Bitcoin (BTC), the dominant cryptocurrency, experienced a downturn as it encountered selling pressure near the $30,202 threshold. The release of the Federal Open Market Committee (FOMC) minutes played a role in this downward trend. However, amidst the market turbulence, renewed optimism has emerged regarding Bitcoin’s ability to revolutionize the financial landscape, largely due to the…
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Financial giant, JP Morgan believes that an approval of a spot Bitcoin (BTC) ETF by the Securities and Exchange Commission (SEC) will not significantly affect the price and adoption of the asset. In a new report, the bank opined that while the community lauds the remarkable progress made by firms on the cusp of a…
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Bitcoin’s current trading pattern has been characterized by choppiness, as it maintains a narrow trading range between $29,000 and $31,350. As the crypto market continues to capture the attention of investors and enthusiasts, the question on everyone’s mind is: Can Bitcoin reach $100,000 this year? According to K33 Research Analyst, multiple positive catalysts lie ahead,…
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The San Francisco-based crypto bank Anchorage Digital has seen a surge in its business this year, as institutions seek safer ways to store their crypto, Bloomberg has reported. In the first quarter of 2023, Anchorage Digital’s assets under custody rose 80% compared to the prior quarter, the report said, while noting that the firm became…
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A recent report shows that Bitcoin miners have witnessed a notable achievement, surpassing its previous 2022 record. The report revealed that the miner made over $100 million from transaction fees alone in the second quarter of 2023. The amount accumulated is over five times the total fees earned in the previous five consecutive quarters. This…
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Luminex, a launchpad platform for Bitcoin Ordinals, has proposed a new BRC-69 standard which promises a staggering reduction of more than 90% on inscription costs. Ordinal inscriptions are digital assets similar to NFTs, inscribed on a Satoshi, the lowest denomination of a Bitcoin (BTC). Bitcoin Ordinals are on-chain, directly written on the Bitcoin network. Ordinals…
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South Africa’s Financial Sector Conduct Authority (FSCA) has mandated that all crypto exchanges register and obtain operational licenses by the end of 2023. According to the regulator, firms that fail to comply with this guideline and continue operating without a license will face the possibility of closing down or paying fines. The FSCA received about…
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Bitcoin (BTC) price is currently trading at $30,450, unable to break above the psychological level of $31,000. The formation of a bearish chart pattern suggests a potential downward trend in the near term. In this Bitcoin price prediction, we will analyze the market conditions and explore whether this bearish pattern presents a buying opportunity for…
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The recent resurgence in the crypto market, triggered by BlackRock’s unexpected filing for a spot Bitcoin exchange-traded fund (ETF), has led to a significant increase in inflows into ProShares’ Bitcoin futures-based ETF. ProShares’ fund, which trades under the ticker code BITO, experienced inflows of $14.9 million on June 29 and $11.9 million on July 3,…
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As Bitcoin’s (BTC) price tests the key psychological level of $31,000, investors are closely watching to assess whether this presents a favorable opportunity to enter the market. Bitcoin’s price has been hovering near this crucial level, with the market eagerly anticipating its next move. In this Bitcoin price prediction, we will analyze the current market…
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