In Brief Bitcoin (BTC) trades at $90,893, with the NVT golden cross at -3.25, signaling significant room for further price appreciation. Historical trends and analyst suggest BTC could surpass $100,000, potentially triggering retail involvement and extended gains. A bullish flag pattern indicates a potential rally to $104,228, but an overheated NVT reading may prompt a…
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In Brief Peter Schiff calls Bitcoin’s recent surge a “bubble” and predicts catastrophic losses for both investors and the economy. Schiff argues Bitcoin and blockchain are “popular delusions” and warns of a severe misallocation of resources. He also dismisses the idea of a US Bitcoin reserve, claiming it would destabilize the economy and devalue the…
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In Brief Craig Wright said he is developing a scaling solution to transform Bitcoin into a practical tool for global transactions. He aims to eliminate high fees and regulatory barriers, making Bitcoin accessible for trade, particularly in underserved regions. Wright’s goal is to empower individuals to use Bitcoin for personal financial freedom rather than as…
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In Brief Bhutan transferred $65.66 million in Bitcoin to Binance, likely signaling an intent to sell part of its holdings. Despite planned sales, Bhutan continues its state-run Bitcoin mining operations through Druk Holdings and Investments. Bhutan is the first government to select Binance for asset sales, while others like Germany chose Coinbase, Kraken, or others.…
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Bitcoin reached $70,000 today for the first time in over four months. BTC’s daily trading volume has also jumped by nearly 135% on Monday, according to CoinMarketCap data. This is only the third time that the largest cryptocurrency has hit the $70,000 mark, as it reached a new all-time high earlier this year. Bitcoin ETFs…
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In Brief The US Supreme Court has allowed the sale of 69,370 Bitcoin seized from Silk Road, worth around $4.4 billion. The appeal by Battle Born Investments, claiming ownership of the BTC, was rejected, solidifying government control. The US Marshal Service will oversee the sale, which could impact Bitcoin markets amid political speculation. …
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In Brief Bitcoin historically gains in Q4, with an average 26% increase since 2019, despite weak Q3 performance. Bitcoin’s Realized Price at $31,400 suggests potential support, indicating possible Q4 price rise for it. BTC price may rise in the early October, but failure to break above 200-day EMA could lead it $54,474. Bitcoin’s (BTC) price…
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In Brief Plan B predicts cites historical trends where Bitcoin priceincreased fourfold after crossing the 200-week Moving Average. Another analyst supports a future price increase, suggesting that Bitcoin is nowhere near the coming of a bear market. Despite recent price consolidation, the decreasing Sell-Side Risk Ratio suggest the bull market may still be in its…
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In Brief Bitcoin saw a sharp drop, hitting below $60,000, following the US July CPI data release on Wednesday. A recent report by Token Terminal analyzed the possibility of BlackRock launching its own blockchain. This week, Binance announced the delisting of six altcoins, causing significant dips in affected tokens. This week, Bitcoin and…
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In Brief Although Bitcoin has shed some losses, distribution from holders signals that the coin’s troubles are far from over. Spot Bitcoin ETFs recorded persistent outflows last Friday, giving further credence to the sentiment. BTC price is closing in on the supply zone around $62,477, suggesting that it may retrace to $60,499. Bitcoin (BTC) holders…
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