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Bitcoin Rally Cut Short as Profit-Taking Rises, US Demand Falls: CryptoQuant

Bitcoin's recent rally has been halted due to increased profit-taking among investors and a decline in demand from the U.S. market, according to CryptoQuant. After reaching a peak, many traders opted to sell their holdings, leading to a drop in prices. Additionally, on-chain data indicates a significant reduction in buying activity from U.S. investors, contributing to the downturn. Analysts suggest that this shift in market sentiment may continue to impact Bitcoin's performance in the near term.

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Bitcoin firm Nakamoto records net loss in Q1 despite sixfold revenue growth

Nakamoto, a Bitcoin-focused firm, reported a net loss in the first quarter despite experiencing a sixfold increase in revenue. The company's revenue surged due to heightened trading activity and increased demand for Bitcoin-related services. However, rising operational costs and investments in technology contributed to the overall loss. The

NY judge pushes back hearing for Aave’s bid to unfreeze $71M in ETH

A New York judge has postponed a hearing regarding Aave's request to unfreeze $71 million worth of Ethereum (ETH) that is currently held by the bankrupt crypto firm Celsius Network. The hearing, originally scheduled for this week, has been rescheduled for a later date, although the specific timing

Trump’s White House weighs 250 pardons to celebrate America's 250th birthday

The Trump administration is considering granting 250 pardons as part of the celebration for America's 250th birthday. This initiative aims to highlight the power of presidential clemency and could include a diverse range of individuals, from high-profile figures to lesser-known cases. The potential pardons are part of a

Claude helps recover $395,000 in bitcoin trapped on a computer for years

Claude, a cryptocurrency recovery service, successfully retrieved $395,000 worth of bitcoin that had been trapped on a computer for several years. The recovery process involved using specialized tools and techniques to access the digital assets stored on the device. The owner had lost access to their wallet due to

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Bitcoin firm Nakamoto records net loss in Q1 despite sixfold revenue growth

NY judge pushes back hearing for Aave’s bid to unfreeze $71M in ETH

Trump’s White House weighs 250 pardons to celebrate America's 250th birthday

Claude helps recover $395,000 in bitcoin trapped on a computer for years