BTC

Report Suggests Robinhood Owns Largest Dogecoin Address and Third-Largest BTC Wallet

<div class=”featured_image_container”> </div> <strong>Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and …

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Bitcoin open interest mimics Q4 2020 as new report ‘cautiously optimistic’ on BTC rally

Bitcoin (BTC) futures open interest is mimicking the start of the BTC price bull run, data shows. As BTC/USD hovered near $40,000 on July 29, a fresh bullish report from Stack Funds called for “cautious optimism” about further price rises. cc Bitcoin has sought to flip $40,000 to support this week, returning to the level …

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Bitcoin tries to break $40K second time in two days

Bitcoin’s (BTC) volatility made the headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom that started on July 15, this is the second time Bitcoin is trying to break $40,000 resistance in two days.  Based on the data from Cointelegraph Markets Pro …

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Bitcoin hits $40K after a 6-week absence, but on-chain activity is ‘somewhat bearish’

Bitcoin (BTC) touched $40,370 on July 26 as a solid day of gains saw the return of a major price milestone.  BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView BTC price daily gains near 20% Data from Cointelegraph Markets Pro and TradingView showed BTC/USD touching $40,400 before consolidating nearby later on Monday. The pair had held on …

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This Year’s Gallup Poll Findings Suggest 6% of US Investors Own Bitcoin

<div class=”featured_image_container”> </div> <strong>Young U.S. investors are more interested in bitcoin investments than they were three years ago, according to a poll stemming from the Gallup Investor Optimism Index. This year’s poll surveyed 1,037 participants and findings suggest 6% of American investors own bitcoin. </strong> American Bitcoin Investors Increase by 4% in 3 Years The …

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Strategist Mike McGlone Believes Bitcoin Can Jump to $60K Resistance vs. $20K Support

<div class=”featured_image_container”> </div> <strong>The senior commodity strategist at Bloomberg Intelligence, Mike McGlone, has been long on bitcoin for a while now and he said last month that bitcoin has a “bullish ace up its sleeve.” This week the strategist’s analysis notes that bitcoin prices will likely revert toward the $60K handle in contrast to the …

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Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes

<div class=”featured_image_container”> </div> <strong>The price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day.</strong> Bitcoin’s Market …

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Here’s how altcoin futures volumes and the USD lending rate signal market crashes

Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain. These indicators are constantly monitored and commented on by analysts and …

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Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’

<div class=”featured_image_container”> </div> <strong>The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist, Julio Moreno, highlighted in a recent blog post that “in …

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