Bitcoin and the broader cryptocurrency market are bullish again; institutional investors have increased their allocation accordingly.
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Bitcoin and the broader cryptocurrency market are bullish again; institutional investors have increased their allocation accordingly.
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Bitcoin price increases will also be less dramatic moving forward, the report suggests.
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According to crypto analyst and trader Alessio Rastani, Bitcoin will finalize its upward trajectory toward $100,000 in the next few months.
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Altcoin projects focused on privacy caught a bid today as the bullish sentiment building over a possible Bitcoin ETF approval spreads across the market.
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Bitcoin price spikes above $61,800 as the promise of a BTC ETF approval reignites the discussion on whether the top-ranked cryptocurrency will hit $100,000 by the end of the year.
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Rumors of an imminent Bitcoin ETF approval are boosting sentiment and prices across the market, but caution is warranted, as it could turn into a buy-the-rumor, sell-the-news event.
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ALCX and SLP are flashing bottoming signals while BTC is steadily climbing toward $60,000.
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Open Interest surged to $3.22 billion Thursday to levels not seen since February.
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“The Market Report” with Cointelegraph is live right now with special guest Mati Greenspan, founder and CEO of Quantum Economics.
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