Month: July 2024

Will Trump create a US Bitcoin strategic reserve?

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Rumors are circulating that Trump could announce a U.S. Bitcoin strategic reserve, already causing significant buzz in the crypto community. Former US President Donald Trump is set to deliver a keynote speech at next week’s 2024 Bitcoin Conference in Nashville. Rumors circulating on social media suggest that Trump might announce Bitcoin (BTC) as a strategic reserve asset for the United States during the talk. These speculations stem from Dennis Porter, co-founder of Satoshi Act, who claims credible sources confirm Trump’s intentions. HUGE BREAKING: Trump to announce a USA #Bitcoin strategic…

Crypto Analyst Predicts XRP To Hit $1.03 Soon, Warns Of Initial Dip

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The XRP price has staged an impressive rally in recent days, but this came to an abrupt end yesterday. After rising to as high as $0.6378, it plummeted by more than 11% temporarily. Nevertheless, the popular crypto analyst Dark Defender (@DefendDark) remains bullish in the short-term, even if the dip could widen further in the short term. XRP Price Could Eclipse The $1 Mark Again According to him, the XRP price is in a promising short-term uptrend towards the $1.03 mark. This analysis is based on the 4-hour timeframe and…

Research Shows Institutional Custodians and ETFs Drive Significant Bitcoin Market Movements

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The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF […] Original

Bitcoin mining analyst on Bitfarms: ‘CEO overhang now lifted’

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Despite recent takeover attempts and staff changes, analysts at H.C. Wainwright believe that Bitfarms’ future is bright.  On Wednesday, Bitcoin mining company Bitfarms hosted a virtual fireside chat featuring newly appointed CEO Ben Gagnon and CFO Jeff Lucas. This event marked Mr. Gagnon’s first public appearance since taking on the CEO role.  The discussion covered key topics, including the company’s strategic direction, expansion plans, and management’s perspective on the valuation disconnect with the company’s fundamentals. Analysts at H.C. Wainwright believe the company is making good progress toward achieving its hash…

Kamala Harris overtakes Biden for Dem nominee

Barely 24 hours after President Joe Biden tested positive for COVID-19, Polymarket punters began piling bets on Vice President Kamala Harris securing the Democratic ticket. Bettors wagering on Polymarket’s “Democratic Nominee 2024” outcome have staked $13.6 million on the odds that Kamala Harris will be picked over Joe Biden. The odds of Harris representing the Democrats in the November election increased to 52% on Thursday, up from under 25% at the start of the week. Biden’s odds moved inversely, dropping from over 55% on Monday to 30% at press time.…

Cryptoquant Insights Report: Seller Fatigue Suggests Bitcoin Price Bottom

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Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to potential positive price movement. Report Notes Seller Exhaustion in Bitcoin Markets, Despite Low Stablecoin Liquidity In the past week, […] Original