Bitcoin ‘whale games’ come early as BTC price swoons below $60K
BTC price weakness delivers seven-week lows as whale “spoofing” across order books creates grim conditions for Bitcoin bulls. Go to Source
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Price analysis 6/24: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Bitcoin price descends to $60,000, but will traders buy the dip in BTC and altcoins? Go to Source
Why is Bitcoin DeFi blooming? Developers share their insights
Experts say that the lack of base yield and fragmented liquidity have made Bitcoin DeFi a challenging environment to navigate. Go to Source
Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD
The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation … Read more
Crypto investment products see $584M outflow as Bitcoin descends to $60K
Apprehension over a delay in interest rate cuts, a strengthening DXY and softness in Bitcoin price back the $584 million outflow in crypto investment products. Go to Source
Bitcoin Technical Analysis: Mt Gox Payment News Rattles Markets
Bitcoin’s price action on June 24, 2024, indicates a clear bearish trend. Hovering around $61,171, bitcoin has fluctuated between $60,580 and $64,384 in the past 24 hours. BTC’s market cap is $1.21 trillion, with a trading volume of $19.12 billion, reflecting significant market activity despite the decline. The decline on Monday aligned with recent news … Read more
Can $60K BTC price support hold? 5 things to know in Bitcoin this week
Bitcoin sentiment is taking a serious beating after BTC price weakness sees six-week lows return. Go to Source
Japan’s Metaplanet plans 1B yen bond sale to buy more Bitcoin
If it could buy the Bitcoin today, Metaplanet’s total Bitcoin holdings would be 241 Bitcoin, worth around $15 million. Go to Source
Bitcoin’s Power Law Model Gains Traction Despite Market Fluctuations
In 2020 and early 2021, the stock-to-flow (S2F) bitcoin price model captured widespread attention. Although bitcoin currently stands over 13% below its peak value reached in March, the Power Law Corridor model has become increasingly influential. Many hold the view that the Power Law model’s support line has remained steadfast for over ten years and … Read more
Bitcoin price loses ground as TON, PEPE, KAS and JASMY catch traders’ attention
TON, PEPE, KAS, and JASMY could attract buying if bears fail to pin Bitcoin below $64,602. Go to Source