Bitcoin miners could increase profitability and improve “bad balance sheets” by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck. Bitcoin miners have the opportunity to potentially generate around $13.9 billion in additional yearly revenue if they partially transition to providing energy to the artificial intelligence and high-performance computing…
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If Bitcoin follows the same pattern as previous election years, August will be “nothing crazy,” but a breakout may occur within a month or two, according to a crypto analyst. Bitcoin’s price chart is mirroring patterns seen in previous United States election years, and its recent lack of momentum could be significantly reversed, according to…
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Bitcoin trading volume and liquidity are being concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend. Bitcoin has become more susceptible to wild weekend volatility since the launch of spot Bitcoin exchange-traded funds, according to Kaiko Research. In an Aug. 12 report, Kaiko’s crypto analysts noted Bitcoin’s…
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Bitcoin still faces significant resistance at $62,000, and if it breaks, it could liquidate over $845 million of leveraged shorts. Crypto market analysts say the Bitcoin bear trap is officially over. Based on historical chart patterns, they are eyeing the next price breakout. Was the 25% Bitcoin price drawdown a bear trap? A bear trap is a form…
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Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through. The price of Bitcoin may hover around the $66,000 zone until September, and if so, will provide investors with ample opportunities to accumulate, according to a…
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BlockTower Capital CIO Ari Paul is prepared to “lay 10:1” against the possibility of the US creating a Bitcoin strategic reserve in the next four years. The idea of the United States government holding a Bitcoin strategic reserve may be “bullish” for its price, but it is unrealistic to actually come to fruition in the…
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Institutions are buying as Bitcoin dips under $60,000, strengthening the long-term bullish outlook for BTC’s price. Independent market analyst Arsen remains unfazed by the recent dip in Bitcoin’s price, predicting a monumental rebound to $330,000 in the current bull cycle. Smart money is accumulating Bitcoin Arsen argues that smart money — institutional investors, market experts and other…
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The Bitcoin price correction provided a strong opportunity for ETF investors to buy the dip. United States-based Spot Bitcoin exchange-traded funds (ETFs) experienced a surge in inflows on July 6, following Bitcoin’s price dropping below $54,000 just days earlier on July 4. According to Farside Investors, the spot Bitcoin ETFs saw their largest net inflows in a month,…
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The German government’s latest Bitcoin transfers could impact the market significantly, as it moves 3,000 BTC to various crypto exchanges and an unknown wallet. A crypto wallet linked to the German government transferred more than 3,000 Bitcoin worth over $172 million in parts to three crypto exchanges and a wallet. On July 4, blockchain investigator PeckShieldAlert…
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Around $222 million in long Bitcoin positions were liquidated in the past 24 hours, with the price of BTC hitting its lowest point since February. Bitcoin hit a four-month low of $53,499 on Coinbase as news of Mt. Gox’s latest cold wallet transfer hit the markets. Bitcoin (BTC) plummeted at around 4:19 am UTC on…
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