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Is the US Investor "Withdrawal" a Good Sign After the Fed's Rate Hike Sends Bitcoin Soaring Past $64,000?
Is the US Investor "Withdrawal" a Good Sign After the Fed's Rate Hike Sends Bitcoin Soaring Past $64,000?While the Coinbase Bitcoin Premium Index recently turned negative, indicating a decline in US investor interest in Bitcoin, the cryptocurrency's price has continued to surge following the Fed's rate cut, even briefly surpassing $64,000, marking a new high for the month. This suggests that despite the muted performance of the US market, interest in cryptocurrencies remains strong globally, particularly fueled by powerful buying pressure from Binance
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Ethereum Short-Term Trend Analysis: Is a Pullback a Good Time to Buy?
Ethereum Short-Term Trend Analysis: Is a Pullback a Good Time to Buy?PrefaceHello everyone, I'm Lei Gong! Yesterday, I analyzed the short-term trend of Bitcoin, and the conclusion was that it would rise. However, the actual result was only a brief surge, followed by a drop below the first support level
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Global Financial Markets See Muted Activity on Good Friday, US Dollar Index Retreats After Core PCE Data Release
Market Overview In observance of Good Friday, financial markets in Europe and North America remained closed, while energy, precious metal, foreign exchange, equity index, and US Treasury futures trading at the Chicago Mercantile Exchange (CME) and Intercontinental Exchange (ICE) were suspended for the entire day. Activity in the foreign exchange market was relatively subdued during the quiet holiday period
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BGD Belgrade Coin: Three Reasons Why Buying Bitcoin Now is a Good Time
After falling from a historical high of $15000 last year, Bitcoin faced serious setbacks in 2022. However, entering 2023, Bitcoin has shown astonishing resilience, with trading prices approaching $36000, an increase of over 110%
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The historical pattern of Dogcoin heralds a good omen for November
DOGE has a bright future in November due to the following reasonsAccording to current on chain indicators, Dog Coin (DOGE) has not lost control of its latest upward trend. Top tier Meme tokens changed hands at $0
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Dry goods! Coming soon, Bitcoin (BTC) will be halved, and the ecosystem will continue to prosper with unlimited potential!
Hello everyone, this is Xiaoluo. Today, let's talk about Bitcoin (BTC)
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The Ethereum Whales have good reasons to keep their eyes wide open
The lack of large transactions does not necessarily mean that one is not interested. On the contrary, it suggests that whales may be searching for better entry points for accumulation
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Bitcoin provides a "good omen" as analysts maintain a BTC price target of $40000
Bitcoin hit a five day high on May 15th and continued to rebound after Wall Street opened.Join us, official account: Chen is bad, not bad$40000 remains attractive for BTC pricesAccording to data from CointelegraphMarketsPro and TradeView, the BTC/USD on Bitstamp reached $27666
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Ethereum Shanghai Upgrade: Why is it good for ETH?
The Ethereum blockchain is about to receive an important update on April 12th, namely the Shanghai Upgrade. The main purpose of this upgrade is to enable the extraction of Ethereum (ETH) already pledged on the Beacon Chain. Currently, over 17 million Ethereum coins are locked on the Beacon Chain, accounting for over 15% of ETH's total supply.How will this upgrade affect the price and market of ETH? We believe that from multiple perspectives, the upgrade in Shanghai is beneficial for ETH, for the following reasons:Enhancing the attractiveness of beacon chains Beacon chain is a core component of Ethereum's Proof of Rights (PoS) consensus mechanism, which enables Ethereum networks to be more secure, efficient, and environmentally friendly. Currently, to become a verifier of the beacon chain, at least 32 ETHs need to be pledged and cannot be extracted. For some users, this may be a high threshold and risk. After the upgrade in Shanghai, pledgers can freely extract their ETH and rewards, which will reduce the cost and risk of pledging, attract more users to participate in pledging, and increase the security and decentralization of the Ethereum network.Reduce the cost of second tier solutions