Financial Analyst States Bitcoin Is 'Not a Hedge Against Anything' news.bitcoin.com 06 August 2024 12:20, UTC Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper…
Bitcoin back at $55,000 after 8.5% recovery, ETF investors show “diamond hands” cryptobriefing.com 06 August 2024 12:44, UTC Bitcoin (BTC) is back at the $55,000 price level after a sharp 8.5% recovery over the past 24 hours. Spot BTC exchange-traded funds (ETF) investors’ activity has shown resilience so far, with ETFs such as BlackRock’s…
Bitcoin signals 'last buying opportunity before mega bull run' finbold.com 06 August 2024 12:54, UTC As Bitcoin (BTC) aims to reclaim and hold gains above $55,000, with a long-term target of $60,000, analysts have pointed out that chart patterns suggest it’s time to accumulate. Specifically, according to analyst Captain Faibiki, through an X post…
Rising Wedge Pattern Shows Bitcoin Might Drop to $51K Despite Recent Gains thecryptobasic.com 06 August 2024 15:17, UTC As Bitcoin and the rest of the crypto market observe a recovery campaign from the recent drop, some analysts warn there might be further downturn. Ali Martinez, an expert analyst on X, recently highlighted a bearish…
Morgan Stanley’s 15,000 Advisors to Pitch Bitcoin ETFs: BlackRock and Fidelity Lead the Charge cryptonewsland.com 06 August 2024 15:52, UTC Morgan Stanley’s 15,000 advisors will start pitching Bitcoin ETFs on August 7, 2024. Only clients with a net worth of at least $1.5 million will be targeted. BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise…
BTC price imminent rally? Bitcoin whales go on $1.6 billion buying spree finbold.com 06 August 2024 15:53, UTC It has emerged that Bitcoin (BTC) whales have taken advantage of the recent sell-off to accumulate the maiden cryptocurrency, suggesting a possible upcoming price breakout. The whales’ purchases are highlighted by data shared by crypto analyst…
We Don't Need BTC as Strategic Reserve, Jim Bianco Explains Why u.today 06 August 2024 15:54, UTC Creating Bitcoin (BTC) strategic reserve might look attractive for Bitcoiners, seasoned researcher and investor Jim Bianco admits. However, once created, it will allow the government to gain too much control over Bitcoin’s (BTC) price performance. Too much…
