Tag: Bitcoin
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As memecoins lose ground, bitcoin declines, and the GBTC/NAV discount increases.
Despite the industry’s excitement over the potential of AI and big data tokens, cryptocurrency values have fallen overall. By 9:35 a.m. EST, Bitcoin was trading at $22,722, down 1.5% from the previous day, according to TradingView data. Cardano’s ADA lost 2.8% and Binance’s BNB plummeted 3%. Sell-offs in dog-themed memecoins were more severe, with dogecoin […]
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United States Federal Reserve on Bitcoin’s Reaction to Financial News
The response of the values of other stocks, commodities, the US dollar, and Bitcoin to macroeconomic news is investigated. The Bitcoin – Macro Disconnect, a 31-page analysis compiled by the US Federal Reserve Bank of New York examining the effects of macroeconomic news on Bitcoin and other asset classes, was issued on Wednesday. Significantly, the […]
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Bitcoin Supply Exits Exchanges, Hits All-Time High in Self-Custodial Wallets
Record Low Bitcoin Supply on Centralized Exchanges According to a recent report by on-chain analytics firm Santiment, the supply of Bitcoin on centralized exchanges is at its lowest point since November 2018. Santiment measures the total amount of Bitcoin stored in centralized exchange wallets and the supply held in self-custodial wallets. Supply on Exchanges Reflects […]
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After an 11-year hibernation, BTC Address Transfers 400 Bitcoin.
Address 1MMXRA has owned 412.12 BTC spread over four transactions since October 1, 2012, with a total market value of only $8. Up until February 8 when all but a sliver of the coins were removed from the wallet at a cost of $23,000 each, no coins entered or left the wallet. The coins that […]
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How Will Bitcoin (BTC) React In The Next Few Days To The Hype Vs Reality Of AI Crypto Tokens?
AI Tokens are the newest craze in the cryptocurrency industry. While ChatGPT’s rapid ascent and the introduction of AI-based apps are the main causes of the buzz, cryptocurrency traders should exercise caution when choosing to invest in cryptocurrencies because of the AI component. Investors should be wary of the cryptocurrency initiative in general since it […]
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TeraWulf Boosts BTC Production by 25.6%, Marathon and Riot Also Make Impressive Gains in January!
Improved Cryptocurrency Mining Performance of TeraWulf A US-based bitcoin miner named TeraWulf produced 157 coins in total in January, a 25.6% increase in production. The increased production outcomes were influenced by the good weather. Current Expansion Efforts The addition of 6,100 additional Bitmain miners increased TeraWulf’s mining capability, increasing the total number of miners to […]
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Introducing the Future of Money: The Digital Pound Set to Revolutionize UK’s Financial Landscape!
United Kingdom Introducing the Digital Pound The Central Bank of England and the UK Treasury are exploring the possibility of launching a digital pound, aimed at providing a more stable alternative to cryptocurrencies like Bitcoin and Ethereum. A consultation paper has suggested that a digital pound could be introduced by 2030, subject to restrictions on […]
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Prices for Bitcoin, Ethereum, and Polygon [Matic] are analyzed
On Monday, investors in the bearish Bitcoin market drove the asset’s price lower for a fifth day in a row. When the day’s candle had finished, the price of BTC was -$181. The downside goals for those who are bullish on the BTC cryptocurrency market are 0.236, 0.382 [$20,440.02], 0.5 [$19,386.98], and the 0.618 fibonacci […]
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The key to upward is this resistance when the price of bitcoin recovers.
If there is a clear move over the $23,500 resistance zone, BTC might start to trend upward. The price of bitcoin has risen over the $23,000 support level as it corrects losses. Over $23,000 and the 100 hourly simple moving average, the price is currently trading. If the pair overcomes the $23,500 barrier, it may […]
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Golden Cross on Bitcoin Points to Soaring Prices – Is $25,000 the Next Stop?
Golden Cross Signals Potential Bitcoin Price Rise The price of the leading cryptocurrency might hit $25,000 as the 50-day moving average of Bitcoin ($BTC) crosses over the 200-day moving average, perhaps putting an end to bearish and short-selling mood. The Golden Cross in Three Stages According to Investopedia, a golden cross can arise in three […]