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Analyst Forecasts Dogecoin Price May Reach $1.25 by May
In the realm of cryptocurrency trading and investment, particular interest has recently centered on Dogecoin (DOGE), a digital asset that has garnered a significant following and demonstrated volatility characteristic of the market. The trajectory of DOGE going forward can be evaluated through two distinct scenarios that encompass potential short-term and medium-term price movements. These scenarios…
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Bitcoin Achieves First $100K+ Monthly Close as BTC Price Anticipates Major Shift
In recent months, Bitcoin has once again demonstrated its capacity to attract significant market attention and investor interest. As we conclude the latest monthly trading period, Bitcoin has achieved a notable milestone by recording its highest monthly closing price to date. This achievement underscores not only the asset’s remarkable price resilience but also its potential…
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Net Inflows of Bitcoin ETP in February Approach Total of Past Three Months
According to recent data from ByteTree, there has been a significant increase in the global allocation of Bitcoin among exchange-traded products (ETPs) since October 2023. This influx has resulted in an addition of approximately 100,000 BTC to ETP holdings. Currently, there are around 890,000 BTC held in various ETPs worldwide, which accounts for approximately 4.56%…
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What drove Bitcoin’s market cap to increase by $102 billion while realized cap only grew by $4 billion?
Bitcoin’s Market Cap Surges by $102 Billion While Realized Cap Grows by Only $4 Billion Bitcoin’s price experienced a significant increase in February, rising from $43,049 at the beginning of the month to $49,900 on February 12. This surge in price has brought Bitcoin closer to breaching the significant resistance level of $50,000 and approaching…
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Nigeria lifts longstanding restrictions on cryptocurrency transactions
The Central Bank of Nigeria (CBN) made a noteworthy about-face in its position on cryptocurrency transactions in the country, effectively lifting the ban that had been in place. The announcement, which was made on December 22 through a circular, permits Nigerian banks and other financial institutions to resume their operations with cryptocurrency service providers. This…
