Key Points: After BlackRock submitted an application for a Bitcoin ETF to the SEC, the price of Bitcoin (BTC) climbed slightly to $25,500. There is still uncertainty in the market. Concerns about the US economy and monetary policy persist among investors. It is claimed that BlackRock meticulously prepared for the SEC’s severe legal actions against…
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Key Points: Arthur Hayes is optimistic about the ongoing Bitcoin (BTC) bull market. Significant potential for cryptocurrency to soar to new heights despite the challenges that it faces right now. Bitcoin has a long history of volatility, with rapid price increases frequently occurring after periods of consolidation. In a recent tweet, Arthur Hayes, the co-founder…
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Key Points: Options trading volume increased by more than 400% as BTC and ETH experienced V-shaped reversals. The notable trading of 290,000 ETH block calls, worth $540 million and accounting for 57% of total volume, suggests a bearish outlook on the market. As market volatility and trading activities continue to shape market outlook, market participants…
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Bitcoin (BTC) Breaks $34,000 Thanks To Powerful Bullish Pattern Key Points: The bullish megaphone pattern is predicting that Bitcoin will continue to rise once it reaches $30,000 and beyond. Bitcoin is moving rapidly to exchanges from whales, indicating an upward trend. David Gokhshtein accepts Bitcoin will proceed with its vertical pattern toward $34,000, with a…
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Key Points: Due to the unstable financial situation and monetary policies, the cryptocurrency market shows signs of a slight decline. The concern that Deutsche Bank’s bankruptcy will spread to other banks receives feedback from investors. Shares fell 14% as a result of the financial services giant Deutsche Bank’s debt insurance costs skyrocketing to a four-year…
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Key Ideas The decision to increase interest rates by 0.25% has negatively impacted the cryptocurrency market. Although this rate is lower than anticipated, the Fed still intends to control inflation and reduce it from 6% to only 2% over the long term. The price of bitcoin dropped significantly from $28,800 to $26,700. The US Federal…
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BTC/USDC Surges to $50,000 Suddenly Key Ideas But only on the USDC trading pair, BTC unexpectedly crossed the $50,000 threshold. The stablecoin USDC from Circle is in danger of running out of liquidity, which is the explanation given for the aforementioned flash action. After announcing it might be able to recover $3.3 billion stuck…
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The last low came on August 5, 2019, when the number of linked addresses was 2,023, according to data from the blockchain analysis firm Glassnode on February 19, the number of whales owning more than 1,000 BTC (or the number of wallet addresses above) was 2,027. Each associated whale wallet address is holding more than…
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