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Bitcoin

Factor That Suggest Bitcoin’s Next Move
Bitcoin

Factor That Suggest Bitcoin’s Next Move

Bitcoin has dazzled traders excellently, taking off from $42,280 on January 1 to $52,369.03 at the hour of composing in the wake of jumping by 4.60% in 24 hours or less. The development came following the endorsement and growth of the spot Bitcoin ETF product by the US SEC. With the enormous surge that has procured Bitcoin a 22.48% increase Year-to-Date (YTD) presently slowing down, a reboot is expected to light further interest in the coin. Read Also: Coinbase Kicked out Bitcoin, Retain Shiba Inu According to the expert Ali Martinez, Bitcoin's 10-minute chart illustrates what's on the horizon. Per the examiner, the help trendline for the TD Consecutive indicator is fixed at $51,700 with resistance locked at the $52,515 price mark. https://twitter.com/ali_charts/status/17597283...
World 10th Largest Asset: Bitcoin Ahead Of Tesla
Bitcoin

World 10th Largest Asset: Bitcoin Ahead Of Tesla

It is no newer that Bitcoin has over the years established itself as the leading crypto asset, it has in recent information made another remarkable headway as one of the top 10 ranking assets in the world, leading ahead of giant Technological Companies like Tesla, owned by Elon Musk and a well-known communication giant Visa. Read Also: History Repeated: Bitcoin volatility Collapse According To Data From Market Strategist Bitcoin Market Cap By the ranking. the largest crypto asset was only preceded by companies like Golf Silver and a few techs. Companies like Amazon, Microsoft, Apple, etc Bitcoin hit this achievement with a market capitalization of nearly $1 trillion with the price of the coin at $48,179. Bitcoin, Tesla, Visa, and JPMorgan have a market cap of $947.07 billion, $616....
History Repeated: Bitcoin volatility Collapse According To Data From Market Strategist
Bitcoin

History Repeated: Bitcoin volatility Collapse According To Data From Market Strategist

As per data shared by Charlie Bilello, Chief Market Strategist at Creative Planning, the number one Coin has collapsed to a record low that has not been witnessed for a long time. Volatility is the degree of price fluctuation a digital asset encounters in a particular period. Exceptionally volatile digital currencies can see huge price changes in brief periods of time, presenting two open doors both risk and opportunities for investors. digital assets with very high volatilities are much of the time new ones to the market, and meme coins with lower valuations. Factors such as market demand, regulatory development, and large-scale patterns add to cryptocurrency instability. Read Also: Shiba Inu Burns Spike 1,500% in a Day, Shibarium Gears Up for 1,000 New Projects Volatility Histo...
The Crypto Community’s Symphony of Anticipation: Gensler’s Warnings and the Impending Bitcoin ETF Decision
Bitcoin

The Crypto Community’s Symphony of Anticipation: Gensler’s Warnings and the Impending Bitcoin ETF Decision

In the fast-paced world of cryptocurrencies, excitement and tension are reaching a crescendo as the Securities and Exchange Commission (SEC) faces a deluge of Bitcoin ETF applications. SEC Chair Gary Gensler recently sent shockwaves through the crypto community with a carefully crafted series of cautionary tweets, creating a sense of electric anticipation. Read Also: Shiba Inu Investors Navigate Turbulent Waters as SHIB Dips Below $0.00001; Opportunity or Concern? Gensler’s Cautionary Symphony Gensler's Twitter thread was more than a casual scroll through crypto headlines; it was a meticulously orchestrated symphony of caution. He highlighted three critical points that grabbed the attention of the crypto community: Potential Non-Compliance: Gensler expressed concern about crypto ...
Chamber of Digital Commerce CEO Foresees Bitcoin at $1 Million by 2029, Advocating for Mass Adoption
Bitcoin

Chamber of Digital Commerce CEO Foresees Bitcoin at $1 Million by 2029, Advocating for Mass Adoption

Bitcoin (BTC), the leading cryptocurrency by market capitalization, has been a focal point of attention in the financial realm, currently trading at around $43,000. Chamber of Digital Commerce CEO Perianne Boring, however, sees this as just the beginning, projecting a remarkable surge that could see Bitcoin's value reaching $1 million by 2029. In a recent CNBC interview, Boring shared her bullish outlook, attributing the potential surge to the increasing adoption of Bitcoin and the fundamental principles of supply and demand. Read Also: Terra Classic (LUNC) Emerges Victorious as Community Revives LUNC and USTC, Outperforming Terra (LUNA) Bullish Vision and Rationale Boring's optimistic prediction is not based on mere speculation. She relies on valuation models indicating Bitcoin's "fa...
Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism
Bitcoin

