July 2024 – Page 8 – Coins Cap News
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Is Bitcoin Poised for a Breakout? $100K Call Options Signal Big Expectations

Bitcoin News

While Bitcoin maintains its price above the $60,000 range, some institutional investors are positioned for a positive price trajectory with call options betting on up to $100,000 come year-end. Despite recent pressures from substantial Bitcoin liquidations by the Mt. Gox distribution and sales by the German government, Bitcoin’s price remains notably resilient. These developments indicate…

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Binance Secures Approval To Invest US Customer Fiat Funds In US T-Bills, BNB Price Surges

Binance

Binance has received court approval allowing it to invest customer fiat funds into US Treasury Bills (T-Bills) after a year of heightened scrutiny of Binance’s operations in the United States. The decision has resulted in a notable price recovery for the exchange’s native token, Binance Coin (BNB), pushing it toward the $600 level.  Court Grants…

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Can Burns Send The Shiba Inu And LUNC Price To $0.01? Expert Chimes In

Altcoin

The Shiba Inu (SHIB) and Terra Classic (LUNC) ecosystems have become known for their regular token burns, which aim to increase the value of these coins. A computer engineer has given his opinion on this burn mechanism, revealing between Shiba Inu and LUNC, which will likely reach their desired goal of $0.01.  Will Shiba Inu…

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Coinbase Analysts Warn: Bitcoin’s Upward Trend Could Hit a Wall — Here’s Why

Bitcoin News

As Bitcoin is experiencing an uptrend in price increasing by 12.6% in the past week to trade above $66,000, analysts at Coinbase in a Friday report have disclosed potential limitations to its upward trajectory due to “increasing sell orders” on the exchange. According to the report, the recent appreciation in Bitcoin’s value has tempted many…

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MATIC Targets $0.5030 As Bearish Pressure Halts Recent Uptrend

Matic

Recent trading activities have caused the price of MATIC to slide, targeting the $0.5030 mark, following a period of strong upward momentum disrupted by bearish pressure. This sudden drop, driven by increasing bearish sentiment in the market, has sparked speculation among traders and investors about whether the $0.5030 support level will hold or if further…

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ETH Derivates Volume Have Flatlined Despite Spot Ethereum ETFs Approval, What’s Going On?

Ethereum

ETH derivatives volume suggests that Ethereum investors have little confidence in the Spot Ethereum ETFs, sparking a massive rally for the second-largest crypto token by market cap. This development comes amid the imminent launch of these funds, which are expected to begin trading next week.  Ethereum Futures Premium Highlights Little Confidence In ETH’s Price According…

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Analyst Upbeat On XRP Rally Despite SEC Meeting Cancellation – Details

Cryptocurrency Market News

Nobody in the XRP community expected the SEC to cancel a meeting behind closed doors on July 18 without giving any reason. Some people think this move has something to do with the approval process for spot Ethereum ETFs. Crypto Community Clueless On Meeting Cancellation There has been an obvious shakeup in the cryptocurrency market…

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Market Strategist Says Bitcoin Downtrend Is Finally Over, Here’s Where Price Is Headed Next

Bitcoin

A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value.  Bitcoin Downtrend Is Over A crypto analyst identified as ‘Rekt Capital’ on X (formerly Twitter) has…

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Mass Exodus? Over 672,000 Bitcoin Holders Drop Out Amid Market Shifts

Cryptocurrency Market News

As Santiment analytics disclose an accelerating decline in wallets holding one or more Bitcoin, the cryptocurrency industry has gone abuzz. Crucial for gauging mood in the market, this indicator has been progressively dropping as traders become less optimistic that Bitcoin may rise beyond its historic high of $73,750, which it last touched on March 14.…

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