Nearly half of all crypto-related mentions on social media this week centered around Bitcoin as it hit new highs, a level of dominance that may signal a local top and a potential short-term pullback, according to sentiment platform Santiment. “As Bitcoin’s market value crept above $123.1K for the first time in its 17+ year history,…
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Top Stories of The Week Crypto execs center stage as Trump signs stablecoin bill into law US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony…
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Jack Dorsey’s financial services company, Block, Inc., surged almost 9% in after-hours trading on Friday following the news that it will be added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. Block will replace US energy company Hess Corp on the S&P 500 before trading commences on…
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Bitcoin could be in for a brief consolidation phase after its recent surge to new all-time highs — but another leg up before the end of July isn’t off the table, according to Galaxy Digital’s head of franchise trading, Michael Harvey. “Consolidation around current prices is my base case given the large rally and new…
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Prominent Bitcoin podcaster and Real Bedford FC owner Peter McCormack claims he can tackle Bedford’s rising crime rate better than the local police force, taking on a role some might liken to a real-life Batman. “As I promised, if the police won’t keep the town safe for our women and children, I will,” McCormack said…
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Michael Saylor’s Strategy (MSTR) closed the trading day on Wednesday at its highest ever market capitalization, as Bitcoin continues to float near record highs. “MSTR just closed at an all-time high market cap,” Saylor said in an X post on Wednesday. MSTR’s price “gearing up” for new highs It comes as MSTR’s stock price has…
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Coinbase has climbed to rank 137 in the US Apple App Store in a sign that often heralds retail interest in crypto. However, the crypto industry is still divided on whether retail investors have truly returned. Sensor Tower data shows that Coinbase has jumped 65% in the US Apple App Store rankings over the past…
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Crypto analyst Matthew Hyland says that Bitcoin’s market dominance has reached its peak if the price of Ether continues its upward trend. “If ETH breaks bullish and remains bullish against BTC there is a 99% chance BTC Dominance has topped,” Hyland said in an X post on Tuesday. “Impossible” for BTC dominance to spike if…
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Bitcoin isn’t likely to enter a downtrend anytime soon, with strong fundamentals supporting its current trajectory, says a researcher at crypto product provider 21Shares. “The structural imbalance between surging demand and a rapidly vanishing supply base makes a prolonged correction increasingly unlikely,” 21Shares crypto research strategist Matt Mena told Cointelegraph. “There are far more positives…
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New buyers entering the Bitcoin market are seen as price-agnostic and are scooping up the cryptocurrency faster than miners can supply, a likely boon for the price of Bitcoin. “Currently, the combined balance of these cohorts is expanding at a rate of approximately 19.3K BTC per month,” Bitfinex analysts said in a markets report on…
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