Tag: 140K

Bitcoin Selling Profit Driven But $140K in July Is Possible

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Key takeaways: Bitcoin is stuck between $100,000–$110,000 as mid-to-long-term holders lock in profits. Despite the movement of older coins, one analyst sees this redistribution as typical in bull markets and believes the market is absorbing the selling pressure. Data from Glassnode suggests that Bitcoin’s (BTC) range-bound trading price between $100,000 and $110,000 is the result of profit-taking. The data shows mid to long-term holders (LTHs) leading the sell-off, with coins aged 3–5 years realizing $849 million, while coins in the 7–10 years cohort cashed out $485 million. The 1–2 year…

Bitcoin Clears Path to $140K, Bitfinex Analysts at Crossroads

Key Notes Bitcoin rallies to $107K, driven by ETF inflows and weakening long-term holder profits. Bitfinex warns of fading momentum, as OBV and MACD show signs of exhaustion. Bulls eye $140K targets via Fib levels, but macro catalysts like Fed policy will likely dictate the next breakout. After briefly surging past $107,000 with a 13% jump in trading volume, the world’s largest cryptocurrency could be setting its sights on $140,000, but the road ahead may not be as straightforward as Bitcoin BTC $106 728 24h volatility: 0.7% Market cap: $2.12…

Bitcoin Price Volatility Looms Ahead of CPI Data, but BTC $140K Rally Possible.

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Key takeaways: Bitcoin price may dip toward the $100,000-$104,000 range before new highs. CPI data on June 11 could trigger volatility, with higher inflation hurting Bitcoin. BTC is forming bullish cup-and-handle and bull flag patterns targeting $140,000. After last week’s volatility fueled by the Trump-Musk public breakup, Bitcoin (BTC) price has established a range between $103,800 and $106,900 over the last three days. With BTC failing to demonstrate a clear directional bias in the daily time frame, analysts said the price may dip lower before reaching new all-time highs. Will…

Bitcoin price could hit $140k as institutional interest rises: MEXC COO

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Macroeconomic uncertainty is causing institutions to rethink their positions, which is leading many to Bitcoin, says Tracy Jin. The increasingly turbulent macroeconomic environment is making companies rethink their investment strategies. However, this may be good for Bitcoin (BTC), as institutions flee from traditional types of assets. Tracy Jin, COO of the MEXC exchange, told crypto.news that increased institutional interest can potentially push Bitcoin’s price to $140,000. Jin noted that many corporations have pivoted sharply toward integrating Bitcoin into their portfolios. In particular, institutional capital is moving away from U.S. Treasurys,…

AI-Led Investment Fund Sees Bitcoin Price (BTC) Going to $140K

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Another memorable trade: chipmaker giant Nvidia has been AI’s top pick since the experiment began in summer of 2023. “Back then, I was like, ‘Oh, my God.’ Nvidia had run so much at that point,” Clinton said. “But it’s up now like 400% from the moment the AI picked it.” The lesson in there, he says, is humans will react to charts emotionally, whereas AI “just doesn’t care. It says ‘No, this is going to go higher.’” Original

Janet Yellen’s ‘Buy Bitcoin’ note hits $140k in online auction

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A “Buy Bitcoin” note, previously shown behind former Federal Reserve Chair Janet Yellen, is now drawing bids at $140,000 in an online auction. A legal pad bearing the phrase “Buy Bitcoin” is attracting bids nearing $140,000 in an online auction, gaining attention after being displayed behind former Federal Reserve Chair Janet Yellen during Congressional testimony nearly seven years ago. Made by Christian Langalis, then a 22-year-old intern at the Cato Institute and a Bitcoin enthusiast, the written message sparked both controversy and admiration. Original “Buy Bitcoin” sign | Source: Scarce…

NFT artist raises $140K for cancer support charity

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A nonfungible token (NFT) artist raised nearly $140,000 (114,000 British pounds) from an art event in Edinburgh, Scotland to support cancer treatment. Maggie’s Edinburgh — an institution dedicated to free cancer treatment — received 114,000 pounds from Trevor Jones, a popular crypto artist from Scotland, who raised funds at a charity exhibition and auction at an annual Web3 Castle Party near Paris. According to Maggie’s Edinburgh Fundraising, the funds collected by Jones amounted to the highest single donation from an art event recorded in the Edinburgh Center’s 27-year history. A…

Will Mt. Gox Release The 140K BTC On January 2023? Repayment Methods Revealed

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The Mt. Gox hack was a watershed moment for bitcoin. And the future repayment to the affected people will surely be another one. Since we’re in a bear market, most people worry about what effect will those 140K BTC will have on the price. Will the Mt. Gox class prove to be holders or will they sell it all as soon as they get it? That’s a question for another day, since the Mt. Gox class has until January 10th, 2023, to complete registration and select their preferred payment method.…