Bitcoin Price

CoinShares-Predicts-Bitcoin-Pump-Amid-Economic-Recession (
CoinShares Predicts Bitcoin Pump Amid Economic Recession

CoinShares sees that Bitcoin will rally amid economic recession. In particular, BTC will benefit from increasing interest rates and a weak dollar. The firm considers BTC as a “good insurance policy” amid the market uncertainty. CoinShares, a pioneer in digital asset investing, believes that the recession in the United States could lead Bitcoin into a bullish trend. In a Twitter thread post, CoinShares expound how the meeting of economic factors and government policy decisions are going to benefit Bitcoin, specifically in terms of its performance as the US enters the recession. The digital asset management firm predicts that Bitcoin will

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Addresses-Holding-0.1+-Bitcoin-Hit-a-New-All-Time-High
Addresses Holding 0.1+ Bitcoin Hit a New All-Time High

The number of addresses with 0.1 or more bitcoin has reached a new all-time high of over 3.7 million. This is a very positive sign for the future of cryptocurrency. Bitcoin’s market dominance is currently at 67.7%. The number of addresses holding 0.1+ bitcoin just hit a new all-time high of over 3.7 Million. That’s an increase of roughly 1 Million addresses in just the past six months. This is a testament to the growing interest and adoption of Bitcoin, as more and more people are becoming aware of its potential as a store of value and investment asset. The

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Mining-Bitcoin-Now-Costs-$13K-Now,-Dropped-From-$24K-in-June
Increased Risk Sentiment Might Prompt Bitcoin’s Sell Off

Market events, such as FOMC meeting, CPI and employment data, might trigger a strong crypto sell off. In addition, the US is now in recession. Bitcoin’s price today shows strong support despite these events. Over the past week, Bitcoin experienced a downward trajectory after running into the $24,000 resistance. The recent upward run of Bitcoin, as it slowly recovers from June’s meltdown, continuously retests the resistance.  However, recent market events show Bitcoin’s unreliability and there’s a high chance it might lose its support. These events include the Federal Open Market Committee (FOMC) meeting and reports such as Consumer Price Index

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Bitcoin-is-Up-Amid-FED-Rate-Increase-and-Recession
Bitcoin is Up Amid FED Rate Increase and Recession

The FED announced another rate hike increase on Wednesday. The US enters a “technical” recession. Yet, Bitcoin’s price is holding at the $23k mark, up 2.65% in the last 24 hours. The crypto market was expected to be shaky this week, especially after the US entered recession and the US Federal Reserves raised interest rates by 0.75% on Wednesday.  The Federal Reserve announced on Wednesday another increase of its interest rate in an effort to fight inflation. According to the government’s press release, the unemployment rate has remained low in recent months. However, the elevated inflation has caused imbalances in

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Cynthia-Lummis-is-Still-Bulish-on-Bitcoin
Cynthia Lummis is Still Bulish on Bitcoin

Cynthia Lummis mentioned that she is still bullish on Bitcoin. The senator is not alone in her bullishness on Bitcoin. She thinks that the long-term prospects for bitcoin are excellent. Reports have arisen with a US senator, Cynthia Lummis mentioning that she is still bullish on Bitcoin because she believes in the long-term potential of the technology. While the short-term price movements are always hard to predict, She thinks that Bitcoin has a lot of upside potential in the long run. With more and more people becoming aware of Bitcoin and its benefits, the senator believes that the Bitcoin price

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Bitcoin-Recovery-Streak-Falters-at-50-Day-Moving-Average
Bitcoin Recovery Streak Falters at 50-Day Moving Average

Bitcoin’s initial price recovery seems to have hit a snag.  The BTC price fell after failing to retake the 50 day moving average.  Presently, the price of Bitcoin (BTC) is staggering closer to below $21,000. It seems the crypto sector popped their champagne bottles a little too early last week, at least, it seems so according to Lark Davis. The popular crypto investor and trader highlighted Bitcoin’s (BTC) feeble attempt at recovery on Twitter.   As we can see from the tweet above, Lark Davis mentions how the recent surge in the price of Bitcoin (BTC) is already falling. Indeed, it

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Bitcoin Lightning Network Capacity Hits New ATH of 4267 BTC
Bitcoin Lightning Network Capacity Hits New ATH of 4267 BTC

