Bitcoin printed a new all-time high, then dropped by over $2,000 as traders considered where the next BTC price bounce zone could be. Key points: Bitcoin begins a retracement after hitting new all-time highs above $125,000. Sunday trading produces BTC price volatility as traders eye potential bounce levels. Institutions are on the radar as Bitcoin…
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Creating a national Bitcoin reserve could prove disastrous for markets, as it would signal an immediate shift in the global financial order. Establishing a national Bitcoin strategic reserve may create negative market impacts for BTC and the US dollar, according to Haider Rafique, global managing partner for government and investor relations at crypto exchange OKX. Rafique…
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A CoinGecko survey published on Monday found that 10% of respondents have never bought Bitcoin, and only 54% of newcomers started with it in their stash. A recent survey from data aggregator CoinGecko found that only 55% of new crypto owners started with Bitcoin in their portfolio, which analysts say is a sign of a…
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Bitcoin dropped to under $109,000 as long-term holders realized 3.4 million Bitcoin profits and ETF inflows slowed, signalling potential cycle exhaustion. Bitcoin could be headed for a deeper correction as cumulative realized long-term holder profit taking has now reached levels seen in previous market cycle tops, according to onchain analysis Long-term holders realized 3.4 million…
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Shares in GD Culture fell 28% after the livestreaming company made a deal to swap tens of millions of its shares to acquire 7,500 Bitcoin from Pallas Capital. Shares in the livestreaming and e-commerce company GD Culture Group fell 28% on Tuesday after announcing a share deal to acquire all the assets from Pallas Capital…
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A widely used Bitcoin technical analysis indicator suggested that BTC is on the verge of an “explosive price expansion” toward new all-time highs. Key takeaways: Bitcoin’s Bollinger Bands indicator reached a critical turning point for bulls. Bitcoin’s cup-and-handle pattern targets $300,000, backed by multiple tailwinds. A Bitcoin indicator used by traders to assess volatility has…
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Bitcoin traders have been buying all the dips but BTC is still stuck in a downtrend. Here’s why. Key takeaways: Retail traders are aggressively buying BTC price dips in spot and futures markets, but net selling from larger order investors is preventing a robust price recovery. Risk of another liquidation cascade to $105,000 seems less…
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Analyst James Check argued Bitcoin has seen three market cycles driven by adoption trends rather than halving events as widely believed. Bitcoin’s market cycles are not anchored around its halving events as widely believed, according to analyst James Check, who says other factors drive bull and bear cycles. “In my opinion, Bitcoin has experienced three…
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Bitcoin plunged to seven-week lows below $109,000 briefly, erasing all gains since the Fed Chair’s Jackson Hole speech on Friday. Around 200,000 traders have been liquidated to the tune of more than $900 million over the past 24 hours as Bitcoin fell to a seven-week low — decimating its gains after the Federal Reserve chair…
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Bitcoin dives to multi-week lows, and as talk of all-time highs vanishes, BTC price targets include a retest of $100,000 and under. Bitcoin starts the last week of August far from all-time highs as traders become increasingly nervous. A huge long liquidation event brought $110,000 back into play as a new CME gap becomes a hope…
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