Tag: Bitcoin

Bitcoin Flirts With $90K in Volatile Trading Session

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Bitcoin came within touching distance of $90,000 in volatile trading during the European morning, swinging between highs well above $89,000 before falling below $86,000 as it encountered resistance on its path to another milestone. It was recently trading around $87,400. The surge in the last 24 hours has seen nearly $900 million of liquidations in crypto-tracked futures, equally distributed between bullish and bearish bets at almost $450 million apiece, according to Coinglass data. Notwithstanding the price swings, bitcoin is around 6% higher over 24 hours, outperforming the wider crypto market,…

Bitcoin surpassed silver; can BTC reach $100k in November?

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Bitcoin almost hit the $90,000 mark earlier today and became the eighth-largest asset in the world. Bitcoin (BTC) reached an all-time high of $89,604 earlier today as the broader crypto market enjoyed impressive gains — the global crypto market cap also hit an ATH of $3.11 trillion. Following the rally, Bitcoin’s market cap surged to $1.77 trillion, surpassing silver’s $1.7 trillion value, and sitting close to the $1.8 trillion market cap of Saudi Aramco, a national Saudi Arabian petroleum and gas company.  One reason was the $1.1 billion net inflows…

Bitcoin ETFs bring in $1.1b as Ether ETFs see record inflows

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U.S. Spot Bitcoin ETFs continued their inflow streak on Nov. 11, recording the second time daily inflows surpassed $1 billion this month. Since the start of November, a total of $4.96 billion has flown into Bitcoin ETFs according to SoSoValue data. The recent uptick in demand followed Donald Trump’s victory in the U.S. elections which has sparked market-wide optimism across the broader sector. BlackRock’s IBIT led the market on Monday, drawing $756.4 million in new investments and extending its three-day streak of positive inflows, while also setting a record with…

Bitcoin nears $90k, long-term holders wake up

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Bitcoin’s rally after the U.S. elections continues as the total crypto market cap reaches a new all-time high. Bitcoin (BTC) reached an ATH of $89,604 early on Tuesday with a market value of $1.77 trillion. The leading crypto asset saw a gentle drop as long-term holders started to make movements.  BTC is trading at $88,400 at the time of writing. Its daily trading volume keeps growing — currently at $133 billion. BTC price, dormant circulation and MVRV ratio | Source: Santiment According to data provided by Santiment, Bitcoin’s two-year dormant…

In Wild Trading Session, Bitcoin (BTC) Price Spikes Above $89K Battering Both Bulls and Bears

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The volatility caused nearly $700 million in liquidations on crypto-tracked futures, impacting both longs and shorts (or bets on higher and lower prices, respectively), with $380 million in bearish traders and $290 million in bullish bets evaporated. Such cumulative losses are the highest since early April, when BTC briefly crossed its previous peak at over $73,000. Original

Bitcoin Buying Pressure Rises, But Here’s Why A Pullback Could Be Coming

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A recent analysis from BaroVirtual, a CryptoQuant analyst, offers a nuanced perspective on the current state of the Bitcoin market. According to the analyst, fluctuations in the Coinbase premium—a key metric that tracks the price difference between Bitcoin on Coinbase and other exchanges—can offer significant insights. Retail Leverage And Premiums: A Double-Edged Sword Rising or elevated Coinbase premiums typically suggest intense buying pressure, indicating strong medium-term sentiment for Bitcoin. However, BaroVirtual warns that in the short term, these high premiums may present a double-edged sword, as they often precede a…