An Argentinian bitcoiner and blockchain industry insider has claimed that Bitcoin (BTC) and crypto should not be equated – and has explained that BTC could one day surpass gold as a trading commodity. Speaking to the media outlet Rio Negro, Maximiliano Carjuzaa, the founder of Money On Chain, claimed that the “crypto world is full…
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Bitcoin’s latest resurgence, which saw the world’s largest cryptocurrency by market capitalization hit a new nine-month high in the mid-$26,000s on Tuesday, has been accompanied by a number of key technical and on-chain indicators roaring back to health and once again send a bullish BTC signal…. Read More: On-chain Indicators Scream Bitcoin Bull Market as…
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Digital asset investment products saw their highest-ever weekly outflow last week, according to the latest Digital Asset Fund Flows Weekly Report released by CoinShares. The $255 million in net outflows amounted to 1.0% of total assets under management (AuM) fleeing from the space…. Read More: Investors Dumped a Record Amount of Bitcoin Last Week, Only…
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After falling another 1% on Friday to take its week-to-date losses above 10%, Bitcoin (BTC) is now oversold, according to the widely followed 14-Day Relative Strength Index (RSI) indicator. BTC/USD was last changing hands in the $20,100s, having dipped as low as the $19,500s earlier in the session, with its RSI last just above 28….…
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As the bankruptcy proceedings of Mt. Gox continue, new developments have emerged regarding the Mt Gox Investment Fund, the exchange’s largest creditor. According to reports, the fund has no intentions of selling the tokens it is due to receive later this year. A person familiar with the fund’s activities who asked not to be identified…
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In wake of Bitcoin’s latest slide below the $21,000 level on Thursday as traders mull headwinds including a growing liquidity crisis amongst major crypto-friendly banks and ongoing macro headwinds as the US Federal Reserve signals risks, Bitcoin options have turned their most pessimistic on the cryptocurrency’s near-term price outlook this year…. Read More: Bitcoin Options…
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A deadline for when creditors to the collapsed bitcoin (BTC) exchange Mt. Gox can register their payment method to receive claims is coming up on Friday this week. The registration deadline was previously set to January 10, but has later been postponed to March 10…. Read More: Deadline Looms: Mt. Gox Bitcoin Exchange Creditors Must…
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A key indicator of profitability in the Bitcoin market just turned negative, a bearish sign according to some analysts. In wake of Bitcoin’s latest price dip back to the $22,000 area, the 30-day Simple Moving Average of the average Spent Output Profit Ratio (aSOPR) recently fell back below 1, as seen in the below chart…
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The positive correlation between the Bitcoin price and US stock prices, which reached a record high in 2022, is fading. The Bitcoin bulls will be hoping that this decoupling bodes well for Bitcoin, given it might mean that the US stock market’s ongoing struggles might be becoming less of a headwind for the world’s largest…
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Cryptocurrency markets have slipped on Tuesday in tandem with US stock prices as US yields and the US dollar rise in wake of hawkish commentary from US Federal Reserve Chairman Jerome Powell at the first day of his semi-annual testimony before the US Congress on Tuesday…. Read More: Bitcoin to Sub-$20,000 Next? Here’s What Options…
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