Bitcoin price coils as market confirms $65K as ‘real resistance’
BTC price “chop” is still the name of the game with Bitcoin bulls yet to mount a charge at a $65,000 sell wall. Go to Source
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Fed’s ‘juice’ into crypto has analyst eyeing ‘trimming’ opportunities
The US Fed’s decision to cut interest rates was just “catching up to market expectations,” as an analyst argues a lot of the added “juice” was already priced in the riskier assets. Go to Source
Biggest fears about Bitcoin’s future: Industry weighs in
Reddit’s Bitcoin community remains optimistic about BTC, but members are still eager to discuss the most valid concerns regarding Bitcoin’s future. Go to Source
‘Sustained’ Bitcoin ETF inflows may ‘buoy’ price despite slowing spot buying
A more “sustained” run of spot Bitcoin ETF inflows may counteract the Bitcoin “spot market buying slowing,” says Bitfinex analysts. Go to Source
Bitcoin sell-side risk hits 2024 low just $10K from BTC price record
Bitcoin sellers are not rushing to distribute coins at current BTC price levels — even as hodler cohorts return to net profit. Go to Source
FBI Warns of Growing ‘Pig Butchering’ Crypto Schemes in Maryland
The Federal Bureau of Investigation (FBI) Baltimore office has issued a warning about the increasing prevalence of cryptocurrency investment fraud in Maryland. Known as “pig butchering,” scammers trick victims into fake crypto investments, leading to massive financial losses. FBI Warns of Surge in Cryptocurrency Investment Scams in Maryland The Federal Bureau of Investigation (FBI) Baltimore … Read more
Positive Signals For Bitcoin: Long-Term Support Levels Indicate Growth Ahead
Recent data suggests a favorable outlook for Bitcoin as long-term support levels remain strong. The 30-day Exponential Moving Average (EMA) of Binary Coin Days Destroyed (CDD) is fluctuating between 0.1 and 0.3, indicating that long-term holders are actively accumulating Bitcoin. Long-Term On-Chain Support Levels Signal a Positive Outlook for #Bitcoin “The 30-day EMA of Binary … Read more
Blackrock’s Head of Crypto Sees Bitcoin as ‘Risk Off’ Asset Despite Stock Correlation
Blackrock’s digital asset chief sees bitcoin as a “risk-off” asset even though it has shown a pattern aligned with U.S. stocks. He drew parallels between bitcoin and gold, pointing to its decentralized structure and limited supply as crucial factors setting it apart. Blackrock’s increasing engagement with bitcoin is also reflected in the strong performance of … Read more
$70K next for Bitcoin? China joins Fed in ‘huge macro event’
Bitcoin traders are getting divisive while BTC price action bides its time as more central bank policy easing is announced. Go to Source
Bitcoin price target rises to $78K after Chinese stimulus package
Bitcoin rallied strongly after the previous two stimulus package announcements by the People’s Bank of China. Go to Source