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Scott and Hill want the briefing to cover the information accessed by the hackers, specific details on how it occurred and steps the Treasury has taken to ensure that similar incidents don’t happen in the future, adding:
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Since then, Copper has been shifting its focus overseas, prioritizing regulatory approvals and licenses in Switzerland, Hong Kong and Abu Dhabi.
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The business intelligence firm, which has transformed into a de facto Bitcoin bank, has seen its market capitalization surge in recent years, placing it within striking distance of the coveted Nasdaq index listing.
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“If corrections happen, and they will, and a flash crash is likely to happen, inducing a massive liquidation crash across Altcoins,” MN Capital founder and crypto analyst Michael van de Poppe said in a Nov. 3 X post.
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A crypto analyst warned there was a high likelihood of a “flash crash” after the broader crypto market clocked significant gains over the past month.
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This surge in retail interest may partly explain the strong ongoing demand, even as long-term holders begin to take profits,” contributor Darkfost reasoned in one of CryptoQuant’s Quicktake blog posts.
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Data from onchain analytics platform CryptoQuant shows the 30-day change in buyer volume among smaller investors passing 30%.
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As Bitcoin investors take profits en masse over the past month, retail interest is “surging,” new research concludes.
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“50% of the wick in the 1W chart has been filled,” he noted in part of his latest X post.
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Fellow trader CrypNuevo warned that a downside wick on weekly timeframes may yet see a more substantial retest, giving a potential target of $90,000 or lower.
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Bitcoin continues to retest the series of Lower Highs as support. Producing longer and longer downside wicks. Grabbing liquidity at lower and lower prices without losing the trendline,” he told X followers.
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Examining daily timeframes, popular trader and analyst Rekt Capital was nonetheless hopeful.
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Skew added that reclaiming the weekly open at around $97,270 would be “very key for higher.”
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While some might attribute the failure to surpass the $100,000 level to miner selling, this explanation appears insufficient. Notably, MicroStrategy announced a $5.4 billion Bitcoin acquisition on Nov. 25, demonstrating robust institutional demand.
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Recent data reveals that miners have been reducing their Bitcoin positions at a rate of approximately 2,500 BTC per day, equivalent to $231 million. In contrast, US Bitcoin spot exchange-traded funds (ETFs) recorded an average daily inflow of $670 million between Nov. 18 and Nov. 22.
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