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Tag Archives: Bitcoin News

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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Trump Reiterates the Importance of a Strategic Bitcoin Reserve, Asks Current Administration to Not Sell Holdings

Former president and 2024 presidential candidate Donald Trump stated the importance of Bitcoin and the crypto market in a stream with well-known streamer Adin Ross. He warned the current administration about the ill effects of selling the US’ Bitcoin holdings instead of making the asset part of the country’s reserve. He mentioned how not focusing on Bitcoin at this level will prevent the US from innovating in the digital assets sphere, letting countries like China, a tremendous geopolitical...

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