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Bitcoin is currently trying to stay afloat amid geopolitical tensions that have triggered a sharp decline in the flagship crypto’s price. At the time of writing, Bitcoin was experiencing a significant drop of nearly 15%, plummeting to a low of $60,660, its lowest level in almost a month.
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The meme coins sector of the crypto market is taking a big hit amidst a wider price decline in the industry. Recent lackluster price action has seen most cryptocurrencies struggling to maintain bullish price action for the majority of last week.
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Cardano (ADA) has been on a significant price decline in the past 30 days with important metrics pointing to a continued decline in the next few days.
This decline has seen the number of Cardano holders in profit falling massively, as evidenced by on-chain data.
The cryptocurrency world is abuzz with anticipation as Bitcoin (BTC) trades near its all-time high, inching closer to a potential record-breaking run. This bullish sentiment comes on the heels of a significant price surge in March, which saw BTC peak at $73,805.
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Recent market dynamics have seen Solana struggling to break above the $200 mark. A notable bearish factor among these market fundamentals is the recent reports of the estate of bankrupt cryptocurrency exchange FTX selling its $7.
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Shibarium, Shiba Inu’s layer-2 solution, recently reached an all-time high total value locked (TVL) of over $3.67 million. As if the current bullish sentiment around the Shiba Inu’s ecosystem isn’t enough, its layer-2 solution has now reached a milestone that could lead to a further price surge.
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Ark Invest CEO Cathie Wood has reiterated her bullish stance on Bitcoin. The investment mogul, who recently disclosed she allocated 25% of her wealth into Bitcoin, has now predicted the cryptocurrency is on a highway to new highs.
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The tides are turning for Bitcoin. In a sign of growing mainstream adoption, Bitcoin exchange-traded funds (ETFs) are witnessing a record influx of capital, even surpassing the daily production of new Bitcoins mined. This surge in investment, totaling a staggering $1.
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The world’s most popular cryptocurrency has more than doubled in value over the past year, reaching a record-breaking high of $73,750 on March 12, 2024. And if a chorus of optimistic analysts and bullish market indicators are to be believed, Bitcoin’s skyrocketing journey may not be over yet.
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Analysts are optimistic about the price trajectory of Bitcoin leading up to the upcoming halving event in April 2024. Projections indicate a potential surge in value post-halving, with estimates ranging from an average peak price of $87,800 to even reaching as high as $100,000, or more.
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The digital gold rush is back on. Bitcoin (BTC), the world’s leading cryptocurrency, shattered its previous all-time high on Friday, reaching a staggering $70,199. This astronomical rise has ignited a firestorm of debate within the crypto community.
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Bitcoin is currently trading at $51,660, still ranging around the $52,000 price level in the past week. Despite the sideways price movement, on-chain data from last week has shown continued bullishness among investors.
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Bitcoin has had a depressing week following the approval of spot Bitcoin ETFs in the US, becoming what many feared might be a sell-the-news event.
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