Negative Bitcoin funding rates could be bullish: analyst crypto.news 07 August 2024 16:12, UTC The Aug. 5 market plunge reversed Bitcoin’s funding rate for margin positions, potentially setting the stage for a bullish fourth quarter. Pseudonymous CryptoQuant analyst ShayanBTC said that Bitcoin’s (BTC) early-August decline may benefit the digital asset before this year ends….
Bitcoin Losses in 2024 Mirror 2020 Bull Cycle blockchainreporter.net 07 August 2024 11:49, UTC The current percentage of Bitcoin in the loss range in 2024 is similar to the significant correction during the 2020 bull cycle, according to CryptoQuant. $BTC – UTXO loss ratio is similar to the 2020 bull cycle “The estimated percentage…
Bitcoin's Impending 'Death Cross' May Trap Bears as Bank of Japan Eases Rate Concerns coindesk.com 07 August 2024 09:06, UTC BOJ’s Uchida downplayed rate hike concerns amid market volatility. The anti-risk yen slides while BTC and stock futures rise after Uchida’s comments. The renewed risk-on hints at a possible bitcoin death cross bear trap….
Satoshi-Era Bitcoin Whale Transfers Nearly $14 Million Worth of BTC u.today + 1 more 07 August 2024 09:09, UTC According to data provided by cryptocurrency analytics platform Lookonchain, a miner waller has been activated for the first time in 11 years in order to transfer $13.95 million worth of Bitcoin. The miner earned 250…
El Salvador Accumulates More Bitcoin Amid Market Panic, 5834.75 BTC and Counting cryptonewsland.com 07 August 2024 09:17, UTC El Salvador’s Bitcoin reserves now total 5834.75 BTC, reflecting a consistent buying strategy despite market turbulence. Bitcoin is integrated into El Salvador’s economy for government services, with plans for a private investment bank. El Salvador’s transparency…
Trader Peter Brandt Forecasts Potential Bitcoin Breakout, Says BTC Correction Now Similar to 2017 Pullback dailyhodl.com 07 August 2024 09:27, UTC Seasoned trader Peter Brandt is suggesting that Bitcoin (BTC) may be gearing up for a massive breakout after Monday’s sharp decline. Brandt tells his 732,800 followers on the social media platform X that…
What Happens to Bitcoin if the US Economy Goes into Recession? Grayscale Analyst Explained en.bitcoinsistemi.com 07 August 2024 09:34, UTC Grayscale, the world’s largest digital asset company, shared its views on Bitcoin’s performance in the context of a potential US recession. The analysis follows a weak jobs report on Friday that reignited concerns about…
