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Coinbase Now Offers Bitcoin Backed Loans: Is It Worth Considering?
If you’re a Coinbase (COIN) user, you now have a new way to leverage your bitcoin (BTCUSD) holdings—as collateral for a loan. The cryptocurrency exchange has unveiled a service that lets users borrow funds in stablecoin USD Coin (USDC) by pledging their bitcoin holdings. “You can also convert USDC to USD 1:1 for free to…
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Bitcoin Could Drop to $73,000 If Key Support Fails, Warns Analyst
Bitcoin (BTC) may face a significant downside, with prices potentially dropping to $73,000 if it breaks below its critical support level at $90,680, according to Kim Kramer Larsson, an analyst at Saxo Bank. Over the past five days, Bitcoin has declined by 3.9%, though it saw a 2.6% recovery on Friday, trading around $94,061, as…
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Meme Coins in 2025
As we step into 2025, the cryptocurrency landscape is witnessing a remarkable phenomenon: the rise of meme coins. Once dismissed as mere jokes, these digital assets have evolved into a formidable force in the crypto market, capturing the attention of both retail and institutional investors alike. The Meme Coin Revolution The meme coin sector has…
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Bitcoin ETF Outflows Surge as BlackRock’s iShares Bitcoin Trust Sees Record Withdrawals
The new year began with intensified outflows from Bitcoin ETFs, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded its largest-ever single-day withdrawal of $332.6 million on the first trading session of 2025. This data, provided by U.K.-based asset manager Farside Investors, highlights a significant shift in market sentiment. The $332.6 million outflow surpassed IBIT’s previous record…
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Bitcoin Rally Stalls as It Struggles to Reclaim $100,000
Christmas Day delivered an exciting, albeit short-lived, gift to cryptocurrency enthusiasts as Bitcoin briefly surged above $99,000. However, the joy was fleeting, and by Friday, Bitcoin had tumbled below $94,000, marking a sharp 14% drop from its all-time high of $108,000 reached on December 17. This abrupt fluctuation has reignited debate about whether this is…
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Weekly Cryptocurrency News Summary: December 16-22, 2024
The week of December 16-22, 2024, was eventful for the cryptocurrency market, with significant price movements, regulatory developments, and notable industry advancements. Here’s a comprehensive summary of the key events: 1. Bitcoin Surges Past $100,000 Amid Bold Predictions Bitcoin experienced dramatic price action this week. After briefly surpassing $108,000 earlier in the month, it dipped…
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Bitcoin Hits New All-Time High Again, Traders Set Sights on $110K and Beyond
Bitcoin continues to break barriers, hitting an all-time high for the second consecutive day as traders shift their focus to the $110,000 price level. On Tuesday, Bitcoin surged as much as 2.1% to reach $108,315 before pulling back to around $106,000 — where it started the day. This milestone highlights Bitcoin’s remarkable momentum, with the…
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Is Google’s Willow Chip a Threat to Bitcoin?
Google has unveiled its next-generation quantum computing chip, Willow, marking a monumental leap in computational power. According to the tech giant, Willow can solve problems in under five minutes that would take a supercomputer an unimaginable 10 septillion years (10²⁵) to complete. Hartmut Neven, the founder and leader of Google’s Quantum AI research team, called…
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Microsoft Shareholders to Vote on Bitcoin Investment this Week
Bitcoin has reached an extraordinary milestone, surpassing the $100,000 mark and gaining support from high-profile figures like U.S. President-elect Donald Trump and Russian President Vladimir Putin. Yet, despite the growing mainstream acceptance of the cryptocurrency, Microsoft (MSFT) remains undecided about embracing Bitcoin. The tech giant’s shareholders are set to vote this Tuesday on whether to…
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What are the top Meme Coins to watch in 2025?
Bitcoin’s impressive rally in 2024, coinciding with Donald Trump’s presidential victory in November, has shifted investor attention toward altcoins as the next potential winners in the crypto market. Among the trending discussions is the resurgence of meme coins, which some experts believe could yield significant short-term profits. Mark W. Yusko, CEO of Morgan Creek Capital…
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