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Ethereum Faces Selling Pressure as 19 Million ETH Flow into Exchanges, Price Could Drop to $2,111The amount of Ethereum (ETH) flowing into exchanges has been steadily increasing since August 31, indicating that holders are increasingly sending their tokens to exchanges for sale. Data from CryptoQuant shows that exchange wallets currently hold 19 million ETH, worth $47 billion, representing a 1

BTC Breaks Through Double Resistance in the Short Term, ETH Retraces After Touching Bollinger Band ResistanceYesterday, BTC hit a low of 57093 and a high of 59412, with a fluctuation range of 2319 and a volatility of 4.0%

Bitcoin Reclaims $59,000 Mark, What's Next for the Short-Term Trend?Bitcoin surged to near $59,500 early this morning, with Ethereum also returning to the $2,500 level. Where are the support and resistance levels for BTC in the short term?It's worth noting that the US market was closed yesterday for Labor Day, and significant volatility is expected when it reopens tonight

Can Bitcoin defy the "September Effect" curse?As the world's largest cryptocurrency by market capitalization, Bitcoin is facing a critical test this September. Historical data suggests that September has not been a kind month for Bitcoin, with the "September Effect" - a phenomenon of negative returns frequently occurring in this month, raising concerns about whether this year will see a repeat

Ethereum Spot ETFs: Outflows on the Surface, Undercurrents Running DeepDespite massive outflows from Grayscales Ethereum Trust (ETHE), BlackRocks ETHA and other Ethereum funds have attracted billions of dollars in inflows. While this may appear to signal a loss of momentum for spot Ethereum ETFs, the reality is far more complex

Ethereum's "Winter": Can the Flames Reignite Amidst Doubts?Ethereum has recently become a focal point of various discussions and controversies, prompting even its founder, Vitalik Buterin, to publicly address concerns and the Ethereum Foundation to issue statements in response to community anxieties. This isn't baseless; Ethereum's underperformance during the current bull market has raised doubts about its position as the "King of Blockchain

Ethereum: Once a King, Now at a CrossroadsOnce a shining star, Ethereum is now facing numerous challenges. Despite its past glory, many old supporters still harbor dreams about its future, explaining the lingering loyalty some have for it

Bitcoin Panic: Will September 5th Bring Another Crash?Bitcoin plunged 8.6% in August, making it the second worst monthly closing of 2024, only behind April's 14

The Cryptocurrency Market Plunges, Bitcoin Falls Below $57,000, Can a Fed Rate Cut Save the Day?The cryptocurrency market has gotten off to a rough start, with the total value plunging nearly $200 billion in the past 24 hours to around $2.03 trillion

Bitcoin Drops Below $65,000, Fear Grips the Market: Is it Time to Buy the Dip?Although the overall crypto market has been relatively subdued since the start of this bull run, except for Bitcoin and a few mainstream tokens, optimism in the market is rising with the Federal Reserve expected to enter a rate-cutting cycle. This has fueled anticipation of an upcoming bull run

September: A ray of hope, or a plunge into the abyss?The wild swings of August have finally come to an end, and for cryptocurrency investors, it's been a grueling month. Following the correction in early August, the market has been in constant flux, leaving investors exhausted

Gold Prices Hit All-Time Highs, Central Banks Go on Buying Spree, But Bitcoin Still Leads the PackDuring the first half of 2024, global central bank gold purchases reached a record high of 483 tons, driving gold prices to unprecedented levels. This staggering figure represents a 5% increase from the previous record of 460 tons set in the first half of 2023, with central bank gold purchases in the second quarter alone surging 6% year-on-year to 183 tons