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Bitcoin (BTC) Price Predictions: Big Bull Run or a Depressing Bear Market Ahead?

TL;DR Bitcoin shows signs of a potential rally, with some analysts predicting a jump to a new all-time high. Conversely, increased exchange inflows suggest possible short-term selling pressure. Good News for the Bulls? Bitcoin’s price witnessed enhanced ups and downs in the past week, ranging from $56,000 to over $60,500. Currently, it trades at around $59,200, representing a 1% increase on a daily scale. BTC Price, Source: CoinGeckoDespite its wobbly performance lately,...

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Important Deadline for Pi Network Users: Here’s What You Need to Know

TL;DR Pi Network set a deadline of September 30, 2024, for users to complete KYC verification and for miners to deposit their NFTs on PiBridge. The Pi Core Team plans to reveal the mainnet open roadmap in December 2024, aiming to enable official token transactions. Closing Time in Less Than Two Weeks Pi Network is a cryptocurrency project whose goal is to allow users to mine and earn digital assets on their mobile devices. Not long ago, it celebrated 2,000 days since its...

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All These Central Banks May Cut Rates Soon: Bitcoin (BTC) Price to $100K?

Typically, a greater flow of new dollars to target lower interest rates inflates the prices of equities and fixed-income bonds. Since the advent of cryptocurrencies, financial markets have found that this new asset class is especially responsive to interest rates and bears an inverse correlation to them. Correlation Spotted: Bitcoin and Interest Rates A recent report from the Fidelity Active Investor Learning Center notes, “While central banks do not control cryptocurrencies,...

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Bitcoin (BTC) Soared to 3-Week Peak Above $61K Ahead of FOMC Meeting

Bitcoin dumped hard on Monday but the bulls are back in control now as they propelled a massive rally that resulted in BTC tapping a 3-week peak above $61,000. This comes at a particularly intriguing time as the US Federal Reserve is expected to cut the key interest rates tomorrow or the next day for the first time in years. Bitcoin/Price/Chart 17.09.2024. Source: TradingViewThe last time BTC traded this high was in the middle of August, when its price plummeted from over...

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This Key Dogecoin Metric Hit 3-Month High as Analysts Expect Big 2025 for DOGE’s Price

Dogecoin’s price movements in the past month or so have been quite underwhelming as the asset struggles to break through the $0.10 resistance. However, that could soon change as the interest in its network has picked up while many analysts on X envision a rally in the making. Rising Number of Transactions The number of transactions on a certain blockchain depicts the overall interest and usage and hints at investors’ behavior regarding the network and its native token. For...

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