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Elon Musk's "DOGE" Response to Trump Cabinet Nomination Sends Dogecoin Price Soaring Nearly 6%

Ethereum: Once a King, Now at a CrossroadsOnce a shining star, Ethereum is now facing numerous challenges. Despite its past glory, many old supporters still harbor dreams about its future, explaining the lingering loyalty some have for it

ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of ReversalAccording to Odaily Planet Daily, on-chain analyst Ali shared Glassnode data on X, revealing that Ethereum's MVRV (Market Value to Realized Value) Momentum indicator remains in a downward trend, with no signs of a reversal yet. This suggests that Ethereum's price may continue to decline

The Cryptocurrency Market Plunges, Bitcoin Falls Below $57,000, Can a Fed Rate Cut Save the Day?The cryptocurrency market has gotten off to a rough start, with the total value plunging nearly $200 billion in the past 24 hours to around $2.03 trillion

Bitcoin's September Fate Uncertain: Bear Market Curse or Bullish Surge?September has historically been a concerning month for Bitcoin investors, as data shows the cryptocurrency often underperforms during this period. However, this year is different, with the market divided on Bitcoin's future prospects, balancing the fear of a potential bear market curse against the allure of a bullish surge

Has Bitcoin's Bottom Accumulation Completed and the Next Bull Run Begun?Following the positive news last night, Bitcoin's price directly broke through the small parallel channel, subsequently embarking on a series of hammering actions, leading to significant losses for high-leverage long and short positions. Many retail investors believed this was merely a temporary fluctuation, unaware of the complexity that lay ahead

The Rise of Crypto Wealth: Surge in Crypto Millionaires in 2024, Investment Migration Programs Emerge as Key DrawThe cryptocurrency market has been struggling to regain its bullish momentum in the past six months, but the persistent question of "when higher" overshadows the remarkable growth already recorded in 2024, as evidenced by Henley&Partners' "2024 Crypto Wealth Report." The report, which includes "exclusive statistics on cryptocurrency and Bitcoin (BTC) millionaires, centi-millionaires, and new world wealth billionaires," found that between July 1, 2023, and June 30, 2024, the number of cryptocurrency millionaires increased by 95%, while the number of Bitcoin millionaires surged by 111% to reach 85,400

Bitcoin: Bottom Accumulation, Awaiting a Rebound, Still Bullish in the Mid-to-Long Term!After the positive news released at 8:30 PM last night, Bitcoin's price directly broke through the small parallel channel and then repeatedly pierced through, resulting in many high-leverage long and short positions being stopped out. Retail investors thought that the fluctuations were over, but that wasn't the case

Bitcoin and Ethereum Recent Trend Analysis: Bearish Structure Forms, Key Resistance Levels to WatchYesterday, we mentioned that a bearish structure has formed for Bitcoin, and given the multiple bearish factors, we advised against focusing on the bulls and instead looking for shorting opportunities at resistance levels. Early this morning, the price dropped to the neckline we mentioned, falling nearly 4 points

Ethereum Price Dips, Experts Predict Rebound Later This Week or NextAmidst continued depreciation of Ethereum's price, prominent cryptocurrency analyst Michael van de Poppe highlighted the asset's current weakness and indicated a potential rebound timeframe in an early morning X platform post. Poppe's comments come as Ethereum, the second-largest cryptocurrency by market capitalization, has been under significant downward pressure, echoing its rival Bitcoin

Ethereum Foundation Needs to Reposition, DCinvestor Calls for Focus on Programmable Money and Censorship ResistanceDCinvestor, a management consultant and Ethereum investor, recently took to Twitter to call for a repositioning of the Ethereum Foundation (EF). He argues that the EF should publicly emphasize ETH as a programmable money, with censorship resistance as the core value proposition of the technology

$65,000 Ceiling, Bitcoin Bull Dreams Shattered: $50,000, New Beginning or Abyss?The digital gold's shine seems to have dimmed before the $65,000 ceiling. Bitcoin's recent price weakness has been on the minds of every investor, with bulls' attempts to break through the $65,000 mark failing, leaving the market with an uneasy air