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Trump's Words Spark Another Financial Storm: Gold and Bitcoin Plunge, What Lies Ahead for the Market?
Trump's Words Spark Another Financial Storm: Gold and Bitcoin Plunge, What Lies Ahead for the Market?As global markets seemed to be stabilizing, Trump's "golden words" once again ignited the financial world. His comments not only caused a sharp drop in gold prices but also pushed Bitcoin to the brink of breaking the $63,000 mark, sending the market into a state of panic
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Bitcoin Stumbles at $64,000: Macroeconomic and Geopolitical Headwinds Prevail
Bitcoin Stumbles at $64,000: Macroeconomic and Geopolitical Headwinds PrevailAfter nearing $64,000, Bitcoin appears to have encountered a temporary resistance. The cryptocurrency fell back above $62,000 in early trading today (August 8th), and currently, it has slightly recovered to $62,400
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Crypto Market Volatility: BTC Falls Below 62,600, ETH Weakly Recedes, Altcoins Follow the Trend
Crypto Market Volatility: BTC Falls Below 62,600, ETH Weakly Recedes, Altcoins Follow the TrendOn Monday, BTC exhibited a rollercoaster ride, reaching a high of 64,478 and falling back to 62,128, with a fluctuation range of 2,350 points. Meanwhile, ETH showed relative weakness, with two days of rebound only offsetting one day of decline, and the previous six-day decline took four days to bounce back by about half
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Capital Flight Triggered by China's Economic Stimulus: Will Bitcoin Be Abandoned?
Capital Flight Triggered by China's Economic Stimulus: Will Bitcoin Be Abandoned?China's recent economic stimulus package, designed to revitalize its sluggish economy, has unexpectedly triggered a capital shift from the cryptocurrency market, particularly Bitcoin, to the Chinese stock market. The Shanghai Composite Index and the Hang Seng China Enterprises Index have surged on the back of the stimulus, while Bitcoin prices have seen a notable decline
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Bitcoin Rallies to $64,000 as Investors Await Fed Rate Decision
Bitcoin Rallies to $64,000 as Investors Await Fed Rate DecisionBitcoin (BTC) and the broader cryptocurrency market showed a bullish trend in early trading on Monday, while stocks and gold traded in the red, as traders reassessed their expectations for a November rate cut. The move reflects the market's sensitivity to the Federal Reserve's policy stance and the future direction of the economy
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The United States Pushes for a Bitcoin Strategic Reserve Act: Establishing a National Bitcoin Reserve to Enhance Financial Security and Leadership
The United States Pushes for a Bitcoin Strategic Reserve Act: Establishing a National Bitcoin Reserve to Enhance Financial Security and LeadershipAs global nations increasingly recognize the importance of digital assets, the United States is actively exploring ways to maintain its leadership position in this field. In this context, Senator Cynthia Lummis introduced the "BITCOIN Act of 2024" on July 31st
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From "Scam" to Fortune: Li Xiaolai's Bitcoin Rollercoaster and Reflections
From "Scam" to Fortune: Li Xiaolai's Bitcoin Rollercoaster and ReflectionsIn a rapidly changing era, the virtual currency craze has swept across the globe, leaving people both excited and apprehensive. Bitcoin, as a leader in this field, has attracted countless eyes with its unique attributes and potential investment returns
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Bitcoin or Gold? Bitwise CIO Reveals Portfolio Secrets
Bitcoin or Gold? Bitwise CIO Reveals Portfolio SecretsMatt Hougan, CIO of crypto asset management firm Bitwise, recently published a compelling study on the platform X, comparing the effects of adding Bitcoin and gold to a traditional portfolio since 2014. The study found that Bitcoin can significantly boost returns, while gold can indeed reduce investment risk
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Nasdaq Rallies as Bitcoin Plunge Triggers Market Contagion: Global Markets See Increased Volatility
Nasdaq Rallies as Bitcoin Plunge Triggers Market Contagion: Global Markets See Increased VolatilityAs the evening unfolded, a dramatic shift in sentiment played out in the US stock market. After all three major indices declined during the day, the Nasdaq unexpectedly staged a comeback, with Nvidia leading the charge with a more than 3% gain
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Bitcoin Plunges, 93,000 Liquidated: Crypto Market in Turmoil, How Should Investors React?
Bitcoin Plunges, 93,000 Liquidated: Crypto Market in Turmoil, How Should Investors React?On October 3, 2024, the cryptocurrency market experienced a tumultuous storm. Bitcoin prices plummeted dramatically, leading to the liquidation of over 93,000 accounts
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Bitcoin Crash Fuels Capital Inflow into A-shares, Hong Kong and US-listed Chinese Stocks Surge, Market Momentum is Strong!
Bitcoin Crash Fuels Capital Inflow into A-shares, Hong Kong and US-listed Chinese Stocks Surge, Market Momentum is Strong!Bitcoin has been sluggish recently, falling consecutively, ending its September rebound and dampening investor optimism about entering the best return month in cryptocurrency history. After a plunge on October 1st that triggered a liquidation of 150,000 users' positions, another crash took place yesterday, leading to another 93,000 liquidations in the virtual currency market
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Nasdaq Recovers, Bitcoin Plunges, Hong Kong Stocks Decline: Market Volatility Amidst Institutional Optimism for Chinese Assets
Nasdaq Recovers, Bitcoin Plunges, Hong Kong Stocks Decline: Market Volatility Amidst Institutional Optimism for Chinese AssetsFollowing declines across the three major U.S