Tag: Investment

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How Binance’s 41,000 BTC Purchase Impacted the Bitcoin Market

Bitcoin has been trading sideways recently, trying to recover from the selling pressure it faced over the past week. Despite some optimism in the market, the daily chart shows a candlestick pattern that indicates...
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Andrew Tate’s DADDY Meme Coin: Early Buyers Holding $45M in Value

Social media influencer Andrew Tate's latest venture into the cryptocurrency world with the creation of the DADDY meme tokens has seen early buyers potentially holding $45 million in unrealized value, according to wallet tracking...
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Ethena (ENA) Investors Turn to Oasis (ROSE) and Bitbot for Gains

Ethena (ENA) investors are currently facing a tough time as the cryptocurrency struggles with bearish trends, with its price hovering around the $0.65 support level. This has led many investors to shift their focus...
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Ethereum Price Analysis: Impending Breakout After Consolidation?

My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to...
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RNDR Leads CoinDesk 20 Performance Update with 12% Gain

RNDR, a cryptocurrency, has taken the lead in the CoinDesk 20 Performance Update with an impressive gain of 12%. This news comes as a positive development for investors and enthusiasts in the cryptocurrency industry.CoinDesk,...
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Institutional Adoption of Bitcoin and Crypto Stocks: A Ripe Opportunity

Bitcoin and other cryptocurrencies are becoming more appealing to institutional investors, according to a recent report by brokerage firm Bernstein. The report suggests that there is still significant potential for institutional adoption of Bitcoin...
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Bitcoin Price Analysis: First Mover Americas Sees BTC Drop Below $65K

Bitcoin's price struggled to maintain its position above $65,000, dropping below $64,000 during trading hours in America. It briefly climbed back to $65,000 but then slipped towards the $64,500 mark, marking a 1% decrease...
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Metaplanet Purchases 42,466 BTC: A Game-Changing Move – CoinJournal

Metaplanet, a Japanese firm, has made a significant move in the cryptocurrency space by purchasing 42,466 BTC, equivalent to $2.5 million. This purchase has increased Metaplanet's total Bitcoin holdings to an impressive 203,734 BTC,...
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Unpacking the $7 Billion Drop in Bitcoin’s Open Interest

Bitcoin's open interest has recently taken a hit, dropping by $7 billion in just one month. This decline in notional open interest has coincided with a 14% decrease in the price of Bitcoin in...
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Bitcoin’s Potential as Global Reserve Currency Amid Inflationary Pressure

US billionaire Mark Cuban believes that Bitcoin has the potential to become a global reserve currency amidst inflationary pressure and geopolitical uncertainty. Cuban, who supports Joe Biden for re-election, stated that factors such as...