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Bitcoin Market Storm: Five Observations Amid Extreme FearAugust has been a tumultuous month for Bitcoin, with the digital currency navigating choppy waters akin to a ship in a storm. Opening the week below $60,000, though witnessing a brief rebound, the price trajectory remains uncertain, with bulls and bears locked in a fierce battle, leaving the market landscape shrouded in ambiguity

Cryptocurrency Market Weekly Review: BTC Hits New High, ETH Struggles to Rebound, SOL Faces Pressure, TON Remains in Observation, BNB Weakly ReboundsBTC Hits All-Time High: After failing to break through $60,000 twice on July 10th and 11th, Bitcoin price experienced a slight pullback on Friday, but quickly rebounded. After the German government emptied 3,000 BTC addresses, BTC broke through the upper channel of the short-term downtrend and returned to the $60,000 mark

The Federal Reserve's interest rate increase slowed down, and Bitcoin, the world's largest Cryptocurrency, rose sharply in response.On February 2nd, Beijing time, after the Federal Reserve announced a 25 basis point interest rate hike, the price of Bitcoin quickly climbed to over $24000 per coin

Glassnode data shows that the number of ETHs flowing into the exchange is at its lowest level in the past four weeks. However, the decrease in selling pressure may take time to translate into the bullish momentum of counterfeit currency

Beijing Business Daily News (Reporter Liu Sihong): Bitcoin, which has experienced ups and downs throughout the year, has recently experienced a short-term rise in prices. On April 11th, the price of Bitcoin broke through $30000 at around 8:30, an increase of over 5%