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Bitcoin Plunges Below $60,000 Amid Mt. Gox Repayment Fears: What’s Next for BTC?
Bitcoin (BTC) saw a significant drop on Wednesday, July 3, falling by 3.04% to close at $60,216. This decline followed a 1.25% loss on Tuesday, July 2, and was largely driven by market jitters surrounding the impending Mt. Gox repayment to its creditors, a factor that continues to impact the broader cryptocurrency market. The Mt. […]
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Bitcoin Leads Crypto Crash: BTC, ETH, SOL, XRP, and SHIB Tumble Amidst Market Correction
The cryptocurrency market experienced a significant downturn this week, with the global market capitalization plunging over 8% to a low of $2.38 trillion. This selloff resulted in a loss exceeding $250 billion in market value. Bitcoin Triggers Market Selloff Bitcoin, the leading cryptocurrency, bore the brunt of the selloff, with its price dropping from $70,978 […]
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Tether Doubles Down on Bitcoin, Surpasses 75,000 BTC in Reserves
Tether, the company behind the world’s leading stablecoin USDT, has been making significant strides in the Bitcoin accumulation race. A recent acquisition of 8,889 BTC has bolstered their reserves to over 75,000 BTC, valued at more than $5.3 billion. This move highlights Tether’s evolving strategy, venturing beyond its core stablecoin business and embracing diversification and […]
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Bitcoin Bulls Charge as Halving Event Nears: $75,000 and Post-Rally Surge Anticipated
The highly anticipated Bitcoin halving event looms large just 20 days away in April 2024. As the countdown intensifies, Bitcoin (BTC) has exhibited encouraging signs with a recent price surge. At press time, BTC is trading around $69,500, boasting a market cap of $1.366 trillion. Strong Breakout Paves the Way for Halving Crypto analyst Rekt […]
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Avalanche (AVAX): Price Dip Incoming – Buy Now or Wait for a Deeper Drop?
Avalanche (AVAX), a popular smart contracts platform, has experienced a price correction in the past 24 hours. While the long-term outlook remains positive, technical indicators suggest a potential for further dips before a potential rebound. Recent Price Drop and Momentum Divergence AVAX’s price dropped from $65.39 to $56.89 within the last day, reflecting a 12.9% […]
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Bitcoin, Ethereum, XRP Slide: Correction or Crash? What Crypto Holders Need to Know
The cryptocurrency market witnessed a significant correction on March 15th, with leading assets like Bitcoin (BTC), Ethereum (ETH), and Ripple’s XRP (XRP) experiencing notable price drops. Bitcoin Tumbles with Bearish Signals: Also Read: Bitcoin Plunges 7%: Mass Liquidations and Drying Up of ETF Inflows Signal Bearish Shift Ethereum Feels the Heat: XRP Faces Volatile Future: […]
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Bitcoin Plunges 7%: Mass Liquidations and Drying Up of ETF Inflows Signal Bearish Shift
Bitcoin (BTC) experienced a significant price drop on March 15th, shedding over 8% from its all-time high. This sudden plunge comes amidst a wave of liquidations and a concerning decline in exchange-traded fund (ETF) inflows. Heavy Liquidations Signal Bearish Shift The crypto market witnessed a dramatic shift in sentiment on Thursday. Bitcoin’s price plummeted by […]
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Banking on Uncertainty: Will Bank Woes Fuel Bitcoin’s Rise or Spark a Crypto Crash?
The traditional banking sector has been facing significant challenges lately, and the ramifications could extend to the cryptocurrency market. While the impact is uncertain, experts predict it could swing both ways depending on the severity of the situation. Crypto as an Alternative: A Repeat Performance? Last year’s bank failures highlighted Bitcoin’s potential as an alternative […]
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Bitcoin Cools After ATH Run, Altcoins Diverge: DOGE, SHIB Slump, NEAR Soars 26%, SOL, BNB, MATIC, ATOM, HBAR See Gains
The cryptocurrency market has calmed down considerably after the intense volatility witnessed earlier this week. Bitcoin, which surged past its 2021 all-time high on Tuesday, has entered a consolidation phase, hovering around the $66,000 mark. Meanwhile, altcoins are presenting a mixed picture, with some recording impressive gains while others experience sharp declines. Also Read: Traditional […]
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BlackRock’s Bitcoin ETF, iShares Bitcoin Trust (IBIT) Leads Charge as Spot ETF Volumes Soar
BlackRock’s iShares Bitcoin Trust (IBIT) shattered its previous record for daily inflows on Tuesday, coinciding with Bitcoin reaching a new all-time high above $69,000. This surge in investor interest highlights the growing demand for regulated Bitcoin exposure through exchange-traded funds (ETFs). IBIT Surges Ahead, Grayscale GBTC Sees Outflows IBIT raked in a record $788.3 million, […]