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Bitcoin Surpasses $70,000 Again Despite Negative Buyer Volume

Bitcoin rose again above the $70,000 level in the last day, despite the negative volume of net borrowers of the asset. Bitcoin net borrower volume has seen huge negative spikes recently As Maartunn, community manager at CryptoQuant Netherlands, explained in a post on “Net Taker Volume” is an indicator that tracks the difference between Bitcoin…

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Bitcoin at a Crossroads Ahead of Halving: Will BTC Drop to $53,600?

Bitcoin prices are volatile and have recently fallen from a high of over $73,000 in March to current spot levels. Analysts are turning to historical data to gain insight into growing selling pressure and some investors’ concerns about potential near-term losses. This historical analysis is crucial in determining whether we have reached a market high…

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Bitcoin Network Fees Double as BTC Nears $70,000

Bitcoin [BTC] has been trending higher over the past week, and a rise in transaction fees has reflected this increase. However, the increase in rates cannot be attributed solely to rising prices; on the contrary, it is also influenced by a slight increase in ordinal transactions observed during the week. Double Bitcoin Fees Data from…

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Bitcoin Roadmap to $150,000: Why a 40% Correction Is Expected

Bitcoin price rose above $50,000 and mounted a sustained rally to $53,000 before falling again, something that took the market by surprise. However, with expectations increasingly strong for the cryptocurrency, this could signal the time for a possible correction and crypto analyst and market expert Michaël van de Poppe believes this correction could reach 40%….

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Bitcoin Under $39K As ETF Debut Continues To Be a ‘Sell-the-News’ Event

The global cryptocurrency market cap has lost $40 billion over the past 24 hours amid the sustained market-wide turbulence that has seen several assets, such as Bitcoin (BTC) and Ethereum (ETH) drop by shocking margins. This downtrend, which started on Jan. 12 following the initial hype surrounding the spot Bitcoin ETF approval, has endured amid…

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Bitcoin Coinbase Premium Soars: What It Says About $45,000 Breakout

Data shows that the Bitcoin premium on Coinbase has soared amid the recent rally. Here’s what that says about the source of the increase. Bitcoin Coinbase Premium Spread Turned Extremely Positive As Maartunn, community manager of CryptoQuant Netherlands, points out in a new post The “Coinbase Premium Gap” is an indicator that tracks the difference…

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Bitcoin Network Strengthens: Hash Rate Hits New All-Time High

Network data shows that Bitcoin mining hashrate has continued its recent upward trend and reached a new all-time high. Bitcoin’s 7-day average mining hash rate just hit a new all-time high “Mining hashrate” refers to a metric that monitors the total computing power that miners have connected to the Bitcoin blockchain. This indicator can be…

Market Shakeup: Bitcoin Falls Below $42,000 as Short-Term Holders Rush to Take Profits

Currently, Bitcoin is witnessing a drop in price, with its value falling below the $42,000 mark. This move follows a significant increase in the circulating supply of profitable Bitcoin, triggering a wave of profit-taking among investors. ETC Group’s head of research, André Dragosch, highlights this trend and observes an increase in the transfer of Bitcoin…

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Bitcoin Breaks Past $44,000: Will $45,000 Be Next This Week?

Bitcoin (BTC) is having a moment again. The world’s largest cryptocurrency is enjoying a 150% surge this year as its price surpassed $44,000 on Wednesday, the first time this has happened in over 18 months. The rise is indicative of the cryptocurrency’s continued rise, which is supported by a number of elements such as a…