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Cryptocurrency Leverage Trading: A Risk Amplifier or a Shortcut to the Abyss?In the tempting world of cryptocurrency, leverage trading is a double-edged sword, attracting countless fortune dreamers but also hiding unpredictable risks. For most people, leverage trading is not a shortcut to financial freedom, but a trap leading to the abyss

Bitcoin Reversal Falls Below $67,000, Market Panic Spreads, Liquidations Exceed $200 MillionAfter reaching a high of $69,546 in the early morning yesterday, Bitcoin saw selling pressure emerge. It fell below $67,000 late last night and plunged close to the $66,500 level around 8:30 this morning, quickly falling below the low of October 17th before rebounding, again washing out a number of investors

Bitcoin ETFs Continue to Attract Funds, Is Ethereum ETF Inflow Reversing?Last week, Bitcoin ETFs saw a surge in inflows, with a total of $2.13 billion flowing into the asset class, marking the second consecutive week of net inflows

Is the Fed's Rate Cut Reversal Bringing New Opportunities to the Crypto Market?The Federal Reserve's rate cut plans have undergone a significant shift, causing drastic fluctuations in Wall Street's interest rate market. Unlike previous rate cuts during financial crises, this one seems unrelated to economic conditions and appears more as a preventive measure

Ethereum Price Analysis: Descending Wedge Pattern Suggests Reversal, But Risks RemainDespite its prominence in the cryptocurrency market, Ethereum remains one of the worst performing among the top cryptocurrencies by market cap. Recent price declines have caused losses for many investors, raising concerns about the future direction of Ethereum's price

Bitcoin Analyst Predicts $45,000 Bottom, Ushering in "Biggest Bull Cycle Ever"Crypto entrepreneur Michal van de Poppe predicts that Bitcoin will enter a bull market lasting at least two years after undergoing a "final correction." He believes that the price of Bitcoin will bottom at $53,000 and eventually break through, initiating a new bull run

ETH MVRV Momentum Indicator Shows Continued Downward Trend, No Signs of ReversalAccording to Odaily Planet Daily, on-chain analyst Ali shared Glassnode data on X, revealing that Ethereum's MVRV (Market Value to Realized Value) Momentum indicator remains in a downward trend, with no signs of a reversal yet. This suggests that Ethereum's price may continue to decline

Bitcoin Short-Term Bullish and Bearish Battle: High Leverage Players Need to Be Cautious, Buying Opportunity Below 56,000?Last night, before the US stock market opened, Bitcoin fluctuated by more than its full-day range in just a few minutes. High-leverage players may have felt this impact particularly

EthCC2024: Witnessing the "On-Chain Everywhere" EthereumHeld in Brussels, Belgium, from July 8-11, 2024, the Ethereum Community Conference, EthCC2024, focused on the evolution and future of Ethereum under the theme "On-Chain Everywhere," emphasizing the integration of blockchain into everyday life. The event drew attendees from around the globe, engaging in over 500 related activities, spanning workshops, keynote speeches, and more

Bitcoin Reverts to Consolidation, Fails to Hold $65,000 Level, Bull Run Imminent?Market Sentiment Fluctuates as Bitcoin Drops Below $65,000Bitcoin price experienced a significant drop on June 16th, breaking through the $66,000 support level and hitting an intraday low of $65,046 during midday. A brief buying surge pushed the price back to $67,286, but the momentum failed to sustain, resulting in a closing price of $66,580

Dogecoin plunges 15%, can Musk's "personal intention to support" reverse the trend?The recent intensified volatility in the cryptocurrency market has not spared Dogecoin (DOGE). CoinMarketCap data shows that Dogecoin's price has plummeted 15

Bitcoin Faces Resistance at $65,000: Short-Term Traders to Break Even, Highly Leveraged Shorts at RiskBitcoins price is attempting to recover from its June slump, but on-chain data suggests it may face resistance around the $65,000 level. While historical data shows Bitcoin usually exhibits a strong rebound in July, technical analysis and on-chain metrics indicate any rally this month could be capped by selling pressure at the $65,000 mark