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Bitcoin's Unexpected Weakness in Late 2024: A Tug-of-War Between Technical Analysis and Macroeconomic Factors
Bitcoin's Unexpected Weakness in Late 2024: A Tug-of-War Between Technical Analysis and Macroeconomic FactorsBitcoin exhibited an unexpected slump in the final stages of 2024. On Tuesday, the price fell below $94,000 per coin, approximately $14,000 below its all-time high reached on December 17th, and broke below the crucial 50-day moving average...
Blockchain 2024-12-25 11:16:56 -
Will Bitcoin Bottom Out and Surge to $146,000 in Mid-January?
Will Bitcoin Bottom Out and Surge to $146,000 in Mid-January?Bitcoin has experienced significant volatility after breaking the $100,000 mark, briefly dipping below $93,000. This downturn was partly attributed to the Federal Reserve's indication of only two interest rate cuts next year, lower than the market's previously anticipated four...
Blockchain 2024-12-25 10:57:20 -
Trump's Re-election Ignites Cryptocurrency Market: US Returns to Center Stage, Bitcoin Soars to $100,000
Trump's Re-election Ignites Cryptocurrency Market: US Returns to Center Stage, Bitcoin Soars to $100,000With the approach of 2025 and Donald Trump's re-election as US President, the global cryptocurrency market's focus has shifted back to the United States. This event triggered a market frenzy, with global capital flooding into US cryptocurrency exchanges, propelling Bitcoin's price to a record high of $100,000...
Blockchain 2024-12-25 09:09:18 -
Bitcoin Surges to Nearly $100,000!
Bitcoin Surges to Nearly $100,000!Bitcoin's price experienced a significant surge today, reaching a high of $98,000 per coin, representing a 3.29% intraday gain...
Blockchain 2024-12-24 23:55:24 -
Bitcoin price surges past $97,000 in intraday trading!
Bitcoin price surges past $97,000 in intraday trading!Bitcoin's price continues its upward trajectory, breaching the $97,000 mark today with an intraday gain of 2.29%...
Blockchain 2024-12-24 23:03:16 -
Bitcoin's Circulating Supply Nears 20 Million: A Breakdown of Remaining Coins and Daily Production
Bitcoin's Circulating Supply Nears 20 Million: A Breakdown of Remaining Coins and Daily ProductionAs of December 24th, data from CloverPool shows that Bitcoin's circulating supply has reached a staggering 19,800,490.63 coins...
Blockchain 2024-12-24 19:31:48 -
Can Microstrategy's Bitcoin Bet Propel It into the S&P 500?
Can Microstrategy's Bitcoin Bet Propel It into the S&P 500?Microstrategy, a nominally software company but effectively a leveraged Bitcoin investor, recently joined the Nasdaq 100 index, sparking significant global market attention and debate. This event is significant because it means investors tracking the Nasdaq index now passively hold Bitcoin, further integrating cryptocurrency into traditional finance...
Blockchain 2024-12-24 16:44:58 -
The Potential Threat of Quantum Computing to Bitcoin: An Impending Crypto Crisis?
The Potential Threat of Quantum Computing to Bitcoin: An Impending Crypto Crisis?Bitcoin's future faces a looming challenge: quantum computing. While still in its nascent stages, the disruptive potential of quantum computing has garnered significant attention, particularly following Google's recent announcement of a breakthrough with its Willow quantum computing chip...
Blockchain 2024-12-24 11:12:59 -
MicroStrategy Acquires 5,262 Bitcoin for $561 Million, Holding Exceeds 440,000 BTC
MicroStrategy Acquires 5,262 Bitcoin for $561 Million, Holding Exceeds 440,000 BTCOn December 23, 2024, business intelligence company MicroStrategy announced the purchase of an additional 5,262 Bitcoin (BTC) for approximately $561 million. The purchase, made between December 16th and December 22nd, 2024, includes all fees and expenses, with an average price of roughly $106,662 per Bitcoin...
Blockchain 2024-12-23 21:45:09 -
MicroStrategy Makes Major Bitcoin Purchase: $561 Million for 5,262 BTC
MicroStrategy Makes Major Bitcoin Purchase: $561 Million for 5,262 BTCOn December 23rd, MicroStrategy announced the acquisition of 5,262 bitcoins for approximately $561 million, at an average price of $106,662 per bitcoin. This purchase brings MicroStrategy's total bitcoin holdings to 444,262 BTC, valued at approximately $27...
Blockchain 2024-12-23 21:29:15 -
Quantum Computing Threatens Bitcoin: Trump's Strategic Reserve Plan Challenged
Quantum Computing Threatens Bitcoin: Trump's Strategic Reserve Plan ChallengedPresident-elect Donald Trump's pledge to establish a strategic Bitcoin reserve for the US government faces a significant challenge from the rapidly advancing field of quantum computing. The potential threat isn't hypothetical; the impact of quantum computing on cryptocurrencies, particularly Bitcoin, is a growing concern within the industry...
Blockchain 2024-12-23 20:36:49 -
Quantum Computing Threatens Bitcoin: A Decade-Long Worry and the Future of Cryptocurrency
Quantum Computing Threatens Bitcoin: A Decade-Long Worry and the Future of CryptocurrencyDonald Trump's promise to establish a Bitcoin strategic reserve for the US government once sparked considerable attention. However, the rapid advancement of quantum computing casts a long shadow over this proposal, and indeed, the entire cryptocurrency market...
Blockchain 2024-12-23 19:21:36
