The price of Bitcoin continues to trade within a narrow range around $110,000 as it awaits the crucial interest rate decision by the US Federal Reserve set for September 17. According to CoinMarketCap data, Bitcoin has seen a minor increase of 0.44% in the last 24 hours, trading at $111,074. Last week’s Non-Farm Payroll data in the US fell short of expectations, strengthening the likelihood of an interest rate cut by the Fed.

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Historical data suggests that Bitcoin, the largest cryptocurrency, often tests its highest and lowest levels within the first 12 days of September. Analysts anticipate a weak performance for Bitcoin throughout the month, highlighting the significance of price movements in the first week, which could set the trend for the remaining days.

Read the full article here: https://en.coin-turk.com/bitcoins-september-struggles-will-it-plunge-towards-100000

Bitplanet, a renowned South Korean company, is set to make a significant mark with its plans to create the country’s inaugural institutional Bitcoin treasury. The firm announced the allocation of a substantial $40 million specifically aimed at purchasing Bitcoin.

Read the full article here: https://en.bitcoinhaber.net/south-korean-firm-embarks-on-bitcoin-mission

Bitcoin (BTC) is lingering around $111,000, which has sparked concern among traders as it struggles to maintain the $112,500 support. Roman Trading, a renowned analyst known for his pessimistic forecasts on Bitcoin, remains firm in his stance and has laid out his reasoning and projections.

Read the full article here: https://en.coin-turk.com/bitcoin-stalls-as-analysts-debate-future-price-directions

Bitcoin has seen a dramatic increase in its trading volume over the past two weeks, the most significant spike noted since the start of the year, according to insights from Santiment, a behavior analysis platform. A striking $90.90 billion surge, which coincided with a peak at an all-time high of over $124,000, highlights key moments for strategic trading.

Read the full article here: https://en.bitcoinhaber.net/bitcoins-sales-spike-signals-opportunity

As Bitcoin prices fluctuate around $118,348, the cryptocurrency market finds itself at a pivotal juncture. With a minor increase of 0.39% in the last 24 hours, Bitcoin is influencing investor decisions through its medium-term trajectory. Analysts have brought forward alternative scenarios involving potential declines and sideways movements, leaning on technical analysis data.

Read the full article here: https://en.coin-turk.com/analysts-highlight-bitcoins-dual-path-breakthrough-or-stalemate

Recently, major Bitcoin holders, known as whales, have significantly transferred their BTC to exchanges, raising the Exchange Whale Ratio indicator on CryptoQuant to 0.7. This shift suggests that whales are moving substantial amounts of Bitcoin from personal to exchange wallets as part of profit-taking or reallocating strategies. Despite these movements, long-term investors still control 67% of the total Bitcoin supply, hinting at a measured repositioning rather than panic.

Read the full article here: https://en.coin-turk.com/whales-trigger-bitcoin-rush-as-market-dynamics-shift

Recent movements in the cryptocurrency market have been dramatic, following a significant Bitcoin transaction involving Galaxy Digital. Bitcoin’s value plummeted to $115,080, the lowest it has seen in two weeks, largely due to Galaxy Digital’s maneuver of moving 10,000 BTC, amounting to roughly $1.18 billion, to various crypto exchanges.

Read the full article here: https://en.bitcoinhaber.net/galaxy-digital-moves-bitcoin-impacting-prices

Matador Technologies Inc. has unveiled its plan to amass 6,000 Bitcoin by 2027, significantly increasing its current holdings of 77.4 Bitcoin. The intermediate objective is to secure 1,000 Bitcoin by 2026 as part of its broader ambition to join the ranks of the top 20 Bitcoin holders worldwide and control 1% of the total Bitcoin supply.

Read the full article here: https://en.bitcoinhaber.net/matador-pursues-bold-bitcoin-expansion

Earlier this month, significant wallet movements raised concerns among investors, impacting the cryptocurrency market with noticeable price declines. One of the big players, a well-known whale with substantial Bitcoin holdings, is once again on the move. Previously, the nature of these transactions was unclear, leaving investors uncertain. However, with assets not being transferred to exchange addresses, a sense of relief momentarily soothed the worried minds of investors. The question now is, what does this mean for the current crypto scenario?

Read the full article here: https://en.coin-turk.com/the-giant-whale-reactivates-whats-next-for-bitcoin/

Bitcoin‘s value has skyrocketed beyond $117,000, driven by $1.17 billion in liquidations over the past 24 hours. Starting the day at around $111,000, the world’s leading cryptocurrency saw a rise of 5.57%, reaching an unprecedented level. This remarkable surge positioned Bitcoin higher in market value than Google, leaving only Amazon, Apple, Microsoft, Nvidia, and gold ahead.

