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Bitcoin finds support near $52,500, but breakout above $55,500 resistance remains uncertainBitcoin price extended its decline after breaking below the $55,500 support area, even dipping below the $53,200 level and testing the $52,500 zone, reaching a low of $52,569. However, the price is currently attempting to rebound and successfully broke through the $53,200 and $54,000 resistance levels as well as the 23

Bitcoin and Ethereum Retest Lows: Is it Time to Buy the Dip?The new week has begun, and on Friday, Bitcoin broke through 55,500, surging to 56,800, bringing us handsome profits. Ethereum also performed exceptionally well, climbing from 2,340 to 2,409, allowing us to successfully close our positions for profits

Bitcoin Under the Shadow of US Recession Fears: Market Volatility Amid Long-Term OptimismRecently, the global financial market has been shrouded in the gloom of a looming US recession. The release of the US PMI index, which has fallen into contraction territory for two consecutive months, coupled with the "Black Thursday" event on August 5th, has fueled panic among investors to sell off risk assets

US Bitcoin ETFs See Largest Single-Day Outflows Since Listing, Investors Exit High-Risk AssetsSeptember 9, 2023 - US Bitcoin ETFs experienced their longest single-day net outflows since their launch earlier this year, a move that reflects broader investor pullback from high-risk assets amid global market challenges. Data compiled by Bloomberg shows that investors pulled nearly $1

Interest Rate Cuts Are Coming! Will Bitcoin Rise? A Historical Look at the FutureInterest rate cuts, the savior of markets during periods of decline, are finally here! Since last year's bear market, investors have been eagerly awaiting this moment. Now, with interest rate cuts looming, everyone from traditional financial institutions to crypto KOLs has differing opinions, leaving us uncertain about how to proceed

Last Week in Crypto: Bitcoin ETFs See Outflow of Over $700 Million, Arthur Hayes Turns Bearish on Bitcoin, Fed Rate Cut Expectations Remain Uncertain After Nonfarm PayrollsLast week, the crypto market experienced significant volatility, with investors keenly focused on factors such as Federal Reserve rate cut expectations, the release of nonfarm payrolls data, and net outflows from Bitcoin ETFs. Here's a quick look at the hottest topics and recommended content from the past week in crypto:Bitcoin ETFs Outflow Exceeds $700 Million, Market Panic SpreadsAccording to FarsideInvestors data, US spot Bitcoin ETFs recorded a cumulative net outflow of $7

Bitcoin Dip in September? "Uptober" is Coming!Despite the cryptocurrency hitting a new low this month, reflecting Wall Streets September Effect, better days are ahead. Historically, September has been a rough month for the U

September 2024: Typhoons, Disasters, War, and Market Fluctuations, the World Moves Forward in TurmoilSeptember 2024 has been a month of turmoil and unrest around the world. From Typhoon "Capricorn" hitting Wenchang, Hainan, to the bizarre incident of a woman in Heilongjiang hiring a friend to boil traditional Chinese medicine, leading to the friend's death from carbon monoxide poisoning, and from the plummeting of Bitcoin and the sharp drop in US stocks to the escalating Russia-Ukraine war, various events have intertwined, making people sigh at the unpredictability of life

Dogecoin Price Fluctuates: Bearish Pressure Battles Potential ReboundDespite some analysts predicting a Dogecoin price surge to $2.25 by 2025, the coin is currently facing bearish pressure

ETH Trading Strategy for September 8th: Technical Indicator Analysis and Trade IdeasAs a vital component of the cryptocurrency market, Ethereum (ETH) experiences significant price fluctuations. This article will analyze technical indicators and market conditions to explore trading strategies for September 8th, helping you plan effectively, mitigate risks, and seize market opportunities

Ethereum Spot ETF Approved: A Historic Moment for the Cryptocurrency Market!In the early hours of May 24, 2024, the U.S

Bitcoin Leads Crypto Market Crash After NFP Data Misses Estimates, Ahead of Fed MeetingOn September 6th at 20:30 EST, the US Department of Labor released the highly anticipated August non-farm payroll report. The data revealed that the US's seasonally adjusted non-farm employment growth was lower than expected, sparking market expectations that the Federal Reserve might continue raising interest rates in the future