Bitcoin Rebound Has Crypto Options Traders Anticipating $100K
The number of active bitcoin call contracts is significantly higher than puts, indicating bullish market sentiment.
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May 7, 2024 at 6:32 a.m. UTC
May 7, 2024
Bitcoin
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Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.
DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person
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Bitcoin Slips to $63K as Crypto Market Faces More U.S. Regulatory Pressure
Despite the recent bounce, the correction isn't over, said one technical analyst, expecting bitcoin to fall to the low-mid $50,000 area before rallying to new all-time highs.
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May 6, 2024 at 8:39 p.m. UTC
May 6, 2024
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Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says
MicroStrategy shares are up 89% year-to-date but TD Cowen analyst Lance Vitanza believes the software firm could end the year “meaningfully higher.”
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May 6, 2024 at 8:03 p.m. UTC
May 6, 2024
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First Mover Americas: Bitcoin Nears $65,000 Amid Strong Crypto Rebound
The latest price moves in crypto markets in context for May 6, 2024.
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May 6, 2024 at 12:07 p.m. UTC
May 6, 2024
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Bitcoin Hits $62K as Cryptos Bounce; Correction Likely Over But Expect a 'Slow Grind Higher,' Arthur Hayes Says
Bitcoin will likely trade in a range between $60,000 and $70,000 through the next few months, the former BitMEX CEO said.
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May 3, 2024 at 4:55 p.m. UTC
May 3, 2024
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Bitcoin’s Recent Weakness Is More Tied to Global Markets Than to Anything Crypto Specific, Coinbase Says
Both equities and gold have been trading lower since reaching highs in mid-April, the report noted.
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May 3, 2024 at 2:30 p.m. UTC
May 3, 2024
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Its Name Was OP_CAT
The Mining Pod descends on Bitcoin++ in Austin, Texas to discuss the future of Bitcoin development, including an infamous online pet.
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May 3, 2024 at 2:01 p.m. UTC
May 3, 2024
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U.S. April Job Additions of 175K Miss Forecasts for 243K, BTC Rises Above $60K
Interest rates and the dollar have both risen strongly in 2024 as expectations of a slowing in the economy and inflation have failed to pan out, but today's report suggests a...
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May 3, 2024 at 12:36 p.m. UTC
May 3, 2024
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First Mover Americas: Bitcoin Hovers Around $59K to End Week
The latest price moves in crypto markets in context for May 3, 2024.
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May 3, 2024 at 12:06 p.m. UTC
May 3, 2024
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Bitcoin's Price Recovery Faces Nonfarm Payrolls Test
Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.
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May 3, 2024 at 11:22 a.m. UTC
May 3, 2024