Sun, May 05, 2024

Bitcoin trading

Dollar and the short-end U.S. yields surge - DXY

Tokyo CPI & Global Events Shift US Dollar Dynamics

Quick Look Tokyo CPI may prompt BOJ policy shifts, impacting USD/JPY. ISM Services PMI rise challenges Fed rate cut expectations, affecting the U.S. dollar. The U.S. Dollar Index’s uncertain path hinges on Powell’s testimony and economic indicators. Slower U.S. wage growth and service industry expansion signal a cooling labour market. Bitcoin’s surge and fiscal policies …

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Bitcoin

Bitcoin’s Market Shift: End of Accumulation

Quick Look Bitcoin (BTC) concludes its year-long accumulation phase, signalling potential shifts in market dynamics. Glassnode reports a 2.6% decrease in accumulator balances, marking the first decline since Q1 2023. Recent price actions see BTC hitting all-time highs, followed by a significant sell-off and recovery. The introduction of U.S. spot-bitcoin ETFs in January introduces new …

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BODEN

BODEN Skyrockets 4,700% Post-Super Tuesday

Quick Look BODEN token experienced a staggering 4,700% increase, trading at $0.05 from an initial $0.002 post-Super Tuesday. In contrast, the TRUMP token declined despite Donald Trump’s strong Super Tuesday performance. Solana (SOL) showcases robust growth with a 500% increase since October, with recent trading at $129. Dogwifhat token’s significant 48% rise contributes to the …

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Cryptocurrency Investment Landscape: Strategies for Success

Navigating the dynamic world of cryptocurrency investment means staying ahead of the curve and understanding market trends. From understanding market volatility to safeguarding digital assets through secure wallet solutions, successful investors navigate a complex landscape with informed strategies and resilience. Moreover, risk management is crucial in institutional investment to minimize potential losses and enhance portfolio …

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Bitcoin peaks

Bitcoin Peaks at $64K, ETFs Attract $7.35B

Quick Look Bitcoin’s (BTC) price surged, peaking at $64,279, marking a significant rise for the first time since November 2021. U.S. Bitcoin ETFs have attracted $7.35 billion in net inflows since starting trading in January 2021. The upcoming Bitcoin halving event could reduce the new BTC supply, potentially pushing prices higher. Ether and Solana saw …

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Is solana dead? SOL Price Prediction

Solana Skyrockets: 30% Weekly Gain & $7B Volume

Quick Look Solana (SOL) witnesses a remarkable 10% increase for the second consecutive day, with its weekly gain hitting 30%. Daily trading volume eclipses the $7 billion mark. Analysts eye a potential rally to $200 in March. The Solana DeFi ecosystem expands, highlighted by Marginfi’s $580 million TVL and the upcoming YBX stablecoin launch. Solana …

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Solana

Solana Soars 13.3%, Hits $124.17 Amid Market Rally

Quick Look Solana (SOL) price soared by 13.3% in the last 24 hours, reaching a new yearly high of $124.17. Dogwifhat (WIF) memecoin, a Solana-based asset, witnessed a 55% spike ahead of Solana’s rally. Despite recent gains, Solana remains 52% below its all-time high of $259.62. Bitcoin (BTC) leads the market, with a 21% week-over-week …

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crypto halving

Feb 2024: Bitcoin Hits $57K, Market Cap Tops $2T

Quick Look Bitcoin (BTC-USD) surges past $57,000, marking its highest in over two years. Bitcoin has seen a nearly 30% increase year-to-date, ahead of the April halving event. Crypto market cap exceeds $2 trillion, surpassing the valuation of tech giants Amazon and Alphabet. MicroStrategy and Coinbase stocks see significant gains amidst the crypto rally. Bitcoin …

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bitcoin

Bitcoin Soars to $57K: Strategic Buys & ETF Optimism Fuel Rally

Quick Look Bitcoin reached a two-year peak of $57,036, signalling a robust 10% rally. MicroStrategy’s strategic acquisition of 3,000 bitcoins preceded the surge. Ethereum also showcased strength, hitting a peak at $3,275. U.S. Bitcoin ETF approvals have invigorated market optimism. Analysts forecast Bitcoin could soar to between $120,000 and $200,000 by late 2025. In an …

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Bitcoin

Bitcoin’s $48K Drop Alert & Ethereum’s 36% Surge

Quick Look Short-term forecast suggests Bitcoin’s price could drop to $48,000 – $50,000. The long-term outlook remains positive, driven by steady CPI figures and the potential for federal funds rate drops. Ethereum shows a significant rally, with a 36% increase in February. Market influences include changes in BTC-Spot ETF market flows, and Federal Reserve rate …

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Binance and Kraken crypto exchanges

Kraken vs. SEC: The November Lawsuit Showdown

Quick Look The SEC sued Kraken in November for operating without proper registration as a broker, exchange, and clearinghouse. Kraken contends that cryptocurrencies are commodities, not securities, challenging the SEC’s jurisdiction. The firm denies co-mingling funds and argues the lawsuit lacks claims of fraud or consumer harm. Kraken’s legal defence highlights the absence of a …

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Ethereum, wormhole, crypto

Bitcoin Soars 110% YoY Amid $200M Liquidations

Quick Look Bitcoin’s price dipped to a low of $50,700, with Ether falling just under $2,890 before both currencies made a recovery. Over $200 million in crypto futures liquidations occurred, with a significant Nvidia earnings beat sparking renewed interest in AI tokens. AI tokens’ market cap soared past $15 billion, led by OpenAI’s Sora product …

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Ethereum Dominates While Competitors Grow Rapidly

Cryptocurrency News: Bitcoin at $52K and $26M Hack

Quick Look Bitcoin surged early in the month, crossing the $50,000 mark, but has since shown signs of stalling at $52,000. BlackRock is on the way to overtake Microstrategy Inc. The largest holder of bitcoin, driven by high activity in spot bitcoin ETFs. New research deems attacks on Bitcoin and Ethereum consensus mechanisms economically unfeasible, …

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Bitcoin Price Falls Below $42k- Analysts Predictions

Bitcoin Eyes $78K After Tripling in 2023

Quick Look Bitcoin’s price has tripled since the start of 2023, eyeing a record high with four consecutive weeks of gains. Historical patterns suggest a potential rise to $78,000 following a four-week winning streak. Elliott Wave Analysis predicts a temporary retreat to $40,000 before a surge. Derivatives and options markets show optimism, albeit cautious, about …

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