Category: Bitcoins
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Tether Unveils Synthetic Dollar Backed By Tokenized Gold, Citing Bitcoin’s Volatility
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Image: cryptobriefing.com In a strategic move to diversify its offerings and cater to the evolving needs of the digital asset market, Tether, a leading stablecoin issuer, has announced the launch of a new synthetic dollar token backed by tokenized gold. The decision to leverage physical gold as collateral for this…
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Is Bitcoin’s Downturn Far From Over?
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The world’s largest cryptocurrency by market cap has seen a major decline recently, falling below $59,000. Despite this decline, which some may see as a potential buying opportunity, Data This indicates that investors are approaching the market with caution. Declining Stablecoin Inflows: A Sign of Market Uncertainty? According to a…
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Bitcoin’s Influence On Altcoin Market: Expert Sheds Light On Correlation
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As the entire cryptocurrency market shows a recovery, one crypto expert has provided insights into the relationship between altcoins and Bitcointhe largest cryptocurrency asset, confirming how closely the recent performance of altcoins is tied to the current movement in Bitcoin. This relationship becomes especially evident when there is a significant…
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Bitcoin’s Role as Collateral in Real Estate Development Financing
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Boosting Creditworthiness with Bitcoin in a Debt-Heavy Economy Since US President Richard Nixon announced in 1971 that the US dollar would no longer be convertible into gold at a fixed rate, central banks around the world began operating a fixed exchange rate system. fiat monetary system With floating exchange rates…
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Bitcoin’s Role as Collateral in Real Estate Development Financing
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Boosting Creditworthiness with Bitcoin in a Debt-Heavy Economy Since US President Richard Nixon announced in 1971 that the US dollar would no longer be convertible into gold at a fixed rate, central banks around the world began operating a fixed exchange rate system. fiat monetary system With floating exchange rates…
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Bigger Risks More Returns: Ethereum’s Volatility Surpasses Bitcoin’s by 50%, Data Shows
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Although Bitcoin (BTC) and Ethereum (ETH) are still struggling to reclaim their all-time highs, there seems to be a clear reality between both assets now, as shown in the latest Data. In particular, according to a recent Matrixport report, Ethereum is now experiencing greater price volatility compared to Bitcoin in…
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Bitcoin’s Bullish Future: Why BTC’s Long-term View Still Looks Promising
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after BitcoinFollowing the recent recovery of Bitcoin price from a significant drop last week due to the broader market downturn, investors and traders have been speculating on the crypto asset’s short- and long-term performance. However, crypto analyst and trader Mags, who delved into the current price recovery, revealed that Bitcoin…
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Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally
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Ethereum price gained momentum to move above the $2,550 resistance area. Ethereum is now consolidating near $2,680 and is eyeing further gains above $2,750. Ethereum started a decent rally above the $2,450 and $2,550 levels. The price is trading above the $2,550 level and the 100-hour simple moving average. A…
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Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally
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Ethereum price gained momentum to move above the $2,550 resistance area. Ethereum is now consolidating near $2,680 and is eyeing further gains above $2,750. Ethereum started a decent rally above the $2,450 and $2,550 levels. The price is trading above the $2,550 level and the 100-hour simple moving average. A…
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Bitcoin Whales Scoop Up 84000 Bitcoins In July 24
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Image from Pexels The cryptocurrency market has been volatile in recent months, with Bitcoin (BTC) experiencing price declines and periods of consolidation. However, amidst this volatility, a notable trend has emerged – the massive accumulation of Bitcoin by large-scale investors, often referred to as “Bitcoin whales.” In a remarkable display…
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Bitcoin Whales Scoop Up 84000 Bitcoins In July 24
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Image from Pexels The cryptocurrency market has been volatile in recent months, with Bitcoin (BTC) experiencing price declines and periods of consolidation. However, amidst this volatility, a notable trend has emerged – the massive accumulation of Bitcoin by large-scale investors, often referred to as “Bitcoin whales.” In a remarkable display…
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Bitcoin’s Anticipated Retail Resurgence
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Bitcoin’s recent price action has been a roller coaster ride of highs and lows. However, while Bitcoin has hit an all-time high and enjoyed a near-constant positive trajectory for two years, we have yet to see a steady influx of retail investors. The potential for increased retail participation and the…
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Bitcoin’s Anticipated Retail Resurgence
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Bitcoin’s recent price action has been a roller coaster ride of highs and lows. However, while Bitcoin has hit an all-time high and enjoyed a near-constant positive trajectory for two years, we have yet to see a steady influx of retail investors. The potential for increased retail participation and the…
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Chart Art: Bitcoin’s (BTC/USD) Trend Pullback Opportunity
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As we reported in today’s broad daily market summary, the U.S. Securities and Exchange Commission has approved six ETFs for Bitcoin (ETH), and they are set to begin trading as early as Tuesday. It is no surprise that Bitcoin is facing some downward pressure as traders consider the possibility of…
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Bitcoin’s Price May Have Bottomed Out, But There’s a Catch: CryptoQuant
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Since the end of last week, the price of Bitcoin (BTC) has risen significantly, suggesting that the cryptocurrency may have bottomed out. Bitcoin has recovered to a high of $67,000, although it was hovering around $64,000 at the time of writing. This comes after holders of the currency suffered their…
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Bitcoin’s Price May Have Bottomed Out, But There’s a Catch: CryptoQuant
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Since the end of last week, the price of Bitcoin (BTC) has risen significantly, suggesting that the cryptocurrency may have bottomed out. Bitcoin has recovered to a high of $67,000, although it was hovering around $64,000 at the time of writing. This comes after holders of the currency suffered their…
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Bitcoin’s bullish sentiment in ‘serious decline’
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Positive sentiment for Bitcoin has seen a “serious decline,” according to analysts at market intelligence platform Santiment. On Thursday, as Bitcoin (BTC) struggled to regain its recent bullish trajectory, Santiment noted that funding rates were indicating an increase in bearish bets. “The positive sentiment towards Bitcoin has declined despite the…
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Local Bottom or More Pain for Bitcoin’s Price? Bitfinex Analysts Chip In
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Although Bitcoin (BTC) has fallen to its lowest level since February 26 and hovered around the $57,000 range over the past few days amid high volatility, Bitfinex analysts have seen on-chain signs that the leading crypto asset may not record any further declines. According to this week’s release of Bitfinex…
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What is the Key to Bitcoin’s Next Bull Rally? Analysts Chip In
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Bitcoin’s price has been stagnant since its peak in March due to tighter US monetary policy, which has reduced the supply of stablecoins, according to CryptoQuant analysts. “The reason why Bitcoin has not been able to rise further is mainly due to the tightening of monetary policy in the United…
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What is the Key to Bitcoin’s Next Bull Rally? Analysts Chip In
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Bitcoin’s price has been stagnant since its peak in March due to tighter US monetary policy, which has reduced the supply of stablecoins, according to CryptoQuant analysts. “The reason why Bitcoin has not been able to rise further is mainly due to the tightening of monetary policy in the United…