Bitcoin’s Resilient Surge: Bulls Regain Control as Whales, Derivatives Traders Signal Strong Optimism

In the past 24 hours, Bitcoin (BTC) has reclaimed its bullish strength, marking a 2.47% rise and revisiting the $38,000 milestone, according to data from CoinMarketCap. Despite a brief pullback to $37,912 as of the latest update, the cryptocurrency's upward momentum suggests growing odds of a breakout. Read Also: Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge Derivatives Traders Drive Momentum This resurgence in Bitcoin's price is accompanied by a notable increase in speculative activity among derivatives traders. Open Interest (OI) in BTC futures and perpetual futures contracts has surged by 4.22% in the last 24 hours, as revealed by Coinalyze data. The simultaneous rise in both price and Open Interest is often indicative of a strengthening b...
Bitcoin Achieves New All-Time High in Argentina, Surpassing 10 Million Argentinian Pesos
Bitcoin

Bitcoin Achieves New All-Time High in Argentina, Surpassing 10 Million Argentinian Pesos

In a groundbreaking development for the world of cryptocurrencies, Bitcoin has reached a new all-time high (ATH) in Argentina, with its value soaring past an impressive milestone of 10 million Argentinian pesos. This remarkable achievement has sent shockwaves through both the global cryptocurrency community and Argentina's financial landscape. https://twitter.com/BitcoinNewsCom/status/1691181953272197120 Bitcoin hits ATH in Argentina Bitcoin enthusiasts and financial experts alike have closely monitored the cryptocurrency's performance in various regions, but the recent surge in Argentina's Bitcoin market has garnered significant attention. This substantial price increase signifies the growing importance of cryptocurrencies as an alternative financial asset, particularly in countries ...
US Congressman Criticizes Bitcoin Creator “Satoshi Nakamoto” for Lack of Innovation
Bitcoin

US Congressman Criticizes Bitcoin Creator “Satoshi Nakamoto” for Lack of Innovation

In a recent controversial statement, a US Congressman has raised eyebrows within the cryptocurrency community by denouncing the creator of Bitcoin, whom he referred to as "Satoshi Nakamoto," for a perceived lack of innovation. The remarks, made during a congressional hearing on digital currencies, have sparked a heated debate among proponents and critics of the world's first decentralized cryptocurrency. US Congressman Says Satoshi Nakamoto is not Innovative. Here is Why https://twitter.com/WatcherGuru/status/1684245942541643776 The Congressman, whose name has not been disclosed at the time of this report, claimed that the anonymous creator of Bitcoin did not introduce any groundbreaking technology and merely built upon existing concepts. The comments came as a surprise to many, as Bi...
Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip
Bitcoin

Bloomberg Strategist Mike McGlone Reiterates $100,000 Bitcoin Price Prediction Despite Potential Dip

In a recent interview with crypto influencer Scott Melker, Bloomberg Intelligence's senior macro strategist, Mike McGlone, reaffirmed his long-term prediction of Bitcoin (BTC) reaching $100,000. However, he cautioned that the cryptocurrency could experience a significant dip before achieving that milestone. McGlone emphasized that he initially made the call for Bitcoin to reach $100,000 when it was trading below $20,000. While he remains confident in the six-figure price target for the long term, he believes it is more likely for Bitcoin to undergo a 50% correction and fall to the $20,000 level or even establish a new low before embarking on a parabolic trajectory. Read Also: Binance Heeds LUNC Rebel's Call for More Trading Pairs on LUNC To support his forecast, McGlone pointed to...
Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent
Bitcoin

Grayscale CEO Believes Approval of Spot Bitcoin ETF by SEC Imminent

In a recent tweet that sparked excitement within the cryptocurrency community, the CEO of Grayscale Investments, Michael Sonnenshein, expressed his confidence in the eventual approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Sonnenshein's tweet read, "It's a matter of when, it's not a matter of if" a spot #Bitcoin ETF gets approved by the SEC, igniting speculation about the future of cryptocurrency investment. https://twitter.com/BitcoinMagazine/status/1679176669108617230 The announcement by the influential CEO, whose firm manages the world's largest Bitcoin investment trust, comes after years of attempts by various entities to gain regulatory approval for a Bitcoin ETF. The SEC has historically been cautious about approving s...