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Dogecoin (DOGE) poised to break out of a descending wedge pattern, but upside potential remains limited
Dogecoin (DOGE) poised to break out of a descending wedge pattern, but upside potential remains limitedWhile Dogecoin (DOGE) has been fluctuating within a descending wedge pattern in recent days, and might break out soon, market analysis suggests that a significant price surge after the breakout is unlikely.Weak momentum, ADX indicator reveals waning uptrendDogecoin's momentum has clearly weakened, with the Average Directional Index (ADX) indicating a fading uptrend, currently at a very weak level
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Fed Cuts Rates by 50 Basis Points, Crypto Market Rallies in Response
Fed Cuts Rates by 50 Basis Points, Crypto Market Rallies in ResponseOn September 18, Federal Reserve Chair Jerome Powell addressed reporters in Washington. The Fed announced a 50 basis point reduction in its benchmark interest rate range, bringing it to 4
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Bitcoin's 28 Million Times Surge in 10 Years: Will It Keep Rising?
Bitcoin's 28 Million Times Surge in 10 Years: Will It Keep Rising?A decade ago, in 2010, a single Bitcoin was worth $0.0025, less than a dime in Chinese yuan
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Bitcoin 66-Bit Puzzle Solved: Exposing Security Flaws and Highlighting Cryptocurrency Security
Bitcoin 66-Bit Puzzle Solved: Exposing Security Flaws and Highlighting Cryptocurrency SecurityThe recent cracking of the Bitcoin 66-bit puzzle, launched in 2015, has exposed security vulnerabilities in the cryptocurrency space, reminding individuals to strengthen their security measures. Intended as part of a series of cryptographic challenges to showcase the robustness of Bitcoin cryptography, the puzzle inadvertently revealed potential risks, sending a wake-up call to the entire industry
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Bitcoin Rebounds After Briefly Surpassing $64,000, Ethereum Climbs to $2,561, Liquidations Reach $139 Million
Bitcoin Rebounds After Briefly Surpassing $64,000, Ethereum Climbs to $2,561, Liquidations Reach $139 MillionBitcoin briefly broke through $64,000 yesterday before retreating to around $63,000 to test support levels. Ethereum, however, showed strong performance, surging past $2,500 yesterday morning and continuing to rise this morning, currently trading at $2,561
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Bitcoin Consolidates, Ethereum Breaks Out, $139 Million Liquidated in Crypto Market: Altcoin Opportunities Emerge?
Bitcoin Consolidates, Ethereum Breaks Out, $139 Million Liquidated in Crypto Market: Altcoin Opportunities Emerge?Bitcoin traded sideways near $63,000 yesterday (20th) until it briefly broke through $64,000 after the Bank of Japan announced to maintain interest rates unchanged around 11 am. However, selling pressure quickly emerged, pushing the price back down to around $63,000, retesting the $62,964 support level
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Bitcoin Retests Support, Ethereum Continues to Climb, Liquidations Across Exchanges Exceed $140 Million
Bitcoin Retests Support, Ethereum Continues to Climb, Liquidations Across Exchanges Exceed $140 MillionYesterday, Bitcoin briefly surpassed $64,000 before falling back to around $63,000 to test support levels. Meanwhile, Ethereum exhibited strong performance, breaking through $2,500 yesterday morning and continuing its climb this morning, currently trading at $2,561
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SEC Approves Nasdaq Listing of Options Contracts on iShares Bitcoin Trust ETF
SEC Approves Nasdaq Listing of Options Contracts on iShares Bitcoin Trust ETF The Securities and Exchange Commission (SEC) on Friday approved Nasdaq Inc.'s application to list options contracts related to the iShares Bitcoin Trust ETF
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Bitcoin Rollercoaster: What Secrets Lie Behind the Heart-Pounding Action?
Bitcoin Rollercoaster: What Secrets Lie Behind the Heart-Pounding Action?"If your wallet gets tight, Bitcoin will give you a heart attack!" This common saying has become a stark reality for many investors. One day you're happily watching your account balance rise, the next you're jolted awake in the middle of the night by a sudden "bungee jump
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Can Dogecoin Still Be the Code to Millionaires?
Can Dogecoin Still Be the Code to Millionaires?Dogecoin (DOGE), one of the earliest cryptocurrencies in the market, has successfully created several millionaires despite never reaching $1. The asset has even surged over 100,000% from its all-time low of $0
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Wall Street Bigwigs Predict Bitcoin to Hit $100,000, Fueled by Fed Rate Cuts and a Bullish Crypto Climate
Wall Street Bigwigs Predict Bitcoin to Hit $100,000, Fueled by Fed Rate Cuts and a Bullish Crypto ClimateAnthony Scaramucci, a well-known Wall Street hedge fund manager, recently predicted that Bitcoin could reach a staggering new all-time high of $100,000 by the end of this year. This prediction is based on the anticipated Federal Reserve rate cut cycle and the increasing likelihood of favorable crypto regulations from the US government, particularly after the November US presidential election
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Bitcoin and US stocks climb as expectations for Fed rate cut heat up
Bitcoin and US stocks climb as expectations for Fed rate cut heat upBitcoin (BTC) and US stocks were trending higher in early trading on Tuesday as Wall Street's expectations for a 50-basis-point rate cut from the Federal Reserve now stand at 63%. The size of the rate cut has been the focus of intense debate over the past week, as data has been mixed but has shown a clear indication that inflation continues to moderate toward the Fed's 2% target, while US consumers are showing resilience despite higher living costs