The SEC has issued a statement advising investors to be cautious when trading Bitcoin futuresThe statement went on to describe Bitcoin as being highly speculativeThe SEC believes that the Bitcoin futures market should be pursued only by mutual fundsThe advisory by the SEC could be a precursor to rejecting pending
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Quick take:The Bitcoin Korea Top Class Index has just hit a one-year high of 11.97$%Also referred to as Kimichi Premium, it tracks Bitcoin’s value on S. Korean exchanges relative to othersThe index is known to occasionally foreshadow an enormous Bitcoin value transferBitcoin conquering $60k will open the doors to $64k
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in brief:Bitcoin’s 30-day rolling correlation with the S&P 500 has increased to ranges final observed in March and October of 2020Bitcoin’s correlations with gold, bonds and the greenback index (DXY) have diminishedBitcoin worth is these days extra influenced by way of the worldwide macro eventsBTC is currently challenging gold as
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in short:Bitcoin at a worth above $FIFTY EIGHT,400 is worth greater than a kilogram of goldBitcoin’s market cap at over $1 Trillion has made it exhausting to ignore and will bring in a new segment of growth$55k is the level to observe throughout the weekly closeNews of Coinbase being fined
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in brief:Bitcoin fell from $58,369 to a neighborhood low of $47,619Bitcoin then rebounded to $55k before again dipping to the $FORTY SEVEN,SIX HUNDRED levelThe volatility brought about $4.4 Billion in liquidationsThe crucial $50k give a boost to hangs within the steadiness as February comes to a closeThere may well be
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in brief:Tim Draper has rekindled his $250k value prediction for BitcoinHe expects Bitcoin to hit this price by way of the tip of 2022He cites that unlike three years in the past, Bitcoin looks much more likely to hit his targetBitcoin is lately defending the $50k improve zone as buyers
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Summary:Bitcoin’s aggregated open interest has hit a new high of $14BBitcoin has just set a local high of $40,960 – Binance rateThe King of Crypto has printed what looks like an ascending triangleA resolution of the triangle to the upside could result in new highs for Bitcoin in FebruaryHowever, selling
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Quick take:The number of Bitcoin addresses maintaining 1k+ BTC has reached a new all-time top of two,450THIS IS an increment of ONE HUNDRED FORTY Bitcoin addresses in 28 days or a 6% incrementAccumulation of Bitcoin is ongoing and will trace of an expected value incrementBitcoin is still defending the $30k
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Summary:Institutional demand for Bitcoin is rising as CME BTC Futures are now ranked secondThe open interest of the CME Bitcoin futures eclipses that of Binance, Bitmex and even BybitThis is a sign of continual institutional interest in Bitcoin Outside of futures platforms, 785,999 BTC is currently held by publicly traded companiesThe
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