Bitcoin funding rates on Binance have dropped to their lowest levels of the year, reflecting a marked shift in market sentiment.
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Category: Bitcoin
Bitcoin Price Nears $58,000; U.S. Retail Sales Surge and Job Data Surprise
Bitcoin hovers near $58,000 as stronger-than-expected U.S. retail sales and surprising job data add uncertainty to the market outlook.
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Majority of Institutional Investors Increased Bitcoin ETF Holdings in Q2: Bitwise
In the second quarter of 2024, approximately 66% of these investors either maintained or increased their Bitcoin ETF positions.
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Bitcoin Sinks Below $60K as CPI Data Dashes Hopes for Aggressive Fed Rate Cuts
Bitcoin tumbles below $60K as U.S. inflation data dims hopes for significant Fed rate cuts, triggering market-wide volatility and investor caution.
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Top Crypto Performers Today August 14 – Toncoin, Aave, Notcoin
On a day when major cryptocurrency prices dipped, despite US Consumer Price Index (CPI) inflation data that supported the idea that the Fed will begin cutting interest rates as soon as next month, traders looked for shelter in top crypto performers today in the altcoin markets.
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Coinbase Hints to Launch Wrapped Staked BTC ‘cbBTC’ on Base Chain
cbBTC could refer to Coinbase’s own wrapped Bitcoin product, which would potentially be launched on the Layer-2 chain Base.
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Crypto ‘Non-Believer’ Goldman Sachs Holds $418M in Bitcoin Spot ETFs
Goldman Sachs previously were “not believers in crypto” as the bank dod not consider cryptos as an “investment asset class.”
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Bitcoin Owners Shift Back to HODLing: Accumulation is Underway – Glassnode
As the market recovers from its latest sell-off, Bitcoin owner behavior is rotating back to HODLing, according to the latest report by analytics firm Glassnode.
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Bitcoin Passes the 61k Mark As Crypto Markets Await US CPI Rates – What’s Next?
With Bitcoin crossing the $61k threshold, all eyes are on upcoming U.S. CPI rates—could this trigger the next market rally?
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Bitcoin Miner Hut 8 Posts $71.9M Q2 Loss Despite 72% Revenue Growth
Hut 8 sees a 72% surge in revenue thanks to its expanding hut 8 bitcoin mining and energy infrastructure operations. However, the company also reports a Q2 loss due to Bitcoin price fluctuations and new accounting standards. Here’s the latest.
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