Bitcoin: Undefeatable or Just Lucky?

Tether’s CEO, Paolo Ardoino, recently declared Bitcoin “undefeatable” on X (formerly Twitter). This bold statement comes at a time of market uncertainty and downward pressure on cryptocurrencies. Let’s dive into the details. Tether’s Big Bitcoin Bet Tether, a major stablecoin issuer, has significantly increased its Bitcoin holdings to almost 80,000 BTC – that’s over $9…

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Bitcoin’s Price: A Dip Before the Rocket?

Bitcoin’s recent price drop has left some gaps that could predict its next move. A crypto analyst, TehThomas, suggests a wild ride is ahead. Two Key Gaps to Fill According to TehThomas, two “Fair Value Gaps” (FVGs) need to be filled before Bitcoin can really take off. These gaps represent areas where the price hasn’t…

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Bitcoin’s Bullish Run: Could We See $123,000 in August?

Bitcoin is showing strength, currently trading around $115,000. It’s holding key support levels, suggesting a continued bullish trend. Big institutional money is pouring in, making a run to $123,000 and beyond a real possibility. Institutional Investors Pile Into Bitcoin Several major players are boosting Bitcoin’s price. Satsuma Technology, a British firm, just invested a whopping…

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Bhutan’s Bitcoin Move: Is a Sell-Off Coming?

Bitcoin’s been a bit shaky lately. After a long period of staying around its all-time high, things have gotten less certain. Selling is up, and trading volume is down, leading some experts to think a bigger price drop might be on the way. Bhutan’s Big Bitcoin Move Adding to the uncertainty, investigators found that Bhutan’s…

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Is the SEC Getting Crypto-Friendly? The Stablecoin Shift

The US Securities and Exchange Commission (SEC) is making some moves that suggest a more welcoming stance towards crypto, particularly stablecoins. This could be a big boost for the crypto market. Stablecoins: Now Considered Cash? The SEC recently released guidance suggesting that certain stablecoins might be treated as cash equivalents. This applies to stablecoins backed…

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