Bitcoin’s post-FTX performance in line with previous cycles

Quick Take Bitcoin’s (BTC) resilience is once again underscored by recent data showing a 113% rally from the cycle low, sparked by the fallout from the FTX collapse in November 2022. This rise, strikingly, is commensurate with the performance during previous cycles, indicating an enduring robustness in Bitcoin’s market resilience.

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Latest Bitcoin Misery A Dress Rehearsal For Bullish Spectacle – Analyst

Bitcoin is displaying signs of resilience in the wake of a significant market sell-off that sent shockwaves across the digital asset landscape. Analysts are now finding solace in a combination of technical indicators and historical trends, underpinning their optimism about Bitcoin’s potential for a rebound.

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Bitcoin claims 25K as Shiba Memu investors defy bear market to take presale above $2M

Crypto markets are surprisingly going lower after some periods of resilience. Bitcoin’s price has dropped below $26,000, its lowest in 2 months. The losses have been replicated across the crypto sector.

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Bitcoin price resilience hinged on short-term holder cost basis, on-chain analysis shows

Quick Take Bitcoin’s price dynamics are exhibiting a pattern of consistent reliance on the short-term holder cost basis as a support level, currently standing at $29. 1k. For the third time this year, Bitcoin has gravitated towards this price level, indicating its significance in the market’s perception of Bitcoin’s value.

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Digital Energy Council Launches Championing Synergy Between Energy and Bitcoin & Crypto Mining

The non-profit advocacy group aims to promote responsible energy development, grid resilience, and economic growth through Bitcoin and crypto mining.

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Bitcoin holders display resilience despite market downturn triggered by Silicon Valley Bank collapse

Quick Take Tracing back to 155 days ago, the financial landscape encountered substantial turbulence with the collapse of Silicon Valley Bank around March 9 and 10, resulting in Bitcoin price plummeting below the $20,000 mark.

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Riot increases Bitcoin production by 27%

Bitcoin miner Riot has unveiled its financial results for Q2 2023, reporting a total revenue of $76.7 million. The results highlight the company’s resilience in a fluctuating market, with a 27% increase in Bitcoin production contributing significantly to its success.…

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Riot spends just $8.3k to mine 1 BTC as it looks to triple production by 2025

Riot, a key player in the Bitcoin mining sector, reported overall revenue of $76. 7 million in its financial results for the quarter ending June 30, 2023. This result underscores Bitcoin miner resilience in an unpredictable market, with a significant part of its achievement attributed to a 27% increase in Bitcoin production, as opposed to the […] The post Riot spends just $8.

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Bitcoin adjusts positively amid Texas heat wave, soaring energy costs

Quick Take Bitcoin’s positive difficulty adjustment of 0.12% marks the 12th of 17 such changes this year, demonstrating its resilience in the face of fluctuating energy costs. The positive adjustment comes at a time when Texas, a prominent hub of Bitcoin mining, grapples with soaring electricity prices resulting from an ongoing heatwave, as per CBS […] The post Bitcoin adjusts positively amid Texas heat wave, soaring energy costs appeared first on CryptoSlate.

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Bitcoin: Why HODLing is no longer the norm for long-term BTC investors

Most of these long-term investors were cashing out at a loss. Older age bands reaffirmed HODLing narrative. Bitcoin’s [BTC] prolonged low volatility phase started to test the resilience ofThe post Bitcoin: Why HODLing is no longer the norm for long-term BTC investors appeared first on AMBCrypto.

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Bitcoin’s resilience shines as cohort reaches new highs despite market shocks

Quick Take Roughly two years ago, Bitcoin experienced a significant disruption when China enforced a ban on Bitcoin mining. This development caused the cryptocurrency’s value to tumble from $60,000 to $30,000.

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Bitcoin (BTC) outlook as US GDP increases to 2.4% in Q2

The leading cryptocurrency asset by market cap, Bitcoin, displayed resilience on Thursday, even with the Fed executing a rate hike. Meanwhile, the digital currency trades around the $29K vicinity, failing to overcome the hurdle at $30,000.

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Breaking: Bitcoin Remains Steady as Fed Raises Interest Rates to 22-Year High

Bitcoin showed an impressive display of resilience Tuesday as the Federal Reserve announced a hike in interest rates to their highest level in over 22 years

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Bitcoin Whale Watch As Bitcoin Briefly Makes A $30K Price Rebound

The recent rebound of Bitcoin above $30,000 and the continuous growth of Bitcoin shark wallets are indicative of the market’s resilience and the ongoing interest of institutional investors.  Increase In Number Of Large Addresses The increase in the number of large addresses, often associated with whales, signifies growing institutional involvement and their inclination towards holding […]

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Bitcoin Held Positive Outlook In Q2 After Recording 6.9% Increase In Value Amid Repeated Volatility

In the second quarter of 2023, Bitcoin (BTC) faced a challenging period, marked by high volatility and declining trading volumes. Despite these obstacles, BTC managed to exhibit resilience and achieved modest gains, outperforming the overall crypto market.

