Bitcoin’s Bull Run: Echoes of the Past

Economic Cycles and Asset Performance Arthur Hayes, co-founder of BitMEX, draws parallels between the economic upheavals of the 1930s-1970s and today’s financial landscape. He categorizes these cycles into: Local Cycles: Focus on national protectionism and financial repression, leading to inflation. Global Cycles: Encourage global trade and investment, resulting in deflation. Bitcoin’s Emergence in a Local…

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Bitcoin Investors Bet Big on Market Bounce

Investors Place $500 Million Bids Below Current Price Bitcoin is off to a strong start this week, suggesting the recent correction may be over. On-chain data, price history, and strategic transactions all point to a positive July for the cryptocurrency. Despite short-term volatility, many investors remain optimistic about Bitcoin’s long-term prospects. One notable trend is…

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Bitcoin’s Weekend Trading Slumps

Trading Activity Takes a Nap Bitcoin, known for its 24/7 accessibility, has seen a dramatic decline in weekend trading volumes. According to Kaiko, these volumes have dropped from 28% in 2019 to a mere 16% in 2024. Institutional Influence This decline coincides with the launch of spot Bitcoin ETFs in the US, which can only…

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Bitcoin Surges Past $63,000: 3 Key Reasons

Over the weekend, Bitcoin (BTC) soared above $63,000, marking a 5.6% jump from its Friday low of $60,000. This unexpected rally sparked speculation about the underlying causes. Here are three key factors that may have contributed: Mysterious Whale Activity A mysterious “whale” has been making significant purchases in the Binance futures market, according to DeFi^2,…

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Bitcoin Liquidity Pools to Watch in July

Crypto analyst Zen has identified several liquidity pools that could influence Bitcoin’s price in July and beyond. Potential Downside Liquidity Pools $60,260 $59,440 $58,990 $56,850 If these pools are cleared, it could lead to a significant price drop, potentially down to $53,000. Potential Upside Liquidity Pools $61,540 $62,540 $63,260 $64,920 Clearing these pools could push…

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Bitcoin Consolidates, Says Bollinger

Current Situation Bitcoin has taken a hit, dropping 7% to $59,478 last week. It’s since tried to recover but has been stuck between $60,100 and $62,300. Bollinger’s Prediction John Bollinger, the creator of the Bollinger Bands, believes Bitcoin will continue to consolidate. He sees no clear direction after a price reversal at the lower Bollinger…

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