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Altcoins Surge Amid Bitcoin Profit Redistribution: Social, BSC, and Gaming Sectors Lead

As Bitcoin’s price soars to a peak of $71.7K, altcoins are experiencing significant gains driven by profit redistribution. In the past week, altcoins in the social sector have seen an average rise of 11.4%, those on the BSC and Binance Chain have risen by 6.9%, and the gaming sector has increased by 6.5%. 📊 Choosing […]

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Bitcoin Whale Activity Declines Despite ETF Trading Volume Surge

Bitcoin’s whale wallets, those holding over 100 BTC, have maintained a significant coin supply at 11.79 million. However, whale activity has hit its lowest level in 2024, with only 15,907 wallets holding at least 100 BTC. This represents a decline of 76 wallets, or 0.48%, over the past two months. A rise in these large […]

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Bitcoin Faces Crucial Support Amidst Shifting Accumulation Trends

Recent developments in the Bitcoin market have sparked speculation and uncertainty among investors, as key indicators point to potential shifts in accumulation patterns and price dynamics. For the first time since October 2023, there has been a noticeable change in Bitcoin’s Accumulation Trend Score, now standing at 0.27. This shift suggests a possible alteration in […]

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Bitcoin’s Recent Price Drop Triggers Significant Liquidations Amid Inflation Concerns

Bitcoin experienced its first drop below the $67,000 mark since April 4th, resulting in over $850 million in liquidations within the past day. This downward trend has also affected other asset classes, including the SP500 and gold, indicating broader concerns regarding CPI and inflation across various sectors. 📉 #Bitcoin's first drop below $67K since April […]

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Bitcoin Surges To $70K Amidst Major Accumulation, Mixed Signals Ahead

Bitcoin surprised traders yesterday with a sudden surge to $70,000, catching many off guard. This ascent coincided with one of the largest accumulation days for Bitcoin stakeholders in recent memory. On Sunday alone, wallets holding between 10 and 10,000 BTC accumulated a total of 51,959 Bitcoin. This significant accumulation represents 0.263% of the entire available […]

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Bitcoin Rebounds Above $67.6K Amid Bullish Trader Sentiment

Recent market movements have sparked bullish sentiment among traders as Bitcoin surged back above the $67.6K mark, inching closer to its previous all-time high of $69.2K by a margin of 2.4%.  While uncertainties loom, the possibility of a new all-time high remains plausible, especially with potential inflows from whales and ETFs. 🧐 Trader sentiment is […]

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Record Inflows And Bitcoin Surge Mark Strong Week For Digital Asset Investments

Last week witnessed a remarkable surge in digital asset investment products, with inflows reaching the second-highest weekly total on record at $1.84 billion.  Digital asset investment products recorded their second-highest weekly inflows on record last week, totaling $1.84 billion. Trading volumes in investment products reached a record of more than $30 billion, with total assets […]

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Bitcoin And Ethereum Surge As Trading Volume Peaks

Today, Bitcoin (BTC) rallied by 4.57%, breaking the $59,000 mark, while Ethereum (ETH) also saw a 2.7% increase, reaching beyond $3,300. Coinglass reported that within the last 24 hours, a total of $233 million was liquidated, with $131 million attributed to short orders, resulting in the liquidation of 79,700 individuals. BTC rose 4.57% to cross […]

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Cryptocurrency Trading Volume Reaches $288 Billion In Past Week, Shows Santiment Data

Over the last seven days, cryptocurrency trading has amounted to a staggering $288 billion across 2,842 tracked assets, according to Santiment data. This reflects a notable 22% decrease compared to the previous week. 📊 The past 7 days of #crypto trading volume has totaled $288B, according to our 2,842 tracked assets. This is a -22% […]

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Bitcoin Market Dynamics: Insights Into Recent Trends And Future Outlook

Recent data from Robinhood’s Chief Brokerage Officer reveals interesting insights into the dynamics of the Bitcoin (BTC) market. Approximately 20% of BTC spot ETF transactions occurred within retirement accounts, indicating a notable presence of long-term investors in this segment.  Moreover, a significant portion of Grayscale’s Bitcoin Trust (GBTC) sellers opted to reinvest their funds into […]