Key takeaway: Bitcoin (BTC) rose 3.5% between June 7 and June 9, approaching the $108,500 mark. Despite this recent uptick, professional traders remain notably cautious, as reflected in BTC derivatives metrics. Broader macroeconomic tensions persist, and Bitcoin continues to show a strong correlation with the stock market, limiting its short-term upside potential. Some analysts anticipate…
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Key takeaways: Bitcoin’s Doji candle and a bullish chart fractal hint at a rally to $120,000. Bitcoin HODLers are absorbing freshly sold BTC, a historically bullish sign for its price. Bitcoin (BTC) price broke out from a descending trendline pattern after forming a local bottom at $100,300 on June 6, and now the asset looks…
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The office of Paraguayan President Santiago Peña appeared to deny a post on the social media platform X that announced the country would begin recognizing Bitcoin as legal tender. In a Monday post on X, the official account of the office of Paraguay’s president asked followers to “dismiss any recently published content” without official confirmation…
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Key points: Bitcoin opened the week with strength as bulls target new highs in BTC and altcoins. Many major altcoins are stuck in a range, but HYPE is showing signs of strength. Bitcoin (BTC) made a solid start to the week, sprinting toward the overhead resistance zone of $109,588 to $111,980. The move higher may…
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Key takeaways: A newly created whale wallet opened a $54.5M 20x long position on Bitcoin at $106,538. Bitcoin nears $108,000 as US-China trade talks and bullish equity forecasts lift market sentiment. Analysts expect BTC to break its all-time high within 1–2 weeks, mirroring recent breakouts in gold and the S&P 500. Bitcoin (BTC) reached $108,000…
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Representatives in Washington want the Commodity Futures Trading Commission (CFTC) to regulate crypto, but there are questions about whether the agency is up to the task. Last week, US Congressman French Hill released the first draft of the Clarity Act, a bill that would create a new category of asset, the “digital commodity.” It would…
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Stablecoin issuer Tether plans to open-source its Bitcoin mining software, a move the company said would allow new miners to enter the market without relying on expensive third-party vendors. By open-sourcing its Bitcoin Mining OS (MOS), “A horde of new Bitcoin mining companies will be able to enter the game and compete to keep the…
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What is hodling crypto? Hodling crypto means holding onto cryptocurrency long-term instead of selling, regardless of market volatility. In 2013, a late-night forum post on Bitcointalk was titled “I AM HODLING.” The user, clearly frustrated with market swings and maybe a few drinks in, meant to say “holding.” Nevertheless, the typo stuck. In the years…
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Opinion by: Agne Linge, head of growth at WeFi Decentralized finance (DeFi) disrupting and outcompeting TradFi has long been the dream of many innovators in the crypto field. Some of them lauded the over $40 billion in net inflows to spot Bitcoin (BTC) exchange-traded funds (ETFs) — recorded in the US since last January’s regulatory…
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Australian authorities have charged four individuals following an 18-month investigation into a $190 million Australian dollar ($123 million) crypto laundering operation allegedly run through a cash-in-transit security company. The Australian Federal Police said they had frozen about $13.6 million worth of suspected criminal assets across the states of Queensland and New South Wales. The Queensland…
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