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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 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

Will Ethereum Replace Bitcoin? 1Confirmation Founder Nick Tomaino Makes a PredictionAccording to Wu Blockchain, Nick Tomaino, founder of 1Confirmation, believes Ethereum (ETH) will eventually surpass Bitcoin (BTC). Tomaino argues that while BTC has a clear narrative as digital gold, attracting institutional investment, Ethereum is the most influential project in the blockchain space over the past five years

Cryptocurrency Investment Firm 1confirmation Bullish on DeFi, NFTs, and Prediction Markets, Anticipating Explosive GrowthCryptocurrency investment firm 1confirmation, in its Q2 2024 LP letter, expressed strong optimism about DeFi, NFTs, and prediction markets, forecasting their explosive growth in the coming years.The letter highlights that DeFi and NFTs will become even more robust, while SocialFi and other novel use cases will emerge through application chains, L2s, and L3s

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

The forecast shows that Bitcoin is attempting to break away from the trading range of the past week, but the longer time frame reveals the potential for Bitcoin price increases.$35000 determines the effectiveness of breaking through the Bitcoin rangeAccording to data from CointelegraphMarketsPro and TradeingView, BTC prices continued to rise until November 2nd

The technological outlook shows that Ethereum (ETH) is about to break through and close above the highly anticipated $2000 resistance level, which has excited investors. As Bitcoin (BTC) regains its resistance/support level of $31000, investors' interest in ETH (the largest counterfeit coin and smart contract platform) is increasing

The rapidly soaring SPX index in the first half of 2023 seems to have outperformed Bitcoin prices.The end of the upward trend in the US dollar index (DXY) may indicate a sustained rise in traditional markets and cryptocurrencies

Cryptocurrency Analyst REktCapital,Following closely are cryptocurrency investors, who expect Bitcoin to emerge. After halving the block rewards in 2024, Tokyo created a new parabolic rebound, approaching its historical peak

On April 3, Whip Bull reported that Coin Security today announced the acquisition of CoinMarketCap (CMC), a Cryptocurrency market data website. After the acquisition, CoinMarketCap will continue to operate as an independent entity

BlackRock is a global giant across many industries. Recently, it submitted an application for spot bitcoin ETF to the U

Bitcoin is attempting to consolidate its reverse head and shoulder form, and success may trigger a "sprint" to $40000.If the long-term chart characteristics remain unchanged, Bitcoin (BTC) may rise by 60%

Edited by: Wang Yuelong, Du YuAccording to a report by Fox Business News on February 24th, cited by CCTV Finance on February 25th, the International Monetary Fund (IMF) has formulated a nine point action plan on how countries should treat cryptocurrency assets. The most important point is to "maintain currency sovereignty and stability by strengthening the monetary policy framework,Do not grant cryptocurrencies such as Bitcoin official or legal tender status