Bitcoin hits record high
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Bitcoin dropped over 4.5% on May 19, confirming a bearish divergence and threatening a break below $100,000. Analysts highlight $97,000–$98,500 as key support that the bulls must hold. A potential inverse head-and-shoulders pattern points to a retest of $91,000 before any bullish continuation.
Brevan Howard, based in Jersey, also scaled back, cutting its iShares ETF stake by 15.6%. Moreover, the State of Wisconsin Investment Board, which made headlines in early 2024 for being among the first major institutions to back spot bitcoin ETFs, sold its entire six million-share holding in the iShares ETF during the quarter.
The weekend pump and dump in the crypto market was due to Bitcoin (BTC)'s uptick to $107,114 on Binance. This volatile swing caused the total crypto
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CCN on MSNBitcoin Cash (BCH) Price Stabilizes After 16% Surge — Breakout Delayed but Not InvalidatedBitcoin Cash is consolidating between $385 and $410, sparking debate over its ability to rise to $500. A bullish reversal pattern has formed, with the
Bitcoin is on the verge of setting a new record for the highest monthly close ever, and new all-time highs could be fueled by the liquidation of $3 billion in short positions.
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Key Takeaways Bitcoin’s price surge above $103K is setting the tone for the entire crypto market. Altcoins are closely following Bitcoin’s trend, with many
To short Bitcoin this way, you’d open a “sell” CFD position. If Bitcoin’s price then drops, you close out your position and collect the profit based on that price difference. Quite a few online brokers offer Bitcoin CFDs, but you might find they’re not available everywhere, especially if you’re in the U.S.
Bitcoin dips to around $103,000 on Monday, wiping out Sunday's gains and raising concerns of a short-term correction. Metaplanet adds 1,004 BTC to its treasury, while spot Bitcoin ETFs saw $603.74 million in net inflows last week.