December 26, 2021

Bitcoin Miners BTC Holding Hit Six-Month High Amid Sustained Accumulation

Ever since the devastating crypto sell-off in 2020, Bitcoin (BTC) miners’ reserves have maintained a positive growth trajectory and have just reached a six-month high. Meanwhile, recent on-chain data revealed that BTC reaccumulation has returned to September highs, the eve of the ongoing Bitcoin bu...

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December 23, 2021

Bitcoin Resurfaces Above $50K as the BTC Hashrate Sustains Above 180 EH/s

New reports show that SHA256 miners have kept the Bitcoin (BTC) hash power above the 180 exahash per second (EH/s) mark. As of today, the BTC has rate hovers around 186 EH/s. Bitcoin recorded a hashrate high at 194.95 EH/s on December 8 and has struggled to refresh this level ever since. Nonetheles...

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December 22, 2021

Bitcoin (BTC/USD) Price Breaks Out at the Upper Bearish Channel

Bitcoin Price Prediction – December 22It is presently on the BTC/USD financial business book that the crypto-economic price breaks out at the upper bearish channel to trade around $49,249. The market’s rate of percentage is at a minute positive 0.39. BTC/USD Market Key Levels: Resistance levels: $5...

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December 21, 2021

Bitcoin Records Surprising 7.5% Comeback Following Spike in Lira

Bitcoin (BTC) recorded a 7.5% rebound from yesterday’s low, following a dramatic turn of events of the Turkish lira (TRY) improved investor sentiment. The benchmark cryptocurrency peaked at the $49K top this morning as the lira jumped by about 40% against the dollar (USD/TRY) overnight. The sharp m...

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December 19, 2021

Bitcoin Remains Bearish Because of Asian Traders: Glassnode Data

As Bitcoin (BTC) continues to struggle with bearish pressure, Glasnode analysts have put forward some possible reasons behind the bearish sentiment and why $45K is the crucial level to defend. On-chain analyst Johannes (@ultravirtu) took to Twitter last Friday to compare the activities of Asian, Eu...

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December 16, 2021

Bitcoin Steady Despite ECB Rate Hike Announcement

With the Fed recently indicating a possible rate hike in 2022, many spectators are eager to see how Bitcoin (BTC) and the rest of the crypto market would react to it. In the recent FOMC meeting, which occurred yesterday, the Fed inspired the impression that they could raise interest rates sooner ra...

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December 15, 2021

Bitcoin (BTC/USD) Market Attempts Deepening Corrections

Bitcoin Price Prediction – December 15There is a closure thought that the BTC/USD market attempts deepening corrections in the bearish channels after getting a higher valuation of $48,878. The crypto-economic price currently trades around $47,013 at an average percentage rate of about 2.75 negative...

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December 14, 2021

Bitcoin on Flushing Out Over-Leveraged Longs: Willy Woo

Bitcoin (BTC) remains in a struggle to hold bears off as it fell towards the $46K support on Tuesday in the early Asian session. The benchmark cryptocurrency has shed over 30% since it printed a new all-time high in November. Interestingly, this is not the worst sell-off this year. Between April an...

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December 12, 2021

Bitcoin Still on Track to Hit $100,000 in 2022: Bloomberg Strategist

Senior Commodity Strategist at Bloomberg Mike McGlone recently asserted that 2022 could be a big year for Bitcoin (BTC), noting that the benchmark cryptocurrency will hit the $100K mark. With the prevailing pandemic, global financial systems are taking heavy blows and have suffered the most. Safety...

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