Institutional traders look to be positioning for a bitcoin price rally to $75,000 and beyond in the coming months, according to options market data. “On Monday, some block traders took …
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On-Chain Data Shows Bitcoin Whales Bought the Dip
On Feb 28, the Bitcoin price cratered below $44k, forcing some traders to liquidate their positions and book profits. Amid the panic, whales were buoyant and confident, scooping BTC at …
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Jurrien Timmer Thinks Bitcoin Has ‘Unique Advantage’ Over Gold
As Bitcoin goes mainstream, joining the ranks of its supporters is Jurrien Timmer, the director of Global Macro at Fidelity, a large financial services company that controls more than $3.3 …
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Bitcoin price hits $50K after bullish outlook from Citigroup and Goldman Sachs
On March 1 cryptocurrency investors woke up to the sight of Bitcoin (BTC) rising from it weekend correction to $44,000 as the market found its bullish momentum and altcoins rebounded …
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Square CFO: 1 Million Cash App Users Purchased BTC for the First Time
Square, Inc.’s chief financial officer Amrita Ahuja said the company’s popular Cash App product recorded a record number of first-time bitcoin buyers in January. Speaking in an interview with CNBC on Wednesday, …
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Dubai Fund Sells $ 750 Million Bitcoin To Buy Cardano & Polkadot
Dubai-based crypto fund FD7 Ventures will sell over $750 million worth of Bitcoin in the next month to purchase Cardano and Polkadot instead, it said in a release on Thursday. Both blockchains are high-speed networks that …
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Bitcoin and Gold Serve Different Roles in a Portfolio
Both bitcoin and gold have a specific role to play in investors’ portfolios and, as such, bitcoin won’t take over gold’s market capitalization, nor will gold make the flagship cryptocurrency …
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Crypto investment firm Arca files with SEC to set up a Bitcoin trust
Crypto investment firm Arca is moving ahead with plans to create a bitcoin trust, according to a Thursday filing published by the U.S. Securities and Exchange Commission (SEC). Arca’s trust would join …
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Bitcoin whale from 2010 moves 100 BTC for first time in 11 years
A veteran miner has cracked open their 2010 stash of Bitcoin, with crypto analysts spotting 100 BTC being transferred from two wallets that had laid dormant for more than a …
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Michael Saylor estimates there will be 1 billion people investing in BTC by 2026
The CEO told CNBC’s Squawk Box segment that BTC would be the savings method of choice for about one billion people on a mobile device within five years. He added that bitcoin …
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