Bitcoin correction is tied to profit-taking by long-term holders, says Bitfinex analysts
The current healthy correction is not enough to stop Bitcoin from reaching $80,000 this year, says YouHodler's chief of markets.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Crypto BriefingRelated market context
Some Bitcoin holders tax bill is now set when they leave the country instead of when they sell
In Canada, Australia, and a handful of other countries, leaving now triggers a tax bill on Bitcoin gains that have never been sold...
US bank lobby wants stablecoin holders to open an account before cashing out
The American Bankers Association is pressing US regulators to require anyone who buys or redeems a payment stablecoin directly wit...
Is Bitcoin Out of Its Bear Market? These Analysts Think So
Bitcoin Magazine Is Bitcoin Out of Its Bear Market? These Analysts Think So Bitcoin is out of its bear market. But expect a possib...
Strive bought 1,110 Bitcoin, but shareholders gained less than 2% real BTC yield
Bitcoin treasury company Strive added 1,110 Bitcoin in a week, but the benefit to common shareholders was much smaller than the he...
Bitcoin (BTC) Price Prediction: $80K Breakout Sets Sights on New Upside Targets as Bullish Wave 3 Emerges
The move has placed the Bitcoin price back at a key technical level, while renewed spot demand and stronger exchange-traded fund (...
MSTR holders just funded a $1.59 billion cash pile that may never become Bitcoin
Strategy, the Bitcoin treasury company formerly known as MicroStrategy, raised $2.0065 billion by selling common shares from Aug....