Tag: Bitcoin

Spot Bitcoin ETFs see negative day with $400.6m net outflows

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Spot Bitcoin exchange-traded funds in the United States experienced an outflow day on Nov. 14, ending their six-day inflow streak that had brought over $4.73 billion into the funds. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded net outflows of $400.67 million on Thursday, ending their positive run over the previous six trading days. The majority of the outflows were led by Fidelity’s FBTC, which logged outflows of $179.16 million—its highest outflow day since May 1, when it recorded $191.1 million in outflows. ARK and 21Shares’ ARKB…

Bitcoin Hits $90K Milestone—Is A Path to $100K On The Horizon? Analyst Weighs In

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Este artículo también está disponible en español. Bitcoin has reached a major milestone by surpassing the $90,000 price mark, marking a significant moment in its ongoing bullish rally. The price surge has drawn the attention of existing investors and attracted a new wave of market participants. This influx is evidenced by the increase in UTXO (Unspent Transaction Output) Age Bands. This metric tracks the distribution of Bitcoin holdings by age, according to an analysis shared by CryptoQuant analyst Shiven Moodley. This development reflects heightened interest and engagement in the Bitcoin…

Record-Breaking Bitcoin Rally Post-Trump Victory Begins To Cool In Derivatives Trading, What’s Next?

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Este artículo también está disponible en español. The massive Bitcoin (BTC) rally following Donald Trump’s victory in the US presidential election is beginning to show signs of slowing down, particularly in the derivatives market, as evidenced by the leading digital asset’s retreat below the $90,000 mark on Thursday.  Bitcoin Experiences Significant Liquidation Activity According to Bloomberg data, the premium for CME-listed Bitcoin futures contracts—commonly used by institutional investors to speculate on price movements—has decreased, indicating a potential shift in market sentiment. K33 Research notes that the basis, or the difference…

US State Introduces Bill to Establish Bitcoin Reserves in Treasury Funds

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A Pennsylvania lawmaker has introduced a bill allowing state funds to invest in bitcoin as a hedge against inflation, aiming to strengthen financial stability. Bill Introduced in Pennsylvania to Build Bitcoin Reserves for State Funds Pennsylvania State Representative Mike Cabell announced Tuesday that he is introducing a bill to allow the state’s Treasury and pension […] Original

$500K Bitcoin: Novogratz’s Take on US BTC Reserve Plan

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Galaxy Digital’s CEO predicts bitcoin could soar to $500,000 if Trump follows through with plans for a U.S. strategic bitcoin reserve, redefining global crypto policy. $500,000 Bitcoin? Bold Predictions as US Considers Strategic Crypto Reserve Michael Novogratz, CEO of Galaxy Digital, has predicted that bitcoin’s value could surge to $500,000 if the U.S. establishes a […] Original

Bitcoin Profit Taking Relatively Muted Amid $93K Rally – Can BTC Climb Higher?

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Este artículo también está disponible en español. Bitcoin (BTC) recently reached a new all-time high (ATH) of $93,477, as the leading digital asset inches closer to the highly anticipated $100,000 target. Notably, the ongoing price rally has seen relatively muted profit-taking, fueling hopes that BTC has further room to surge. Low Profit-Taking For Bitcoin In Current Cycle According to a recent report by Glassnode, the current BTC price momentum is primarily driven by strong spot demand and rising institutional interest. Particularly, the victory of Republican US presidential candidate Donald Trump…

Bitcoin Price Holds The Line: Is Another Surge Possible?

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Bitcoin price saw a short-term correction from the $93,450 zone. BTC is now consolidating gains near $87,000 and might attempt another increase in the near term. Bitcoin started a downside correction from the $93,450 zone. The price is trading above $87,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $87,000 zone. Bitcoin Price Starts Downside…

$150K Bitcoin: Scaramucci Sees Trump Depoliticizing Crypto, Fueling BTC’s Next Surge

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Skybridge Capital’s founder predicts bitcoin could reach $150,000 with eased regulations, noting that the Trump administration’s approach could help depoliticize crypto policy. Can Depoliticized US Policy Finally Push Bitcoin to $150,000? Skybridge Capital founder Anthony Scaramucci shared insights into potential U.S. policy changes affecting bitcoin and cryptocurrency in an interview with Saxo. As an investor […] Original