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Tag Archives: btcusdt

Market Watch: Bitcoin Price Came Just 4% From a New All-Time High

Bitcoin has managed to hit a high at nearly $56,000 today but has since retraced a bit and it now hovers above $54,000. However, BTC’s dominance suffers as some altcoins, including Binance Coin, have surged in the past 24 hours, and the metric is just slightly above 60%.Bitcoin’s Stays Above $54KEver since the primary cryptocurrency dipped to $47,000 on March 6th, the bulls took control and pushed the asset north. In the following days, BTC firstly reclaimed the coveted $50,000 before heading...

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First $1,200 US Stimulus Checks Put in Cardano Worth $45,000 Today

It’s been approximately one year since the COVID-19 threat infiltrated the Western World and caused massive disruptions. Consequently, it has been a little less than twelve months since the US government initiated considerable relief packages and sent $1,200 to every adult earning less than $75,000 per year.While highly unlikely, this particular amount could have resulted in mindboggling returns if the US citizens had decided to allocate the funds in some assets. One stands out the most as...

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Bitcoin Price Analysis: BTC Likely Target $60K Following Today’s Breakout

Bitcoin saw a 7.5% price increase today as the cryptocurrency raised by a total of $1,640 to climb back above $54,000, for the first time since February 22.Looking at the past trading days, BTC had bounced from support at $47,200 (.382 Fib) over the weekend as it closed the daily candles above the critical 20-day EMA. On Sunday, it managed to break above $50,000 once again, which allowed it to push higher and close yesterday’s candle at $52,480 (bearish .618 Fib Retracement and crucial...

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Another One: Galaxy Digital and CI GAM to Launch a Bitcoin ETF in Canada Tomorrow

Yet another Bitcoin ETF is to reach the markets in Canada as the country’s securities regulator has issued “a receipt for the final prospectus” for CI Global Asset Management’s application. Dubbed CI Galaxy Bitcoin ETF (BTCX), it’s expected to launch on the Toronto Stock Exchange (TSX) on March 9th, and Mike Novogratz’ Galaxy Digital Capital Management will act as the sub-advisor. Founded in 1965, CI Global Asset Management is an asset manager with over $180 billion in AUM as of January 2021....

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Norwegian Oil Mogul Sets Up $58 Million Entity to Buy Bitcoin

The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the digital asset’s underlying technology.Miss Out? “No Way”!Asian smartphone giants, Meitu yesterday joined the league of institutional...

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Bitcoin Price Analysis: BTC Needs To Close Above This Level To Continue The Weekend Momentum

Bitcoin price is up by another 6% today, as the cryptocurrency finally reclaims $50,000. Earlier today the cryptocurrency reached over $51,300 (Bitstamp), but quickly retraced from there down to the $50K area. So far, this reflects a 2-day price gain of over $4000 since Friday’s low of $46,400.Quick recap: Bitcoin price started to scale at the beginning of March but couldn’t overcome the resistance around $52,500 at the Golden Ratio (bearish .618 Fib) earlier this week. From there, it started...

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Hong Kong-listed Meitu Bought $40M Worth of Bitcoin and Ethereum

Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market.This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth of Bitcoin.Although a large Hong Kong-listed firm publicly buying Bitcoin is undoubtedly noteworthy in and of itself, it’s interesting to note Meitu founder Cai Wensheng’s...

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Bitcoin Explodes Above $50,000 as Total Market Cap Adds $100B In 24 Hours (Market Watch)

After flirting with the coveted $50,000 price tag, BTC has initiated a leg up that has spiked the price above it. Will this flit be longer than the last ones? only time will tell.Meanwhile, most altcoins have also followed their leader on its way north. Ethereum, the second-largest crypto, has neared $1,700 just two days after bottoming at $1440. The total market cap has added $100 billion in a day.Bitcoin Takes Down $50K (Once Again)Ever since BTC retraced by $7,000 from the $52,500 price...

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John McAfee Following the DOJ Indictment: The Allegations Are Overblown

A day after being indicted for several criminal offenses, including money laundering schemes and fraud, John McAfee has called the allegations brought by US authorities “overblown.” The former software antivirus creator also defended his ICO promotions and receiving payments with the particular coins.DOJ Goes After McAfeeThe former antivirus tycoon made a name in the cryptocurrency space a few years back with the “Coin of the Day” campaign, in which he promoted certain low-cap alternative...

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Survey By Goldman Sachs: 34% Think Bitcoin Will Reach $100K Next Year

A crypto-oriented survey compiled by the US multinational investment giant, Goldman Sachs, revealed that the general sentiment on bitcoin and other digital assets is primarily bullish. Nearly half of respondents, representatives of corporations, hedge funds, and banks, own a form of crypto, and most expect their portfolio to expand in value in the following two years.Bullish Perspective on Crypto: GS Survey ShowsGoldman Sachs posted the key takeaways from its Digital Assets Client Survey that...

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