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Analyzing the recent drop in the Dollar Strength Index and its implications for Bitcoin.
The final event of the America Loves Crypto tour took place yesterday in Washington, D.C. as the country counts down to the 2024 election. Speakers including Coinbase CEO Brian Armstrong, ConSensys CEO Joseph Lubin, and Congressman Wiley Nickel (D-NC) addressed the maximum capacity crowd at the Black Cat music venue. The speakers largely agreed on [...]
The post Bi-Partisan Consensus Emerges on Final Day of America Loves Crypto Tour appeared first on Crypto Breaking News.
A look at how to incorporate real data into your investment strategy.
Bitcoin's market sentiment is nearing extreme fear, potentially presenting investors with a prime buying opportunity.
The Institutional Paradox: How Big Money is Reshaping Bitcoins Future
Bitcoin Magazine Pros Bitcoin Cycle Master tool rates Bitcoins current price of $63,500 as fair market value, signaling potential growth based on historical trends and on-chain metrics.
Exploring the Potential Surge: When Will Retail Investors Return to Bitcoin and Drive Prices Higher?
Unveiling the Truth Behind Whale Activity: Are Major Bitcoin Holders Truly Buying the Dip, or Is the Market in a Redistribution Phase?
The latest data from Bitcoin Magazine Pro reveals that nearly 75% of circulating Bitcoin hasn't moved in over six months, indicating a strong commitment to HODLing among Bitcoin holders.
Bitcoin Magazine Pro data reveals that weekly investments of $10 in Bitcoin over the past five years resulted in significantly outperforming gold, Apple stock, and the Dow Jones Industrial Average.
Bitcoin Magazine has officially appointed van Wirdum as its Editor in Chief.
This week, a new PolitFi token made the headlines amid the crypto market recovery. Restore The Republic (RTR) caught the attention of investors after rumors of being linked to the Trump family surged. The Trump-themed token saw a massive surge after its launch. However, its price quickly plunged after the former US presidents camp denied any links with it. Related Reading: Toncoin Soars 14.8% After Binance Listing, Is TON Poised For A Breakout? Trump-Themed Token Turns Out Fake On Thursday night, a PolitiFi token was surrounded by controversy after it plummeted by over 95% just hours after launching. Restore The Republic was described as a token to ensure that our nation remains a beacon of freedom, justice, and opportunity. The memecoin created a buzz among investors as it was suspected to be the Trump Familys highly anticipated crypto project announcement. As a result, RTRs price surged over 14,500% following its launch, going from trading at $0.001 to as high as $0.15. The token also hit a market capitalization of $155 million three hours after launching. However, the rapid surge was quickly met with a massive drop after Eric Trump claimed the project wasnt related to the former US president. In an X post, Eric warned crypto investors of fake tokens, stating that the only official Trump project has NOT been announced. He also emphasized that the news would come directly from their camp first. Immediately after, RTRs market cap nosedived, going from $125 million to $13 million. The token went from trading around the $0.12 mark to $0.007 in less than an hour, leaving many investors with massive losses. On-chain data analysis firm Lookonchain revealed that a crypto whale lost over $800,000 after FOMO-buying the token. Per the report, the investor spent 5,800 SOL, worth $916,400, to buy 7.2 million RTR at its highest price. Due to the price crash, the whale sold the RTR tokens for only 118 SOL, worth around $18,000, resulting in a loss of $898,500 in four hours. Crypto Scam Déjà Vu Online reports revealed that insiders made over $4 million from the memecoin. The newly created wallets bought millions of RTR as it opened trading. The insiders sold the token right after Trumps camp denied ties to the memecoin. After the price crash, the crypto community discussed the tokens shady launch and promotion. Students for Trump groups co-founder and chairman, Ryan Fournier, suggested in a now-deleted post that RTR was the official Trump token. Moreover, several KOLs (Key opinion leaders) promoted RTR to their followers, claiming it was the highly anticipated Trump project. After the collapse, some of these influencers affirm to have lost large sums of money. One KOL also claims to possess legal documentation that proves Donald Trump Jr.s involvement with the launch. The crypto community quickly compared this incident to the last official token linked to the Republican presidential candidate. Nearly two months ago, DJT made the headlines after being rumored to have been launched by 18-year-old Barron Trump. At the time, other Trump-inspired tokens crashed by over 30%, including the MAGA (TRUMP). However, it was later revealed that the token was created and run by Pharma bro Martin Shkreli. Related Reading: Solana Faces Uncertainty: Expert Explains Impact Of Jumps Rumored Exit Following the RTR debacle, Donald Trump Jr. spoke about cryptocurrencies inspired by his father. He stated that he has nothing to talk about regarding these tokens. He also deemed people assuming that all Trump-themed tokens are linked to the family as the problem. The businessman clarified that he loves and respects memecoin culture, but they are not the crypto project they have been teasing. Featured Image from Unsplash.com, Chart from TradingView.com
Relative to current price, holding Bitcoin has been profitable for almost all of its existence.
Political memecoins are running rampant ahead of the US 2024 presidential election, reflecting both the excitement and turmoil of the race.
MAGA is painting a classic bullish reversal pattern ahead of Donald Trumps keynote at the upcoming Bitcoin 2024 conference in Nashville.
This strategic collaboration provides Bitcoin Magazine Pro users with more real-time data and market-leading chart intelligence.
Trumps election odds on prediction markets and several other Trump-themed memecoins soared following an assassination attempt on the former president while he was speaking on stage at a rally in Butler, Pennsylvania.
President Donald Trump has been officially announced as a speaker at Bitcoin 2024, the worlds largest Bitcoin conference, taking place in Nashville, Tennessee, July 25-27. This announcement marks a significant milestone for the event, which has earned a reputation for historic news and major industry announcements. ANNOUNCING: PRESIDENT DONALD J. TRUMP TO SPEAK AT #BITCOIN2024 [...]
The post Donald Trump To Speak at Bitcoin 2024 Conference in Nashville appeared first on Crypto Breaking News.
Several PolitiFi and animal-themed memecoins continued to soar in the second quarter despite the broader market downfall, which NFTs were a part of.
Australia now officially has its first spot Bitcoin ETF that directly holds BTC. The Monochrome Asset Management’s Bitcoin ETF (IBTC) just began trading as the Cboe Australia exchange opened. Trading under the ticker IBTC, the ETF carries a management fee of 0.98%. BREAKING: Australia's first spot #Bitcoin ETF to hold #BTC directly officially begins trading. pic.twitter.com/k4OPyPDm5O — [...]
The post Australias First Spot Bitcoin ETF With Direct Holdings Officially Begins Trading appeared first on Crypto Breaking News.
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