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Bitcoin's Safe-Haven Appeal Returns: BlackRock's Bet, China's Gray Market Thrives, Turkey's Tax Flip-Flop Fuels RallyRobbie Mitchnick, head of digital assets at BlackRock, recently reiterated Bitcoin's potential as a "safe-haven" asset, despite its tendency to track US equities. In a Bloomberg interview, he likened Bitcoin to gold, highlighting its decentralized nature and limited supply as key differentiators from traditional assets

Bitcoin Intraday Narrow Range Fluctuation, Bearish Sentiment Remains Strong, Short-Term Trading StrategyBitcoin price continued yesterday's consolidation trend today, failing to break through the key resistance above. The price is currently retracing to around $63,000

The Secret Behind Bitcoin's Surge: Who's Manipulating the Market?Bitcoin has captivated investors worldwide with its extreme price fluctuations within the global financial market. Recently, Bitcoin experienced a rapid drop from its all-time high of $64,000 to $62,500 within a few short hours, only to rebound swiftly and return to $63,782

Bitcoin: Bubble or Future? A Century-long Showdown Between Digital Currency and Traditional FinanceHave you ever thought that a "gadget" you casually ignored could turn into "digital gold" worth a fortune? Bitcoin, the virtual currency born from the internet wave, has written one wealth legend after another with its amazing rise, leaving countless controversies and reflections behind.In 2010, the price of a Bitcoin was less than a dime

Bitcoin and Ethereum Futures Prices DropOn Wednesday (September 25), at the close of trading in New York, the CME Bitcoin futures contract (BTC) settled at $63,545.00, down 1

Bitcoin Hovers Above $64,000: Breakout Above August High Could Confirm Bullish Rebound, But Waning Spot Market Demand Hints at Short-Term ConsolidationBitcoin is currently hovering above $64,000, just a short distance from its August high of $65,200. Bitfinex analysts point out that a break above this level would signify the end of the long-term downtrend since the March high, confirming a broader uptrend from the October low below $30,000

Will Bitcoin Remain King of the Cryptocurrency Market?Bitcoin has been considered the "king" of the cryptocurrency world since its inception in 2009. However, as the cryptocurrency landscape evolves, it faces challenges from newer, more technologically advanced contenders like Ethereum and Solana

Bitcoin Long Liquidation Risk Surges, $62,000 Emerges as Key ResistanceCurrently, long positions held by mainstream crypto exchanges are significantly higher than short positions on Bitcoin. This means that Bitcoin faces substantial liquidation pressure if the price were to decline

Can Bitcoin Break Through the $65,200 Level? The 2024 US Election Could Be a Key DriverAfter briefly spiking to $62,700 at 10 PM last night, Bitcoin bounced back and rallied higher, reaching $64,698 around 7 AM this morning. It seems like the cryptocurrency is quickly approaching the $65,000 mark

BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterizedDespite Bitcoin's recent correlation with US stock prices, Robbie Mitchnick, Head of Digital Assets at BlackRock, argues that calling the cryptocurrency a "risk-on" asset might be a misnomer. Stocks, commodities, and high-yield bonds are typically considered risk-on assets because they generally perform well during periods of market optimism and economic expansion

China's Central Bank Stimulus Plan Boosts Financial Markets, Bitcoin Breaks $64,000, Poised for Strongest September on RecordFinancial markets have regained optimism following the release of China's comprehensive stimulus plan. Data from Bitpush shows Bitcoin fluctuating near $63,200, subsequently breaking through the $64,000 resistance level

Bitcoin Poised for Breakout in Q4: Institutional Demand and Innovation Drive Cryptomarket GrowthAs the fourth quarter of 2024 approaches, analysts anticipate continued growth for Bitcoin and the broader cryptocurrency industry, driven by institutional adoption and favorable market conditions. Several analysts believe key indicators suggest Bitcoin's price will surge in October, propelled by institutional buying and an evolving regulatory landscape, with projections of new highs ranging from $58,000 to $72,000