Cryptocurrency Analysis and News Portal
The price of Bitcoin (BTC) has been trading between $29,900 and $31,160 for the past 18 days, causing concern among investors who are looking for explanations for the lack of a clear trend. After a 25.5% rally between June 15 and June 23 leading to Bitcoin’s highest level in 13 months
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"The 1972-1984 playbook shows how equities bounced right as the CPI peaked even as the earnings outlook deteriorated markedly at the same time," Andreas Steno Larsen, founder and CEO of Steno Research, said in a note published on Dec. 26, explaining reasons to begin 2023 with a bit of risk
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El Salvador introduced BTC as legal tender on September 7, 2021, when its market price was around $50,000. Ever since, Bukele’s government made significant returns on their initial BTC investments as Bitcoin rallied to its all-time high of $69,000, which was redirected to the country’s various infrastructure development initiatives. However,
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Bitcoin was trading near $37,700 at press time, representing a 1.8% gain on the day, and the futures tied to the S&P 500 were down 0.3%. The cryptocurrency fell to a 20-day low of $36,250, and stock futures were down 1% during Asian trading hours on fears that a war
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It may be a sign that bitcoin is yet to find a bottom. “Just look at the previous spikes in the buy the dip calls and you’ll notice that they’ve often come early (like back in April and May, respectively) and tend to be accompanied by another leg down before
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Bitcoin (BTC) is on track to see new all-time highs this month and at least $72,000 in November if the latest price data is accurate.In a tweet on Oct. 12, Filbfilb, an analyst at trading platform Decentrader, described what he said was an achievable price target for this month and
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In mid-April, news.Cryptox.trade researched the popular stock-to-flow (S2F), which shows the price of a single bitcoin reaching $55K and even six figures. At the time, analysts questioned measuring bitcoin’s price in this manner and more recently, a few others have been criticizing the method as well. Just recently, a
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