Bitcoin price climbs above $71k as Middle East tensions fail to trigger fresh sell-off

Bitcoin price pushed back above $71,000 on Wednesday, defying geopolitical jitters tied to escalating Middle East tensions and a spike in global oil prices, as on-chain data suggests selling pressure may be drying up.

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Middle East explodes, Bitcoin steady: is something broken?

Why are markets staying calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here? Missiles fly, Bitcoin steady A year ago, Israeli Prime Minister Benjamin Netanyahu stood confidently…

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Are Qatar And Middle East Tycoons Doubling Down On Scarce Bitcoin?

Taking to X on December 4, Mike Alfred, who claims to be an “engaged value investor and board director,” said there have been rumors suggesting that Bitcoin (BTC) traders are facing increased competition from “Qatar’s sovereign wealth fund and other Middle Eastern investors.

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Phoenix Group IPO raises $370M, signaling investor confidence in Middle Eastern crypto economy

Abu Dhabi’s Phoenix Group, a Bitcoin (BTC) mining service provider, has completed an initial public offering (IPO) that sold 907 million shares, raising approximately 1. 3 billion UAE Dirhams, or $370 million, according to a Nov.

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Arthur Hayes expects Bitcoin rally amid Middle East escalation

Arthur Hayes, former CEO of cryptocurrency exchange BitMEX, believes that Bitcoin is already hinting at explosive growth in the future. As the United States increasingly invests in two new wars, the risk of escalation around the world grows, Hayes said…

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Fantom, Aptos, Pepe Coin lead crypto gainers as Bitcoin bulls eye $31K

The crypto market exhibited bullishness today (October 23) as most digital assets welcomed the week on positive price actions. Meanwhile, cryptos recorded substantial gains within the past seven days as participants appeared unconcerned about macroeconomic challenges, including the Middle East geopolitical tension.

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Bitcoin advances as gold and markets show resilience amid geopolitical unrest

Quick Take The recent conflict in the Middle East has surprisingly not destabilized the financial markets, as one might expect. Instead, data analysis reveals a slight increase across various financial assets.

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Bitcoin: Will rising global tensions affect BTC adversely?

Tensions in the Middle East could fuel more inflation. BTC’s RSI signaled more downside. Bitcoin [BTC] could be on the precipice of another major bearish outcome as yet another black swan The post Bitcoin: Will rising global tensions affect BTC adversely? appeared first on AMBCrypto.

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Here’s How Bitcoin (BTC) Price Could React to the Middle East Crisis

Here's how Bitcoin's (BTC) price could react to geo-political tensions in the Middle East. The post Here’s How Bitcoin (BTC) Price Could React to the Middle East Crisis appeared first on BeInCrypto.

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Bitcoin’s dominance level now above 50% as altcoins underperform

Key takeaways Bitcoin’s market dominance now stands above 50% as Ether and other major altcoins underperform. The broader crypto market is currently bearish due to the geopolitical uncertainty in the Middle East.

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Bitcoin Hovers Over $27.5K, Crypto Bulls Face $100M Liquidations as Altcoins Drop

The ongoing conflict in the Middle East impacted prices of riskier assets, such as bitcoin, on Monday.

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SEC Delays BlackRock, Fidelity, And Other's Spot Bitcoin ETF Applications

The SEC has just delayed these applications for another 45 days, bringing the next deadlines to the middle of October.

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Rise In Bitcoin Outflows Suggests Institutional Investors May Be Losing Faith In The Asset

This year has been marked by significant volatility across the crypto market, including for Bitcoin, which has seen both gains and losses over the course of the year. Just a month ago in the middle of July, Bitcoin crossed over $30,000 and many investors saw this as the start of another bull run.

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UAE Share In Global Mining Activity Grows, Accounts For 3.7% Of Mined Bitcoin

According to the latest report by Hashrate Index, a website for Bitcoin mining data and metrics, the UAE is now becoming a growing destination for Bitcoin miners, especially in the Middle East.   Bitcoin Miners Look For Greener Pastures Bitcoin miners have faced issues in popular Bitcoin mining countries like China and Kazakhstan in recent years.

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UAE emerges as a pro-Bitcoin mining destination in the Middle East

The United Arab Emirates’ combined Bitcoin mining capacity is estimated to be around 400 megawatts or 4% of Bitcon’s global hash rate.

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UAE Gains More Ground In Becoming Middle East Bitcoin Mining Hub

The United Arab Emirates is emerging as a significant Bitcoin mining hub in the Middle East, with its operational mining capacity expected to surpass 600 MW by the end of 2023. The post UAE Gains More Ground In Becoming Middle East Bitcoin Mining Hub appeared first on BeInCrypto.

