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Is Bitcoins sustained price decline a sign of a looming bear market?Introduction: Bitcoins price has been continuously declining recently, breaking through the $65,000 mark, raising market concerns. Technical indicators suggest a bear market, and the price is facing further downward pressure

US Bitcoin Spot ETFs Collectively Reduce Holdings, Dumping 3,169 BTCJune 17, 2023 - According to blockchain data platform Lookonchain, nine US Bitcoin spot ETFs collectively reduced their holdings today, shedding a total of 3,169 BTC, worth approximately $208 million. Fidelity led the sell-off, reducing its holdings by 1,224 BTC, valued at around $80

Bitcoin: Journey to a Million Dollars?The cryptocurrency market experienced a turbulent year in 2023, but the future for Bitcoin seems bright. Analysts at global asset management firm Alliance Bernstein boldly predict that Bitcoin's price will surpass the million-dollar mark by 2033

Cryptocurrency Market Volatility: Bitcoin Drops, Solana Holds Strong, Shiba Inu StrugglesMarket Overview:The cryptocurrency market continued to see volatility this week, with Bitcoin dropping below the key support level of $69,000, falling over 3% to $67,320, and losing its 21-day moving average, suggesting a potential shift in near-term price direction. Meanwhile, Solana exhibited remarkable resilience, maintaining its price around $150, indicating the asset may be gearing up for a further rise

Crypto Market Dips: Bitcoin Plunges Below $65,000, Altcoins Hard Hit, Spot Bitcoin ETFs See OutflowsThe cryptocurrency market experienced a broad decline in early European trading on Tuesday, with the total market capitalization dropping by approximately 3% over the past 24 hours to around $2.48 trillion

Bitcoin Reverts to Consolidation, Fails to Hold $65,000 Level, Bull Run Imminent?Market Sentiment Fluctuates as Bitcoin Drops Below $65,000Bitcoin price experienced a significant drop on June 16th, breaking through the $66,000 support level and hitting an intraday low of $65,046 during midday. A brief buying surge pushed the price back to $67,286, but the momentum failed to sustain, resulting in a closing price of $66,580

Bitcoin Spot ETF Inflows: The Hidden Truth Behind the BoomThe emergence of Bitcoin spot ETFs in 2024 has sparked market buzz, accompanied by rumors of massive institutional investor inflows. However, despite the continuous rise in ETF inflows, Bitcoin's price has failed to break free from its downtrend, prompting questions: who is dumping?Unveiling the Truth through Data: The Silent Slaughter of OGTo understand the situation, we need to look at the early Bitcoin holders (OGs)

Is Dogecoin's Plunge a Buying Opportunity?Dogecoin [DOGE] has been performing poorly lately, with its price remaining low. However, some analysts believe that the current slump could present a prime buying opportunity for investors

Ethereum's Growing Scarcity: Exchange Balances Dip, ETF Launch ImminentEthereum (ETH), the world's second-largest cryptocurrency, is experiencing increasing scarcity driven by declining exchange balances and market anticipation for a spot Ethereum ETF. Data reveals that Ethereum's accumulation rate even surpasses Bitcoin's, suggesting that ETH could become a key driver in the future cryptocurrency market

Crypto Market Volatility: Key Events This Week, from Ethereum ETFs to CPI DataThis week, the cryptocurrency market will be buzzing with a series of significant events that could greatly influence market movements. Investors and crypto enthusiasts need to pay close attention and adjust their strategies accordingly

Bitcoin and Ethereum Prices Drop, Investors Should Be CautiousThe cryptocurrency market has experienced a significant downturn in recent days, with both Bitcoin and Ethereum prices showing a noticeable decline. While market sentiment was previously optimistic, some technical indicators and market analysts' opinions suggest that prices may continue to fall in the short term

Bitcoin Bulls Reignite Rally, Spot ETF Inflows Stabilize as Ethereum Spot ETF LoomsBitcoin (BTC) rebounded strongly in early trading on Monday, breaking through $63,750 and kicking off the shortened trading week in the US, setting the stage for the upcoming July 4th holiday. BTC had previously dipped to a low of $59,881 last week, but rallied 6