have warned that a storm may still be brewing for the flagship cryptocurrency. They point to various signals that indicate a potential further downturn in Bitcoin’s
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The recent surge in Bitcoin’s value, surpassing the $67,000 mark, triggered a chain reaction in the crypto market, resulting in approximately $300 million in liquidations. Traders who had bet on the market’s decline found themselves caught off guard by this sudden reversal in Bitcoin’s trajectory. Data from Coinglass revealed that within a 24-hour period, a
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