Read the full article here: https://en.bitcoinhaber.net/bitcoin-prices-skyrocket-over-117000

Singapore-based education company, Genius Group, has taken a significant step in its Bitcoin strategy. The company aims to accumulate 10,000 Bitcoins within the next two years, a tenfold increase from its previous target. This bold plan underscores Genius Group’s desire to leverage its cryptocurrency assets actively. The group plans to raise funds through a $1.1 billion share sale agreement, facilitated by H.C. Wainwright & Co. Additional financial sources will include operational revenues, preferred shares, and convertible bonds.

Read the full article here: https://en.coin-turk.com/genius-group-aims-big-10000-bitcoins-in-sight/

A recent analysis by Glassnode reveals that Bitcoin holders are seeing considerable profits amid a remarkable rise in the cryptocurrency’s value. Following a price increase to $107,000, many have logged impressive returns, and Bitcoin investors now enjoy an average paper profit of around 125%.

Read the full article here: https://en.bitcoinhaber.net/bitcoin-enthusiasts-reap-huge-profits

The current price of Bitcoin hovers at $107,249, just 5% below its historical peak of $112,000. As one of the leading assets in cryptocurrency markets, Bitcoin’s nearing of its all-time high prompts caution among investors regarding the potential for a new record.

Read the full article here: https://en.coin-turk.com/bitcoin-nears-record-high-as-sp-500-hits-new-peak/

Bitcoin has shown commendable resilience by maintaining its position above the $107,000 mark, signaling a potential for a record-breaking rally. Recent data from CoinMarketCap reveals that the leading cryptocurrency is currently valued at $107,234, despite a slight 0.5% dip in the last 24 hours. This follows a previous dip below the $100,000 mark, indicating a recovery from past turbulence. Jeff Mei, COO of BTSE, anticipates that easing tensions between Iran and Israel will prime the conditions for Bitcoin to surpass the $112,000 milestone. Furthermore, prospective interest rate reductions and geopolitical stability are spotlighted as encouraging factors for potential buyers.

Read the full article here: https://en.bitcoinhaber.net/bitcoin-eyes-breakthrough-as-stability-returns

As of the time of writing, the leading cryptocurrency has once again fallen below the $100,000 mark. The primary cause of this decline is the escalating global tensions, particularly the ongoing missile attacks. In the coming moments, it is anticipated that Iran will strike U.S. bases in response to Israel and the United States’ strikes, leading to Bitcoin’s dip under $100,000.

Read the full article here: https://en.coin-turk.com/global-tensions-push-bitcoin-below-100000-what-happens-next/

The Bitcoin Exchange-Traded Funds (ETFs) market in the United States has recorded its eighth consecutive day of net inflows, reaching a cumulative value of $2.4 billion. BlackRock’s IBIT fund is leading this movement with a notable inflow of $278.9 million, while Fidelity’s FBTC has also experienced significant gains with an influx of $104.4 million. Contrary to this positive trend, Grayscale’s GBTC has seen a net outflow of $16.4 million. Spot Ethereum ETFs are currently lagging, contributing only a modest $19.1 million net inflow. Analysts attribute the contrasting dynamics between Bitcoin and Ethereum ETFs to prevailing macroeconomic uncertainties and a deficiency of catalysts in the market.

Read the full article here: https://en.bitcoinhaber.net/bitcoin-etfs-surge-with-2-4-billion-inflow

Galaxy Digital CEO Mike Novogratz has projected that Bitcoin could potentially skyrocket to the $1 million mark. He articulated this bold prediction during his recent appearance on the Schwab Network program. Novogratz, a crypto billionaire, cited the increasing adoption of Bitcoin among younger investors and the forthcoming intergenerational wealth transfer as the primary reasons behind his forecast. He emphasized that Bitcoin’s current market capitalization, estimated at around $2 trillion, still lags significantly behind gold’s value of approximately $20 trillion.

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Bitcoin continues to assert itself as a formidable asset in the financial arena, marking its significance beyond being a mere digital currency. Galaxy Digital’s CEO, Mike Novogratz, shared his optimistic outlook on Bitcoin’s future, advocating for its growing acceptance within traditional finance sectors. He envisions a future where Bitcoin could potentially rival gold, with each unit valued at $1 million. The perception of Bitcoin has evolved significantly over the past ten years, with interest from institutional players helping it transition from skepticism to a recognized investment.

Read the full article here: https://en.bitcoinhaber.net/bitcoin-takes-center-stage-in-financial-markets

The leading cryptocurrency, Bitcoin, surged to $110,260 late on Monday, June 9th, recovering from the preceding week’s selling pressure and climbing over 4% in the past 24 hours. This marks Bitcoin just 2% shy of its all-time high, bolstering a broader market recovery led by Ethereum. The total open positions in futures increased by approximately 6% to $154.8 billion, with leveraged positions worth over $445 million liquidated, $204 million of which came from Bitcoin positions. Analysts highlight three key dynamics driving this price surge: reduced regulatory uncertainty, sustained institutional demand, and increased liquidity.

Read the full article here: https://en.coin-turk.com/bitcoin-surges-three-factors-fueling-the-cryptocurrencys-ascent/