Bitcoin News

CPI Print Pushes Crypto Into Red Zone, Here Are 2 Potential Scenarios

The crypto market is retesting critical areas of support as the US Consumer Price Index (CPI) exceeds expectations. The metric is used to measure inflation in the US dollar, and registered An 8.6% increase year over year, the highest since 1981. Related reading | TA: Bitcoin Bears Keep Pushing, Why BTC Still Low This could …

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Bitcoin Slides As CPI Report Hints At Soaring Inflation

With traders retreating for the weekend, bitcoin prices started the Friday session rather slow. During European trading hours, Bitcoin is a bit stuck at around $30K, showing signs of weakness ahead of the release of the US Consumer Price Index (CPI). The price of Bitcoin fell on Friday after US consumer price index data revealed …

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How Will Cynthia Lummis’s Proposed Bill Affect Bitcoin

Senator Cynthia Loomis, a farmer and Republican senator from Wyoming inserted Comprehensive and comprehensive bill on Bitcoin and cryptocurrency regulations. The RFI (Responsible Financial Innovation) Act was passed on June 7The tenth by the senator along with Christine Gillibrand, a New York securities attorney, and a Democratic senator. Related reading | Bitcoin open interest drops …

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Bitcoin Spot To Derivatives Flow Forms Historical Bullish Pattern

On-chain data shows that the flow of bitcoin from spot exchanges to derivatives exchanges is currently charting a historically bullish trend for the cryptocurrency price. The flow of bitcoin trading to derivatives begins to drop sharply As pointed out by an analyst at CryptoQuant MailThe immediate flow of BTC into derivatives may indicate a bullish …

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Bitcoin, Ethereum Profitability For Investors

The battle for higher profitability between Bitcoin and Ethereum has been a long-running one. These two cryptocurrencies hold the majority of the market share in the market and, therefore, have the largest amount of supporters. Despite working in the same space, the rivalry between them is unparalleled. It doesn’t just end at the networks themselves, …

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Exchange Reserves Hit New 4-Year Lows

On-chain data shows that Bitcoin trading reserves have now reached a 4-year low, a potentially bullish sign for the cryptocurrency’s price. Bitcoin exchange reserves have decreased recently As pointed out by an analyst at CryptoQuant MailBTC exchange reserves are down, indicating continued buying in the market. The “All stock exchanges“It is an indicator that measures …

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Bitcoin Bears Keep Pushing, Why BTC Could Still Nosedive

Bitcoin is heading lower towards the major support at $29,500 against the US Dollar. BTC must stay above $29,500 to avoid a major negative breakout. Bitcoin is struggling to stay above the $29,500 support area. The price is now trading below the $30,500 level and the 100 hourly simple moving average. There is a major …

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Bitcoin Open Interest Falls As Price Dips Below $31,000

The open interest in Bitcoin over the past several weeks has been quite interesting. The highs and lows came and went at the same speed, usually following the price of the digital asset itself. Last week was no different given the movement. Open interest denominated in bitcoin has fallen after hitting a new all-time high …

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Michael Saylor Says Current Volatility Irrelevant, Predicts Bitcoin At $1M

Maximalist Bitcoin owner and Chairman and CEO of MicroStrategy Michael Saylor remains bullish on Bitcoin despite the bear market. while commenting on The new regulatory invoice is dated June 07 in Interview with CNBC On June 08, he predicted that the price of Bitcoin would be around $1 million in the future. In support of …

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Bitcoin Stuck In Key Range, Why A Major Breakout Is Possible

Bitcoin maintains the major support of $29,500 against the US Dollar. BTC must clear the $31,500 resistance area to start a significant increase in the near term. Bitcoin is showing some positive signs above the $29,500 support area. The price is now trading below the $30,500 level and the 100 hourly simple moving average. There …

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