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Bitcoin Can be the Digital Property for the Middle Class Says Entrepreneur Michael Saylor and Reveleas Reasons For Investing in BTC

One name stands out as a beacon of hope for the middle class: Bitcoin. This perspective is championed by none other than Michael Saylor, the founder of MicroStrategy, who has been vocal about the potential of this digital asset, in the recent interview for YouTube channel Altcoin Daily.

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Crypto Market Forecast: Week of June 19th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, A heavily backed Blackrock bitcoin ETF application creates market optimism, Binance.US finds a middle ground in its ongoing battle against the SEC, and Bitcoin Ordinals are not making the Bitcoin unsustainable to download.

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Bitcoin: Long-term vs short-term holders' tussle heats up; BTC caught in the middle

Bitcoin selling pressure rose as short-term holders saw profits. MVRV ratio indicated that long-term holders may not sell. Over the last month, Bitcoin's [BTC] price fell after reaching theThe post Bitcoin: Long-term vs short-term holders' tussle heats up; BTC caught in the middle appeared first on AMBCrypto.

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Marathon Teams Up With Abu Dhabi's Zero Two for Middle East's First Large-Scale Liquid Cooled Bitcoin Mining

The U.S.-based miner is teaming with Zero Two, a digital assets infrastructure development company focused on supporting the power grid of Abu Dhabi.

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Bitcoin Price Analysis & Prediction (May 3rd) – BTC Loses $28k in the Middle of The Storm, Where is it Heading Next?

In the middle of the storm, Bitcoin dropped below $28k in the past hour, looking for support to hold pressure. It may suffer more losses in the hands of the bears. But if solid support is located, a major recovery will start in no time.

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Bitcoin is in the middle of accumulation, on-chain data shows

In recent developments, multiple indicators by Glassnode suggest that bitcoin (BTC) is currently in an accumulation phase. Several on-chain data points have reached all-time highs (ATH), indicating increased interest and long-term holding among the investors. This metric measures the percentage…

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Bitcoin Bear Market Over? This Historic On-Chain Signal Suggests So

A Bitcoin on-chain pattern that signaled the end of the bear market during the last three instances has formed once again recently. Bitcoin Short-Term Holder Realized Price Is Now Above That Of Long-Term Holders As pointed out by an analyst on Twitter, the asset may be in the middle of a transition from a bull market to a bear market.

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Arthur Hayes bets on Bitcoin, altcoin surge in H1 2023 as he buys BTC

The ex-BitMEX CEO announces a BTC deployment “over the coming days” amid hopes that the good times will last for crypto until the middle of the year.

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The bulls have returned, bitcoin is bouncing back

Bitcoin is in the middle of a massive rally, but will it last?

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How Dozens Of Denver Middle Schoolers Became Bitcoin Entrepreneurs

An entrepreneurship program for middle schoolers in Denver equipped participants with sats and lessons in what makes Bitcoin the future.

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Bitcoin, Ethereum and XRP Price Prediction: In the Middle of a Bullish Breakout

The Bitcoin (BTC) price and the Ethereum (ETH) price have broken out from their respective patterns. The XRP price has yet to do so and is still showing conflicting signs in regard to the direction of its trend.

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Think Before You Sell Your Bitcoin

The entire world is in the midst of financial calamity unlike most alive have ever seen. Is the middle of the bear market the time to sell your bitcoin?

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Bitcoin Futures Now Traded Mostly by Whales, Analyst Says

Bitcoin futures are now being traded mostly by whales, which means that Bitcoin is likely in the middle of another accumulation phase

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21shares launches first spot bitcoin ETP in the Middle East

The new spot bitcoin ETP will list and trade on Nasdaq Dubai, 21Shares said…

The post 21shares launches first spot bitcoin ETP in the Middle East appeared first on CoinJournal.

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21Shares Launches a Physically-Backed Bitcoin ETP on NASDAQ Dubai

21Shares AG, part of the parent company, 21.co, announced its entry into the Middle East to provide investors in the market with access to the rapidly-growing asset class via NASDAQ Dubai. 21Shares Aiming for Global Reach According to an announcement…

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21Shares Launches The Middle East’s First Spot Bitcoin ETP

The spot bitcoin ETP will trade on the Nasdaq Dubai exchange and marks 21Shares' entrance into the growing digital asset economy of Dubai.

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21Shares spot Bitcoin ETP goes live on Nasdaq Dubai

Leading crypto exchange-traded product (ETP) issuer 21Shares has listed the first physically backed-bitcoin ETP on Nasdaq Dubai for the Middle East market. The post 21Shares spot Bitcoin ETP goes live on Nasdaq Dubai appeared first on CryptoSlate.

