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Bitcoin and gold surge on safe-haven demand: Stock market volatility and rate cut expectations spark market risk aversion
Bitcoin and gold surge on safe-haven demand: Stock market volatility and rate cut expectations spark market risk aversionBitcoin (BTC) and gold prices saw an upward trend in early trading on Wednesday, fueled by recent stock market volatility, uncertainty over the rate cut outlook, and ongoing geopolitical tensions. Traders opted for safe-haven strategies to safeguard their assets, leading to increased demand for haven assets
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Bitcoin Surges Past $68,000, Bulls Remain Strong, Ethereum Poised for Breakout: In-depth Market Analysis and Investment Strategy
Bitcoin Surges Past $68,000, Bulls Remain Strong, Ethereum Poised for Breakout: In-depth Market Analysis and Investment StrategySince entering October, the global economic landscape continues to be complex and volatile. However, the Federal Reserve maintained interest rates unchanged, hinting at potentially easing monetary policy in the future
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Is Bitcoin Back in a Bull Market? Multiple Factors Drive Price Above $67,000
Is Bitcoin Back in a Bull Market? Multiple Factors Drive Price Above $67,000Bitcoin's price surged past $67,000 per coin on the evening of October 15th, Beijing time, marking its highest point since July 30th. As of October 16th, 7:47 PM, the price has reached $68,400 per coin, reflecting a 4
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Cryptocurrency Market Analysis: BTC Breaks Out of Triangle Consolidation, Major Altcoins Move Defense Positions Up
Cryptocurrency Market Analysis: BTC Breaks Out of Triangle Consolidation, Major Altcoins Move Defense Positions UpBitcoin (BTC)In the article published on the 15th, we noted that Bitcoin was inside a triangle convergence zone. To continue its upward trend, it had to break through the upper resistance level of the triangle at $67,200
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Cryptocurrency stocks surge pre-market, Bitcoin breaks $68,000
Cryptocurrency stocks surge pre-market, Bitcoin breaks $68,000October 16, pre-market gains in US-listed cryptocurrency stocks expanded. CleanSpark rose nearly 5%, MARA climbed over 4%, MicroStrategy and Coinbase gained over 3%
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Bitcoin Rebounds Strongly After Consolidation: Institutional Investment and Elections Fuel Market Optimism?
Bitcoin Rebounds Strongly After Consolidation: Institutional Investment and Elections Fuel Market Optimism?Yesterday (October 10th), Bitcoin's price retreated to the $60,000 level, entering a narrow range of consolidation. However, it continued to fluctuate downwards overnight, reaching a low of $58,900, its lowest point since September 17th
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Bitcoin Market Shakes: Bounce After $58,900 Low, What's Ahead?
Bitcoin Market Shakes: Bounce After $58,900 Low, What's Ahead?Just today, October 11, 2024, the Bitcoin market witnessed significant volatility, with the price dipping to a low of $58,900 before quickly rebounding to $60,634. This move not only reflects the ever-changing market sentiment but also reveals how investors react differently to macroeconomic uncertainty and technical signals
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Fed Minutes Spark Market Volatility, Bitcoin and Gold Dip While Stocks Rise
Fed Minutes Spark Market Volatility, Bitcoin and Gold Dip While Stocks RiseOn Wednesday, October 10th, the stock market exhibited strong performance, while Bitcoin (BTC) and gold, assets commonly considered "safe havens," experienced declines. This phenomenon was attributed to the release of the Federal Reserve's September meeting minutes, which revealed internal discrepancies in the central bank's stance on the magnitude of upcoming interest rate cuts
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Bitcoin Plunges Below $59,000, Inflation Concerns and Regulatory Pressure Weigh on Crypto Market
Bitcoin Plunges Below $59,000, Inflation Concerns and Regulatory Pressure Weigh on Crypto MarketBitcoin suffered a significant setback on Thursday, plummeting over 4% to break below the $59,000 mark. This drop marked a new low since the Federal Reserve's unexpected 50 basis point rate cut in mid-September
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Bitcoin Rebounds Strongly: Market Sentiment Improves, What's the Outlook?
Bitcoin Rebounds Strongly: Market Sentiment Improves, What's the Outlook?After a series of sharp declines, the virtual currency market has finally seen a long-awaited rebound. At 2:23 PM Beijing time on October 10th, Bitcoin successfully broke through the $61,000 mark, with the latest price reported at $61,015
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Cryptocurrency Market Surges Again, Bitcoin Breaks $61,000
Cryptocurrency Market Surges Again, Bitcoin Breaks $61,000Following a series of sharp declines, the cryptocurrency market is witnessing a rebound. As of 2:23 PM Beijing time on October 10, Bitcoin has surged past $61,000, reaching $61,015
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Bitcoin Drops Below $60,000, Market Dips What's Next?
Bitcoin Drops Below $60,000, Market Dips What's Next?Yesterday, Bitcoin prices fell again, breaking below the $60,000 mark and reaching a low of $60,301, with a fluctuation of 2,242 points. Ethereum also experienced a decline, reaching a low of around $2,350