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Sustainable Evolution: Bitcoin Mining Embraces Eco-Friendly Pathways

Bitcoin mining’s impact on the environment has been a subject of heated debate. While critics point out the high energy consumption required to secure the Bitcoin network, proponents argue that it’s necessary for maintaining the blockchain’s resilience and uptime.

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Bitcoin Monetary Policy Isn’t Dependent on Politics or External Factors, Says Fidelity

Bitcoin's monetary policy, devoid of external influence, is defined by the halving process. This resilience and self-regulation offers a unique contrast to politically driven traditional monetary systems, validating Bitcoin as a decentralized currency.

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The One Ingredient Missing From A Full-Bore Bitcoin Bull Run

Bitcoin price is showing resilience in the face of adversity and is up nearly 100% from bear market lows. However, it has yet to show signs of an undeniable bull market as it has in the past. That’s because of just one missing ingredient, according to a new BTCUSD weekly chart.

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Bitcoin’s Resilience Shines Amid Largest Decline of BTC Inflows and Supply in History

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Why some hedge funds are shorting U.S. banks

The U. S. banking market recently underwent its annual stress test conducted by the Federal Reserve. This exercise, designed to evaluate the resilience of banks in the face of economic downturns, revealed a mixed bag of results that could have far-reaching implications for the cryptocurrency market, particularly Bitcoin.

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Fed Chair Powell says More Rate Hikes on the Horizon, Bitcoin Remains Strong

One can’t help but notice the resilience and staying power of Bitcoin, the pioneer of digital assets. Despite the looming threat of rate hikes announced by Fed Chair Powell, Bitcoin continues to hold its ground, demonstrating its robustness in the face of economic shifts.

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Bitcoin Surges to $31,000 While U.S Supreme Court Sides with Coinbase

In a world where digital currencies are rapidly reshaping the financial landscape, Bitcoin has once again proven its resilience, soaring past the $31,000 mark. This surge, the highest in over a year, is a testament to the growing institutional interest in the future of cryptocurrencies.

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Bitcoin breaks $31k as it continues to shake off recent slumps

As ongoing regulatory pressures ramp up towards several cryptocurrencies, Bitcoin (BTC)has shown impressive resilience, breaking the $31,000 barrier today and marking its highest close of the year.

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Why Monero Stands Tall Amidst Cryptocurrency Volatility

One digital asset stands out as a beacon of stability amidst the turbulent waves of the market and it is Monero. This cryptocurrency, though smaller in volume on Centralized Exchanges (CEXs) compared to giants like Bitcoin and Ethereum, has demonstrated remarkable resilience.

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Hodlers keep accumulating Bitcoin in wake of US regulation onslaught

Amidst market uncertainty and regulatory crackdowns, Bitcoin's long-term holders have been unfazed, steadily accumulating the digital asset. As a key market sentiment indicator, these investors showcase resilience in the face of chaos.

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Bitcoin Breaks $26,000 Ahead of US Inflation Report

Bitcoin surges past $26,000, showcasing resilience amidst regulatory pressures and in anticipation of US inflation data and Fed's rate decision. The post Bitcoin Breaks $26,000 Ahead of US Inflation Report appeared first on BeInCrypto.

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Data Reveals Short-Term Bitcoin Holders Refuse To Sell Despite SEC Crackdown

Amid ongoing regulatory scrutiny and fear, uncertainty, and doubt (FUD) surrounding Bitcoin (BTC), short-term holders who are often known to be the first to sell off their assets when prices decline have displayed unusual resilience in the face of the current market challenges.

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Long-Term Bitcoin Holders Unfazed By Binance, Coinbase Lawsuits: Glassnode

Long-term Bitcoin holders are standing strong amidst the storm, undeterred by the recent lawsuit filed against Binance and Coinbase Exchange by the US Securities and Exchange Commission (SEC).  The resilience of these dedicated holders is evident as data from crypto markets analytics provider, Glassnode, reveals that the percentage of Bitcoin Long-Term Holder Supply sent to […]

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US SEC sues Binance and Coinbase, but Bitcoin remains above $26k

Key takeaways Bitcoin maintains its value above $26k despite the FUD surrounding Binance and Coinbase. The resilience of the market could prove beneficial to new projects like AltSignals.   The cryptocurrency market looks promising at the moment despite the events of the last two days.

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First Mover Americas: Bitcoin Shows Resilience Amid SEC Lawsuits Against Binance, Coinbase

The latest price moves in bitcoin (BTC) and crypto markets in context for June 7, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

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Bitcoin Investors Get Robust Returns In May – How Will Binance Lawsuit Affect Their Gains?

