The cryptocurrency market has gone through a considerable rollercoaster in the past seven days, with the price action being as volatile as it can get. At the time of this writing, the total capitalization settled at around $2.5 trillion, up 3.5% during that period. Bitcoin wasted no time and, on July 7th, pushed above $58K for the first time this week. The bears intercepted the move immediately and, on the following day, pushed it back below $55K, where buyers found a quick...
Read More »Fed Rate Cuts This Year Might Disappoint Bitcoin Bulls, Analysts Warn
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Read More »Bitcoin Cools after Q1 Speculative Frenzy, Bull Run Possible
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Read More »Here’s How Much Bitcoin (BTC) Drake Lost After Argentina Qualified for Copa America’s Final
TL;DR Drake lost a substantial Bitcoin bet after Canada was defeated by Argentina in the Copa America semi-final. His history of significant betting losses has led to the phrase “the Drake curse,” suggesting teams or athletes he supports tend to perform poorly. Betting Against Lionel Messi The Canadian musician and actor Aubrey Drake Graham (better known as Drake) often wagers substantial sums on popular sports events. Earlier this week, he bet $300,000 worth of Bitcoin...
Read More »BitMEX Records Second-Largest Bitcoin Outflow in History, What This Means?
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Read More »Bitcoin Transaction Fees Plummet to Four-Year Low since COVID-19 Pandemic
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Read More »German Government Moves $344M in Bitcoin to CEX and OTC Desks
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Read More »Back on Track: Spot Bitcoin ETFs Draw $295M on July 8th, Matching June’s High Inflows
The US spot Bitcoin exchange-traded funds (ETFs) saw nearly $295 million in net inflows on July 8th. This represented significant buying activity, which was last seen in June, when Bitcoin was hovering above $70,000. Notably, major funds have appeared to have made a comeback despite Bitcoin struggling with downward pressure. BlackRock’s IBIT Tops ETF Inflows The latest surge in investment comes as these vehicles kicked off July on a strong note. In the second week of July,...
Read More »Bitcoin Mining Difficulty Plummets 7.8% in Largest Drop since FTX Collapse
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Read More »The Latest Bitcoin Price Predictions After Last Week’s Bloodbath
TL;DR Bitcoin recovered to $57,000 after dipping below $54,000, with analysts predicting a potential bull run up to $123,000. Positive indicators include reduced selling pressure and a favorable Relative Strength Index (RSI). BTC Ready to Fly Again? The last several days have been painful for Bitcoin bulls, with the asset’s price briefly plunging below $54,000 for the first time in five months. It recovered some of the losses over the weekend and is currently trading at...
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