
Spot Bitcoin ETFs saw their steepest single day of outflows since Trump’s election win, signaling market jitters.
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Bitcoin’s price took a dip below the $54,000 mark on Friday, as the cryptocurrency continued its downward trend over the past week. The value slipped by 3.5% compared to the previous day, reaching a low of $53,810, a level not seen since early August. Bitcoin Reaches a 30-Day Low Over the past 24 hours, bitcoin […]
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Gold advocate Peter Schiff has conducted two polls regarding bitcoin’s value and investors’ actions if the crypto’s price falls significantly. Despite his consistent criticism of bitcoin, the majority of respondents expressed strong commitment to holding their BTC even if the price drops drastically. Schiff maintains that bitcoin’s value proposition is flawed and anticipates a significant […]
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Bitfinex analysts pointed out several reasons suggesting that Bitcoin’s bloodbath should be over soon.
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After completing the latest purchase, Metaplanet holds a total of 203,734 BTC bought at the average price of around $62,000 per BTC.
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The incoming selling pressure from the Mt. Gox repayment could still cause Bitcoin’s price to fall below the psychological $60,000 mark.
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The liquidation comes just a few days after the crypto market recorded a $400 million liquidation on Friday, June 7.
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At press time, bitcoin is trading for just over $7,300. This is a near $200 drop over the last 24 hours, and the bears are still having their way. The current sentiment is that bitcoin could fall to as low as an even $7,000 over the next few days. The currency has been dropping gradually since Sunday May 13, after it spiked to a new high of roughly $9,800. Maybe bitcoin just doesn’t like Mother’s Day… Still, others remain skeptical that bitcoin will stay at the $7,000 position or spike soon after that. Willy Woo, for example, is a cryptocurrency
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