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Cryptocurrency Millionaires Surge as Bitcoin ETFs Fuel Market BoomAs of August 2024, the number of cryptocurrency millionaires worldwide has increased by 95% year-over-year, reaching 172,300 individuals. Notably, the number of individuals holding over $1 million in Bitcoin assets has grown by 103% to 85,400

Number of Cryptocurrency Millionaires Soars 95%, Bitcoin Leads the Charge!As of August 2024, the global number of cryptocurrency millionaires has surged by a remarkable 95% year-on-year, reaching 172,300 individuals. Among them, the number of individuals holding over $1 million in Bitcoin assets has witnessed a 103% increase, reaching 85,400

The Bitcoin President: Trump and the Political Game of CryptocurrenciesThe 2024 US presidential election has seen an unexpected player take center stage cryptocurrencies. Republican presidential candidate Donald Trump has released a video on social media, declaring his intention to make America the "crypto capital of the world" and branding himself as the "Bitcoin President

Ethereum Faces Selling Pressure as 19 Million ETH Flow into Exchanges, Price Could Drop to $2,111The amount of Ethereum (ETH) flowing into exchanges has been steadily increasing since August 31, indicating that holders are increasingly sending their tokens to exchanges for sale. Data from CryptoQuant shows that exchange wallets currently hold 19 million ETH, worth $47 billion, representing a 1

Bitcoin Shows Signs of Recovery, Cryptocurrency Market Demonstrates StrengthAccording to BlockBeats, September 3rd, crypto market analytics firm Santiment stated that Bitcoin exhibited signs of recovery as the S&P 500 index was paused due to the Labor Day holiday in the US. Santiment noted that Bitcoin's growth, independent of stock market trends, indicates a strong inherent strength within the cryptocurrency industry

"Red" September? Five Things to Watch for Bitcoin This WeekSeptember began with a less-than-ideal price performance for Bitcoin. Both monthly and weekly closings drove BTC prices down, trading close to spot demand at $57,000, signaling low trader interest and a marked lack of bullish sentiment

Bitcoin Reclaims $59,000 Mark, What's Next for the Short-Term Trend?Bitcoin surged to near $59,500 early this morning, with Ethereum also returning to the $2,500 level. Where are the support and resistance levels for BTC in the short term?It's worth noting that the US market was closed yesterday for Labor Day, and significant volatility is expected when it reopens tonight

Bitcoin ETF Leads Capital Inflow, Crypto Market Shows Signs of Recovery: Latest Industry UpdatesThirteen out of the top 25 ETFs launched in the US this year are related to Bitcoin or Ethereum, with four spot Bitcoin ETFs taking the top four spots on the list of ETFs attracting the most capital inflow in the US this year. Nate Geraci, President of TheETFStore, said on social media, "Out of approximately 400 new ETFs listed in the US this year, the top four in terms of year-to-date capital inflow are all spot Bitcoin ETFs

Bitcoin's Weak Trading Pattern May Continue for a Month: Market Awaits Fed Rate Cut and Presidential Election OutcomeBitcoins weak trading pattern is likely to persist for another month as crypto traders await clarity on the Federal Reserves interest rate cuts and the upcoming presidential election. August was a rough month for crypto, with Bitcoin dropping 10

Can Bitcoin defy the "September Effect" curse?As the world's largest cryptocurrency by market capitalization, Bitcoin is facing a critical test this September. Historical data suggests that September has not been a kind month for Bitcoin, with the "September Effect" - a phenomenon of negative returns frequently occurring in this month, raising concerns about whether this year will see a repeat

Bearish Signals Flash for Binance Coin (BNB), Price Could Dip Below $500Binance Coin (BNB) has dropped over 10% in the past week, currently trading below its downtrend line from August 23. Technical indicators like the MACD and DMI suggest that BNB could face further short-term declines, as the bearish momentum remains strong

Dogecoin Price and Lunar Cycles: A Hidden Correlation?The price fluctuations of Dogecoin (DOGE) may be more than just market noise. A recent analysis has uncovered a compelling link between Dogecoins behavior and lunar cycles