Bitcoin News

What’s Next For Bitcoin As Prices Encounter Difficulty Reclaiming $43,000?

Lately, bitcoin prices have struggled, often dropping below $43,000 and then failing to make significant gains. At around 9:20 AM ET, the world’s most popular crypto asset fell to $42,777.20, CoinDesk data shows, on Saturday. The majority of cryptocurrencies were trading lower early Saturday. The global cryptocurrency market cap fell by nearly 3% to $1.15 …

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Mexico’s Third Richest Man Says No To Bonds, Yes To Bitcoin

Ricardo Salinas Bligo is the third richest man in Mexico who has made headlines because of his stance on Bitcoin. The billionaire saw Elektra, a supermarket chain, becoming the first to accept bitcoin payments in the future. He has also been a strong advocate of investing in digital assets rather than traditional ones. This time …

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More Correction Soon? Bitcoin Whale Ratio Remains Elevated

On-chain data shows that the Bitcoin whale is still highly valued at the moment, which indicates that more downsides may come for the cryptocurrency soon. Bitcoin exchange whale ratio has been at high levels lately As pointed out by an analyst at CryptoQuant MailRecently, the proportion of BTC exchange whales has remained at high values. …

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Mike Novogratz Doubles Down On $500,000 Bitcoin Prediction

Mike Novogratz reiterated his support for the $500,000 Bitcoin future prediction. The CEO of Galaxy Digital who was recently at the Bitcoin 2022 conference held in Miami once again spoke in favor of the cryptocurrency, highlighting the future potential of the digital asset. Novogratz made his predictions while speaking at the conference, but this isn’t …

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Bitcoin Steadies Above $43K, Why BTC Could Recover Higher

Bitcoin is consolidating its losses above the $43,000 support level against the US Dollar. BTC could correct higher towards the $44,275 or $44,850 resistance. Bitcoin managed to stay above the $43,000 support area. The price is still well below $45,000 and the 100 hourly simple moving average. There is a major bearish trend line forming …

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Quant Explains How Bitcoin Funding Rate Predicted The Latest Top

Quantum explained how Bitcoin’s funding rate (72 hours) might be able to correctly indicate the tops and bottoms of the cryptocurrency’s price. Bitcoin funding rate may be able to point to peaks and troughs in the market As explained by an analyst at CryptoQuant MailThe 72-hour fundraising average appears to have been effective in pointing …

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Bitcoin Trading Volume Continues To Remain At Low Levels

Data shows that bitcoin trading volume has continued to remain at low levels this week, dampening the recent rally in the cryptocurrency’s price. Spot Bitcoin Trading Volume Recently Stabilized At Low Values According to the latest weekly report from obscure researchBTC spot trading volume has continued to stabilize at relatively low values ​​this week. The …

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Bitcoin Monthly Outflows Reach Historically High Value

Cross-chain data shows that monthly Bitcoin outflows have recently reached values ​​that have only been seen a few times before in the entire cryptocurrency history. Bitcoin outflows are now 96.2k BTC per month According to the latest weekly report from glassA historically large amount of BTC has exited all exchange wallets recently. The relevant pointer …

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