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Market Analysis

Market Analysis Jul 29th, 2024: ETF ETH Boost Confidence in Bitcoin

Reading Time: 6 minutes The recent launch of Ethereum Exchange-Traded Funds (ETFs) on July 23 has infused a new optimism into the cryptocurrency market. Generating over $1 billion in trading volume on their first day, these ETFs mark a significant…
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Market Analysis

Market Analysis Jul 22nd, 2024: Bitcoin on Track for Strong July Finish!

Reading Time: 7 minutes Crypto investors had a reason to smile last week as Bitcoin (BTC) prices returned to the $67K range. The increase in BTC price was driven by the positive inflows of BTC ETFs for 11 consecutive days.…
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Market Analysis

Market Analysis Jul 15th, 2024: Bitcoin Battles Resistance at Key 200-Day Moving Average

Reading Time: 6 minutes The world was shocked by the events experienced by US Presidential Candidate Donald Trump during a campaign in Milwaukee, where Trump’s ear was injured by a bullet. Surprisingly, this event had a positive impact on the…
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Market Analysis

Market Analysis Jul 8th, 2024: Bitcoin Price Plunges Amidst Rising Market Fear

Reading Time: 6 minutes Hitting its lowest point since February at $55,000, Bitcoin’s price faces headwinds from the Fed’s reluctance to cut rates, declining ETF inflows in the US, and recent actions by Mt. Gox and the German government. Check…
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Market Analysis

Market Analysis Jul 1st, 2024: BTC is in a consolidation phase

Reading Time: 6 minutes Bitcoin (BTC) has been quite dull throughout June 2024, dominated by bearish sentiment. However, this phase can actually be quite positive for investors who want to continue building their BTC portfolio. Technically, BTC still appears bearish…
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Market Analysis

Market Analysis Jun 24th, 2024: Bitcoin is testing support at $64,000

Reading Time: 7 minutes Following the Federal Reserve’s (Fed’s) decision to halt interest rate cuts and the German government’s $325 million BTC sell-off, which contributed to BTC prices hovering around $64,000, the crypto market continued to come under immense pressure…
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Market Analysis

Market Analysis Jun 18th, 2024: Bitcoin Faces Resistance at $68,500

Reading Time: 6 minutes The Federal Open Market Committee’s (FOMC) decision to hold interest rates steady sent shockwaves through the crypto market. Bitcoin (BTC) plummeted to $66K, dashing investor hopes for a rate cut that would have boosted the entire…
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Market Analysis

Market Analysis Jun 10th, 2024: Bullish Market Could Send Bitcoin Skyrocketing 45%!

Reading Time: 6 minutes Bitcoin (BTC) surged to $71,000 again on June 5, fueled by the highest inflow of US spot Bitcoin ETF funds since March 2024, reaching $880 million. Overall, the crypto market sentiment remains bullish, with investors anticipating…
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Market Analysis

Market Analysis Jun 3rd, 2024: $69,000 is a Key Support Level for BTC

Reading Time: 6 minutes After experiencing a decline in April, Bitcoin (BTC) closed May with a notable monthly gain of 10.69%. A significant driver of this positive trend was the launch of the Ethereum (ETH) Exchange-Traded Fund (ETF). But what…
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Market Analysis

Market Analysis May 27th, 2024: Ethereum ETF Gets SEC Nod: ETH and BTC Prices Climb

Reading Time: 6 minutes Last week, the crypto market was taken by surprise when the U.S. Securities and Exchange Commission (SEC) approved an ETH (Ethereum) Exchange-Traded Fund (ETF). This approval led to a significant increase in the price of ETH,…
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Market Analysis

Market Analysis May 20th, 2024: Bitcoin Soars Back Above $67,000

Reading Time: 6 minutes Crypto investors celebrated as Bitcoin (BTC) surged above $67k after weeks of hovering around $60k. The rise was driven by predictions of lower interest rates and positive inflows into the US Bitcoin Spot ETF on May…
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Market Analysis

Market Analysis May 13th, 2024: BTC Price Faces Downward Pressure: Potential Drop to $56K

Reading Time: 5 minutes Over the past three weeks or so, Bitcoin (BTC) has been consistently hovering around the $60,000 price mark. Recently, a Bitcoin ETF began trading in Hong Kong, with a combined inflow of BTC ETF funds totaling…
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Market Analysis

Market Analysis May 6th, 2024: Bitcoin Holds Steady Near $60k

Reading Time: 6 minutes Bitcoin (BTC) has experienced considerable volatility in recent weeks, influenced by a range of negative sentiments including Fear, Uncertainty, and Doubt (FUD) stemming from news about the former Binance CEO CZ receiving a four-month prison sentence,…
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Market Analysis

Market Analysis April 29th, 2024: Bearish Signal for Bitcoin? Empty Spot ETF Inflows Raise Concerns

Reading Time: 7 minutes Despite the recent optimism surrounding Bitcoin, its price has shown little movement after a week since the halving event. It currently sits around $60,000. A contributing factor could be the lack of investment in Bitcoin Spot…
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Market Analysis

Market Analysis April 22nd, 2024: Despite the Recent Halving, Bitcoin’s Price Remains Stagnant

Reading Time: 7 minutes Last Friday, the much-anticipated Bitcoin halving finally took place. This marked the fourth halving for the Bitcoin network, reducing the block reward for miners from 6.25 Bitcoin to 3.125 Bitcoin. However, this event happened amidst an…