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Bitcoin Long Liquidation Risk Surges, $62,000 Emerges as Key Resistance
Bitcoin Long Liquidation Risk Surges, $62,000 Emerges as Key ResistanceCurrently, long positions held by mainstream crypto exchanges are significantly higher than short positions on Bitcoin. This means that Bitcoin faces substantial liquidation pressure if the price were to decline
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BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterized
BlackRock: Calling Bitcoin a "risk-on" asset may be mischaracterizedDespite Bitcoin's recent correlation with US stock prices, Robbie Mitchnick, Head of Digital Assets at BlackRock, argues that calling the cryptocurrency a "risk-on" asset might be a misnomer. Stocks, commodities, and high-yield bonds are typically considered risk-on assets because they generally perform well during periods of market optimism and economic expansion
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Bitcoin Bullish Signals Strong, CryptoQuant Analyst Predicts Continued Price Rise
Bitcoin Bullish Signals Strong, CryptoQuant Analyst Predicts Continued Price RiseFollowing last week's announcement by the Federal Reserve (Fed) of a significant 2-point (50 basis points) rate cut, the cryptocurrency market has witnessed a continued rebound. The US Bitcoin Spot ETF has also seen continuous net inflows in recent days
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Ethereum Foundation Boosts Transparency: Spending, Vitaliks ETH Sales, and DeFi Perspective
Ethereum Foundation Boosts Transparency: Spending, Vitaliks ETH Sales, and DeFi PerspectiveRecently, the Ethereum Foundations ETH sales and transparency regarding its funds have garnered significant attention from the crypto community. In response, the Foundation unveiled its official spending breakdown in late August, along with explanations for Vitalik Buterins ETH sales and his view on DeFi
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Crypto Market Sounds the Charge: Rate Cut Expectations, Policy Tailwinds, and a Bottoming Out - Is a New Bull Run on the Horizon?
Crypto Market Sounds the Charge: Rate Cut Expectations, Policy Tailwinds, and a Bottoming Out - Is a New Bull Run on the Horizon?Since the Fed's rate cut last week, the market has for the first time projected a greater than 50% chance of another 50 basis point reduction at the next FOMC meeting on November 7th. This brewing expectation of a 50 bps cut in November has injected a dose of optimism into the crypto market
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Dogecoin (DOGE) poised to break out of a descending wedge pattern, but upside potential remains limited
Dogecoin (DOGE) poised to break out of a descending wedge pattern, but upside potential remains limitedWhile Dogecoin (DOGE) has been fluctuating within a descending wedge pattern in recent days, and might break out soon, market analysis suggests that a significant price surge after the breakout is unlikely.Weak momentum, ADX indicator reveals waning uptrendDogecoin's momentum has clearly weakened, with the Average Directional Index (ADX) indicating a fading uptrend, currently at a very weak level
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Fed Cuts Rates by 50 Basis Points, Crypto Market Rallies in Response
Fed Cuts Rates by 50 Basis Points, Crypto Market Rallies in ResponseOn September 18, Federal Reserve Chair Jerome Powell addressed reporters in Washington. The Fed announced a 50 basis point reduction in its benchmark interest rate range, bringing it to 4
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Bitcoin's 28 Million Times Surge in 10 Years: Will It Keep Rising?
Bitcoin's 28 Million Times Surge in 10 Years: Will It Keep Rising?A decade ago, in 2010, a single Bitcoin was worth $0.0025, less than a dime in Chinese yuan
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Bitcoin 66-Bit Puzzle Solved: Exposing Security Flaws and Highlighting Cryptocurrency Security
Bitcoin 66-Bit Puzzle Solved: Exposing Security Flaws and Highlighting Cryptocurrency SecurityThe recent cracking of the Bitcoin 66-bit puzzle, launched in 2015, has exposed security vulnerabilities in the cryptocurrency space, reminding individuals to strengthen their security measures. Intended as part of a series of cryptographic challenges to showcase the robustness of Bitcoin cryptography, the puzzle inadvertently revealed potential risks, sending a wake-up call to the entire industry
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Bitcoin Rebounds After Briefly Surpassing $64,000, Ethereum Climbs to $2,561, Liquidations Reach $139 Million
Bitcoin Rebounds After Briefly Surpassing $64,000, Ethereum Climbs to $2,561, Liquidations Reach $139 MillionBitcoin briefly broke through $64,000 yesterday before retreating to around $63,000 to test support levels. Ethereum, however, showed strong performance, surging past $2,500 yesterday morning and continuing to rise this morning, currently trading at $2,561
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Bitcoin Consolidates, Ethereum Breaks Out, $139 Million Liquidated in Crypto Market: Altcoin Opportunities Emerge?
Bitcoin Consolidates, Ethereum Breaks Out, $139 Million Liquidated in Crypto Market: Altcoin Opportunities Emerge?Bitcoin traded sideways near $63,000 yesterday (20th) until it briefly broke through $64,000 after the Bank of Japan announced to maintain interest rates unchanged around 11 am. However, selling pressure quickly emerged, pushing the price back down to around $63,000, retesting the $62,964 support level
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Bitcoin Retests Support, Ethereum Continues to Climb, Liquidations Across Exchanges Exceed $140 Million
Bitcoin Retests Support, Ethereum Continues to Climb, Liquidations Across Exchanges Exceed $140 MillionYesterday, Bitcoin briefly surpassed $64,000 before falling back to around $63,000 to test support levels. Meanwhile, Ethereum exhibited strong performance, breaking through $2,500 yesterday morning and continuing its climb this morning, currently trading at $2,561