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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A report from Bitfinex suggests that miners are either selling Bitcoin holdings or leveraging coins to raise capital. The launch of Bitcoin exchange-traded funds (ETFs) in the United States has directly influenced miners’ BTC reserves, with more than $1 billion of BTC flowing from miner wallets to exchanges in the first 48 hours of trading.…
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MicroStrategy snapped up another 850 Bitcoin in January, increasing its total BTC holdings to a value of $8.1 billion. MicroStrategy, the largest publicly traded holder of Bitcoin , says it acquired an additional 850 BTC in January bringing its total holdings to 190,000 BTC — worth $8.1 billion. In its Q4 2023 Feb. 6 earnings call, the…
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The ARK Invest CEO expects that trend to continue now that investors can trade Bitcoin in a more accessible way through spot Bitcoin ETFs. Investors are started to move from gold to Bitcoin (BTC) after the launch of spot Bitcoin exchange-traded funds (ETFs), according to the CEO of ARK Invest. “Relative to gold, Bitcoin has…
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