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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

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    Labubus have succeeded in every way that NFTs have failed

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    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

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    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

    This Game Lets You Relive the Ethereum Story Through Vitalik Buterin’s Eyes

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  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What’s the Difference & Which Is Better to Trade?

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    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

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    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

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    What Is Crypto Staking? How to Earn Crypto by Holding It

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  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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From Michael Saylor’s tweets to Tether’s impact: Bitcoin turning bullish?

August 21, 2024
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From Michael Saylor’s tweets to Tether’s impact: Bitcoin turning bullish?
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  • Michael Saylor’s statement was in line with what the Bitcoin MACD indicator showed.
  • Tether treasury mints $1B USDT with zero fees.

The founder and former Microstrategy CEO, Michael Saylor’s tweet, “By my calculations, Bitcoin [BTC] is going up forever,” resonated strongly with the crypto community, fueling anticipation for a 2024 bull run.

Saylor’s comments coincided with 60% of top US hedge funds gaining Bitcoin exposure in the first half of 2024. This surge in institutional interest has driven up Bitcoin ETF prices and Bitcoin itself. 

On the charts, Bitcoin has shown intention to go higher after wicking above the 4-hour resistance while the 3-day chart shows a bullish double bottom with a significant engulfing candle, indicating a strong upward momentum.

Source: Tardigrade/TradingView

Moreover, Bitcoin MACD indicator on the daily time frame began forming a bullish pattern five days ago and has now fully flipped bullish. 

The market has steadily moved towards a bullish convergence on the MACD, signaling potential upward momentum. 

This shift in the MACD suggests a strengthening trend that could lead to further gains, as more traders are starting to notice this bullish signal.

Source: CryptoQuant

Tether treasury mints another $1B USDT

Tether, which operates like the Federal Reserve of crypto, influencing market trends whenever new USDT is minted. Tether Treasury minted $1 billion USDT on TRON with zero fees. 

During the latest Bitcoin correction, Tether’s printers were highly active as Whale Alert noted on X with the total minted USDT distributed as $85 million transferred to Bitfinex and $50 million to an unknown wallet. 

Source: Arkham

The continued minting of USDT is expected to drive Bitcoin prices higher in the upcoming bull market.

See also  Miners’ bitcoin production dipped in January amid energy curtailment

Strong accumulation as open interest rises

Bitcoin is in a strong accumulation phase, with Metaplanet purchasing 500 million Yen ($3.4 million) worth of Bitcoin, raising its holdings to 360.368 BTC as Karan Singh noted on X.

This move, alongside rising institutional confidence, has driven Metaplanet stocks up by 13%. Additionally, Glassnode reports that the Bitcoin accumulation index has peaked at 1.0, indicating a surge in buying activity.

Source: Glassnode

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Read Bitcoin’s [BTC] Price Prediction 2024-25


Investors are increasingly accumulating more positions following BTC’s open interest increase by 5%, driven by leverage.

Source: CryptoQuant

Historically, leverage-fueled pumps have often led to price reversals, though there’s no certainty it will happen again. 

Previous: Trump Jr. teases major crypto update as Donald Trump reclaims polling lead
Next: Aptos analysis: Bearish signs emerge despite price recovery

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Michael Saylor’s statement was in line with what the Bitcoin MACD indicator showed.
  • Tether treasury mints $1B USDT with zero fees.

The founder and former Microstrategy CEO, Michael Saylor’s tweet, “By my calculations, Bitcoin [BTC] is going up forever,” resonated strongly with the crypto community, fueling anticipation for a 2024 bull run.

Saylor’s comments coincided with 60% of top US hedge funds gaining Bitcoin exposure in the first half of 2024. This surge in institutional interest has driven up Bitcoin ETF prices and Bitcoin itself. 

See also  Is Bitcoin ready for a rally? These market indicators say otherwise

On the charts, Bitcoin has shown intention to go higher after wicking above the 4-hour resistance while the 3-day chart shows a bullish double bottom with a significant engulfing candle, indicating a strong upward momentum.

Source: Tardigrade/TradingView

Moreover, Bitcoin MACD indicator on the daily time frame began forming a bullish pattern five days ago and has now fully flipped bullish. 

The market has steadily moved towards a bullish convergence on the MACD, signaling potential upward momentum. 

This shift in the MACD suggests a strengthening trend that could lead to further gains, as more traders are starting to notice this bullish signal.

Source: CryptoQuant

Tether treasury mints another $1B USDT

Tether, which operates like the Federal Reserve of crypto, influencing market trends whenever new USDT is minted. Tether Treasury minted $1 billion USDT on TRON with zero fees. 

During the latest Bitcoin correction, Tether’s printers were highly active as Whale Alert noted on X with the total minted USDT distributed as $85 million transferred to Bitfinex and $50 million to an unknown wallet. 

Source: Arkham

The continued minting of USDT is expected to drive Bitcoin prices higher in the upcoming bull market.

Strong accumulation as open interest rises

Bitcoin is in a strong accumulation phase, with Metaplanet purchasing 500 million Yen ($3.4 million) worth of Bitcoin, raising its holdings to 360.368 BTC as Karan Singh noted on X.

This move, alongside rising institutional confidence, has driven Metaplanet stocks up by 13%. Additionally, Glassnode reports that the Bitcoin accumulation index has peaked at 1.0, indicating a surge in buying activity.

Source: Glassnode

 

See also  Analyst - 'ETH isn't dying,' despite Bitcoin outpacing Ethereum

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Read Bitcoin’s [BTC] Price Prediction 2024-25


Investors are increasingly accumulating more positions following BTC’s open interest increase by 5%, driven by leverage.

Source: CryptoQuant

Historically, leverage-fueled pumps have often led to price reversals, though there’s no certainty it will happen again. 

Previous: Trump Jr. teases major crypto update as Donald Trump reclaims polling lead
Next: Aptos analysis: Bearish signs emerge despite price recovery
Tags: BitcoinBullishimpactMichaelSaylorsTethersTurningTweets

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