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Bitcoin news Bitcoin has broken past a key technical level that's signaling it could surge another 22% to near record highs. Bitcoin jumped by 3.2% on Monday, to $53,393, representing its highest level since November 2021. The crypto token is up 26% year to date and up 126% over the past year. While short-term technical indicators suggest there could be a period of consolidation in the days ahead, the uptrend should ultimately continue to its near-term and "final" resistance levels of $56,400 and $64,900. #Write2Earn #BTC
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Trump: Bitcoin Has Taken on 'a Life of Its Own,' Will Probably Need Some Regulation The former U.S. president had previously said he was "not a fan" of cryptocurrencies and called central bank digital currencies dangerous, vowing not to allow them if elected Former U.S. president and Republican front-runner Donald Trump said bitcoin (BTC) has "taken a life of its own" and will probably need some regulation. Trump was speaking to Fox News during a town hall event in South Carolina on Tuesday ahead of the state's Republican primary. Nikki Haley, the former South Carolina governor, remains the only other contender and has vowed to remain in the race even if she loses the Saturday primary. Bitcoin has "taken a life of its own," Trump responded to Fox News anchor Laura Inghram's question about whether the next logical step for the U.S. is to embrace bitcoin. "You probably have to do some regulation. But many people are embracing it. More and more I'm seeing people wanting to pay bitcoin. ... I can live with it one way or the other." #Write2Earn #BTC
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BTC-Spot ETF-Market Sees Net Inflows Slide in the Week On Friday, BTC declined by 1.09%. Following a 1.11% loss from Thursday, BTC ended the session at $50,763. Investors reacted to BTC-spot ETF market flow data for the Thursday and Friday sessions. The BTC-spot ETF market recovered from net outflows on Wednesday (February 2). On Thursday, the BTC-spot ETF market saw net inflows of $251.4 million. Significantly, Fidelity Wise Origin Bitcoin Fund (FBTC) ranked number one by net inflows, overtaking iShares Bitcoin Trust (IBIT). FBTC last outmuscled IBIT on February 7. Nonetheless, IBIT and FBTC continue to corner the US BTC-spot ETF market, accounting for 81% of total net inflows. #Write2Earn #BTC #ETFbitcoin
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