Bitcoin
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Cryptocurrency
Bitcoin’s Elevated Levels May Result in a 10% Dip
Bitcoin recently experienced a notable pullback, dipping to $86,000 after hitting an intraday peak of $89,964. This decline comes on the heels of a robust upward movement, spurred by the U.S. election outcomes and a wave of positive market sentiment. However, experts are cautioning about a potential correction as the release of the Consumer Price Index (CPI) data looms on November 13. The fresh inflow into the crypto market appears…
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Cryptocurrency
Antony Pompliano Unveils His Cryptocurrency Holdings
In an engaging interview with a leading media outlet, Anthony Pompliano, the visionary founder and CEO of Professional Capital Management, shared his optimistic outlook on how Donald Trump, the newly elected President of the United States, might revolutionize the country’s stance on the cryptocurrency market. Pompliano also unveiled some intriguing insights. Let’s delve deeper into this fascinating discussion. ## Trump’s Ambitious Bitcoin Strategy Throughout his campaign, Donald Trump, the Republican…
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Cryptocurrency
Antony Pompliano Unveils His Cryptocurrency Holdings
In a recent discussion with a leading media outlet, Antony Pompliano, the innovative mind behind Professional Capital Management, shared his optimistic outlook on how Donald Trump, the newly elected President of the United States, might revolutionize the nation’s approach to the cryptocurrency landscape. Pompliano’s insights were both intriguing and revealing. Let’s delve deeper into these developments. Trump’s Strategic Bitcoin Initiative During his election campaign, Donald Trump, representing the Republican party,…
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Cryptocurrency
Bitcoin Maintains $87k Level, While Bonk and Stellar Lead the Gainers!
The cryptocurrency market is witnessing a moderate upward trend, recording a 1.51% increase over the past 24 hours. This surge has elevated the overall market capitalization to a remarkable $2.98 trillion. In tandem with this, trading volume has seen a significant uptick, rising by 35.59% to reach an impressive $358.59 billion. Investor sentiment is buoyant, as indicated by the Fear & Greed Index, which reflects an “Extreme Greed” level, scoring…
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Cryptocurrency
Bitcoin Maintains $87k Level, While Bonk and Stellar Emerge as Top Gainers!
The cryptocurrency market has shown a modest upward trend, with a 1.51% increase over the past 24 hours. This brings the total market capitalization to a substantial $2.98 trillion. Trading volume has surged significantly, witnessing a 35.59% rise to reach $358.59 billion. The mood in the market remains optimistic, as indicated by the Fear & Greed Index, which is currently at an “Extreme Greed” level, scoring 87. This sentiment is…
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Cryptocurrency
Why is Crypto Dropping Today? Bitcoin Gains Strength as Market Sells Off
In the wake of a significant rally led by major large-cap altcoins, following Bitcoin’s (BTC) remarkable ascent past $89k, the cryptocurrency market faced substantial downturns over the past day. As Bitcoin’s price flirted with levels below $85.2k on Tuesday, the total crypto market capitalization experienced a 3% decline, settling around $3.06 trillion early Wednesday, November 13, during the Asian trading session. Amidst the prevailing belief in a macro crypto bull…
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Cryptocurrency
Reasons for Today’s Crypto Decline: Bitcoin’s Influence Grows During Market Downturn
The cryptocurrency market has been on a roller coaster ride recently, with large-cap altcoins experiencing significant rallies, driven initially by Bitcoin’s (BTC) meteoric surge past the $89,000 mark. However, this bullish momentum was short-lived, as the market saw substantial declines over the past 24 hours. As of the early Asian trading session on Wednesday, November 13, Bitcoin’s price flirted with the $85,200 level, leading to a 3% decrease in the…
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Cryptocurrency
Why is Bitcoin Declining Today? Peter Brandt’s BTC Forecast During Market Slowdown
Bitcoin, the leading cryptocurrency, has recently experienced a notable surge in its price, registering a 30% increase over an eight-day period. However, this bullish momentum encountered a pause as the Bitcoin price recorded a bearish daily close. This development follows a dragonfly Doji candlestick pattern, suggesting a potential short-term cool-down in the ongoing macro bullish trend. Why is Bitcoin Experiencing a Downturn? The recent decline in Bitcoin’s price can be…
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Cryptocurrency
Why is Bitcoin Declining Today? Peter Brandt’s BTC Forecast During Market Slowdown
After experiencing a remarkable 30% surge over the past eight days, Bitcoin (BTC) has exhibited signs of a short-term slowdown. On Tuesday, Bitcoin recorded its first bearish daily close, following Monday’s formation of a dragonfly Doji candlestick. This suggests a temporary pause in the recent bullish momentum. Understanding the Recent Dip in Bitcoin’s Price The recent decline in Bitcoin’s value can be attributed to a natural market correction after encountering…
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Cryptocurrency
What is Causing Today’s Increase in Bitcoin Price?
Bitcoin has recently made headlines by breaking through the $80,000 threshold on a Monday and reaching close to $90,000 by the following Tuesday. This unprecedented rise in value marks a significant milestone in the digital currency’s journey. The market capitalization of Bitcoin has now exceeded that of all above-ground silver, solidifying its position as a formidable asset in the financial world. Future Projections: Bitcoin’s Next Target As Bitcoin continues to…
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