Bitcoin (BTC) investors witnessed a lucrative month in May, as the world’s most renowned cryptocurrency showcased its resilience and delivered robust returns. However, in the face of the changing market sentiment, a looming legal battle threatens to cast a shadow over these gains.

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Bitcoin User Surge Defies LUNA, FTX Crises

In a show of undeniable resilience, Bitcoin has seen a surge of 5.42 million new unique addresses, despite the catastrophic failures of both FTX and LUNA

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Bitcoin 2023 Was A Demonstration Of The Bitcoin Community’s Resilience And Optimism

Looking back at this year’s conference reveals incredible moments, new industry growth and optimism for the future.

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First Mover Asia: Why Did Bitcoin's Price Hold Above $27K Over the Weekend? Two Analysts Expect Continued Resilience

ALSO: The bitcoin options put/call ratio across exchanges has sunk to 0.47, suggesting that fewer investors are seeking downside protection against price declines than they had prior to the passage of a bill to raise the U.S. debt ceiling.

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Bitcoin’s Resilience Prevails Despite 474 ‘BTC Deaths’ Declarations

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Bitcoin outperforms commodities as market gears up for high volatility

Bitcoin and commodities have shown surprising resilience since 2023. Recent data reveals Bitcoin outperforming silver and gold, but there's an unusual twist in its monthly realized volatility and exchange activity momentum.

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Bitcoin's dive under $27K liquidates $100M — So why aren't margin traders flipping bearish?

BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000.

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Bitcoin’s dive under $27K liquidates $100M — So why aren’t margin traders flipping bearish?

BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000.

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Bitcoin (BTC) Price Jumps Past $29,000 Soon after Fed Rate Hike

Coinspeaker Bitcoin (BTC) Price Jumps Past $29,000 Soon after Fed Rate Hike Amid the unfolding banking crisis and interest rate hikes, Bitcoin has been showing strong resilience attempting another breakout above $30,000.

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Michael Saylor decodes bitcoin’s enigmatic future

In a recent CNBC interview, MicroStrategy CEO Michael Saylor unveils his bullish outlook on bitcoin (BTC). As he deciphers the digital asset’s complex trajectory, Saylor emphasizes the company’s unwavering conviction, bitcoin’s remarkable resilience, and the significance of a long-term perspective…

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Bank failures pump bitcoin price in weak financial markets

As regional bank failures rattle the financial markets, Bitcoin's price surges to the $28,500 level, showcasing its resilience and growing appeal as a safe haven for investors.

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DigiToads (TOADS) Proves Its Worth, Leaving Behind Helium (HNT) and Gmx (GMX) in the Crypto Game

In the constantly shifting landscape of cryptocurrencies, Bitcoin has managed to maintain its dominant position. Despite the recent market correction from its 2023 high of nearly $31,000 in mid-April, Bitcoin’s impressive 66% gain since the beginning of the year remains a testament to its resilience.

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Why Today’s Bitcoin Price Exudes Strength

Explore Bitcoin's resilience and dive into key metrics and trends, including price movement, on-chain indicators, leverage, tightening supply, and growing demand - painting a promising outlook for the price of BTC.

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Bitcoin mining difficulty hits record high, indicating network resilience

Bitcoin's mining difficulty has reached a new all-time high of 48.7T, after a 1.72% increase, according to BTC.com, demonstrating the cryptocurrency network's resilience.

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ICP Bulls On A 10-Day Joy Ride, When Does It Stop?

The ICP token is currently up on its largest candle after following the trend of its nine bullish candles on the daily chart. Despite Bitcoin’s mood swings that saw it trade below the $30,000 price level yesterday, the Internet Computer token showed unwavering resilience as it maintained its bullish streak.

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Are institutions FOMOing back into Bitcoin?

As Bitcoin's price climbed to over $30,000, many speculated whether this would attract hedge funds and institutions back into the market. With significant sideline capital eyeing lower prices, Bitcoin's self-sustained resilience became apparent.

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Buckle Up! Bitcoin Bollinger Bands Signal An Impending Rollercoaster Ride

After weeks of going nowhere, Bitcoin price is gearing up for a massive move. Buckle up, because we are going to show you why, according to the Bollinger Bands, BTC is about to blow. Crypto Market Goes Calm After A Q1 2023 Comeback Bitcoin has managed to survive a brutal crypto winter and even show resilience throughout bleak macro conditions and rising interest rates from the US Federal Reserve.

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Bitcoin Defies Odds, Closes Week Strong Despite Massive Dump of Seized BTC By US Authorities

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MacroSlate Weekly: Bitcoin maintains resilience in face of continuing market uncertainty

TLDR Bitcoin broke out of a potential bear market according to realized price cohorts. The post MacroSlate Weekly: Bitcoin maintains resilience in face of continuing market uncertainty appeared first on CryptoSlate.

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