Friday, December 9, 2022
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Crypto Declared Dead Yet Again As Bitcoin Hits All-Time High In Long-Term Investor Holdings

BTC Conviction is at an all-time high as long-term investors keep adding to their BTC stack unfazed by the recent news and fallouts according to data from Glassnode.Crypto has been declared dead quite a few times as Fear and Uncertainty is at highs in the crypto industry. Although low conviction

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DOT Hits 12-Day High, UNI up for Fourth Straight Day – Market Updates Bitcoin News

Polkadot rose to its highest level in nearly two weeks on Dec. 2, despite cryptocurrency markets sliding following the latest nonfarm payrolls report. The global crypto market cap is down 0.57% as of writing, as prices consolidated following the data being released. Uniswap was also higher, despite the turbulent sentiment

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Bitcoin bulls lie in wait as US dollar strength hits 5-month lows

Bitcoin (BTC) continued to hold key support on Dec. 2 as United States stocks fell on the Wall Street open.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY weakness offers hope of "Santa rally"Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bulls bought time between $16,800 and $17,000.Analysts had earmarked

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Bitcoin miner outflow ratio hits 6-month high in new threat to BTC price

Bitcoin (BTC) is entering a prime “low-risk bottom” zone as sellers finally accept FTX losses.Data from on-chain analytics firm Glassnode shows that seller exhaustion is reaching ideal levels for a BTC price leg up.Bitcoin sellers face low BTC price volatilityAlmost one month after the FTX implosion began, Bitcoin investors have

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Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse

The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%.Total crypto market cap in USD, 4-hour. Source: TradingViewBitcoin (BTC)

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Why Bitcoin Miners’ Revenue Hits Lowest Point Since 2020

Many crypto investors are still skeptical about the profitability of Bitcoin mining. This is not surprising considering the growing rate of energy prices in recent times. Moreover, the Bitcoin miners’ revenue has been on a downtrend since November 2020. Current Bitcoin Miners’ Revenue Meanwhile, BTC miners are experiencing some downturn in their

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