Altcoins News
By Pankaj K
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Institutional Money Steps Up. JP Morgan analysts jumped on the story April 10, saying Bitcoin's ability to hold $65,000 could…
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Exchange Activity Tells the Story. Coinbase reported a surge in institutional activity earlier this month, and that's pretty much…
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Bitcoin's price found solid ground around $65,000 this week, showing signs that weaker investors are finally throwing in the towel while stronger hands dig in for the long haul.
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The cryptocurrency's recent bounce back from lower levels caught many traders off guard, especially after weeks of wild swings that had everyone guessing where the bottom might be.
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Cathie Wood from ARK Invest didn't hold back April 9, calling Bitcoin's fundamentals rock solid despite all the market jitters.
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Galaxy Digital's Mike Novogratz weighed in April 11, calling Bitcoin's hold above $65,000 a real test of strength.
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Grayscale's Bitcoin Trust keeps trading at a discount even though Bitcoin's spot price stabilized, and that gap between institutional and retail sentiment isn't closing anytime…
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Chicago Mercantile Exchange saw Bitcoin futures volume tick up April 10. Some traders are hedging downside risks while others are betting on an upward move if Bitcoin…
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Fundstrat's Tom Lee warned April 9 that Bitcoin's path forward won't be smooth sailing. He wants everyone watching global economic indicators that could flip investor sentiment…
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The Bitcoin options market on Deribit showed serious action April 11, with open interest jumping for contracts expiring end of month.
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Kraken reported Bitcoin deposits rose 15% compared to the previous week April 10. Investors are moving holdings to exchanges, probably getting ready for more trading action.
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CoinShares released numbers April 12 showing Bitcoin investment products pulled in $150 million over the past week.
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Not everything looks bullish though. Glassnode noted April 9 that addresses holding more than 1,000 Bitcoins dropped slightly.
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Market makers on major exchanges are keeping spreads tight around the $65,000 level, which shows they're confident about liquidity at current prices.
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