Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport
Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said. Source
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Matrixport
Crypto Services Provider Matrixport Integrates With Copper’s ClearLoop
“This partnership demonstrates our shared commitment to building a more secure, transparent, and accessible financial market infrastructure in the digital asset industry,” said Dmitry Tokarev, chief executive officer at Copper. “Copper has implemented a dedicated account structure for ClearLoop to address potential insolvency risks,” he added. Source
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Memecoins are like Powerball for crypto fans: Matrixport exec
Memecoin buyers are playing the crypto-equivalent of Powerball — with many "playing" hoping for "life-changing money" yet only a few will walk away with the jackpot, says Matrixport’s head of research.Memecoins have seen a huge resurgence over the last week. Crypto tokens such as Pepe (PEPE) and Milady (LADYS) have
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Bitcoin Could Rally 20% to Around $36K: Matrixport
The Fed’s latest interest rate hike may be the last for this cycle, which could set the market up for another strong rally, the report said. Original Source
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Bitcoin Market Impact From Mt. Gox Repayments Will Be Limited: Matrixport
Not all the stolen bitcoin was recovered, so only a fraction of the original amount held by creditors will be compensated, the report said. Source
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Bitcoin’s Price Rally Driven by Americans’ Safe Haven Bid: Matrixport
"Since the dip on March 10, Bitcoin has rallied by +44%. +31% of the rally was driven during the U.S. trading hours, and an indicator that Americans are buying bitcoins with both hands," Markus Thielen, head of research and strategy, said in a note to clients, adding that the stress
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Bitcoin Is Benefiting From Crypto’s Flight to Quality: Matrixport
Investors are shifting into bitcoin from stablecoins as well as more volatile cryptocurrencies, the report said. Original Source
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Bitcoin Bears May Still Be a Bit Early, Though Caution Urged: Matrixport
Crypto investors should cut exposure by 50% if bitcoin prices fall below $22,800, the report said. Source
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Ordinals NFTs Can Make Stacks’ STX a Multi-Billion Dollar Token: Matrixport
Ordinals NFTs Can Make Stacks’ STX a Multi-Billion Dollar Token: Matrixport Original Source
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Stablecoins not the target in BUSD crackdown: Matrixport head of research
Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD (BUSD) token is not a direct attack on stablecoins themselves. In a Feb. 14 analysis, Matrixport's Markus Thielen suggested that Paxos Trust Company, the issuer of the Binance USD (BUSD), may not have been
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