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Bitcoin’s been on a bit of a rollercoaster lately. After hitting a record high of $124,427 on August 14th, it’s dropped about 12% in the past couple of weeks, hovering around $109,000. Is this just a temporary dip, or is something bigger brewing? A Crucial Support Level Analyst Yonsei_dent has pinpointed a key support level…
Bitcoin’s price has been a rollercoaster lately. After hitting a record high above $124,000 in August, it’s taken a bit of a dive. The Price Drop By the end of August, Bitcoin slumped to a six-week low of around $107,500. This drop reflects a broader bearish market sentiment. While things have calmed down a bit,…
Bitcoin’s price is up slightly today (about 1.5%), hanging around $109,000. But don’t get too excited. Experts are saying it might drop further before any serious rebound. Bitcoin Needs a Bigger Drop for a Real Bounce Back A market analyst looked at data from CryptoQuant, a blockchain analytics firm. They found that Bitcoin traders’ profit/loss…
Bitcoin recently took a dip, leaving some investors worried. But a massive $163 million Bitcoin purchase suggests things might be looking up. Let’s dive into what’s happening. A New Bitcoin Whale Emerges A new Bitcoin whale just appeared, buying a whopping 1,506 BTC (worth $163.5 million!) from Galaxy Digital. This huge purchase indicates strong institutional…
A Bold Prediction Crypto analyst Luke Broyles thinks Bitcoin could easily hit $5 million, or even $10 million, and people would still doubt its potential. He recently stated on the Coin Stories podcast that even at those astronomical prices, skeptics will claim it can’t go higher. This skepticism, he argues, has been a constant since…
Ethereum exchange-traded funds (ETFs) in the US have been incredibly popular lately, performing exceptionally well. But the party might be over (at least for a bit). A Billion-Dollar Week, Then a Friday Fallout Last week was huge for Ethereum ETFs, raking in over $1.08 billion in total. That’s a massive turnaround from the previous week’s…
A Dutch company, Amdax, is making a big splash in the world of Bitcoin. They’ve just launched a new company, AMBTS, with a massive goal: to own 1% of all the Bitcoin that will ever exist – that’s roughly 210,000 Bitcoin! A $23 Million Gamble for Bitcoin Dominance AMBTS secured a hefty $23 million in…
El Salvador recently took a proactive step to protect its Bitcoin holdings from potential future threats. This involved a significant shift in how they manage their national Bitcoin reserve. Moving Millions to Multiple Wallets The country moved its 6,274 Bitcoin (about $678 million) from a single wallet into 14 separate wallets. Each new wallet holds…
Bitcoin exchange-traded funds (ETFs) are experiencing explosive growth, quickly closing in on gold ETFs in terms of total assets under management (AUM). This shift signifies a major turning point for the cryptocurrency market. Bitcoin ETFs’ Meteoric Rise In just the past year, the AUM of major Bitcoin ETFs has doubled to a whopping $150 billion….
A big investment firm, Amplify (managing $12.6 billion!), just filed paperwork for a new XRP ETF. Instead of directly buying XRP, this ETF uses a smart strategy. How it Works: Options and ETFs The ETF will mostly (at least 80%) invest in things that move with XRP’s price. Think XRP ETFs and options contracts on…
