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news-imageNovember 27, 2024

Bitcoin $2B daily profit-taking involves mostly new hodlers — Research

Bitcoin long-term holders need more than a 10% dip from all-time highs to sell BTC en masse, Glassnode reveals.
Publisher: Cointelegraph
Sentiment: Neutral
BTC

More News Articles

Negative
cover-imageCoinPedia
November 27, 2024

Bitcoin ETF Outflows Surpass $550M, Pressuring BTC Below $95K

After closing the last four days in a bearish outlook, Bitcoin (BTC) price has significantly slowed down in the initial bullish momentum towards the much-hyped target of $100k. Moreover, the flagship coin has consistently closed below the previously established support level of $95k.

Positive
cover-imageBenzinga
November 27, 2024

MARA Urges Incoming Trump Administration To Boost US Bitcoin Mining Operations To Prevent Manipulation From 'Adversarial' Nations

MARA Holdings Inc. (NASDAQ:MARA) exhorted the incoming Donald Trump administration to expand domestic Bitcoin (CRYPTO: BTC) mining operations, emphasizing the significance of the U.S. controlling a larger portion of the global hash rate for economic sovereignty. What Happened: In an X post on Tuesday, the company highlighted the increasing competitiveness of Bitcoin mining and the potential economic implications of not securing a significant share of the global hash rate.

Positive
cover-imageNewsBTC
November 27, 2024

Current Bitcoin Hashrate Can Sustain $4.9 Trillion Cap, CryptoQuant CEO Reveals

The founder and CEO of the on-chain analytics firm CryptoQuant has explained where the peak Bitcoin market cap lies based on the current hashrate. Bitcoin Ceiling Could Lie At This Level Based On Network Hashrate In a new post on X, CryptoQuant founder and CEO Ki Young Ju discussed a BTC pricing model that puts upper and lower bounds on the cryptocurrency's price using the trend in the mining hashrate.

Negative
cover-imageUToday
November 27, 2024

Bitcoin (BTC) to Crash Even More, Says Schiff

Renowned Bitcoin critic Peter Schiff recently asserted that after the company's aggressive buying spree ends, Bitcoin (BTC) and MicroStrategy (MSTR) may crash. With $10 billion already spent, Schiff noted that MicroStrategy's three-year plan to spend $42 billion on Bitcoin could be completed much sooner than expected.

Positive
cover-imageAltcoin Buzz
November 27, 2024

Brazil Plans Bitcoin Reserve to Boost Economy

Congressman Eros Biondini wants to establish the Bitcoin Sovereign Strategic Reserve, also known as RESBit (Reserva Estratégica Soberana de Bitcoins). This reserve would help Brazil's Treasury by adding Bitcoin to its mix of national assets.

Negative
cover-imageThe Currency Analytics
November 27, 2024

Bitcoin Faces 25% Correction as M2 Liquidity Tightens

Bitcoin (BTC) investors are bracing for potential volatility as analysts highlight a concerning trend: Bitcoin's price has historically tracked the global M2 money supply with a 70-day lag. Following a recent decline in global liquidity, Bitcoin might experience a 20–25% pullback in the near future.

Positive
cover-imageBenzinga
November 27, 2024

Surge In Bitcoin, Dogecoin And Other Cryptos Boosting Home Ownership Among Low-Income Americans, Says Treasury Department

The rise in prices of cryptocurrencies like Bitcoin (CRYPTO: BTC), Dogecoin (CRYPTO: DOGE), and others may have enabled lower-income households to take out new mortgages to purchase property, a new study revealed. What Happened: A paper by the U.S. Treasury's Office of Financial Research has identified a correlation between the surge in cryptocurrency investments and an increase in debt, particularly mortgages, in areas with high exposure to cryptocurrencies.

Negative
cover-imageCoinPedia
November 27, 2024

Bitcoin Price Prediction Today: Bears Target $77000

Bitcoin is currently trading slightly above the $93k level and is down by more than one percent in the last 24 hours. The largest cryptocurrency has almost erased the majority of the gains made in the last seven days and is now failing to rise back above the $95k levels.

Negative
cover-imageInvezz
November 27, 2024

Bitcoin options show increased caution as $100K remains elusive

Bitcoin, the largest cryptocurrency, has reversed course after flirting with the $100,000 mark. The digital asset reached an all-time high of $99,830 on November 22 but has since dropped over 8% to $91,377.32 as of Tuesday. As of 11:48 am IST on Wednesday, BTC stood at $93,099, according to CoinGecko.

Positive
cover-imageBitcoinist
November 27, 2024

Morocco To Legalise Bitcoin And Crypto, Says Central Bank Chief

Morocco is poised to lift its long-standing ban on Bitcoin and cryptocurrencies, signaling a significant shift in the nation's financial policy. According to Reuters, Abdellatif Jouahri, the Governor of Bank Al-Maghrib (BAM), announced that a draft law regulating crypto assets is in the final stages of adoption.

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