The ‘Correlation-1’ Effect: Bitcoin and Stocks Fall in Tandem coinedition.com 08 August 2024 04:37, UTC The stock and crypto markets experienced significant volatility in the first week of August, triggered by a “correlation-1” event, resulting in a major sell-off. Bitcoin (BTC) witnessed its steepest price drop of the cycle, sparking a cautious sentiment among…
Bitcoin Price Eyes Additional Upsides: Will The Recovery Persist? newsbtc.com 08 August 2024 03:33, UTC Bitcoin price is consolidating near the $57,500 zone. BTC could gain bullish momentum if it clears the $58,000 resistance zone in the near term. Bitcoin started a recovery wave above the $55,500 and $56,500 levels. The price is trading…
‘Asia’s MicroStrategy’ Metaplanet secures ¥1 billion loan to acquire additional Bitcoin cryptobriefing.com + 18 more 08 August 2024 03:59, UTC Metaplanet, a Japanese publicly traded company often compared to MicroStrategy, announced today that it has secured a loan of 1 billion yen. The entire loan amount is dedicated to purchasing Bitcoin, a decision ratified…
Bitcoin surges to $58,000 amid renewed ETF inflows cryptobriefing.com 08 August 2024 14:11, UTC Spot Bitcoin (BTC) exchange-traded funds (ETF) registered $45 million in inflows on Aug. 7, according to Farside Investors. As a result, Bloomberg senior ETF analyst Eric Balchunas highlighted how surprised he is with the funds’ holders during the recent pullbacks….
Bitcoin Price Analysis: Why Ripple's $125M Fine Could Drive BTC to $70k thecryptobasic.com 08 August 2024 17:27, UTC Bitcoin price peaked at $58,800 on Aug 8, scoring 6% gains amid bullish tailwinds from news of Ripple securing a lenient fine in the long-running lawsuit with the US SEC. Technical indicators highlight key BTC price…
Hedge Funds Waiting To Buy Crypto Dip With ‘Tremendous’ Amount of Demand at Lower Prices: Report dailyhodl.com 08 August 2024 17:46, UTC US hedge funds and institutional investors reportedly remain bullish on Bitcoin (BTC) despite a massive selloff in the crypto market this week. According to a new report by Bloomberg, Yevgeniy Feldman, the…
Bitcoin Spikes 6% Toward $60K as Russia Recognizes Crypto Mining as Legitimate Business thecryptobasic.com 08 August 2024 17:47, UTC Russian President Vladimir Putin has endorsed into law the legalization of cryptocurrency mining in Russia, sparking dramatic gain for Bitcoin toward $60,000. Russian news agency TASS captured this latest regulation in a fresh publication. The…
