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Bitcoin's $30K Hold and Potential $15 Trillion Earthquake for Major Cryptocurrencies.

1 min read
Source: Cointelegraph
Bitcoin's $30K Hold and Potential $15 Trillion Earthquake for Major Cryptocurrencies.
Photo: Cointelegraph
TL;DR

Bitcoin's price rally towards $30,300 triggered $125 million in liquidations of leveraged short futures contracts, with some analysts pointing to the potential inflow of institutional investors if BlackRock's ETF application gets regulatory approval. ARK Invest CEO Cathie Wood is bullish on Bitcoin's $1 million target, citing its ability to outperform in a deflationary environment. The negative regulatory pressure on Bitcoin eased after Binance struck a temporary agreement with the SEC to avoid a potential asset freeze. Bears concentrated their bets on Bitcoin trading below $27,000, but were caught by surprise as Bitcoin gained 10% in two days. Bulls are in a good position to capture a $250 million profit in the weekly BTC options expiry.

Topics:businesscryptocurrency#bitcoin#bullishness#cryptocurrency#institutional-investors#options-expiry#regulatory-pressure
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  1. Bitcoin holds $30K as bulls flaunt their advantage in Friday’s $715M BTC options expiry  Cointelegraph
  2. ‘A New Wave’—Major Bank Reveals A $15 Trillion Earthquake Could Be Headed For The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin, Tron, Solana And Polygon Price  Forbes
  3. Bitcoin Prices Push Above $30,000. How It Can Drive Even Higher.  Barron's
  4. ‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss  Cointelegraph
  5. Bitcoin Surge Sparked by Optimism Over ETFs Pauses Around the $30000 Level  Wealth Management

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