Tag: Bullish

BTC price remains ‘undoubtedly bullish’ as $30K Bitcoin buyers emerge

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Bitcoin (BTC) teased more rangebound moves on July 7 as traders recovered from a day of volatility. BTC/USD 1-day chart. Source: TradingView BTC price gets a bid after volatile 24 hours Data from Cointelegraph Markets Pro and TradingView showed BTC price action hugging $30,000 overnight. Bitcoin bulls had hoped that new yearly highs the day prior would allow BTC/USD to exit its months-long trading range for good, but ended up disappointed. The largest cryptocurrency saw rejection at $31,500, falling below the $30,000 mark just hours later to challenge the lower…

Animoca still bullish on blockchain games, awaits license for metaverse fund

Blockchain-based games have been a hot topic in the cryptocurrency space over the past two years, accounting for considerable growth and daily activity on a number of protocols despite prolonged bear market conditions. Market research estimates that Web3 gaming pulled in around $4.5 billion in funding in 2022 as asset managers, investment funds and venture capitalists look to cash in on the burgeoning sector. In an exclusive interview with Cointelegraph, Animoca Brands co-founder Yat Siu highlighted the firm’s renewed optimism in the blockchain gaming sector and gave an update on…

‘Bitcoin is an international asset’ — BlackRock CEO’s bullish remarks

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Larry Fink, the CEO of BlackRock, has delivered pro-crypto remarks amid the asset manager applying to list a spot Bitcoin exchange-traded fund (ETF) in the United States. Speaking on Fox Business on July 5, Fink said the role of cryptocurrency was largely “digitizing gold,” suggesting U.S. regulators consider how an ETF directly linked to Bitcoin (BTC) could democratize finance. During his time at BlackRock, Fink has often commented on major events affecting the crypto space, including the collapse of FTX in 2022 and rising interest in BTC. “Let’s be clear:…

Bitcoin futures premium hits 18-month high — Time to flip bullish?

The Bitcoin (BTC) futures’ premium has reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate “excessive excitement” or a “return to the mean” after a prolonged bear market. BTC price gains capped by regulators, macroeconomics Bitcoin’s price has been trading in a narrow 4.4% range since June 22, oscillating between $29,900 and $31,160 as measured by its daily closing prices. The lack of a clear trend might be uncomfortable to some, but that is a reflection of the opposing drivers…

LTC, XMR, AAVE, and MKR turn bullish as Bitcoin stalls under $31K

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Bitcoin (BTC) has been trading in a narrow range for the past few days but that doesn’t take away the sheen from its stunning 84% rally in 2023. The strong recovery in Bitcoin’s price has boosted buying in several altcoins, which have risen sharply from their yearly lows. As the second half of the year begins, the major question on every investor’s mind is, will the rally continue? CoinGlass data shows that July has seen only three negative monthly closes since 2013 and the biggest decline was 9.69% in 2014.…

Don’t be naive — BlackRock’s ETF won’t be bullish for Bitcoin

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There is no doubt that BlackRock’s spot Bitcoin exchange-traded fund (ETF) application — and the flood of contenders that followed — has buoyed the bulls. It could signal the winds of change in the regulatory sphere, they say. It could bring Bitcoin exposure to the masses, they holler.  While there might be some truth in these statements, we need to take a step back and look at the bigger picture. We should not be in a world where the mere possibility of a spot Bitcoin ETF coming to fruition in…

Bitcoin (BTC) Investment Sentiment Turned Bullish After Largest Weekly Fund Inflow in a Year

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However, the positive sentiment didn’t flow through into altcoin investments, according to the report. “This turn in sentiment didn’t trickle down to altcoins with only very minor inflows into XRP and Solana totalling $0.24m and $0.17m respectively. But the improved sentiment did encourage some investors to buy multi-asset investment ETPs, with $8m inflows last week,” the CoinShares report added. Original

Rising institutional interest is a ‘bullish’ sign for crypto: SEBA Bank exec

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As more institutions go from only showing their interest in the crypto space into actually investing in Web3 projects, getting into crypto turns into a question of “when” rather than a question of “if” according to an executive from institution-focused crypto firm SEBA Bank.  At the World Token Summit, Cointelegraph spoke with chartered financial analyst Nasha Afshar, who works as a director at SEBA Bank. Afshar discussed topics like the institutional interest and adoption of crypto and trends that they’ve been noticing as of late. Cointelegraph reporter Ezra Reguerra with SEBA Bank’s…

Bitcoin (BTC), Ether (ETH) Short Traders Lose Over $100M as Bullish Sentiment Returns

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“Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” shared Alex Adelman, CEO of bitcoin rewards app Lolli, in an email. “Bitcoin’s recent climb to over 50% market dominance in the crypto markets reflects a growing demand for bitcoin among institutional and retail investors as a highly secure, decentralized holding that has proven its value over time.” Original