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Bitcoin Price Volatility to Trigger Massive Liquidations: $55,000 is the Key LevelAccording to ChainCatcher, if Bitcoin drops below $55,000, the cumulative liquidation intensity of long positions across major CEXs will reach $746 million. Conversely, if Bitcoin breaks above $58,000, the cumulative liquidation intensity of short positions across major CEXs will reach $900 million

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 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

Major Crypto Market Analysis: Wait and See, Patience is KeyBTC, as mentioned in the previous article, encountered resistance at $65,000 and retreated to near the lower boundary of the rising channel on the right. If it continues to fall and breaks below $62,000, there is a risk of a breakdown

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

Bitcoin Bulls Gearing Up, $63,000 Key ResistanceTwo weeks ago, Bitcoin prices plunged to $49,000, dealing a heavy blow to miners. Profits dwindled significantly, forcing many miners to exit the market, particularly smaller ones who found it difficult to keep up

Dogecoin [DOGE] Large-Transaction Volume Surges 35%, Key Levels to Determine Future DirectionDogecoin [DOGE] has recently witnessed a 35% surge in large-transaction volume, stirring the cryptocurrency market. This trend is being interpreted as a sign of potential price volatility

Currently, the dogecoin (DOGE) faces a critical juncture with market sentiment and key support trendsAfter experiencing some fluctuations for a period of time, DOGE seems to be at a critical juncture, especially in the context of a bearish signal displayed on the weekly chart. Recent analysis from a post on X platform indicates that DOGE has fallen back to the previous reversal resistance area below, implying potential further downward pressure

Morgan Stanley Enters Bitcoin Spot ETF, Ethereum Rebound, XRP Holds Key SupportMorgan Stanley Advisors will begin offering a Bitcoin spot exchange-traded fund (ETF) to its clients starting Wednesday, August 7, a move that has sparked significant market interest. Meanwhile, Bitcoin has broken through the $57,000 mark, Ethereum is poised to return to $3,000, and XRP is holding strong above $0

Bitcoin Breaks $61,000, CPI Data to be Key, What's Next for the Market?The data is set to be released, and Ethereum prices have crossed the $2,700 mark among altcoins. Other top 10 altcoins are fluctuating within their initial price ranges

The recent performance of DOGE coins has been strong and broken through key resistance levelsRecently, the DOGE has shown strong performance and is expected to further rise. It is expected to break through key resistance levels

Crypto Market Volatility: Key Events This Week, from Ethereum ETFs to CPI DataThis week, the cryptocurrency market will be buzzing with a series of significant events that could greatly influence market movements. Investors and crypto enthusiasts need to pay close attention and adjust their strategies accordingly