Marketwire
Clear, fast financial news and market insight
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Recent analysis has highlighted a significant factor contributing to the stagnation of Bitcoin’s price, particularly in the context of the growing interest from traditional investors. According to industry experts, the practice of selling covered calls by long-time Bitcoin holders, often referred to as ‘BTC OGs’, is playing a pivotal role in suppressing the cryptocurrency’s market
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As Bitcoin’s price hovers around the $87,000 mark, market analysts are divided on whether this surge represents a genuine buying opportunity or merely a temporary rebound before another downturn. The cryptocurrency, which has seen significant volatility over the past few months, is now attracting renewed interest from both retail and institutional investors. Proponents of the