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Two Analysts Point to Over $100,000 for Bitcoin! How Much is the Bitcoin Price? Bitcoin has been seen to have been continuously rising in its extensive review since the day it emerged at $56,111.55. Although there have been fluctuating price movements in small time frames, it is also known that the process hosted an increase of up to $73,750. Although the price view is currently close to $20,000 away from the level accepted as #ATH , analysts seemed to have some things to say about the return. When the calendars showed the year 2020, a pandemic crisis occurred and Covid affected the entire world economy. 2020 also drew attention as the process in which the third halving occurred for #Bitcoin , and after this halving, miners' incomes fell by half. Later, in the last period of the year and especially in 2021, the market moved to the peak of that period, and BTC rose to $69,500 in November of the same year. It was seen that #AO $, one of the market analysts on the subject, drew a similarity between the price movement experienced in 2020 and the process experienced so far in 2024. AO stated that the time for bulls has come, that the formation is similar to that seen during the Covid period, and pointed to $ 160,000. After this, another analyst of the market, Yoddha, did not refrain from making bullish comments and made a consolidation-centered statement. The analyst's statement was as follows: The longer the consolidation lasts, the bigger the rally will be. Later, the analyst, who shared another chart and pointed out the potential target of the price, stated that the peak was still not the level it was at and added: When the analyst's comments are also examined, it seems that Bitcoin is targeting above $ 100,000. So what is happening in Bitcoin right now? After the announcement of JOLTS yesterday evening, it was reflected in the charts that BTC, which was seen to have risen to $ 58,500, later retreated. As of writing time, $BTC is seen at $57,000 after a 1% increase in the last 24 hours.
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Breaking News: Donald Trump Talks About Bitcoin and Cryptocurrencies Again! Bullish Statements! Speaking at the New York Economic Club, former US President Donald Trump said in his statement that he would make America the world capital for cryptocurrencies and Bitcoin. The first big applause in Trump's speech came after this statement. Trump announced that his administration would eliminate ten old regulations for every new regulation created by the federal government: "Instead of attacking the industries of the future, we will embrace them, including making America the capital of Crypto and Bitcoin."
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Bitcoin transactions down 30% in 6 months: Bearish sign. Bitcoin network activity has fallen to its lowest level in three years as interest in cryptocurrency markets wanes. The data shows that the #BTC price has been on a downtrend for some time, which has negatively affected network activity. At its peak in mid-March, BTC’s daily active address count was around 1.2 million. Now, that number is down to just 838,000, and in late August, it was 744,000. This is lower network activity than in 2021, according to CryptoQuant. “The total active address count on the network is now at $45,000, which #BTC saw about three years ago,” said popular crypto analyst Gaah. The Puell Multiple, which compares the daily mined value of Bitcoin to the 365-day moving average, looks quite bad, Cointelegraph reported. CryptoQuant says this data could create a buying opportunity for long-term investors in the near future. “For some investors, the decline in active addresses and price may be seen as a buying opportunity for #Bitcoin in anticipation of a future rise,” Gaah said. Checkmate, founder of the onchain analysis platform Checkonchain, stated that the #BTC price is drawing an unstable structure and that this situation may trigger a sharp price movement in the near future. Although analysts are hopeful for #Bitcoin in the long term, there has been no signal for recovery in the short term. Crypto investors are focused on the US presidential elections and the Fed interest rate decision for direction.
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Mastercard has partnered with Europe-based Mercuryo to launch a euro-denominated crypto debit card. The card allows users to spend Bitcoin and other cryptocurrencies in their wallets at more than 100 million locations where Mastercard is accepted.
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The KIP Node Sale is LIVE on our partner platform @easynodexyz ⚡️ Limited nodes on sale, now’s the time to act fast! Click the link below to grab yours👇 https://app.easy-node.xyz/nodepad #KIP #KIPprotocol #Node
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