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TON Event Shakes the Market, Bitcoin Consolidates, Outlook for the New WeekYesterday, the biggest event in the crypto world was the arrest of TELEGRAM's founder, causing a significant drop in both the TVL (Total Value Locked) and price of TON-related ecosystems. Until official clarification is provided, this fear sentiment will not dissipate in the short term

Bitcoin 5-Day Moving Average Analysis: Consolidation, Bullish Trend RemainsSince the decline on August 5th, Bitcoin has surged by 30%, pushing prices back above $60,000. Despite recent market volatility, the long-term bullish trend for Bitcoin remains intact

Interest Rate Cuts Are a Done Deal, Crypto Market Poised for a Bull Run, Will Institutional Accumulation Spark a New Bull Market?Interest rate cuts are basically a done deal. While this is long-term bullish, it's not a short-term catalyst for immediate price surges

Bitcoin Nearing $66,000? On-Chain Data and Technical Indicators Hint at Bullish SignalsBitcoin's price could soon break through the $66,000 mark, fueled by robust on-chain metrics and a bullish technical pattern. The 14-Day Market Realized Gradient and the NVT Golden Cross metric both show positive signals, suggesting a potential upward trend

Will Bitcoin End Its Price Slump Before September? Five Key Things to Watch This WeekBitcoin is poised for a critical monthly candle close this week, with BTC price action battling back against sellers in a bid to reverse the August 8th crash. As the end of August approaches, Bitcoin has embarked on a resurgence, with BTC price targets set at $65,000

The Interest Rate Cut Trigger: A New Era for Bitcoin Bulls?Markets abhor uncertainty, which could be the reason behind Bitcoin's sideways trading since March. Despite positive factors like record ETF inflows, rapid institutional adoption, post-halving effects, and an increasingly heated political and regulatory landscape, the price has remained stagnant

Will Ethereum Replace Bitcoin? 1Confirmation Founder Nick Tomaino Makes a PredictionAccording to Wu Blockchain, Nick Tomaino, founder of 1Confirmation, believes Ethereum (ETH) will eventually surpass Bitcoin (BTC). Tomaino argues that while BTC has a clear narrative as digital gold, attracting institutional investment, Ethereum is the most influential project in the blockchain space over the past five years

The Fed Hints at Rate Cuts, Bitcoin Surges to $62,000, but Future Trajectory Remains UncertainA potential rate cut hinted at by Federal Reserve Chair Jerome Powell on Friday sent Bitcoin prices soaring past $62,000. However, the short-lived price surge also triggered a liquidation of over $21 million in short positions within an hour, coupled with some long liquidations

Bitcoin Breaks $62,000 After Fed Chair Hints at Continued Rate Cuts

Cryptocurrency Investment Firm 1confirmation Bullish on DeFi, NFTs, and Prediction Markets, Anticipating Explosive GrowthCryptocurrency investment firm 1confirmation, in its Q2 2024 LP letter, expressed strong optimism about DeFi, NFTs, and prediction markets, forecasting their explosive growth in the coming years.The letter highlights that DeFi and NFTs will become even more robust, while SocialFi and other novel use cases will emerge through application chains, L2s, and L3s

Bitcoin Pullback Remains Within Expectations, Ethereum Consolidates for BreakoutBitcoin is currently undergoing a minor pullback. The supply has not significantly increased from its surge to the previous high, indicating a normal adjustment after a failed attempt to break through resistance

Ethereum Poised to Break Out of Consolidation, Price Could Rise Back to $3,000In short, Ethereum's price could rise back to $3,000 if the asset successfully breaks out of its current consolidation range. The recent crisis led to realized losses that were close to annual highs, but these have now declined significantly