The amount of Bitcoin available on derivatives exchanges hits its lowest since May 11, before the China miner rout took hold.
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One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
Gold disappoints on practically every timeframe while heading back toward all-time lows in BTC terms.
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Bears lick their paws while Bitcoin price blasts through $46,000
Derivatives data show the market is dominated by longs and that top traders added leverage as BTC price rallied to $46,300.
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Ethereum could pave way for $100,000 Bitcoin, Bloomberg analyst asserts
“If Bitcoin were to catch up to Ethereum’s performance this year, the No. 1 crypto’s price would approach $100,000,” believes Mike McGlone, senior commodity strategist
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Bitcoin ‘awaiting second leg of bull market’ as BTC price hits $46K 3-month highs
Those expecting a retracement after further rapid gains look on as one price level after another tumbles.
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No, Bitcoin isn’t entering a 2018-like bear cycle, new data suggests, as BTC targets $45K
Even as Bitcoin trades almost 35% below its previous record high of about $65,000, long-term investors have not contributed actively to its decline.
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