Several Bitcoin price analysts see BTC trading between $100,000 and $200,000 just before and after Trump’s inauguration. Bitcoin is in price discovery, hitting a record high of $76,990 on Bitstamp just days after Donald Trump emerged victorious in the United States presidential election. Several analysts predict further Bitcoin highs as market participants anticipate a more crypto-friendly business…
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Bitcoin is inches from the most rapid gains in its latest bull market, BTC price analysis concludes. Bitcoin will confirm its “parabolic phase” if BTC/USD delivers a weekly close above $71,500. That is according to the popular trader and analyst Rekt Capital, who, in one of his latest X posts, called time on BTC price consolidation. BTC…
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Stablecoins are now primarily used to store value in countries with rapidly depreciating fiat currencies or prohibitive capital controls. As Bitcoin hovers around the $70,000 price level, investors and analysts debate the specific catalysts that will send markets higher. CryptoQuant founder and CEO Ki Young Ju recently explained that while stablecoin supply continues to grow,…
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Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish. Bitcoin’s price momentum has cooled since the Oct. 29 rally toward the all-time high, but the derivatives market continues to project traders’ optimism in a price recovery. The analysis of Bitcoin futures and options markets suggests…
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Bitcoin price is down 6.5% from its recent local high, and market analysts expect BTC to bottom in the $65,000 to $69,000 range. Bitcoin price has declined by more than 6% over the last three days after rallying above $73,000 at the beginning of the week. Data fromCoinbase shows that the BTC price fell from a…
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Russia’s plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically. Russia’s plans to construct Bitcoin mining and AI computing facilities in BRICS nations could inspire other nations to tap into state-owned resources to mine Bitcoin, says an industry analyst. “Game theory is now in motion,” Nico…
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Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said. Share prices of Bitcoin miners soared as high as 24.4% on Oct. 28 as Bitcoin rallied over $70,000 — with an analyst pointing to an increasingly favorable macroeconomic climate and miners’ continued diversification into AI.…
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Bitfinex analysts say Bitcoin could reach a new all-time high following the US election, with market conditions forming a “perfect storm” for a major price push. Donald Trump’s chances of winning the presidential election, combined with historically bullish market conditions could be the “perfect storm” of price action that could push Bitcoin to a new…
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Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC. On Oct. 24, a filing by Microsoft Corp. (MSFT) with the United States Securities and Exchange Commission (SEC) revealed an unexpected item on the agenda for its upcoming annual shareholder meeting on…
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According to the paper, central banks collectively hold $2.2 trillion in gold as of Q1 2024 and continue to expand their gold allocations. A recent paper from the Bitcoin Policy Institute titled The Case for Bitcoin as a Reserve Asset argued that central banks should adopt Bitcoin as a reserve asset to hedge against rising inflation, geopolitical…
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