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The Weekly Recap: Bitcoin Rejected at $50K, Cardano and Solana Break All-time Highs

It was a compelling week in the cryptocurrency markets. It took bitcoin more than three months, but it finally did it this week – reaching the $50,000 price line for…

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Price Analysis Overview August 27: Bitcoin, Ethereum, Ripple, Cardano & Solana

Bitcoin (BTC) Bitcoin is up a small 1% this week after getting rejected trying to breach above the $50,000 mark on Monday. The current high since May now lies at…

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Adam Back and Stock-to-Flow Model Anticipate Bitcoin (BTC) to Reach $100K by The End of 2021

The British cryptographer Adam Back expects bitcoin to reach a price of $100,000 by the end of the year. Comparing the primary cryptocurrency to gold, he praised the former as…

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Accumulation Resumes: After Short Break, Third Largest Bitcoin Whale Buys $24M Worth of BTC

The mysterious BTC whale, who was recently frequently sending lots of coins to Coinbase, has changed the strategy on the largest cryptocurrency. On-chain data shows that they have accumulated more…

Continue ReadingAccumulation Resumes: After Short Break, Third Largest Bitcoin Whale Buys $24M Worth of BTC

Bitcoin Reclaims $47K: Solana (SOL) Surges 22% to New All-time High (Market Watch)

Bitcoin continued to trade around the $47,000 line in the past 24 hours after it dropped to a weekly low beneath $46,400. Most altcoins have stalled since yesterday, except for…

Continue ReadingBitcoin Reclaims $47K: Solana (SOL) Surges 22% to New All-time High (Market Watch)

BTC Retraces as Short-Term Selling Pressure Continues: Was $50k a Local Top? (Bitcoin Price Analysis)

Bitcoin managed to daily close back above $48.1k, but met with selling pressure throughout the day, hitting an intraday low of $46.3k, according to Bitstamp. Short-term technicals have turned cautiously…

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Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K?

The indicators, coupled with a strong bid momentum versus the offers, suggest that Bitcoin’s price could push above $50,000 in the coming sessions.

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Correction Intact: Bitcoin Slumps Over $3K After the Rejection at $50K, Total Cap Retests $2T

The volatile nature of the cryptocurrency market stroke again, with bitcoin displaying several $2,000 moves in both directions. Nevertheless, BTC dropped below $47,000, and most of the altcoins have followed…

Continue ReadingCorrection Intact: Bitcoin Slumps Over $3K After the Rejection at $50K, Total Cap Retests $2T

Morgan Stanley Increases its Crypto Exposure With Large Investments in the Grayscale Bitcoin Trust

Despite the bearish rhetoric prevalent among crypto analysts until recently, Morgan Stanley, one of the largest banks in the United States, has been gaining exposure to Bitcoin by investing millions…

Continue ReadingMorgan Stanley Increases its Crypto Exposure With Large Investments in the Grayscale Bitcoin Trust