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Tag Archives: Bitcoin News

Bitcoin Price Attempts Further Bullish Recovery Catalyzed by Rising Stablecoins Supply on Crypto Exchanges

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Arthur Hayes Predicts Bitcoin to Reach $100K by 2024

Arthur Hayes, the co-founder of Bitmex, has made bold predictions about the future of Bitcoin. He believes that Bitcoin could reach $100,000 by the end of 2024 and potentially soar to $1 million by 2025. Hayes attributes this anticipated surge to the U.S. Treasury’s actions, particularly their liquidity injections into the economy. In a recent blog post, Hayes noted that the moves that are expected from Yellen, the U.S. treasurer, would affect most markets, including Bitcoin. He stated that...

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Bitcoin’s Price Fell Below $60,000 at the Start of the Week as Institutions Stopped Buying Stablecoins

Institutions did not buy stablecoins over the weekend. BTC registered over 4% losses over a 24-hour period leading into Monday. BTC’s price dropped to below $60,000 on Monday, causing a decline of about 4% from the day prior when it traded at $62,510. The dipping price action occurred as institutional players stopped acquiring stablecoins for two days before the week started. Blockchain analytics firm Lookonchain posted about the occurrence, “Institutions seem to have temporarily stopped...

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As BTC’s Price Crashed Last Weekend, Whales and ETF Investors Held Steady

BTC tumbled to the $49,000 mark over the last weekend as its price was severely affected by Japan’s Nikkei taking a bloodbath. US stocks also took a massive beating in the process. BTC has since recovered to some degree, trading over $56,000 at the beginning of the week and eventually reclaiming the $60,000 mark. Through this undesirable scenario, Bitcoin whales, or wallets holding over 1,000 BTC, pushed through without selling. In fact, wallets holding between 1,000 and 10,000 BTC remained...

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Bitcoin Bull Run Supported by Strategic Moves Amid Rising Global Crypto Adoption

Bitcoin’s price surged to $59,000, driven by significant strategic moves and geopolitical developments Russia’s legalization of cryptocurrency for trade and increased whale activity are key factors driving Bitcoin’s bullish trend. Bitcoin spiked from a bloodbath to greenish trading at around $59,580 as market participants awaited critical economic information that could impact the asset’s near-term trajectory. This is one of the reasons why Bitcoin’s future remains uncertain in the face of...

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