The global Bitcoin ATM network has surged to over 38,000 machines, a significant rise from just over 10,000 in October 2020.

This expansion, supported by user-friendly features and profitable operations, brings improved privacy and security, allowing transactions without identity revelation.

Despite challenges like operator expertise and regulatory issues, experts highlight the need for public education on cryptocurrency benefits and robust customer support.

Strategic measures and favorable policies could further boost the market, promoting widespread adoption and enhancing the growth of secure and efficient Bitcoin transactions.

#BitcoinTherapist #CryptocurrencyTravel rrency #DigitalAssets #CryptoExpansion

#BTC☀ #BTC #BullRunAhead

Data Bringing ATH in Bitcoin is Signaling Again! What's the Next GoalWhile investors expect Bitcoin to experience a strong rise, the expected bullish signal came from the CryptoQuant analyst.

Accordingly, CryptoQuant writer Axel Adler said in his analysis that the average Bitcoin demand among retail investors fell to the lowest point in the last five months, reaching levels last seen in January.

After these levels last seen in January, BTC started to rise and reached its ATH of $ 73,600 in March.

Stating that retail investors were the fastest-reacting group, the analyst pointed out that Bitcoin experienced a 75% increase in the two months after the lowest levels in January.

“The average monthly change in Bitcoin demand from retail investors has fallen to -17%.

A drop similar to the previous -18% resulted in Bitcoin rising from $40k to $70k.

I also noticed that this group reacts quickly to any market changes.”

Pointing out that the BTC demand data of retail investors showed that the decrease of around 18% in January increased Bitcoin from 40 thousand dollars to over 70 thousand dollars, the analyst pointed out that if history repeats itself, BTC could rise above 120 thousand dollars from current price levels.

Even though this data gives an upward signal, do not make your investment decisions based on a single data or signal. These data are helpful data that have a margin of error and have never been proven to be 100% accurate.

*This is not investment advice.
#btc73k

Decentralized Platform Offering Futures Trading on zkSync Era Received a Huge Investment to Develop an Artificial Intelligence Wallet!

#SolanaUSTD

The Giant Company with More than 150 Cryptocurrency Investments Announced Its New Fund of 150 Million Dollars: Mentioned a Surprise Altcoin!
#altcoins

The Giant Company with More than 150 Cryptocurrency Investments Announced Its New Fund of 150 Million Dollars: Mentioned a Surprise Altcoin!
#altcoins #bitcoin #pump

Bitcoin drops to $67,000 level as crypto investors await Fed’s decision on rates: CNBC Crypto World
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Elliot Chun with Architect Partners, an M&A and financing advisor for crypto companies, discusses the ‘rapidly increasing pace’ of crypto M&A activity.#bitcoin

Will US Inflation Data Boost Bitcoin? Wall Street Giants Shared Their CPI Forecasts and Expectations!

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Will US Inflation Data Boost Bitcoin? Wall Street Giants Shared Their CPI Forecasts and Expectations!
Wall Street giants shared their expectations for US inflation data.

Author:
Elif Azra Güven
12.06.2024 - 11:16

Update: 9 seconds ago
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Cryptocurrency investors are waiting for Bitcoin to overcome the resistances it encountered on its way to the new ATH and renew its ATH, while waiting for clues from the US Consumer Price Index (CPI) data for ATH.

The USA will publish CPI inflation data for May before the June interest rate decision that the FED will announce this evening.

The data is critical after last week's higher-than-expected US employment data dampened expectations for the FED to cut interest rates.

At this point, Wall Street giants shared their expectations regarding US inflation data.

According to the Wall Street Journal, Wall Street giants such as JPMorgan, Bank of America, Goldman Sachs, Morgan Stanley, Citigroup, UBS, Nomura, RBC and Barclays estimate that the CPI will be at 3.4%.

In contrast, BNP Paribas, TD Bank and Wells Fargo forecast CPI to fall to 3.3%.

U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded the second consecutive day of outflows driven by Grayscale's GBTC.

The outflows are likely due to traders derisking ahead of U.S. CPI and the Fed rate decision.

U.S.-listed spot bitcoin exchange-traded funds (ETFs) saw a second-straight day of outflows as traders likely derisked ahead of key macroeconomic reports scheduled for later Wednesday.

Data from SoSoValue shows the eleven ETFs recorded $200 million in net outflows on Tuesday, the highest since May 1 figures of $580 million. Redemptions came amid a BTC sell-off, during which the asset briefly tumbled to $66,200 before recovering.

The Bitcoin Trend to $100,000

One of the most influential factors in Bitcoin price predictions is the recent Bitcoin halving event, occurred in April 2024. This event, which occurs roughly every four years, cuts the reward for mining Bitcoin in half, effectively reducing the supply of new Bitcoin entering the market. Historically, Bitcoin halvings have been followed by significant price increases. For example, post-halving price surges have been observed in past cycles, leading some analysts to forecast that Bitcoin could reach new all-time highs of $100,000 now two months after the 2024 event

Trump Advocates for All Remaining Bitcoin to be Made in USA