Bitcoin Dives as Mt. Gox Trustee Moves $2.8 Billion to Cold Wallet
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Bitcoin Institutional Adoption ‘Remains on Track’ Despite Market Turbulence: Bernstein

Amid the battering the crypto market has received on Monday, Bernstein said Q3 for Bitcoin will be heavily influenced by macroeconomic factors and political developments. “Overall, the Bitcoin and crypto market will likely trade off macro and election cues for most of Q3, 2024,” the Bernstein analysts wrote in a note Monday morning, highlighting the interconnectedness of digital assets with…

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Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends Persist 
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Bitcoin Technical Analysis: $50,000 Support Under Siege as Bearish Trends Persist 

Bitcoin’s price reached a five-month low, dipping to $49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by growing concerns about an impending recession, with Japan’s Nikkei experiencing its steepest daily drop since ‘Black Monday’ in 1987. Futures for the Dow, Nasdaq, and S&P 500 have also shown signs of correction, […] Source: https://news.bitcoin.com/bitcoin-technical-analysis-50000-support-under-siege-as-bearish-trends-persist/

Crypto Liquidations Top $1 Billion After Bitcoin Dives Below $50K
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Crypto Liquidations Top $1 Billion After Bitcoin Dives Below $50K

The cryptocurrency market experienced a seismic shock in the past 24 hours, with total liquidations surpassing $1.06 billion and affecting 278,480 traders. This market meltdown, characterized by a stark imbalance between long and short positions, saw long liquidations reaching a staggering $902 million, while short liquidations stood at $160 million, according to CoinGlass data. The single largest liquidation in the…

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Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024
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Bitcoin Miner Argo Blockchain Reports Steady Performance in July 2024

Argo Blockchain PLC has today released its July 2024 operational update, reporting the mining of 48 BTC, maintaining an average of 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining margin in the mid-20% range, slightly lower than the previous month due to a lower […] Source: https://news.bitcoin.com/bitcoin-miner-argo-blockchain-reports-steady-performance-in-july-2024/