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Crypto Investment Product Firm 21Shares Launches Bitcoin ETP in Middle East

21Shares’ physical bitcoin exchange-traded product will list on the Nasdaq Dubai.

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Bitcoin Rising In The Gulf: UAE Sees Crypto Market Growing 10-Times This Year

The Bitcoin (and crypto market in general) in the Middle East and North Africa (MENA) region is the fastest growing in the world, according to a report released by data platform Chainalysis. Countries that are part of MENA are Algeria, Bahrain, Egypt, Iran, Iraq, Israel, Jordan, Kuwait and Lebanon.

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MicroStrategy Send Plea to Bitcoin Lightning Engineers to Work on the SaaS Project

A wide range of companies have entered the crypto-verse. While some feel discouraged in the middle, most have increased their involvement. MicroStrategy has become a significant Bitcoin vulnerability due to its former CEO, Michael Saylor. The company was prepared to…

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CoinCorner partners Seed Group to offer Bitcoin trading in UAE

Cryptocurrency exchange platform CoinCorner and Seed Group, a firm owned by the royal family of Sheikh Saeed bin Ahmed Al Maktoum of the United Arab Emirates, are teaming up to offer Bitcoin trading in the UAE, across the Middle East.

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Bitcoin Slumps Below Key Support Level. How Low Can It Get?

Bitcoin have retreated to a crucial area of support that served as the upper limit of the negative movement in late June at the 18,000 range. Bitcoin Breaks Crucial Level After falling below the bear flag at the middle of August, prices were able to fall further on a break of 20,000 before reaching a crucial area of support at around 19,600.

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Interview with Ben Caselin, Head of Research and Strategy at AAX on Bitcoin in Emerging Markets Survey

AAX in association with Forrester Research recently published the findings of a survey conducted in Africa, Latin America, the Middle East and Southeast Asia on Bitcoin adoption. We asked Ben Caselin, the Head of Research and Strategy at AAX few questions regarding the survey outcome and key findings.

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Litecoin (LTC) Performs Better Than Bitcoin In Last 24 Hours – Upward Motion In The Coming Days?

Litecoin (LTC) has been having a rough time pumping its value since 2022’s big market meltdown. The majority of cryptocurrencies likewise was experiencing the same misery. Since last month, however, the (bear) market has shown indications of resurgence (well, depending on which cryptocurrency article you are reading), allowing LTC to reach $63 by the middle of this month.

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Prince Philip of Serbia calms rumors of Arab country Bitcoin adoption

In an interview with Cointelegraph, the hereditary prince nuanced his views on Bitcoin adoption in the Middle East and shed light on Bitcoin in Serbia.

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Fixing Broken Fiat Plumbing — Sharing A House Separated By Cantillon Privilege

A firefighter’s take on today’s precarious economic mechanics and how bitcoin steps in as an empowerment tool for the middle class.

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Bitcoin Downtrend Could Be at Its Climax as It Loses 73% from ATH Reached 227 Days Ago

While end of downtrend might not be as close as we might have wanted, it is still somewhere in middle

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Crypto Market Downtrend Resumes, Here’s What Ethereum Whales Are Buying

The crypto market had been able to pause its downtrend, causing digital assets like Bitcoin and Ethereum to recover once more. However, the recovery will only be short-lived as the price of Ethereum crashed in the middle of Monday.

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Middle East Oil Producers Move Into Bitcoin Mining With Crusoe Energy Stakes

The U.S. startup – which uses flared natural gas to power Bitcoin mining rigs – counts the sovereign wealth funds of Abu Dhabi and Oman as investors.

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US-Based Crusoe Energy To Use Flared Gas In Oman For Bitcoin Mining

US-based firm Crusoe Energy has signed a deal with the Oman Investment Authority (OIA) to use stranded natural gas in the Middle East country to power crypto mining. According to a report by Bloomberg, the deal came after the authority acquired a stake in the US Company as part of an April $350 million in […]

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Oil Companies In The Middle East To Use Excess Gas For Bitcoin Mining: Report

Crusoe, a Denver-based bitcoin mining company, is deploying equipment to capture flared gasses in Muscat, Oman.

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Bitcoin and the Dow meet in middle and close in on $30K

Following the latest stock market plunge Wednesday, with stocks closing down close to 4%, the Dow Jones is trading at 31,500. In what would have seemed improbable not too long ago, the index is now staring down the barrel at the psychologically important 30,000 level.

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The Financial Dark Ages Are Ending Thanks To Bitcoin

Bitcoin represents a financial renaissance, which means society still exists in a monetary Middle Ages dominated by the alchemy of fiat currency.

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