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Bitcoin (BTC) pleasantly shocked the entire market with its recent surge, reaching the $35,000 milestone. Although it couldn’t maintain that level, the cryptocurrency experienced a minor correction and retraced to $34,000. At the time of writing, BTC is changing hands at $34,059.02, reflecting a 1.77% decline for the day. It’s worth mentioning that the asset saw a remarkable increase of more than 16% in the past couple of days. As BTC sits at its current value, a report from finder.com provides insights into future expectations, as interpreted by industry experts. As per a recent report, 31 analysts have come together to offer their projections for BTC’s price in 2025. The general agreement among those surveyed indicates that BTC is expected to end 2023 at a price of $30,000. It is anticipated to exceed its previous all-time high of $69,000 and reach a value of $87,000 by 2025. Source In the report, these experts engage in discussions about the likelihood of the S...

Bitcoin products saw $55.3 million in inflows, short bitcoin products recorded $1.7 million. BTC price rose to highs above $35k amid speculation around a spot Bitcoin ETF. In altcoins, Solana (SOL) saw inflows of $15.5 million but Ethereum saw $7.4 million in outflows. Crypto products have registered institutional inflows for a fourth consecutive week, with Bitcoin seeing the most inflows amid its recent price spike. Today, the leading digital asset saw its price rise sharply to above $35k, suggesting the trend is likely to continue as sentiment slowly shifts towards a solid bullish outlook. $66 million in inflows last week It appears institutional appetite for crypto investment products is hitting new levels as more people pour money into crypto funds. A report by digital asset manager CoinShares shows that cryptocurrencies are on a four-week streak of inflows, with Bitcoin accounting for the largest share of that with 84%. While Bitcoin products recorded...

Bitcoin is defending the $26k after the recent MicroStrategy’s latest BTC purchase. Concerns over the US dollar’s impact on BTC may be overstated by investors. Coinbase holds about 5% of the total bitcoin in circulation. MicroStrategy’s recent acquisition of Bitcoin worth nearly $150 million has made waves in the cryptocurrency market, causing a notable shift in Bitcoin’s price dynamics. The move was a demonstration of MicroStrategy, a prominent business intelligence firm led by CEO Michael Saylor, of its strong commitment to Bitcoin. The recent Bitcoin purchase sent ripples throughout the cryptocurrency world. A boost to Bitcoin price Before MircoStrategy’s BTC acquisition announcement, Bitcoin had briefly dipped below the $26,000 level, around which it has been hovering for a week. However, as soon as news of the purchase became public, Bitcoin price saw a significant upward movement, gaining several hundred dollars in v...

The world’s first and largest cryptocurrency , Bitcoin [BTC], emerged in 2008 and started being used in 2009. Currently, the leading cryptocurrency is valued at $26,618, and it reached a peak of $69,044 back in 2021. Despite its significant value and increasing popularity, the identity of the asset’s creator remains shrouded in mystery. Among the various claimants to the identity of Satoshi Nakamoto, one entity has garnered significant attention from the community. There have been suggestions connecting the creation of Bitcoin to the U.S. government, particularly the National Security Agency [NSA]. Daniel Roberts, co-founder of Iris Energy, resurfaced a long-standing theory, dating back to 1996. It was titled “How to Make a Mint: The Cryptography of Anonymous Electronic Cash.” The NSA invented Bitcoin? 1996 paper titled: HOW TO MAKE A MINT: THE CRYPTOGRAPHY OF ANONYMOUS ELECTRONIC CASH* Sources include "Tatsuaki Okamoto" 😳 Who else would be able to ...

📈 #Bitcoin $BTC Futures Contracts Open Interest just reached a 16-month high of $2,816,492,332.03 on #Bybit advertisement Previous 16-month high of $2,815,891,040.41 was observed on 14 August 2023 View metric:https://t.co/fFm13ZhEJc pic.twitter.com/7jLU0CED5f — glassnode alerts (@glassnodealerts) August 16, 2023 Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Trading Bots List 2023 Must Read Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] Must Read Crypto Telegram Channels List 2023 [Updated] M...

Shiba Inu has not always shared a high correlation with Bitcoin. Over the years, the number has fluctuated quite drastically. Negative to positive territory oscillations used to frequently take place during 2020 and 2021. However, since last year, the number has mostly stayed above zero. Only once during the said period did it drop down to negative territory. This means, over the past 1.5 years, Shiba Inu and Bitcoin’s prices have been more closely-knit than ever. Source: IntoTheBlock Recently, Standard Chartered Bank renewed its Bitcoin predictions. According to its research, the largest crypto asset’s value could rise to $50,000 by the end of this year and up to $120,000 by the end of 2024. The upcoming halving event scheduled for April 2024 is expected to have a positive impact on BTC. Post every halving in the past, Bitcoin’s price has repeatedly appreciated in value. So, given the high correlation that Shiba Inu currently shares with Bitcoin, will the price of ...