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Crypto Market Rebounds: Can Bitcoin Hold Above $62,000? Is October's Bull Run Continuing?
Crypto Market Rebounds: Can Bitcoin Hold Above $62,000? Is October's Bull Run Continuing?The cryptocurrency market has seen a rebound since the Federal Reserve (Fed) announced a significant 50-basis-point interest rate cut last month. After a dip triggered by geopolitical instability, Bitcoin surged back above $64,000 on Monday (7), reaching a high of $64,466
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Overnight BTC Stays Above $65k, Eyes $66k, Could Fed Rate Cuts Fuel Another BTC Surge?
Overnight BTC Stays Above $65k, Eyes $66k, Could Fed Rate Cuts Fuel Another BTC Surge?Bitcoin continued to hold above the $65,000 mark overnight, aiming for $66,000. Following recent Fed rate cuts, markets like gold, US equities, and China's A-shares have seen a surge in sentiment, but Bitcoin seems to be lagging behind
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Bitcoin Hovers Above $64,000: Breakout Above August High Could Confirm Bullish Rebound, But Waning Spot Market Demand Hints at Short-Term Consolidation
Bitcoin Hovers Above $64,000: Breakout Above August High Could Confirm Bullish Rebound, But Waning Spot Market Demand Hints at Short-Term ConsolidationBitcoin is currently hovering above $64,000, just a short distance from its August high of $65,200. Bitfinex analysts point out that a break above this level would signify the end of the long-term downtrend since the March high, confirming a broader uptrend from the October low below $30,000
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Bitcoin Breaks Above $64,000 as Global Monetary Easing Expectations Heat Up
Bitcoin Breaks Above $64,000 as Global Monetary Easing Expectations Heat UpTraders on Tuesday boosted the probability of the Federal Reserve cutting interest rates by 50 basis points for the second time in a row to 61%, as China also joined the near-global monetary easing movement currently sweeping major economies. This news pushed the price of Bitcoin to its highest level in over a month during US afternoon trading on Tuesday, breaking above the $65,000 mark for the first time since early August
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Fed Rate Cut Expectations Rise, Bitcoin Rallies Strongly, Can It Hold Above $60,000?
Fed Rate Cut Expectations Rise, Bitcoin Rallies Strongly, Can It Hold Above $60,000?The Federal Reserve is set to announce its latest interest rate policy at around 2:00 AM Beijing time on Thursday (September 19th). All analysts anticipate a rate cut, but opinions diverge on whether the cut will be 25 basis points or 50 basis points
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Bitcoin Back Above $60,000! Can It Break Through $66,000 This Month?
Bitcoin Back Above $60,000! Can It Break Through $66,000 This Month?Bitcoin's price gained 2.20% in the past 24 hours, reaching a high of $59,976
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Bitcoin Rebounds Above $57,000 as Wall Street Rally Lifts Crypto Market
Bitcoin Rebounds Above $57,000 as Wall Street Rally Lifts Crypto MarketBitcoin surged above $57,000 after Wall Street rebounded from its worst week of the year. The flagship cryptocurrency rose 5
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Bitcoin finds support near $52,500, but breakout above $55,500 resistance remains uncertain
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
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Bitcoin's Breakout Above $73,800 Hinges on Bulls Overcoming Sell Pressure
Bitcoin's Breakout Above $73,800 Hinges on Bulls Overcoming Sell PressureWhile Bitcoin traders are optimistic about the price breaking free from its recent slump and surging to the $73,800 local resistance level, the reality is less rosy. Buyers need to show considerable conviction before Bitcoin can successfully break through these areas, which could trigger a significant amount of liquidations
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Bitcoin Recovers Above $60,000, 24-Hour Decline Narrows
Bitcoin Recovers Above $60,000, 24-Hour Decline NarrowsAccording to ForesightNews, Bitcoin's price has climbed back above $60,000, currently trading at $60,081. The 24-hour decline has also narrowed to 4
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Ethereum Stagnant, Whale Dumping Sparks Concerns, Analyst: Remains Defensive Until Above $3050
Ethereum Stagnant, Whale Dumping Sparks Concerns, Analyst: Remains Defensive Until Above $3050Ethereum's price has been consolidating within a narrow range for the past week, with minimal movement, a mere $128 fluctuation. On August 20, ETH price fell by 3
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Bitcoin Holds Firm Above $60,000, Fueling Altcoin Surge
Bitcoin Holds Firm Above $60,000, Fueling Altcoin SurgeBitcoin continues to hold strong above the $60,000 mark, injecting robust momentum into the entire cryptocurrency market. Recent easing of geopolitical tensions and a rebound in financial markets have further solidified Bitcoin's dominant position