Here are some of the latest Bitcoin news today
Bitcoin Price*: Bitcoin (BTC) price tests the key support level at $56,000, consolidating over a 1% decline this week. If it drops below this support, a continued downtrend is likely for BTC.
Bitcoin Technical Overview*: Bitcoin’s hashrate hit a new all-time high on Sunday. Bitcoin and Ethereum hover around support at $56,486 and $2,383 on Monday, respectively.
Bitcoin Outflows*: Bitcoin ETFs record combined $1.2B in outflows in 8 days. Despite the outflows, crypto ETFs outshined the over 400 new ETFs in 2024, with the four biggest launches being spot Bitcoin ETFs.
Bitcoin Predictions*: Bitcoin analyst sees 'biggest bull cycle' with $45K now BTC price floor. BTC price is due some "final corrections" before going on a bull run lasting at least two years.
Bitcoin Adoption*: El Salvador marks 3 years of Bitcoin adoption with $31M profit. Despite widespread initial criticism, El Salvador is sitting on over $31 million worth of Bitcoin profit.
#BTC☀ #BinanceLaunchpoolHMSTR #GrayscaleXRPTrust #CPI_BTC_Watch #LowestCPI2021
