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Bitcoin Breaks Key ,000 Level Amidst Federal Reserve Speculation

Bitcoin Could Hit $773,000 If…

Popular financial market information provider InvestAnswers has predicted that Bitcoin could record a massive rally now that BlackRock plans to make inroads into crypto. Last week, the world’s largest investment company, BlackRock, revealed plans to offer Bitcoin trading and custody services to corporate investors using Coinbase Prime. That said, analysts at InvestAnswers believe that this […]

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Bitcoin Wades Turbulent Waters as Crypto Market Loses Bn

On-Chain Data Suggests Bitcoin Has Hit Its Bottom

On-chain analysis data shows that Bitcoin (BTC) might have reached its bottom. The data drew its reference from Reserve Risk, Balanced price, and the Cumulative Value-Days Destroyed (CVDD). According to the data, the Reserve Risk is a seasonal Bitcoin on-chain indicator that juxtaposes long-term investor confidence against the existing price of an asset. That said, […]

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OKX Pulls Out of Nigeria as Crypto Regulations Tighten

Nigerians Run to Bitcoin Amid Plummeting Naira, BTC Returns to $24,000

Nigerians have turned to Bitcoin (BTC) and Stablecoins after the nation’s currency, Naira, tumbled against the dollar. Citizens of the most populous African nation sought refuge in Bitcoin as the currency went into freefall against the US dollar. Peer-to-peer exchange LocalBitcoins reported a 258% spike in Bitcoin purchases compared to last week’s data. The Naira […]

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Mt. Gox Comeback: Massive Bitcoin Repayments Set to Shake Crypto Market

Bitcoin Crashes as More Large Institutions Offload their BTC Holding

As Bitcoin continues to struggle, a recent report shows that large institutions have sold over 236,000 Bitcoins or $4.95 billion using current exchange rates in the last two months. The benchmark cryptocurrency currently trades down by about 70% from its all-time high recorded in November. Large crypto players like Luna Foundation Guard (LFG), Tesla, Celsius, […]

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