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Top News In செலவிட்டார் ஔட்‌புட் ப்ராஃபிட் ரேஶியோ Today - Breaking & Trending Today

Not Just Elon Musk: 4 Key Factors Driving Bitcoin To The $40,000 Level


Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s tweets and these four key factors.
Muskian Boost: The apex coin received a boost from Musk on Sunday night after he said that Tesla could resume BTC transactions provided there is a reasonable confirmation of clean energy use by miners.
At press time, over 24 hours, BTC traded 11.82% higher at $39,284.41. The cryptocurrency gained 8.71% over a seven-day trailing period. 
See Also:
Taproot Lock-In: The Taproot soft-fork for the apex cryptocurrency has locked in with a threshold for 90% of all blocks signaling support for the upgrade crossed Sunday morning, as per Taproot.Watch. The soft fork is expected to improve both the privacy and fungibility of Bitcoin and is thought to be a significant upgrade. ....

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Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders


Market Analysis
Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial line in the sand , but the rally was short-lived as BTC met selling near the lower arm of the bearish pennant that can be seen on multiple timeframes. 
While many traders are concerned that the 2021 bull market is now over and considering whether gains should be locked in, on-chain data shows that long-term Bitcoin (BTC) holders have been accumulating in preparation for a potential 2013-style double-pump that has the potential to elevate BTC to a fresh all-time high. ....

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Bitcoin's Structure Broken, This Metric Points To Salvation


Bears wreak havoc in the crypto market and major coins bleed out in the lower and higher timeframes. Bitcoin (BTC) is on a downtrend with a 9% correction over the past day and 20.9% in the 7-day chart. With a market cap below $1 trillion for the first since February, the price action seems to favor the pessimists.
BTC with medium losses in the daily chart. Source: BTCUSD Tradingview
However, analyst William Clemente has pointed towards the current funding rate for BTC futures across all exchanges. At the time of writing, this metrics stands at 0.03%. As the chart below shows, every time BTC’s futures funding rate reached these levels, the price was able to gain momentum and run hot towards new highs. The analyst said: ....

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