BTC futures open interest approaches a record high and today’s sharp sell-off triggered alarm from traders. Bitcoin took a shot at $53,000 on Feb. 20, briefly surpassing $52,900 before correcting as the result of $50 million in leveraged long liquidations. Nevertheless, even with a drop to $50,750, Bitcoin futures open interest remains at $23.7 billion, which…
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Key Points MicroStrategy’s profits were reported at $3.5 billion, emphasizing the potential of crypto investments. The Federal Reserve Chairman called for a legal framework for stablecoin amid crypto market expansion. Bitcoin is reaching new all-time highs after 2 years, partly due to the forthcoming ‘halving’ event and Bitcoin ETFs. Get an in-depth look at crypto’s…
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Bitcoin could face headwinds at $52,000, but BNB, KAS, VET, and RNDR may continue to move higher. Inflows into the spot Bitcoin exchange-traded funds (ETFs) topped $2.2 billion between Feb. 12 and Feb. 16, indicating a strong investor appetite. Bloomberg analyst Eric Balchunas said in a X post that BlackRock’s iShares Bitcoin Trust (IBIT) has attracted year-to-date…
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Bitcoin price might fail to top $70,000 before the April 2024 supply halving, but the longer-term projection looks positive. For investors, turning bullish on Bitcoin is tempting, especially after a 91% rally to $52,000 in just four months ending on Feb. 15. Bitcoin’s current $1 trillion valuation places it among the world’s top 10 tradable…
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Bitcoin last traded above $50,000 in December 2021 — more than two years ago. The crypto market looks very different this time around. Bitcoin ’s surge to $50,000 on Monday comes at a time of souped-up institutional demand, a possible pivot in interest rates, and incoming scarcity from the Bitcoin halving — a stark contrast…
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A market indicator is flashing that Bitcoin is now firmly in a “high risk” zone — a sign it could be in the early stages of a bull market, says Glassnode. On-chain indicators assessing Bitcoin’BTC) value have entered a “high-risk” zone and could mean the cryptocurrency is in the initial stages of a bull market,…
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Argentines are using secret peer-to-peer crypto exchanges to buy U.S. dollar stablecoins as inflation continues to soar. Argentines are using black market exchanges, known locally as “crypto caves,” to buy U.S. dollar stablecoins in a bid to escape strict currency controls and triple-digit inflation of the Argentine peso (ARS), and are reportedly shunning Bitcoin due…
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Key Points: Bitcoin halving, approaching with less than 10,000 blocks left, may impact prices. Scarcity increases as over 19 million of the 21 million Bitcoins have been mined. Attention shifts to halving’s historical price impact amid the limited influence of Bitcoin ETFs. As Bitcoin ETFs fail to attract a surge of new capital to the…
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The nine spot Bitcoin ETFs reached a significant milestone of $10 billion in assets under management on Feb. 9. The recently launched spot Bitcoin exchange-traded funds (ETFs) completed their first 20 trading sessions hitting the $10 billion milestone in assets under management (AUM). According to data from BitMEX Research, net flows for the nine ETFs…
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Bitcoin bulls are chasing a new year-to-date high. Godleak explains what is behind the BTC price move. Bitcoin price is up 6.28% over the last 24 hours and hit an intraday high at $48,200 on Feb. 9. Technical indicators, rallying spot Bitcoin exchange-traded fund (ETF) shares and on-chain data show that Bitcoin has the strength…
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