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Bitcoin's Weak Trading Pattern May Continue for a Month: Market Awaits Fed Rate Cut and Presidential Election Outcome
Bitcoin's Weak Trading Pattern May Continue for a Month: Market Awaits Fed Rate Cut and Presidential Election OutcomeBitcoins weak trading pattern is likely to persist for another month as crypto traders await clarity on the Federal Reserves interest rate cuts and the upcoming presidential election. August was a rough month for crypto, with Bitcoin dropping 10
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Can Bitcoin defy the "September Effect" curse?
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
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Bearish Signals Flash for Binance Coin (BNB), Price Could Dip Below $500
Bearish Signals Flash for Binance Coin (BNB), Price Could Dip Below $500Binance Coin (BNB) has dropped over 10% in the past week, currently trading below its downtrend line from August 23. Technical indicators like the MACD and DMI suggest that BNB could face further short-term declines, as the bearish momentum remains strong
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Dogecoin Price and Lunar Cycles: A Hidden Correlation?
Dogecoin Price and Lunar Cycles: A Hidden Correlation?The price fluctuations of Dogecoin (DOGE) may be more than just market noise. A recent analysis has uncovered a compelling link between Dogecoins behavior and lunar cycles
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Ethereum's "Winter": Can the Flames Reignite Amidst Doubts?
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
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Bitcoin Panic: Will September 5th Bring Another Crash?
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
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The Cryptocurrency Market Plunges, Bitcoin Falls Below $57,000, Can a Fed Rate Cut Save the Day?
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
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Gold Prices Hit All-Time Highs, Central Banks Go on Buying Spree, But Bitcoin Still Leads the Pack
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
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Has Bitcoin's Bottom Accumulation Completed and the Next Bull Run Begun?
Has Bitcoin's Bottom Accumulation Completed and the Next Bull Run Begun?Following the positive news last night, Bitcoin's price directly broke through the small parallel channel, subsequently embarking on a series of hammering actions, leading to significant losses for high-leverage long and short positions. Many retail investors believed this was merely a temporary fluctuation, unaware of the complexity that lay ahead
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Is the Low Bitcoin Hashprice a Sign of an Approaching Bottom?
Is the Low Bitcoin Hashprice a Sign of an Approaching Bottom?CryptoQuant analyst Woominkyu's latest analysis report suggests that a close correlation exists between Bitcoin hashprice and Bitcoin price. The current low hashprice could indicate that Bitcoin is nearing its bottom
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Bitcoin and Ethereum Recent Trend Analysis: Bearish Structure Forms, Key Resistance Levels to Watch
Bitcoin and Ethereum Recent Trend Analysis: Bearish Structure Forms, Key Resistance Levels to WatchYesterday, we mentioned that a bearish structure has formed for Bitcoin, and given the multiple bearish factors, we advised against focusing on the bulls and instead looking for shorting opportunities at resistance levels. Early this morning, the price dropped to the neckline we mentioned, falling nearly 4 points
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Bitcoin and Ethereum ETF Sell-offs: Fidelity Exits 525 BTC, Grayscale ETHE Sells 1646 ETH
Bitcoin and Ethereum ETF Sell-offs: Fidelity Exits 525 BTC, Grayscale ETHE Sells 1646 ETHOn August 30th, 10 Bitcoin spot ETFs sold off 1193 BTC, with Fidelity exiting 525 BTC (approximately $30.5 million)