Key points: Bitcoin short-term holders are at the center of an “oversold” signal seen only twice in the past year. Both occasions marked long-term BTC price bottoms within the current bull market. Bitcoin RSI signals on low timeframes continue to hint at a bullish market reversal. Bitcoin (BTC) has printed a new signal that has…
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Japanese Bitcoin-stacking company Metaplanet secured shareholder approval to overhaul its capital structure, clearing a path for billions in potential fundraising earmarked for its Bitcoin accumulation strategy. At an extraordinary general meeting on Monday, investors backed amendments to the company’s articles of incorporation to expand its authorized shares to 2.7 billion. It also introduced a new…
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Bitcoin exchange-traded products (ETPs) now hold more than 1.47 million Bitcoin, amounting to 7% of the cryptocurrency’s maximum 21 million coin supply. US-based exchange-traded funds for Bitcoin (BTC) have scooped up the largest share, with their holdings exceeding 1.29 million BTC held across all 11 funds as of Sunday, Aug. 31, according to data shared…
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Bitcoin will likely only climb to the $150,000 price point once two massive Bitcoin whales finish selling, according to Bitcoin holding company Nakamoto CEO, David Bailey. “The only reason we’re not at $150k right now is two massive whales,” Bailey said in an X post on Tuesday. “Once they’re slain (1 down, 1 halfway there)……
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Crypto hackers and scammers stole over $163 million from the crypto space in August across 16 separate attacks — with a social engineering attack against a Bitcoiner accounting for the lion’s share of losses. Blockchain security firm PeckShield said in an X post on Monday that August’s losses are a 15% increase compared to July,…
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Bitcoin’s journey to $1 million per token could be slower and less dramatic than what many crypto market participants may be expecting, according to pseudonymous Bitcoin analyst PlanC. “What if, from here on, Bitcoin simply slow-grinds up and to the right, with long, drawn-out, uneventful 10–30% corrections and consolidations?” Bitcoin analyst PlanC speculated in an…
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Crypto tokens tied to the value of stocks could mislead investors as they don’t usually give holders the same rights as a direct shareholder, says the European Union’s markets regulator. Several companies have tokenized stocks and derivatives that are backed by the shares they represent held in a special purpose company, European Securities and Markets…
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Key takeaways: Bitcoin whales rotating billions of dollars into Ether highlight weakening conviction in Bitcoin’s $108,000 support among major players. Bitcoin derivatives show rising liquidation risks with $390 million in leveraged longs at peril below $107,000. Bitcoin (BTC) has traded within a narrow 2.3% range since the sharp decline from $112,500 on Friday. The absence…
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Key points: Bitcoin bulls will have to quickly push the price back above the 20-day EMA to prevent a collapse to $105,000. The shallow pullback in select altcoins suggests that the investors are not hurrying to sell them as they anticipate the up move to continue. Bitcoin (BTC) is trying to rise above $110,000, but…
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After a monthlong break, the US Senate and House of Representatives are scheduled to return to conducting government business, which includes key policies affecting the cryptocurrency and blockchain industry. Both chambers of the 119th session of the US Congress went on recess weeks ago as part of their schedule established in January. The move effectively…
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