The Bitcoin Miners’ Position Index achieved a three-year high, indicating that miners are likely in a selling mood. Bitcoin (BTC) miners appear to be selling large amounts of BTC once again. Data from CryptoQuant shows that the BTC Miners’ Position Index — a metric tracking the ratio of BTC leaving miners’ wallets — achieved a […]
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Analysts warn that a recovery in gold and the U.S. dollar index could negatively impact Bitcoin’s bullish momentum. Dan Tapiero, the co-founder of 10T Holdings, said weak hands have been shaken out in the gold market. This raises the probability of a gold rally in the near term, especially as it comes off of an […]
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Shapeshift CEO Erik Voorhees believes any asset manager who is ignorant of Bitcoin “needs to seriously check their premises.” Shapeshift CEO Erik Voorhees has drawn a metaphorical line in the financial sand, stating that every asset manager should understand Bitcoin now based on its astonishing rate of return. Voorhees made the comments while retweeting data […]
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Multiple voices forecast a weaker dollar in the long term, starting now, in a prime boost for safe havens. Bitcoin (BTC) may get fresh support for a record-breaking year in 2021 thanks to the demise of a familiar foe — the U.S. dollar. As various sources noted this week, USD is trading at almost three-year […]
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Bitcoin and most major altcoins could consolidate for a few days before starting the next big move. The crypto market has been in a strong bull run over the past few days, and that has pushed Bitcoin (BTC) to its second-best day ever. Almost every trader now seems to be fixated on the magical figure of $20,000 […]
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Dan Tapiero told Anthony Pompliano that $15 trillion in institutional capital could flow into Bitcoin, pushing prices as high as $500,000. Gold Bullion International co-founder Dan Tapiero believes that it’s only a matter of time before Bitcoin’s price surges into the six-figure threshold. Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in […]
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Bitcoin price has lost the $18,000 support level but several whale clusters below suggest that the dip will get aggressively bought up. Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: Tradingview Data suggests […]
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Bitcoin sharply dropped after nearing $18,500 on Binance and Coinbase but top analysts predict institutional investors will buy the dip. The price of Bitcoin (BTC) dropped sharply after approaching $18,500 on Binance and Coinbase. The plunge took place as large sell orders were spotted on both spot and futures exchanges. BTC/USD 15 minute chart. Source: […]
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Bitcoin is holding above $16,000 amid mixed feelings about the chances of all-time highs appearing this bull run. Bitcoin (BTC) begins a new week with stocks rising and the U.S. dollar falling — all while trading back above $16,000. What’s next for price action? Cointelegraph takes a look at the factors which could shape how […]
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It’s becoming increasingly clear that smart money is starting to take Bitcoin seriously. The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date making it once again the best-performing asset just as it has been for the past decade. Strangely enough, the […]
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