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Bitcoin Demand Metrics Show Weakness, Reveals CryptoQuant
bitcoin holders are increasingly diversifying their portfolios, seeking high-potential returns from 99Bitcoins ($99BTC). bitcoin demand has slowed since early April and dipped into negative territory this month, according to South Korean data firm CryptoQuant. On Wednesday, bitcoin is trading at the $60,700 mark and has failed to hit $70,000. Growth in the total holdings of…
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Is the U.S. Job Report a Bitcoin Pitfall? Goldman Predicts Deceptive Weakness
In the evolving landscape of economic indicators and their impacts on market dynamics, the attention of professionals and analysts is gearing towards the upcoming release by the Bureau of Labor Statistics. This release concerns the preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls, spanning from April 2023 to March 2024.…