Bitcoin needs to keep its momentum as it approaches its all-time high, as a drop back to $108,000 could trigger a bearish downtrend, according to a trader. “You don’t want to see this deviate back below $108K again at this point,” crypto analyst Daan Crypto Trades said on Thursday, adding that Bitcoin (BTC) is “attempting…
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Bitcoin could climb to $116,000 by the end of this month as three macroeconomic factors turn favorable for the asset, according to a crypto analyst. “I think $116,000 is possible,” 10x Research head of research Markus Thielen told Cointelegraph after highlighting three macro factors that could help bolster Bitcoin’s (BTC) price this month in a…
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BlackRock, the world’s largest asset manager, is now earning more in annual fees from its spot Bitcoin exchange-traded fund than its flagship S&P 500 fund, according to a recent report. “IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity…
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Bitcoiners are showing increasing patience on the sell side, with new data showing a declining number of investors cashing out in anticipation of Bitcoin going higher. “Following a recovery to $107k, a super-majority of Bitcoin investors are now holding unrealized profits,” Glassnode said in a report on Tuesday. It added the trend follows Bitcoin (BTC)…
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Crypto market sentiment has held steady despite Bitcoin tumbling almost 2% over the past day to change hands close to the $105,000 price level. The sentiment-tracking Crypto Fear & Greed Index posted a “Greed” score of 63 out of 100 on Wednesday, slipping one point from Tuesday, as Bitcoin (BTC) pulled back 1.79% in a…
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Bitcoin’s nearly three-month rally may be losing steam as buying pressure weakens and more traders start taking profits, crypto analysts say. “For the first time in that uptrend, momentum has begun to fade,” Bitfinex analysts said in a markets report on Monday. Since Bitcoin (BTC) fell to its year-to-date low of $73,273 on April 9,…
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A Human Rights Foundation executive told a room full of US politicians that Bitcoin continues to prove itself as a powerful tool against authoritarian control, offering an alternative to the mounting ways fiat currency can be manipulated and controlled. “With Bitcoin, the ability of these leaders to do these things is completely decimated,” Human Rights…
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ETF provider REX Shares is on the verge of launching the first-ever Solana staking exchange-traded fund (ETF), following what analysts describe as a successful response to feedback from the US Securities and Exchange Commission (SEC). “Rex also filed an updated prospectus, which totally filled in. Add it all up, and it appears as though all…
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Bitvavo has become the latest crypto exchange to be granted a Markets in Crypto-Assets (MiCA) license by the Dutch Authority for Financial Markets (AFM), allowing it to operate across Europe under the new regulatory framework. Bitvavo co-founder and CEO Mark Nuvelstijn confirmed the news in a statement on Friday and expressed his full support for…
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Crypto exchange Gemini has launched a tokenized version of Michael Saylor’s Strategy (MSTR) stock for users in the European Union, allowing them to invest in the Bitcoin-buying firm onchain. “Traditional financial rails are hard to access and in need of modernization,” Gemini said in a statement on Friday. More tokenized stocks and ETFs are coming…
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