Cryptocurrency Analysis and News Portal
The amount of Bitcoin (BTC) being deposited into crypto exchanges has hit a one year highThe new pattern is the result of Elon’s comments that Bitcoin mining is not energy efficientBitcoin has since struggled to maintain the $50k supportHowever, there are some Bitcoin whales scooping up the sold BTCThe amount
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MicroStrategy has bought 271 Bitcoin for $15 MillionEach Bitcoin was bought at an average price of $55,387MicroStrategy now holds 91,850 Bitcoin purchased at a total of $2.241Billion and at an average entry price of $24,403The Bitcoin is now twice the initial investment at $4.592 BillionBitcoin is currently attempting to reclaim
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The SEC has issued a statement advising investors to be cautious when trading Bitcoin futuresThe statement went on to describe Bitcoin as being highly speculativeThe SEC believes that the Bitcoin futures market should be pursued only by mutual fundsThe advisory by the SEC could be a precursor to rejecting pending
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Bitcoin at $53k is the most significant on-chain support since $11kAt the $53k price zone, Bitcoin maintains a $1 Trillion market capBitcoin miners have returned to accumulating BTCBitcoin held by OTC desks has been dropping and confirms demand by large buyersThe team at Glassnode has released their weekly On-Chain report.
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Coinmarketcap has listed Bitcoin’s smallest unit known as SatoshiOne Satoshi(SATS) is the equivalent of 0.00000001 BTCMike Novogratz believes it is time to switch to Satoshi (SATS) as the price of Bitcoin looks ‘too expensive’ for some investorsAccording to Glassnode, sat stackers or holders of less than 1 BTC, now own
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Bitcoin could be gearing up for another leg up due to investors and traders moving their BTC out of exchangesLess Bitcoin is stored on Coinbase than during the 2017 bull cycleAccording to Bloomberg, Bitcoin is in the early days of adoption and primed for further growthBitcoin could be gearing up
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@100trillionUSD has forecasted that Bitcoin looks set for a jump towards $100kHe cites his Bitcoin Stock-to-flow model which has a new orange dotFrom his chart, Bitcoin is currently in the middle of a bull-run with more room to growIn the short-term, $55k is the level to watch during tonight’s weekly
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Bitcoin closed the month of April at a value of $57,630Bitcoin would push higher to a local peak of $58,458 – Binance rateBTC traders are not too convinced that the push to $58k is a bullish oneInstitutional investors are still accumulating BitcoinBTC analyst, MagicPoopCannon, still believes Bitcoin could hit $80k
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MicroStrategy has released its Q1 financial reportMicroStrategy has 91,579 Bitcoin on its balance sheet at an average entry of $24,311The report goes on to explain that MicroStrategy may increase or reduce its BTC holdings in the futureThis statement comes after Tesla sold some of its Bitcoin for $272 millionMicroStrategy has
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Bitcoin’s long term holders are still accumulating BTCThe Bitcoin supply held by long term holders is yet to hit 2017 levelsThe long term holders of Bitcoin are not spending their BTC as is usually the case during a topBitcoin whales have accumulated 90k BTC since April 5thBitcoin (BTC) is yet
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