bitcoin traders – DIGIT INFO

Bitcoin’s Bullish Turnaround: New Investor Influx Key To Sustained Growth

DIGIT — Thu, 03 Oct 2024 09:45:09 +0000

Since early 2024, Bitcoin and Ethereum have experienced a decline in active addresses, a crucial metric for gauging market sentiment. For the bulls to regain control, an influx of new investors is essential. Current Market Snapshot: – Bitcoin active addresses: 1.17M (early 2024) → 855K – Ethereum active addresses: 382K (early 2024) → 312K Since early 2024, active Bitcoin and Ethereum addresses have been declining “For the bulls to dominate the market, the influx of new investors is a crucial condition. 1. Bitcoin 1.17M -> 855K2. Ethereum 382K -> 312K” – By @burak_kesmeci Full post https://t.co/gZftQidnxa pic.twitter.com/q5cdpv7x6t — CryptoQuant.com (@cryptoquant_com)

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Bitcoin’s Bullish Trajectory Should Resume After the Halving, Analysts Say

DIGIT — Thu, 18 Apr 2024 02:09:07 +0000

Global asset management firm Alliance Bernstein has explained that bitcoin’s bullish trajectory should resume after the upcoming halving event. The firm’s analysts described: “We believe it is always new demand catalysts that lead to bitcoin price appreciation in every cycle.” Bernstein’s Analysts on Bitcoin’s Price Post-Halving Global asset management firm Alliance Bernstein’s analysts Gautam Chhugani […]

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Peter Brandt Raises Bitcoin Price Target to $200,000 for the Current Bull Market Cycle

DIGIT — Wed, 28 Feb 2024 02:30:54 +0000

Veteran trader Peter Brandt has provided an update on his bitcoin price prediction. He explained that the price target for “the current bull market cycle” scheduled to end in Aug/Sep next year has been raised from $120,000 to $200,000. Peter Brandt on Bitcoin Bull Market Cycle Peter Brandt provided an update on his bitcoin price […]

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Bitcoin In Contango: How Pricing Differences Can Foreshadow Further Gains

DIGIT — Thu, 25 Mar 2021 00:30:41 +0000

Major differences in the spot price for bitcoin and the cost of buying the cryptocurrency in the futures market create unique opportunities for traders. Several factors may be behind this development, but it could be bullish for the bitcoin price outlook no matter the catalyst. Curious Developments Could Highlight Supply Shortage or Heightened Derivatives Demand […]

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Bitcoin Investors Unfazed By Great Twitter Hack, as Volatility Remains Stable

DIGIT — Fri, 17 Jul 2020 01:01:54 +0000

Bitcoin traders seem unfazed by the massive Twitter hack on Wednesday, as the price of the top cryptocurrency has largely remained steady. Prominent U.S. figures including billionaires Bill Gates, Elon Musk, and Jeff Bezos were targeted by hackers in an apparent Twitter bitcoin (BTC) scam. The official accounts of former president Barack Obama as well […]

The post Bitcoin Investors Unfazed By Great Twitter Hack, as Volatility Remains Stable appeared first on Bitcoin News.

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Another US Bitcoin Trader Faces Prison for Illegal Money Transmission

DIGIT — Mon, 11 Jun 2018 22:19:11 +0000

This week in Southern California a Los Angeles woman who called herself the ‘Bitcoin Maven’ will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins. Also read: Bitcoin Cash Innovation Continues with the […]

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Pakistanis Find Ways to Trade Bitcoin Rendering Ban Ineffective

DIGIT — Mon, 14 May 2018 01:18:56 +0000

The crypto ban in Pakistan is proving to be not as effective as expected. If anything, the State Bank has barred commercial banks and financial firms from dealing in cryptocurrency which, of course, makes life harder for local exchanges. Individual traders, however, are finding alternative ways to acquire or sell cryptocurrencies, defying the warnings and […]

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Only 8.5% of Bitcoin and Cryptocurrency Traders Are Female

DIGIT — Sun, 13 May 2018 21:19:00 +0000

A new demographic analysis of people trading in cryptocurrencies has brought up some intriguing results such as that only very few are female, most have little to no previous experience, and many are students or working in sales and marketing roles. Also Read: Israel Tax Authority Hunts for Bitcoin Traders on Social Media Understanding Trading […]

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P2P Trade Spikes in Canada Amid Bank Restrictions on Crypto Transactions

DIGIT — Fri, 13 Apr 2018 13:50:57 +0000

The volume of P2P bitcoin trade in Canadian dollars has increased significantly since leading banks in the country imposed bans on crypto-related transactions. Toronto-Dominion Bank, the Royal Bank of Canada, and more recently the Bank of Montreal have limited or prohibited the use of their services and products to acquire cryptocurrencies. As a result, the […]

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Pakistan’s Urdubit Exchange Shuts Down After Crypto Ban

DIGIT — Thu, 12 Apr 2018 11:55:48 +0000

Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds “as fast as possible”. Its team confirmed on social media its operations had been suspended due to the prohibition of […]

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