October was a record-breaking month for BTC funds thanks to the approval of two futures-linked ETFs in the United States.
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October was a record-breaking month for BTC funds thanks to the approval of two futures-linked ETFs in the United States.
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The “Whales Supply Shock” metric has been pretty accurate in detecting Bitcoin market tops.
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Today, Bitcoin maintains a stable trading value well above $60k after experiencing a gradual appreciation of 7,749,999,900% ever since its launch.
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Analysts say multiple factors point toward ETH rallying to $5,000 and BTC is not expected to encounter significant resistance until $85,000.
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The number of “hodled” and presumably lost Bitcoin tokens continues to surge in sync with the BTC price.
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“The Market Report” with Cointelegraph is live right now with special guest Eric Balchunas, senior ETF analyst for Bloomberg.
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Analysts still hold a bullish longterm view of Bitcoin price, but they also agree that the newly launched BTC ETFs are a game-changer.
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SCRT and SHIB surge to new highs, while CRV’s rally breaks a nearly year-long sideways trend.
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The popular prediction model has been remarkably accurate in the past when it comes to forecasting Bitcoin’s bearish and bullish cycles against its rising scarcity.
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