Bitcoin Active Addresses Fast Dropping: Blame Spot ETFs?

Bitcoin is under pressure and struggling to peel back losses from early this week. Even with prices stabilizing in the last day, the path of least resistance is southwards for now. For the trend to shift, there must be a convincing close above the local resistance at around $66,000.

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CEO to Bitcoin Holders: Wait Until Q4 2024 for BTC Prices to Rally

Looking at the formation in the daily chart, Bitcoin bulls are struggling for momentum. Despite the expansion on August 8, reversing losses of August 5, buyers didn’t follow through, meaning traders are waiting for more confirmation before diving in.

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BlackRock Takes The Crypto ETF Throne, Surpasses Grayscale With The Largest Holdings | Bitcoinist.com

According to the latest data, the world’s largest asset manager BlackRock has added another feather to its cap, becoming the company with the largest crypto exchange-traded fund (ETF) holdings.

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