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According to the Financial Times, the Swiss stock exchange SIX, the third largest in Europe, is exploring the possibility of launching a new Bitcoin and crypto exchange in the country, aiming to position itself to compete with exchanges like Binance, OKX and Coinbase. 

As BlackRock expands its presence in the cryptocurrency space with the launch of Bitcoin and Ethereum exchange-traded funds (ETFs), the asset manager has released a comprehensive Bitcoin paper that outlines BTC’s importance and its broader impact on the financial landscape.

An analyst has explained how Bitcoin will likely continue the latest bullish swing, at least in the short-term.

Bitcoin price remained supported above the $58,500 level. BTC formed a base and started another increase above the $60,000 resistance zone after the Fed surprised with a 0.50% rate cut.

Bitcoin (BTC) could be gearing up for a new All-Time High (ATH) this year if it breaks through key resistance levels at $60,000.

Bitcoin’s price rose on Wednesday in anticipation of an interest rate cut by the Federal Reserve, while data showing an improvement in capital flows into spot exchange-traded funds also aided sentiment.

Bitcoin has long been characterized by its cycles of bull and bear markets, each marked by the trajectory of its price movements. However, the crypto appears to be in a transitional phase, according to a CryptoQuant analyst under the pseudonym CryptoHell.

As the world’s largest asset manager and issuer of crypto ETFs, BlackRock, solidifies its foothold in the industry, the firm’s Head of Digital Assets, Robbie Mitchnick, recently made interesting statements on key issues regarding BlackRock’s position and vision of the financial landscape. 

BlackRock, the prominent American multinational investment management corporation, has once again emphasized the enduring belief surrounding the Bitcoin potential as a strategic asset.

Bitcoin’s market is experiencing a surge in positive sentiment, with enthusiasm from crypto enthusiasts reaching a new height as the largest digital asset undergoes a brief price recovery, raising the possibilities for more price growth in the short and long term.

Bitcoin continues to show volatility in the market, with bulls slowly gaining momentum, but key resistance levels remain a challenge.

Data shows that the positive sentiment around Bitcoin has spiked on social media after BTC’s return above $58,000, implying investors may feel FOMO.

Although Bitcoin (BTC) on-chain health remains net positive, from a price perspective two crucial support levels must be maintained for a continued bullish uptrend, notes ARK Invest in its latest monthly report.

On-chain data shows the Bitcoin Active Addresses metric has plunged to very low levels recently. Here’s what this could mean for the asset’s price.

Geoff Kendrick, the Head of Crypto Research at Standard Chartered Bank, has put forth bullish predictions regarding the Bitcoin price trajectory in the event of the 2024 US presidential election. 

A report from Glassnode has revealed that the Bitcoin transfer volume has been losing momentum recently, a sign that may not be positive for BTC.

The Bitcoin derivatives market has reached a notable milestone, as the estimated leverage ratio for the asset has surged to its highest level of the year, latest data from CryptoQuant shows.

Bitcoin price started a decent increase after it broke the $56,200 resistance zone. BTC was able to climb above the $57,000 resistance. There was also a break above a short-term declining channel with resistance at $56,650 on the hourly chart of the BTC/USD pair.

Bitcoin’s price fell on Wednesday, tracking a wider decline in risk-driven assets as a heated presidential debate presented the prospect of a hotly contested 2024 presidential election.

Recent market analysis has revealed a significant shift in Bitcoin capital flow from short-term holders (STH) to long-term holders (LTH).