Posts by bitcoinoxmanager

Bitcoin is experiencing a strong recovery, gaining 5% and reaching over $57,000 after a difficult start to September, where its price briefly dipped below $53,000 last Friday. The crypto market leader is outperforming the broader market, with the CoinDesk 20 Index only advancing by 4.2%. Meanwhile, Ethereum (ETH) is trailing behind, posting a 3% rise…

Bitcoin experienced a downturn, falling below $59,000 with a weekly loss exceeding 3.5%, as demand for the cryptocurrency showed signs of weakening. Major exchange-traded funds (ETFs), particularly those like BlackRock’s IBIT, recorded significant net outflows, highlighting a retreat by professional investors from the market. U.S.-listed Bitcoin ETFs saw $71 million in net outflows on Thursday,…

The Future of Web3 Gaming: How Catizen is Pioneering Success on TON The Open Network (TON) is rapidly emerging as a key player in the crypto landscape, and Catizen is at the forefront of this revolution by engaging gamers through Web3. According to TONStat, the TON ecosystem boasts over 10.78 million activated wallets—a staggering 1400%…

Bitcoin Drops Below $50K as Investors Shift Away from Risk Assets Bitcoin (BTC) tumbled below $50,000 during Asian trading hours on Monday before bouncing back to nearly $53,000. This marks the cryptocurrency’s lowest point since mid-February. The decline is attributed to rising geopolitical tensions in the Middle East and growing concerns about the global economy,…

Despite a favorable U.S. inflation report, Bitcoin (BTC) was unable to overcome a significant resistance level on Thursday, continuing its downward trend that began in early June. The positive inflation news initially boosted market optimism and increased bets on a potential Federal Reserve rate cut, driving interest in higher-risk assets like BTC. For a brief…

Mt. Gox, once the world’s leading crypto exchange, has initiated repayments to customers affected by a 2014 hack that resulted in the loss of 740,000 BTC. This marks the end of a nearly 10-year wait for some users to reclaim their crypto assets. The announcement of repayments, starting in July, triggered selling pressure in the…

After the initial debate of the 2024 election cycle, Republican candidate Donald Trump saw a significant boost in his odds of winning, according to Polymarket. This betting platform revealed increased market sentiment suggesting President Biden might not secure the Democratic nomination or could potentially withdraw from the race. Blockchain bettors were unimpressed with President Biden’s…

Bitcoin’s price action has led to four weeks of negative crowd sentiment, signaling a potential opportunity for bullish traders. Despite a 3% drop in the past 24 hours, sentiment remains pessimistic, with fear and disinterest prevailing. However, Santiment’s indicators suggest that whale accumulation and trader fatigue could lead to a bounce back. With Google Trends…

Drake’s $1 Million Crypto Bet on Oilers and Mavericks at Risk as Both Teams Trail 3-0 Canadian singer Drake is on the verge of losing $1 million in bitcoin after placing two separate $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective NHL and NBA finals. Drake made the bets…