Tag: trading

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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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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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AAVE Outperforms in CoinDesk 20 Update

In an exciting update from CoinDesk, the latest market analysis showcases the standout performance of Aave (AAVE) and Litecoin (LTC), with AAVE emerging as a top performer, climbing by an impressive 6.9%, closely followed...
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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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Bitcoin Price Surge: Retail Investors Driving Growth – Will It Rebound?

Bitcoin, the world's leading cryptocurrency, has experienced a recent price decline, falling below the $60,000 mark. This downward trend has continued over the past month, with Bitcoin losing nearly 10% of its value. Despite...
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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 Price Drops Below $59K with $230M Crypto Liquidations

Bitcoin's price recently fell below $59,000 due to concerns about potential sell pressure from Mt. Gox repayments and potential miner sales. This drop also affected other major cryptocurrencies such as ether and Solana's SOL....
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Bitcoin’s Profitability: 97.9% Success Rate on 4,954 Days

Bitcoin has been proving its profitability over and over again since its inception, with a success rate of 97.9% on 4,954 trading days. This statistic, based on Glassnode data, showcases the consistent upward trend...