Bitcoin’s High Borrowing Rates Signal Potential Market Overheating

Leverage on the Rise The analytics firm IntoTheBlock warns that Bitcoin’s skyrocketing leverage levels could indicate an overheated crypto market. According to Lucas Outumuro, the firm’s research head, funding rates have hit their highest since 2021. Long Positions Dominate “Funding rates are abnormally high, suggesting a heavily skewed market towards long positions,” Outumuro explains. “This…

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Bitcoin’s Steep Drop: Liquidations Surge

Bitcoin Plunges Bitcoin has taken a hit, dropping to $65,000. This is a significant setback after its recent record highs. At the time of writing, Bitcoin is trading at $65,710, down 5.6% in the last 24 hours and 4.5% in the last week. Altcoins Suffer Too Bitcoin’s downturn has also affected altcoins. Ethereum (ETH) and…

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XRP Advocate John Deaton Pledges $500,000 for Senate Campaign

Deaton Challenges Senator Warren Prominent XRP advocate and lawyer John Deaton has pledged a whopping $500,000 to his Senate campaign against incumbent Massachusetts Senator Elizabeth Warren. Deaton, a Republican, is giving Warren her first serious challenger, setting the stage for a heated election centered around cryptocurrencies. Crypto Community Support Deaton’s announcement has sparked a wave…

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MicroStrategy Buys More Bitcoin Amid Price Dip

Expanding Portfolio MicroStrategy, an enterprise software company, has announced plans to purchase more Bitcoin (BTC) as the cryptocurrency’s price dips. The company intends to use the proceeds from a $525 million convertible note offering to acquire additional BTC. Dip in Price Bitcoin is currently trading at $69,921, down 5% from its all-time high of $73,580…

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Bitcoin to Hit $300,000 in 2024, Says Robert Kiyosaki

Robert Kiyosaki, author of the bestselling “Rich Dad Poor Dad” series, believes Bitcoin will reach a staggering $300,000 this year. Bitcoin’s Limited Supply Kiyosaki emphasizes Bitcoin’s limited supply of 21 million coins as a key factor in its potential growth. Unlike gold and silver, which can be mined in increasing quantities, Bitcoin’s supply is fixed….

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Solana Soars, Bitcoin and Sei Predictions

Solana (SOL) Crypto analyst Bluntz predicts further upside potential for Solana (SOL). SOL has risen 10x since September, breaking out of an ascending channel. The analyst believes SOL is outperforming Bitcoin (SOL/BTC) and Ethereum (SOL/ETH). Bitcoin (BTC) Bluntz uses Elliott Wave theory to forecast a move towards $80,000 for BTC. He suggests that BTC has…

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