BTC

Bitcoin miner troubles reveal this about the state of BTC mining

Journalist Posted: September 7, 2023 Bitcoin miners face some pressure but current market conditions could still be considered workable. Bitcoin miner reserves stand at a premium compared to YTD lows. The state of Bitcoin mining often reflects on how the network is fairing, as well as the level of market activity at any given time. …

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Why Bitcoin OTC trading may open the doors for BTC recovery

Journalist Posted: September 4, 2023 The Bitcoin UTXO increased, suggesting a hike in institutional activity. BTC may be underpriced and a rapid recovery could be on the cards. Bitcoin’s [BTC] long-standing consolidation may have the entire market frustrated. But the growth in the Unspent Transaction Output (UTXO) offers a glimmer of hope that respite may …

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Bitcoin: As miners sell big, here’s what it means for BTC prices

Journalist Posted: September 3, 2023 The uptrend in BTC’s Miner to Exchange Flow suggested that miners have increasingly sold their holdings in the past few days. However, despite recent price troubles, BTC’s exchange withdrawals have rallied. Bitcoin’s [BTC] price fell to a two-month low on 31 August after the Securities and Exchange announced that it …

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Bitcoin ETF approval could take BTC ‘as high as $180k’: Analyst

Hedge fund founder Tom Lee opined that BTC would cross its ATH shortly after the ETF approval. Another big player in the market predicted a surge in liquidity. The anticipation surrounding a potential Bitcoin [BTC] spot Exchange-Traded Fund (ETF) approval has been a major topic of discussion within the cryptocurrency community lately. For many investors, …

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Bitcoin: LTHs and STHs may want to know this about their BTC holdings

CryptoQuant’s latest analysis stated that short-term holders could make a profit upon selling their BTC. Despite a bearish front put forth by indicators, retail demand for BTC did witness a small win.  Bitcoin [BTC] failed to cross the $31k mark after 13 July and has been lurking in the $29k-$30k range for the better part …

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As Tether boasts of a successful quarter, here’s how BTC stands to benefit

Tether witnessed a successful Q2 in terms of revenue despite market volatility. BTC could benefit from Tether’s investment behavior. Despite the turbulence that the DeFi sector has witnessed, Tether [USDT] and its associated stablecoins have continued to see growth on various fronts. Due to this, over the last quarter, Tether managed to be profitable in …

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