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news-imageOctober 6, 2024

Bitcoin Faces Bear Market, Warns Peter Schiff: Here's What You Need to Know

Peter Schiff, a prominent financial commentator and Bitcoin skeptic, has issued a stark warning: Bitcoin may have entered a bear market. With the cryptocurrency struggling to maintain its footing, Schiff's analysis highlights a troubling trend: Bitcoin's performance has significantly lagged behind that of gold.
Publisher: The Currency Analytics
Sentiment: Negative
BTC

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Negative
cover-imageNewsBTC
October 6, 2024

Bitcoin Investors Show Fear – Could A Price Bottom Be Imminent?

In contrast to popular bullish sentiments, Bitcoin began October on a bearish note, recording a price decline of over 7% in the first three days of the month. However, while the BTC market experienced an uptick on Friday as data from the US Labor Department indicated incoming rate cuts, investors have generally retained a cautionary approach.

Positive
cover-imageThe Currency Analytics
October 6, 2024

Bitcoin Price Gains on Coinbase Premium: Is a Recovery on the Horizon

Bitcoin (BTC) is showing signs of resilience in the face of recent market fluctuations, with the price hovering around $61,361.60. According to recent analysis, the combination of robust demand in the United States and a technical indicator known as the “golden cross” may provide the support needed for a short-term recovery.

Negative
cover-imageThe Currency Analytics
October 5, 2024

Bitcoin Battles to Hold $60K: Will It Fall Back to $57K

Bitcoin's price is once again hovering near a key support level, leaving the market wondering: will it hold its ground or retreat to lower levels? The cryptocurrency briefly surpassed $61,000, raising hopes for further gains, but it remains dangerously close to the critical support at $60K.

Negative
cover-imageThe Currency Analytics
October 5, 2024

Will Bitcoin See a Fallout as Middle East Tensions Escalate

Geopolitical tensions have always played a pivotal role in shaping global markets, and Bitcoin's [BTC] price is no stranger to these influences. As tensions rise in the Middle East, investors are asking whether these developments could trigger a downturn for Bitcoin.

Positive
cover-imageCoingape
October 5, 2024

Spot Bitcoin ETFs On Course To Surpass Satoshi Nakamoto BTC Holdings

Institutional demand for Bitcoin rises as US Spot Bitcoin ETFs now hold 4.6% of the total supply, valued at $58 billion, almost surpassing the holdings of the biggest BTC owner, Satoshi Nakamoto. This surge underscores institutional investors' preference for regulated investment options over direct crypto purchases.

Positive
cover-imageBenzinga
October 5, 2024

Michael Saylor Once Said 'Bitcoin's Days Are Numbered.' Now He Holds More Than A Billion Worth Of King Crypto: Here's What Changed For One Of Crypto's Biggest Advocates

Michael Saylor is regarded as one of the most influential advocates of Bitcoin (CRYPTO: BTC), and MicroStrategy Inc. (NASDAQ:MSTR), a software firm established by him, functions more like a proxy of the leading cryptocurrency. But not many know that the Bitcoin evangelist wasn't bullish on the asset from the get-go.

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