Tag: Cryptocurrency market

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Bitcoin Price Analysis: Key Support Level Breached After Rejection at $70K

Bitcoin recently faced a significant drop below the crucial support level of $67,000 to $68,000 after failing to break above the $70,000 mark. According to crypto analyst Josh, Bitcoin needs to surpass this support...
news-17062024-211917

Cryptocurrency Market Update: First Mover Americas Reacts to Fed’s Hawkish Stance

The cryptocurrency market experienced a downturn following the Federal Reserve's decision to reduce interest-rate cut expectations. Bitcoin and ether both saw a 1% decrease in their value over a 24-hour period. Bitcoin was trading...
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Bitcoin Investment Products Experience Over $600M Outflows Last Week: CoinShares

Bitcoin investment products experienced significant outflows last week, totaling $621 million, according to asset manager CoinShares. This outflow was a result of mixed economic signals from the U.S., which impacted the broader digital asset...
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Bitcoin Miners Profit from BTC Rally as Crypto Exchange Transfers Surge

Bitcoin miners have been taking advantage of the recent rally in BTC prices, with a significant amount of BTC transfers from mining pools to exchanges totaling $209 million. This surge in transfers coincided with...
news-15062024-090651

Ether ETFs Approval Expected by September: SEC Chair Gensler

During a recent budget hearing, Securities and Exchange Commission Chair Gary Gensler mentioned that final approvals for exchange-traded funds (ETFs) trading Ethereum's ether (ETH) are expected to be completed by this summer. He stated...
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Ethereum Withdrawals Surge Over $1.2 Billion: Analysis & Trends

Ethereum has recently experienced a surge in withdrawals totaling over $1.2 billion, indicating that large crypto investors, also known as whales, are anticipating a price recovery. These significant withdrawals have led to Ethereum balances...
news-15062024-025533

Bitcoin Struggles Near $67,000 as Cryptos Lag Behind Stocks Bitcoin Price Struggles Near $67,000 Amid...

Bitcoin struggled to maintain its price near $67,000 as the overall crypto market remained stagnant. The leading cryptocurrency has been trading sideways after failing to sustain upward momentum earlier in the week. Investor confidence...
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