Analysts brace for Bitcoin slide on gloomy US manufacturing data

Analysts brace for Bitcoin slide on gloomy US manufacturing data

The Federal Reserve’s monthly manufacturing survey showed the sharpest decline in activity since 2020. Bitcoin’s spot price could take a hit after the US Federal Reserve reported some of the worst manufacturing data in recent history, according to several cryptocurrency analysts. On April 17, the Philadelphia Federal Reserve Manufacturing Index — a monthly survey of…

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Bitcoin whales absorb 300% of newly mined BTC supply — Is 0K next?

Bitcoin whales absorb 300% of newly mined BTC supply — Is $100K next?

A BTC price technical breakout is underway that could send Bitcoin toward $100,000 by May. Bitcoin’s (BTC) richest traders and investors are increasingly bullish on BTC despite facing downside risks from unfavorable macroeconomic factors, the latest onchain data suggests. Bitcoin whales and sharks are now absorbing BTC at record rates—over 300% of yearly issuance—while exchanges…

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