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Bitcoin trades above $81,000 as on-chain data and futures markets reveal a decline in liquidity. Short-term holders hit $7 billion in sustained losses, marking the longest prolonged deficit of this cycle. Long-term holders continue to hold profits despite price declines, indicating that the market has not entered a bearish phase. Bitcoin (BTC) traded above $81,000…
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Bitcoin (BTC) continues to trade below the psychological $90,000 level, with its price standing at $82,346. This marks a 24.3% drop from its all-time high above $109,000 recorded in January. Despite this downward trend, new on-chain data suggests that a surge of high-net-worth investors, or “new whales,” has been accumulating BTC aggressively, which could have…
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Bitcoin’s market liquidity is tightening as the crypto continues to consolidate following a steep correction from its February peak above $102,000. On-chain data from Glassnode shows that capital inflows have slowed significantly, with liquidity conditions deteriorating across both spot and futures markets. Exchange inflows—a key measure of market activity—have dropped more than 54% from their…
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A well-known American economist suggested a relationship between gold, NASDAQ and Bitcoin, saying that a decline in NASDAQ usually leads to a decrease in Bitcoin. Peter Schiff explained in a post the correlation between the state of Bitcoin and the market situation…
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Minnesota state Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, which he drafted after completely changing his stance on Bitcoin. “As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said…
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Bitcoin faces resistance around its 200-day EMA at $85,500; a firm close above indicates recovery on the cards. Ethereum price finds support around the $1,861 level, suggesting a bounce ahead. XRP faces rejection around the 50-day EMA at $2.50; a close above indicates a recovery ahead. Bitcoin (BTC) and Ripple (XRP) prices face resistance around…
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Minnesota state Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, which he drafted after completely changing his stance on Bitcoin. “As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said…
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Gold’s red-hot run through $3000 an ounce might have been at the expense of another speculator’s favorite, Bitcoin, but the 40% rise in the gold price over the last 12-months is also raising doubts about its sustainability. Too far, too fast, is one way of describing concern about gold which is being powered by a…
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What Will Happen To Bitcoin Prices If Donald Trump And Vladimir Putin Agree On A Ceasefire In Ukraine? Ahead of a much-anticipated phone call between U.S. President Donald Trump and Russia’s president Vladimir Putin, Bitcoin‘s (CRYPTO: BTC) price action remains closely tied to the outcome of a potential ceasefire in Ukraine. What Happened: According to…
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Crypto markets climbed higher on Monday with bitcoin (BTC) trading above $84,000 as another positive day for U.S. stocks extended their rise lifting risk assets.The largest cryptocurrency was up, the broader crypto market was up 1.8%, while the broad-market CoinDesk 20 Index slightly outperformed with a 2.4% advance during the same period. Ethereum’s ether (ETH)…