Bitcoin’s Lightning Network snapped a new ATH capacity of 4267 BTC. Revealing over $91M in value is ready for peer-to-peer payments. A data from 1ML shows that the average fee for BTC payments is at $0.0002. Bitcoin’s Lightning Network reaches another milestone by securing a new all-time-high in public network capacity.  According to cryptocurrency on-chain metrics and data provider Glassnode, the Lightning Network of Bitcoin reached a new record height of over 4267 Bitcoin. This means that peer-to-peer payments of more than $91 million in value will be ready. Lightning Network Capacity as of July 16, 2022. Source: Glassnode. Launched

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Swiss-Post-Office-Will-Offer-Crypto-Custody-and-Trading-Services
Bitcoin Addresses Surpass 1 Billion Despite Rocky Crypto Market

The number of Bitcoin (BTC) addresses ever created surpassed 1 billion.  This is great news and a clear indicator of high Bitcoin (BTC) adoption.  It is even more exceptional as the milestone came during crypto winter. As the crypto winter continues to rattle the Bitcoin (BTC) and crypto community, some sparks are still shining through. To highlight, the total number of Bitcoin (BTC) addresses to ever be created has now surpassed 1 billion.  That’s right, it looks like Bitcoin (BTC) wallets are now over the one billion milestone. This is indeed exciting news for the Bitcoin and crypto community overall.

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Bitcoin Settles at $39K After Stripe Onboards Crypto
Bitcoin Charts Point to $17,500 Bottom on the Horizon

The Bitcoin Twitter community discusses a possible bottom for Bitcoin. Some say the charts are pointing to a $17,500 bottom for Bitcoin (BTC) Presently, the price of Bitcoin (BTC) is still staggering at the $20,000 area. A popular Bitcoin trader and crypto analyst sends crypto Twitter into a frenzy with his latest Bitcoin chart analysis. The main message from his charts is that Bitcoin is finally showing signs of a bottom.  In particular, he says that the Bitcoin (BTC) chart is forming an Adam & Eve pattern. In addition, he says that at the moment, the crypto is holding the

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Bitcoin-Recovery-Gains-Momentum-as-Miners-Stop-Selling
Bitcoin Recovery Gains Momentum as Miners Stop Selling

Bitcoin miners have finally stopped selling their Bitcoin (BTC). Bitcoin accumulation has gone up as more investors are buying the dip.  The amount of wallets hodling more than 1 Bitcoin have gone up significantly. Bitcoin Archive tweets exciting news. According to glassnode, Bitcoin miners have finally stopped selling their Bitcoin (BTC). As of now, they have instead begun accumulating BTC. It seems that bearish times may be over for Bitcoin. In response to the tweet, the crypto community seems to be collectively sighing in relief. In fact, many say that this is a good sign and expect the price of

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deVere Group CEO Projects Bitcoin Bull Run in Q4

deVere Group CEO Nigel Green predicted Bitcoin will bounce in Q4. Green cited several key reasons for his prediction. Bitcoin’s price has tumbled to $23.9K, down 10% in the last 24 hours. Nigel Green, CEO of deVere Group, claims that the recovery of the leading cryptocurrency Bitcoin is now “underway.” Noting that investors should anticipate a “significant bounce” in the fourth quarter this year.  Established in 2002 by Nigel Green, deVere Group is one of the world’s leading financial advisory organizations that claim to provide high-class professional advice to its clients and investors. According to Green’s prediction, the price recovery

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MicroStrategy CEO: Not Selling BTC, Rumors Untrue
Bitcoin Fails MicroStrategy, Over 1 Billion USD In Loss

MicroStrategy is at an unrealized loss of over $1 billion. This loss is due to the rapid continuous fall of the price of Bitcoin. The CEO, Michael Saylor says he will continue to hold Bitcoin as he has faith in the asset. It is no secret that MicroStrategy’s CEO — Michael Saylor, is a huge fan of Bitcoin, its philosophy, and everything it stands for. Over the last year, the CEO has spent millions investing in Bitcoin (BTC).  Presently, with the price of Bitcoin falling at an exponential rate, many investors are panic selling. In contrast, others continue to hold

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